The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1888-02-25
THE BUSINESS VIEW.
R. @. DUN g CO.'S WEEKLY REsUME
which, while it show, NO Especial Boom in
Trade, Certainly Gives no Cause for De.
spondsuoy-Tho Outlook for Iron not
BHEht-GOld Setting EuropSwArd.

NEW YORK, Feb. 24-Following Is R.
G. Dun & oo.'s review Of trade for ths
week ended Saturday, February 26:
Both Legitimate trade and speculation
continues dullsr than is usual at this
season, though moderate improvement in
trade is noticed at Memphis, Charleston,
Kansas City and Milwaukee, aud in
speculation there has been q lite more
activity in stocks. To natural causes Of
dul!ness at this season there Is added
quite unusual uncertainty in several i'm.
portAnt branches Of business. The terml-
nation Of the RsRding strike has come at
last, and, a. was suggested some time ago,
1t only increases the uncertainty in the
coal business. Efforts to settle railroad
wars have not succeeded, but new cuts
cause much disturbance.
The sugar trust meets unexpected op-
position, thresteninE It's existence; opera.
tions Of other Synuicstes or combinations
make 1t impossible to foresss the future in
many trades; and meanwhile the uncsr.
tainty as to Congressional action on the
tariff Ia In no degree lesaened.
Within few days the sharp rise In for
eign exchange has also rendered the fu.
turs Of the money market less clear,
Tbs fact that the Reading strike but
slightly affected the iron business became
clear before work was resumed, and 1t Is
now felt that, with the known ahrinksRe
in the demand ior iron, the resumption of
work by few furnaces would be likely to
inauTe lowor prices. A sale OF extra good
forge for SIS IS at the furnace is reported,
and the competition to secure orders for
rails Is still keen. Bar iron is quoted at
81 90, but car building continues unusual.
ly large; the Pennsylvania Company alone
has placed orders for 1900 cars and 70
locomotives. Eastern nail makers are
combined, and the price stiffsnsa little.
Coke producers at Connellsville have at
last consented to reduce the price % cents,
which will help manufacturer. The
Gogeblc mine consolidation has collapsed
and the orders for lake ore thus far indi-
cate heavy decreAse in demand.
The failure of Graf, Bennett & Co., OF
Pittsburgh, produces mo disturbance, but
illustrates the over-confdence oil the last
years expansion.
The moderate improvementin. the stock
market is interesting, but as yet has
scarcely lifted prices above the level OF
February lst. OF the new bonds Issued
this year, $54,0O0.0O0 are for new roads,
and nearly $l20OO,0OO were listed last
week, but how many OF these have found
purchasers, no one knows.
The quick advance in foreign exchange
appears to indicate that investments OF
foreign capital on this side have ceased for
the present and experienced bankers now
discuss the possibility OF early
exports Of gold. The actual exports
Of goods at New York for three weeks
past, show an increase OF 35 per cent over
the same weeks OF last year, but no such
increase Is seSpected in the aggregate.
The treasury has taken in $S,100,0OO
more than 1t has paid out during the week
slightly diminishing bank deposits.
The situation at Washington does not
promise any early action in regard to the
surplus and even the bill authorizing pur-
chases of bonds may be delayed.
Domestic exchanges are but slightly in
favor Of New York, and the movement OF
money this way seems to have ceased
with one tendency to outgo in the direc-
ton OF Boston. AT interior points the
supply OF money is everywhere reported
ample, and collections are on the whole
improving, especially in the Northwest.
Trade In breadstuffs Is hindered by for
eign uncertainties, which keep alive hopes
OF war and higher prices. Corn and oats
have declined about one cent each, while
wheat has risen Gs much but iH weak
again. No change is noted in hog pro-
ducts. OIL has risen about two cent?, while
cotton hss weakened. Sales abroad and
the lack Of domestic demand weakens
coffee, and In the sugar trade q PhilRdel-
phia house offers to underaell the trust,
and at Boston there is rumor OF q aplit,
while from San Francisco news comes OF
organized opposition by Spreokles and
others.
The dry goods market continues fairly
active for cotton, though print cloths are
shade easier. In the jobbing trade grow
ing activity is noticed. In Woolens the
prospect Of improvement 10 disturbed by
the renewal Of tho large auctionsalea and
peremptory sale Of silks is announced.
The business failures occurring through
out the country during the last seven days
number for the United Statee 237, and for
Canada SO, or total Of go as compared
with total Of 272 last week, and 2S9 the
week previous to last. For the correB-
ponding week OF last year the figures were
209, made mp OF 1877 In the United States
and 23 In Canads, For the past four
weeks the aggregate has been 95l in the
United States sgainat SO? last year, and
l54 in Canada against l4l last year.