The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-03-13

NEW YORK, March PR. C. Dun &
Co.'S weekly review tomorrow viii
say:
IT is curious illustration OF human
nature, this continued Encouragement,
even while the increase OF productive
Industries and OF legitimate business
steadily grows. No genuine or last
ing improvement could come otherwise
then slowly and step by step, after such
depression as the pas; four years has
witnessed, and the most hopeful fea-
ture Of the situation is that the gain is
so nearly devoid OF elements which In
volve unsoundness and probable reac-
uon.
The first step towards prosperity is
TO get the wheels started and the hands
employed, and the number OF works
which have resumed or increasd force
during the past week seems greater
than any other week since November.
While the start has been secured in
many cases by contract at extremely
low prices, involving some reduction OF
wages, the hands are earning more
even so, and aid more TO the general re-
covery than II not working at all, and
thus far important strikes have been
avoided in many cases, though some
axe stIll threatened.
The money markets continue espec-
tally favorable 70 industrial recovery,
and there is no such speculative cpl
demIc as 20 lock up an excessive share
OF available capital.
The annual statement OF wheat IN
farmers hands March lst., have not IN
the least stimulated speculation. Those
commonly considered worthy OF atten-
tIon Indicate that farmers and CONNER
cIal supplies tOgther, 1876 TO FOG million
! bushels, exceed the output estimate OF
home demand l3O 900, 900 bushels 10 July
lat, BY much more than the quantity
likely to be wanted for export IN view
Of the continued outgo OF corn, amount
ing for the past two weeks 10 6,Syi'ss6
bushels against 1.j9l,47j last year.
The price of wheat has declined S15c
for the week, and corn Is also a trhc-
ton lower
Cotton is not active. though n six
teenth higher. The speculation In wool
continues and the sales for the Two
weeks have been l7.gO3.sO0 pounds. OF
which 9.S9l, ,O0O. 900 were domestic,
whereas the largest previous sales Tor
the same period were l20i7,6I6 pounds
In 1899, OF which S,3d9, ,t26.were domestic
While there Is much trade between
dealers. manufacturers show by pur-
chasing far beyond their present wants
the belief that larger business IS COM
ing
Iron furnaces March 1st.. were pro-
ducIng 1863. 1856 tons weekly, I,O2I tons' or
4 per cent more than February lst., and
although visible stocks have Increased
40 OeI tons in four weeks, still more FUR
naces have started this mouth. The de-
mand for finished production still laSs
behind the supply OF pig iron. except IN
the great steel works, whose stocks are
not reported but their orders without
doubt cover full production for several
months Bessemer pig is shade lower
but no other change in quotations ap-
pears and there Is q gradual increase IN
The demand for plates. sheets and oil
the wire family OF products.
With the advent OF spring weather the
ont door work much more business Is
expected The starting OF the Maryland
rail works under contract with the
Carnegie company in order to make
shipments by water more cheaply, Is
significant
FaiIures for the past week have been
q56 IN the United States, against 800 last
year and 6l in Canada against W last
year,