Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-02
DUN'S REVIEW OF TRADE.


New York, April 1.-R. G. Dun e.
20. $ weekly review Of trade will saw
tomorrow:
In spite of foreign conditions since
the destruction of the Maine. Febru-
airy 10, failures in three months are
smaller than in the first quarter of any
year since 1856; the ratio of defaulted
liabilities to payments through. clear
Ing houses has been the smallest for
that quarter since 1881; the average OF
liabilities per firm in business has been
the smallest since 1880, and the aver
age OF liabilities per failure has been
lower than ever before in any quarter.
1t is especially significant that the fail
ures for less than 100000 without ma
ter1ally decreased in number. were %
per cent smaller than lasc year in man
ufacturing. aud "a percent smaller in
trading
The war cloud, which many have in
ferred must have greatly increased
commercial disasters, does not appear
to have any such effect as yet, and
while there is some decline in the new
orders for industries, nearly all live
works are covered so far ahead that
the difference is not felt Rates for
money have advanced and the six per
cent which used to be the ruling rate
in active times again prevails, which
compels many spectators to liquidate
But the imports of gold go far to pre-
vent any real anxiety Moreover, al
though part of the hypotheticated ex-
change on Europe has been sold and
ordered against it, there is known TO
be about $50, 100000 more yet in the
banks at New York and s12,500, 600 in
other cities against which gold is liza
BILE to be imported because there is
small prospect Of any better settle
ment.
The outgo Of breadstuffs continues,
Atlantic exports being 2,516,220 bush
els, -four included, for the week
against 2,1S5,37S last year, ard pacific
exports 542,1 47 bushels, against 1885,
l07 last year, and for the past five
weeks from both coasts the exports
have been 16,592,917 Bushels, against
8,226,256 last year Meanwhile corn
exports have been for the week 3,767,-
029 bushels, against 1921 ,621 last year.
All the speculative movements at the
west have been less influential than
this heavy and confined buying Of
grain and western receipts begin TO
fall off as if supplies were no longer
unlimited.
Wheat has declined slightly, but
corn has advanced One-quarter of a
cent for the week and no one imagines
that foreign troubles can check the
outgo. Cotton has advanced an eighth
because of the idea that production
may be reduced although receipts
from plantations thus far have been
greater by about 100000 bales than
in 1895 from the largest crop ever
raised, and while the mills are now
nearly all active the resumption does
not exceed the maximum. The email
est sale of wool for many years are
reported at Boston and at the three
chief arkets sales have been only
1,466.5GJ pounds for the week and
about a fifth of last years for the
quarter. The stocks held by manu-
facturers have evidently been much
greater than anybody supposed, and
they are not yet buying after several
months Of waiting, nor showing any
disposition to buy though nearly all
their works are running full.
The iron and steel market shows no
QecT6dSP, IOT WlJH WOEkS Iully eM-
ployed and some additional works put
into operation for government pu.t
poses, pig is not lower anywhere, and
at Pittsburg a shade higher for Bess'e-
mer because of agreement by Valley
producers, while without agreement of
Mesaba mines the purchases Of ore at
Cleveland were over a million tons
for the week Billets are still scarce,
and sheet bars in demand, though wire
rods are lower, and wire nails are
weaker in spite of the imperfect COM
bination of makers. Other prices for
manufactured products are unchanged,
although rails are shade stronger
with a Russian order pending for 35,
COO tons to complete the Pacific rail-
way, and plates are in very heavy de-
mand, 6,cC0 tons for cars and 4,CG0
tons for other use at Pittsburg, with
$4,000 more originating at Chicago and
structural orders cover 1900 tons for
buildings at the east, with 1000 more
at Pittsburg and many at Chicago.
Failures for the week have been 900
in the United States against $50 last
year, and 27 in Canada against ~ last
year.