The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-05-22
BUSINESS REVIEW.
Dan Reports UnmiStakablo sIGnS OfIn'-
provsmsnt-IrOn InduStry InsrOaSos.
Wool Trade Dali.

Dan Reports UnmistakablS SIEnS OFIm-
provsmsnt-IrOn InduStry Increases.
Wool Trade Dali.
NEW YORK. May 2l.-R, G. Dun &
Co.'S weekly review OF trade tomorrow
will say:
Unmlstakable signs of improvements
comes In the general increase Of COM
mercial loans, mostly for eastern mer-
chants or companies. though some well
known houses in the middle west ap-
pear with considerable re-discounts
from the south.
Not for long time have commercial
loans been fully half the whole. The
distinct change gives proof that new
business has been larger than many
have supposed. Receipts OF money
from the interior exceed shipments
81. .5OO, 900, mostly from the middle west.
Exports Of gold have no influence and
only signify the willingness OF Russia
10 pay q price for the gold needed. The
excess OF merchandise imports to an
sWer demandsf or half year to come
involves a greater excess OF exports
when the anticlpatory movement ends
and crops begin to move. which fact
renders large outgOes OF gold less ike
ly, and gives the country stronger po-
while there Is u continuing increase dis
tinct though gradual, in the volume OF
business In demand for products OF
manufacture and considering the time
OF year, In movement OF grain and pro-
duce.
years for the week. 2,3A.lSs bushels,
against l,73S,9s6, and Atlantic exports
were 1,67O.sl3 bushels, hour included,
against l,3O2,isl last year, and for three
weeks I.7Ts,723 against a,Sb,slO last
year. Western receipts OF corn were
1855, ,67T bushels, against 1,isS,60 and
Atlantic exports 2,iSS, ,S25 against 1,60s,-
7Is last year. Notwithstanding the
enormous Increase hitherto. Wheat
again cheated hopeful buyers and fell
nearly four cents, closing three and one
half cents lower for the week.
Corn was q shade weaker Cotton
once more hopefully advanced to seven
and seven-elghths cents, but fell back
10 seven and three-fourth cents, with
poor support here or abroad. Both the
volume OF stocks and the condition OF
domestic and foreign markets for goods
hinder advance, and later acreage re-
ports ore better.
crease In new business, though not In
all branches. Part was due to the rup-
tnre Of Inc steel beam pool and the fall
In price from 81 Is TO 81 Is nomlnnlly
oIIoted. and some good structural con-
tracts were at once secured. PARTS due
10 a better demand for plates and for
pipe, OF which one large contract for
Indiana fields was placed, and part 60
growing needs for cars ana vessels
There Is also some increase IN rous,
though through the season for wire and
malls ia nearing an end, because OF an
expected pool OF rod mills. Low south
ern freight rates marketed little more
iron al the north and eastern foundry
Ig slightly lower with grey forge only
Ss e5 at Pittsburgh. The Carnegie
works are now turning out 5000 tons Of
rnlls daily, nearly all on old orders, md
exports OF finished products incrense.
sales OF copper. said TO be nearly $1,000
pounds, have stiffened the price TO
eleven and One-elghth cents Tor lake.
and lin rose to thirteen and one-halt
cents In spite OF large arrivals. though
lend wns weaker at 50 Is and tin plates
al 81 20. Coke Is also y shade lower.
Snlcs of wool decrease. though stu
greater than when all the mills we're
busy, but manufacturers nre doing
scarcely anything. most Of thelr pos
sIble demands for months ahead having
been supplied. Western holders begin
10 offer ut one TO one and half cents
lower than Of late. Woolen goods are
dull, but prices are ilrm. The strike OF
clothing hands here somewhat restricts
fhe demand. Cotton goods are without
change In prices, print cloths still at
tho lowest on record. and the demand is
stiIl Indifferent, with talk OF temporary
closing OF mills at the south.
Failures for the week have been 2iS
in inc United States. against 221 last
wear, and "a In Canada. against 2s last