Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-08-24
WEEKLY REVIEW OF TRADE.

NEW YORK. August 23-R. o. Dun q
Company's Weekly Review of Trade to-
morrow will say;
Though there are some drawbacks, not
ably the labor troubles in the iron and
steel industry. business is of well sus-
tanned volume, to which fact payments
through the countrys clearing houses
railroad earnings and the strength of
prices of staple and partly manufactured
mercha ndise offer ample testimony.
Except in certain branches of the tex
tile markets, sellers Of merchandise have
an advantage over buyers and distribution
is as large as stocks will permit.
The Amalgamated Association Of Iron,
Steel & Tin Plate Workers succeeded in
enisting the sympathy of other work
men with the result that the output of
merchant bar and wire rods is curtailed
to the extent of about 1000 tons month
~ Beyond this detection. wage earners
in allied branches of the steel industry
have refused to break their contracts.
Many idle mills resumed during the past
week and even in the tin plate region
there Is moderate output.
Plates have begun to arrive from abroad
and prices in the London market sharply
advanced. Hoop and sheet mills increase
production daily and there is no loss in
the rail division. but some anxiety is felt
regarding supplies of cotton ties as the
picking season has begun in many States.
Decreased consumption tends to weaken
pig iron and tin Is similarly affected.
Exceptional activity is still the rule at
shoe shops and promises to continue for
some months. Old orders are being tlled
as rapidly as possible and shipments from
factories show a steady increase over
last year of about 30 per cent.
One of the most satisfactory signs is
the advance that little summer stocks
will have to be carried over. Sole leather
continues remarkably strong union backs
gaining another cent while there is
splendid demand for hemlock, both for
domestic use and export. Betting butts
advanced and kangaroo leather is much
higher. Hides are without change in
price and sell freely.
Slightly better terms are asked for sta
pie wooden, and worsted goods is no way
diminished the volume of sales, and the
light weight season promises to be one
of activity. In heavy weights there is
also noticed greater interest on the part
of the buyers than is customary at this
late date These improved conditions in
the manufacture give a firm tone to raw
wool despite the heavy arrivals at eastern
markets of the new clip.
After season of dulness at eight cents
a pound, cotton suddenly developed con-
siderable animation and strength. The
chief influence was unsatisfactory wealth
er, although there was also aid in the
speculative market from covering of the
large short interest outstanding. Liver
pool quickly responded to better prices
here. There was further support in the
failure of any agreement regarding wage
reduction at Fall River, a strike would
assuredly have followed and consumption
of the raw material being materially cur
tailed. Sales of print cloths have in
creased in the last few days and prices
rose. relieving the situation, hut it may
be found necessary to reduce the output
by partial stopping of wheels.
Other lines of cottons have enjoyed
more activity and occasional advances
in quotations are reported. Decided in
terest is shown in fall goods, the jobbing
trade being well occupied. In lines ex
ported to China there is fair movement.
Grain quotations eased off somewhat
during the week. though the net decline
was small Corn is still close to the high
est prices since 1892 even with a host of
important influences initiating against
such inflated figures Weather conditions
steadily improve, making the outlook
bright for late planted corn. Foreign Gus
toners have been driven away by exor-
bitant prices to the benefit of Russia and
Argentina. and Atlantic exports for three
weeks aggregated only 1862 $50 bushels.
against ,636, 54S last year and IL, 40 025 two
years ago Meanwhile interior receipts
steadily exceed those of year ago. indi-
eating that farmers have large stocks car
red over from previous excessive yields
Nevertheless, prices remain above 60 cents.
The slight reaction in wheat is explained
by the decrease in Atlantic shipments to
4,S53. 735 bushels, against 7.352S26 in the
previous week Compared with the eX
ports of 1870 S17 bushels last year and p,
1876 So bushels TIVE years ago, however,
there appears phenomenal gain. Pacific
exports are still retarded by labor trou-
bles, but the movement will be striking
when once started.
Failures for the week numbered 205 in
the United States against III last year,
and So in Canada, against 90 last year