The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-02-27

NEW YORK, Feb. ss,-R. c. Dun 4
CO.. weekly review Of trade tomorrow
will say:
Genuine improvement in business
does not come with rush, like the
breaking OF a great dam The growth
for some weeks past has been more en-
couraging, because in nearly all llnes
1t has been gradual and moderate. The
rupture Of the steel rail and other com-
bInatlons in the iron business has
brought out q vast quantity Of trade
which has been held back and has set
many thousand men at work, while the
slow but steady gain in other great In
dustrles has given employment to
many thousand more, but the full eff
fects viii not appear until the increased
purchases by these swell the distribu.
ton Of goods. Meanwhile It IS Bubstan-
tial ground for confidence that months
which were regarded by many IN the
money market with serious apprehen-
slons, have passed without disturbance
and with a steady gain in the position
Of the country. and of the treasury.
The breaking of bonds which have re-
stricted many branches Of the iron in-
dustry. has been followed by an enor-
nous increase In demand and in, orders
booked and by the starting of many
works. Nothing Is yet settled about the
price Of lake ore for the coming season,
but some expect for Messaba the price
Of 1895, while others expect a lower
price with being at least 90 per cent
lower than at the prices Of last year.
The rapid increase in coke output IN
the Connellsyllle region, which y now
over 100000 tons, give prospect Or moa.
crate cost of fuel, and the addition OF
important furnaces to the producing
capacity prevents a large rise In BeS-
semer pig, which has nevertheless ad-
vanced ten cents at Pittsburgh, With
increasing demand.
A Big increase.
Purchase of rails, estimated at 1000
900 tons within two weeks. whereas the
production last year was only 1,lO9,sss
tons, and the sales said TO be only SO0,-
900, insure employment for the works
far ahead and eastern works are taking
desirable contracts at SIS per ton. Barr
arfe unchanged, but orders for 800 cars
by one railway, with numerous others,
increase the demand, and plates are re-
quired for two great elevators at Chica-
20. Important contracts for export
continue, and American makers unaer.
sell foreign in tin plates by 20 cents, ana
are selling cotton ties below 75 cents,
for which 81 10 was charged by import
ers q year ago.
with less rapldity, but steadily, other
industries are gaining Although
brown four-yard sheetings are an
eighth lower and print cloth sixteenth
lower, 1t is found that several cotton
mills have started, not covered by tho
restriction rs to print cloth works,
which Is carried out
Increasing demand has also started
quite a number Of woolen mills, inelud-
ing many making dress goods and hos
iery. The demand for mems woolens
is also somewhat better. especially for
heavy weights, and there are improving
sales OF better qualities. Sales OF wool
has been q, 81, 200 pounds In four weeks,
against 1856, 900 in the largest pres
viouB year 1891, and the great establish
ments are believed to have supplied
their possible wants for some months
ahead, a single purchase OF 1,S00.0O0
pounds South American cross-bred, be-
ing the most important noted this week.
Wheat enjoyed brief rise, then
dropped over three cents, and closed
25Nc lower for the week. While vest
ern receipts are 40 per cent smaller
than last year, for the past four weeks,
Atlantic exports, flour included, in the
same weeks have been $780, 4i6 bushels,
against 17.0l3,5T7 last year, and the ex-
ports Of corn have been S,4sb, ,652 bush.
els, against 4,1s5, ,2S2 last year. The In
crease in corn more than makes up in
foreign consumption for the decrease
in wheat. Cotton rose 1-16c, though
without material change in movement.
Better reports Of manufacturing in
England and starting Of some mills |
here give hope Of better demand.
Failures for the week have been 296 |
In the United States, against 97S last
year, and 50 in Canada against IS last
VanF