The star. (Reynoldsville, Pa.) 1892-1946, 1898-02-23
A WEEK OF TRADE.
Business Not Affected BY the Terrible Die.
sster Of the Maine

hotth VI tho huino.
u. G.. Dun e. Co.'S. review OF trade re-
ports for last week as follows: The
dreadful disaster to the Maine, much
as II has affected all hearts, has not
much affected business. Only in the
stock market. where there was selling
wednesday by speculators on thin
margins, but in no other speculative
market was an effect felt. nor in gen.
eral business.
An advance OF 10 per cent In wages
by some Gogebic mines Is expected to
be general throughout the lake region,
excepting the Meseba district, and
prices OF ore from the other ranges this
year have been advanced Is per cent.
with an allotment of G,000, 900 tons out
side Carnegie mines, which betokens
an output much the largest ever
known.
Wheat has risen s% cents. and ex-
ports continue so heavy that material
advance is natural. Atlantic exports
in three weeks have been s.416.495 BUSH
els, Hour included, against 5,661,9n last
year, and Pacific exports have been o.
1862, against 1.474,7S2 yast year. Such
shipments, with heavy engagements
for the future, in spite of 11.430.831
bushels of corn exported, against 49,
5072l4 bushels in the same weeks last
gency OF foreign needs. Wheat re-
ceipts hold up well, though not ex-
ceeding last years as much as exports.
in three weeks. 7.775,560 bushels.
against 4,Ss4740 last year. The bot
tom fact is that the world needs wheat,
which this country can only supply for
about six months to come Cotton has
held unchanged for spot though a lit
tie lower for options. prospects OF de-
crease in the next yield being the main
support.
The iron output February I, with re-
ports OF stocks on hand not held by the
great steel companies. indicates a con-
sumption of at least 5000 tons per week
greater in January than the previous
maximum attained in November. 1895.
The production is at present greater
than consumption, stocks having in
creased 9.0l6 tons weekly in January
outside the steel companies, whose
stocks presumably decreased. Some
weakness In pig would naturally result,
but while gray forge has declined at
Pittsburg to $3.50. with Southern iron
offered at Chicago at concessions, no
changes appear in products. Though
new business has been somewhat dis
appointing, the works are mainly sup
piled for months ahead. In building
of steel cars, in black sheets for tin
ming, in rods, wire and wire nails, in
creased demand and heavy business
appear, though bar and pine are weak
er and structural orders seasonably
slow. Minor metals have advanced, tin
to $l4.20 on considerable consuming de-
mand, copper to $11,25 for lake on
heavy exports and lead to $3.50 and
spelter to $40 on speculation, but fall
ure to organize the tin pool causes
weakness. American selling at SO and
lower at the West. In the cotton man
ufacture production is restricted by
strikes and some grades are shade
dearer. The recent opening of higher
grade woolens at advanced prices meets
less demand than was expected, with
less activity in lower grades and un-
expectedly numerous cancellations In
light weights. indicating larger buying
than consumption has yet warranted.
Failures for the week have been 295
in the United States. against 1903 last
year, and 80 in Canada, against 5s last
year.