The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-04-03
TREND OF TRADE.

n. 9. Dan = co.'s Weekly RevIsw-EEon
and steel fTrads-WoOi Trade RO0miRE.
NEw'YoRK. Aprl AR 9. Dun &
Co.'S weekly review Of trade tomorrow
will say:
The markets are stu waiting, some
aaEEing downward and others recover
ing. The vote OF the house in favor Of a
new tariR bill has made no impression
in these. since 1t has been expected
since November that some measure of
the same general character would be-
come law. II the bill stands, with its
provision making new duties applicable
April ], chances are that foreign Inn
ports- and treasury receipts may be for
4 time considerably restricted.
The market for products has been
variable and uncertain. Wheat cluse9 q
cent lower than last week aud the May
option has declined two cents and west
have been 2,7st,5s7 bushels, against
''SsS SSS 20s iaSt wear; while the
Atlantic exports, flour included,
have been 2,lS5.21S bushels, against Nl,-
2s0. .Oi3 last year. The movement Of corn
continues 90 large a. to materially at-
Seot tie demand for wheat, western re-
oeIpts having been 1,9l3,s82 buhSels for
the week, against t,9t6.ei5 last year ana
Atlantic exports 4,2sl,699 against 1,OsS'-
S96 last year. go
CurFent trade estimates regarding the
wheat report are q little more favorable
and arc OomeWhat likely to prove re-
liable, rs tho advance OF the seaEon
makes the condition OF growing. wheat
better known. Cotton has not changed
IA price, although the floods Is the
southwest have doubtless done much
harm.
turers are atowiy gaining IN business,
though print cloths and most STAPLE
cottons remain unchanged In price, ana
restriction OF output seems to nave glV-
on some relief to the market
The buying OF wool BY mills ia still
noteworthy feature, being far In excess
OF current consumption, but there tg
much greater volume OF transaetlona
between dealers and at tho three CHIEF
markets the sales fnr tve weeks o.
1892, when the mills were well employed.
Prices are very strong, both here ana
at London, where the advance since the
sale beRnn ID from 15 20 20 per cent. but
there are feyerish Irregularities indicat-
ing that holders ara not all OF one MIND,
ana some TGEuGEIuaE NllAk AHNhs 44Aa
mills have taken stocks for full years
consumption.
The iron and steel industry has been
staggered. 80 to speak, by the decision
OF tie supreme court affecting railroads
since It Is apprehended that purchases
NOT only Of rails, but Of cars, iocomo-
lives and bridge materials may be 81:
fecfed, Tho demand for rails is etill
considerable, and one order IS pending
for ten thousand ions for Japan, but
the reduction In the MeHaba ore with
Inc want OF agreement as yet among
producers Of hard ores, tendH to encour'
ace the BELIEF in lower prices for iinish-
I'd products and so 10 hinder buying.
Tho great struggle between the ore pro.
duclng companies OF Meanbn has not
vel 10 tar developed that anybody can
Feel confident as TO the future cost OF
Iron, Meanwhile, with pig accumulatlng
nlthough como furnaces have stopped
production, tho price Of Bessamer at
Pittsburgh Is q shade lower at $40 20
and Grey forge at 50, but there are no
quOtnbie changes IN prices OF finished
products. although the tone u rather
weak. Tho new combination IN cut nails
only AFFECTS selling prices IN castcrn
markets,