Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1900-06-30
DUN'S REVIEW OF TRADE.

NEW YORK, June Or. G. Dun &
Co.'S Weekly Review of Trade to-mor-
row will say:
| The country begins to feel some OF
the effects of it's new place among the
nations. Influences effecting its bust
ness during the week ranged all the way
| from a boycott at ST Louis to a war in
South Africa, and from sun spots TO
the relief of Pekin. Drouths and sun
spots have played their part before, but
none can quite foresee all the results
of defending American rights in China.
! Political influences also tend to color
current opinion about most things IN
Presidential years All these and other
| influences work together to create
state of uncertainty until the contro-
versy is over. The long effort to hold
J nominal prices for iron at Pittsburg has
/ ceased and the associations now recog-
nize an open market in which BesSe-
| mer is offered at $40 and billets at SIG,
with grey forge at SIT. Scarcely sin
| gle transactions is reported, buyers abb
| staining even more than when prices
were purely nominal, and while there
are many considerable contracts wait
! ing for a safe basis in cost of material,
the problem is a rather difficult one.
! Over thirty furnaces are said to have
| gone out of blast and while some have
! been stopped for repairs, many more
will be idle for time until wage scales
! for the coming year have been settled
| with labor organizations with a proper
| adjustment of supplies and prices to
the actual demand, a heavy business is
/ possible, but delay at this season may
affect prosperity for some time to come.
! With steel plates quoted at l.30 at Pitts
burg and No. II sheets at 80 cents, no
general gain in business results from
the sudden decline in structural shapes.
Neither official nor unofficial accounts
have removed doubts about the wheat
crop, and if it proves as low as on es-
| innate, 460,000,000 bushels, the extent
to which it may now be displaced in
European consumption by corn will be
seriously tested.
| The exports of wheat and corn were
429 900 900 bushels in 1898, and 100000
600 in 1899, and have been about $780,
| 10000 bushels wheat and 210,000,000
bushels corn in the crop year 1900, but
never as large before, for in 1892, when
! AzO,uuU,Uuu DuSltlS NHCtl NSIHJ dbl Odu,
there were only $4,000 coo bushels corn.
| But all recent estimates Of production
, have been so far distrusted and ii is
| scarcely good sense to base grave ap-
| prehension on any SO early in date, and
the census this year will be awaited
with especial interest because it will
help TO show how unworthy of reliance
! some estimates have been. In four
| weeks of June Atlantic exports of
wheat, -four included, have been TO-
! 9S0.076 bushels, against S,934.63S last
| year, while corn exports in the four
weeks have been 11,9S6.244 bushels,
against II, 1886 last year After ris-
| ing four cents, wheat closed unchanged
for the week and corn only &c higher.
Another general yielding in prices Of
wool of iac to &c on many grades
would apparently reduce the average of
one hundred quotations by Coates
Bros. about 1ac, making four cents de-
cline from February 1. The calcula-
| ton that wooden goods business was
large enough and good enough to stand
| anything is not yet justified. The
market is growing unsatisfactory and