The record-union., 1898-03-26

with war apparently near, but as yet
scarcely any indication of decrease for
that reason is seen. 1t is difficult to
take dismal views, when the nation is
SURPRISING all records in marketing
products.
Atlantic exports of wheat for the
week have been 2,160, S26 bushels,
against 1,2T2, $50 last year and in four
weeks 9, 302, 514, flour included, against
), 103, 425 last year, with Pacific ex-
ports i 232, 032, against 1924 last
year The price has declined 27sc, but
the heavy shipments and contracts for
export is having constant influence
Sales of wool have been only II ILL.,
600 pounds in three weeks. at the three
chief markets, against 46 605, 300
pounds last year, and quotations are
yielding, with sales of old wool 1a11e
below current quotations for clothing,
and no indication that manufacturers
are nearing the end of their stocks
Cancellations are numerous, but in pro-
portion to orders smaller than for five
years past, and find natural expIana-
ton in an advance of prices greater in
some lines than distribution seems to
warrant. Yet the mills are nearly full
and rather more demand for goods is
seen since colder weather appeared.
The iron and steel industry is more
fully employed than ever before in
it's history, and although production
of Bessemer pig is beyond all precedent
the price advances, and billets are still
bought in the open market by some of
the largest producers. Other pig is
DIV in 1o,-in
in finished products, excepting steel
plates at the East, but for these the
demand at Chicago is enormous, as
for cars and agricultural implement
materials, pending orders for cars COW
ering 800 to 2,O00 each. The structural
demand during the first quarter was
80 per cent. larger than in the same
quarter any previous year, and it is
said the demand for pipe is swelled by
pending contracts for 126 miles. Minor
metals are Comparatively quiet; tin at
l4.o; Lake copper at 12c; lead firm at
Bic, and nickel in heavy demand at
34c
Failures for the week have been 251
in the United States, against 291 last
year, and Il in Canada, against 90
last year.
FINANCIAL REVIEW.
NEW YORK, March %. = Brad
streets Financial Review tomorrow
will say:
A dull and nervous tone has pre-
vailed in speculative circles, and while
the market has been generally weak
and lower, several Slight rallies were
produced by the short interest At
tention has been centered to even a
greater extent than in the preceding
weeks on the relations between Spain
and the United States, and the prob
ability of matters in that connection
coming to a head. The public is en-
tirely out of the market, and the larger
interests are also taking comparative
ly little active interest, though for
eignerS We're sellers to some extent
The professional and professional
element has evidently prepared for any
emergency by selling stocks right and
left. Indeed the liquidation of weak
long holdings has been so complete that
the further declines failed to bring any
noticeable selling by commission
houses. On the other hand the Dor
rowing demand for stocks through al
most the whole active list has been
evidently increasing from day to day,
and has at times assumed an unwield-
ly appearance, in spite of the absence
of any buying power.