The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-27

NEW YORK, March 2G-R. q. Dun
& Co.'s weekly review Of trade t6smors
row Will say:
Rarely have markets sustained such
surprises as they have received 81 lato
with so little loss. Foreign conditions
and London alarms, the collapse Of tiio
iron ore combination, the destructive
floods In the Mississippi valley and the
decision Of the supreme court against
railway associations have been used to
the utmost, but not even in railroada
has the result been important Were
all associations OF railways to cease tt
would yet be In the power Of c1piteG
controlling important lines to stop Ses
riOtIs rate cutting Il It chose.
With confidence that better times ana
larger business are coming men afe less
disposed every day to throw away good
Investments. and the very fact that
prices Of products are low is regarded
rs q guarantee against much fhrthet
decline. In all industrtals also the
number Of mills and shops and hands
ut work gradually increases.
The grain markets have lost without
reason the gain they made without rea-
son the previous week. Wheat supplies
are running out, but nobody believes
that there is coming famine b6fotG
dune, when the harvesting Of southern
wheat Will begin. Western receipts
were over a third smaller than last
year. and for four weeks have Been
s,8ll, 40 bushels, against II, ,ss4. .g0s buah-
els last year, but the better prospects
for the crop Of winter wheat has more
weight Atlantic exports. flour inelud-
ed, were nearly as large for the week
as last year. and for four weeks hlye
been 5,099.72S bushels. against 5,0O6,220
bushels last year. But corn exports
have been 12,763,679 bushels, against
4, All, 800 bushels last year.
Cotton was helped upward an eighth
by the flood, but lost half the gain, ale
though manufacturing ia more hopeful.
Without change in prices goods were IN
better demand and sales OF 10000
pieces print cloths resulted in stronger
Tone. Final dissolution Of the lake iron
ore pool has been expected ever since
the Carnegie Rockefeller deal, and 1ns
sureS low prices for ore the coming
year, though perhaps not lower than In
1896, AIesaba facilities for production
have vastly increased, and all the great
steel making concerns have secured
mines OF their own, while means OF
transportation have greatly enlarged.
With assurance OF cheap ore, hesitay
Il0u HOuuI NHElUuH VEuuuCb1 HuuuI0t vi
mInIBh and the demand Is steadily 1ns
cfeasItg. Bars are still dempral lizad.
4sl dE the nov Rest p6iHt, but. M ptteeel.
sheets, wire rods and ali nails, the de-
nand is growing larger, The demand
for rails continues enough to strengt the
en- prices, although some from specula-
tive purposes, {. are offered below the
present price Of Eiftis Tin Is a shade
lower. with larger arrivals, though the
distribution has beeen Considerable, and
lead Is decidedly stronger ct a45 cents,
but copper Is weak at u.76 cents. 1ns
creases in coke productions appear ana
more Is assured by the purchase oe
works by the Cambria company. ana
while quotations are unchanged OUT
slders are oIIeTlng furnace at 81 20 Per
ton.
Speculation in wool has recorded lafgs
er sales for four weeks than ever betore,
Al, 1901, 800 pounds. against 1,gs4,65t
mounds in the same week Of 1882, Much
more than half ID for speCulahpt1 %
nothing like the full capacity Of utills
Is employed. The wool market q
steadily Increasing. but cautiously, -
It Is too early to anticipate results from
changes which may be made in duties.
Failure for the week have beeen 29l
in the United States, against 96g last
year, and 90 In Canada, against 9.la9t
VaHP 3feHtl-tl. q