The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-14
TRI:NNI0lITRADE

TREND Nl'aTRJADE.
Daslns,si anaiis sr~ Guinsi Oh NyithSht
Any ,spre.ht it,nrenesfi0 ihs hrs
Money Easier. " ltt
NEW YORK. May l'.--R q. spuhl& s.
Co.'S weekly review OF trade totnioTri,w
will say: s
Hos,!ll,!es have lasted loag enough 70
kill many predlctbns IL bu, few lAmeEi-
cans, The EurophNt, notion that the
United States would begin by having a
bad half liour, the theorists notion that
everybody knows a grsa panic ni,Iat
follow the outbreak ~ war, the cod1--s
merclal buyers notion that everybody!
would be ready to cell everything ,cheip
4 n war cdme, the notion that lt3geiill
pay to hoard money Until the emergeSEy
had passed, have all been made laughs.
able already. The only panic c.wns when
money TENDERS were wondering what
deadly ilnpossibllities the unltnoN'n
might have in store for them. The only
hindrance of industry has been due no
waiting Of buyers who looked for lower
prices Z. js s ( b n s,s;;
Nothing Dhhrnrtenlng. q ~
Nothing dlsheartening can be seen IN
the Industrial situation except the clos
Ing OF some cotton mills owing to over ye, y
production, and the fall of print CLOTHS
to 1877 cents. The sales OF wool have
been only 4,oo5,ooO pounds at the thrse
chief markets for two weeks against III
53o,4oo last year and Ii, ,2ls,75Oin 1885,. blt
prices are eomewhat more firm ahd,,
there Is moro demand for goods apart
from the large government orders. ~ lsss
The demand for boots and shoes hay
Ing passed all records In recent months
has nbated, and yet many orders are.
coming forward and Just at the point;
where there Is a general change from;
one season to another. the actual re-
cefpts are per cent larger tnan5 last.
year and II per cent larger lhan In 1892,
though smaller than In other years,
Leather Is rising with no active demahd.
and hides at Chicago have advanced,
about per cent In spite OF the fact that
cattle are slaughtered al5the four chief
western markets this year arc consider
ably more than in any other year Elk
ceptlng 1903 and 1891. Z.
Iron and Steel.
The output of pic Iron. 22i1cs toms,
weekly, May 1st, against 2Ss, ,s3s April "
shows practically, no change, excepting
the increase of S55 tons weekly in chaF-
coal iron. Deductlng the unsold stocks
which Increased in April 2srd, SIG tons.t
the apparent consumption in that month
was $500 tons daily against 81, ,2os tops
daily during the previous fourmontM.i
The general expectation Of expanding
demand holds prices steady for all ft--
tshed products of Iron and steel and vi "a
considerable sales of BessemerS pig 1t Is
10c higher at Pittsburgh, with 9th r.
quotations. there. at Chicago and 5t
Philadelphia practically unchangeH.
Government orders are heavy and sytt
cover but little of the consumption,
though they so far to cause the oyef-l
crnwdlng of ship yards and plate mflls,
but higher prices for wheat ha3e
brought enormous demand for grlcp}- :
tural implements and also for locon55-
tives and cars. while very many builil. !.
lngs in western towns and orders f3r
many railroad and other bridges fir
az siha EhSH
q, 900 tons of steel rails at the east,
make up q heavy volume. I'll Z
Money Matters.
Money. IS easier since Y the policy St
contraction has ceased and only s1,7o0,ot0
went to the. interior during the wees..
while the new loans OF the chief banls
average As per cent Of the total to jcunI-
mercIal interests, against 25 per cent onf
week and 10 per cent two weeks ag4
with rates much lower than were Squife
recently refused. The governments pay
Ing gold over the counter largely be-
cause It needs notes more than coin, and
100000 gold have been ordered during
the week, $500, 900 from Australia, MAX
ing sTS,S63,350 ordered, OF which about
81 0G0, 900 have yet to come.
Failures for the first week of May
have been s2,97S.9 $50 against ss.9s5.Sa4
last year and s4,l3S,2 in 1896: manufac-
turing sl.411.275 against s1,9is. .536 last
year and trading sl,472,7 727 against sl,-
2S9S5S last year. n
Failures for the week have been 246
in the United States against 264 last
year and "a in Canada against 81 last
year. Is