The star. (Reynoldsville, Pa.) 1892-1946, 1898-03-30
Business Not Anected by the Increased war
Preparations.

r. @. Dun e. Co.'S Weekly Review OF
Trade reports as follows: A waiting
state of things always hinders business
to some extent. With more than s3i,-
100000 gold received or on its way
since this movement began, with am
pie bank reserves and treasury re-
serves, and a redemption of notes in all
ways nearly a third smaller than in
February to date, with no stringency In
the money market and sterling ex-
change weak. with the volume of bust
mes at clearing houses outside New
York larger than In 1892 by 60 per cent
this month, and with failures nearly 30
per cent smaller than last year. and 81
per cent smaller than in the same
month Of 1892, there is not much visible
ground for panic, even II earnest eff
forts should fail to keep peace with
honor Warlike reports come every day
and stock operators make the most OF
them, and yet the average of prices OF
railroad stocks is s5S 0S against $53 "a
two weeks ago to-day. Some decrease
In new engagements would be expected
with war apparntly near, but as yet
scarcely any Indication Of decrease for
that reason Is seen. 1t Is difficult to
take dismal views when the nation 10
surprising all records In marketing
products. Atlantic exports of wheat foi
the week have been 2,l60.S26 bushels
against 1,272.2S6 bushels last year. and
In four weeks 9,302,5l4 bushels (iour In
cluded), against 5,lO3427 bushels last
year. with Pacific exports 4,232.03!
bushels. against S99.242 bushels last
year. The price has declined 2B cents
but the heavy shipments and contracts
tor export are having constant infiu'
nee.
Domestic exports from New York In
two weeks have been $9.10S,00O or 3Is
l,., Lost IL
imports have been scarcely larger
foreshadowing exports again exceeding
S100. .000. 600 for the month, and $24,OOO.CW
over imports. In such conditions nc
stringency in money Is needed to brins
money hither.
Sales of wool have been only Hail..
600 pounds In three weeks at the three
chief markets. against 46.6o6,SU last
year. and prices are yielding, witb
sales Of old wool hc to 1c below current
quotations for clothing. and no indica'
ton that manufacturers are nearing
the end of their stocks. Cancellations
are numerous, but in proportion to or
ders. smaller than for Ave years past
and find natural explanation In an ad'
vance OF prices greater In some lines
than distribution seems 70 warrant
Yet the mills are nearly all fall m
orders for some months to come, and
rather colder weather appeared. The
Iron and steel industry Is more fully
employed than ever before In Its his
tory. and although production OF bes-
semer pig 10 beyond all precedent. the
price advances. and billets are still
bought In open market by some OF the
largest producers. Other pig Is steady
In price, and no decline appear In nm
Lshed products excepting steel plates a
the East. but for these demand at Chi
sago 10 enormous. as for cars and agrt'
cultural implement materials pending
orders for cars covering 500 10 1,ooS
each, The structural demand during
the drst quarter was 20 per cent larger
I than In the same quarter any previous
year. and II 10 said the demand for pips
10 swelled BY pending contracts tor In
miles.
Faiiures for the week have been SSl
In the United States, against 291 Ian
year. and u n caaadA ssaapH p ~