The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1895-02-23
TREND OF TRADE,
II. G. Dim & Co.'s Weekly Review of Busi.
ness and Intlustrinl prospccts

II. G. Dnn 6 Co.'s Weekly Review of Busi.
ness and Industriai Prospects.
New YoRK, Feb. or. &. Dun &
Co.'s weekly review Of trade which is-
sues tomorrow will say:
The surprising success OF tho new
loan and the great confidence it has
given to investors on both sides OF the
water and to the business men here,
encourage many to hope that it may be
the beginning Of a real recovery. In
twenty-five minutes here subscriptions
are supposed to have been at
least five times tho amount OF bonds
offered and in Two hours at
London they were twenty times the
amount there offered. Considering the
power which control OF these bonds
gives to regulate foreign exchanges. aud
to prevent exports OF gold, the transac.
tion has indeed greatly changed the
financial situation, in spite OF the fact
that government revenues are still de-
fcient, and that domestic trades show
scarcely any gain rs yet. The industries
arc not enlarsing production nor hnve
prices OF farm products improved. But
n very important source OF apprehcn-
sion and hindrance has, ior the time, at
least. been removed.
Wheat iell to Sc cents Saturday last
and has recovered to 81, only quarter
below the price week ago, while corn.
cotton and pork are unchanged and
hogs and lard are shade lower.
Dealings in iron and its products are
moderate in volume, with some discour.
ngoment in most branches, though
structural works at Pittsburgh are very
busy and the demand for wire nails and
barbed wire has never been surpassed.
But nothing is doing in rails, plates are
quiet and bar is ns low rs ever, though
in rather better demand for car wheels.
Sales Of pig iron have been moderately
large. with one transaction ut Pitts.
burgh OF 10000 tons OF Bcssemor At $40,
but prices do not improve. Tin is
weaker at 1873 cents for February. The
Calumet and Eecla has reduced It's
price. for copper to 900 cen,s, tho Janu.
nry output being 1861 tons md the
foreign 7,lii, and lead has declined to
3. cents, while tin plates urc lower,
with largo arrivals.
Textile products show tow changes,
but those downward. Cottons arc meet
ing au indifferent demand and New
York mills 1 4 blcachod have boon 70.
ducod to 0sc and Lonsdale 4.3,blcachcl
10 53c, and in cheaper goods aud brown
sheetings prices ARE irregular. \ be,tor
demand appears for tho finer prints, bu,
fancy caIicoos aro quiet and there is
only tho average recorder business for
dress goods. In light weight woolens
tho recorders continue later than usual
and tho preliminary purchases OF
medium and to heavy goods are larger
than a yonr ago. some mills having busi-
moss until April. whilo in tho higher
grades thcro IL n more pr6nii}iny dc.
mand. Tho termination Of strike ut
Philadelphia sets moro carpet mills to
work and tho dnmand is fair, whilo in
dress goods littlo lie doing. Sales Of
wool ut tho chief markets in three weeks
OF February wore 1922, 900 pounds
against lS,0l0,S00 two years ago
Tho failures for this week have been
3O2 In tho United States against 2SS last
yoar, and in Canada 90 against 81 Inst
YEAR