Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1898-04-28
Business is But Slightly Contracted,
Although War Has Begun.
VERY LARGE OUTPUT OF IRON.
Production Continues Practically Un-
changed at the Highest Point Ever
Known-The Check to Export Trade.

R. q. Dun & Co.'S Weekly Review of
trade says; War is no longer to be avoid
ed, and business is somewhat contracted
by bankers apprehenslons.
There is no excuse, except want Of nerve
for decline in railway stocks when earn
ings have been 1913 per cent. larger than
last year for the first half of April, and AS
per cent. larger than in 1892, with rail
way tonnage east-bound from Chicago
about 10 per cent. larger than in 1892.
Neither are Clearing House transactions
gloomy. The weeks payments were 1876
per cent. larger than last year and 6.3 per
cent. larger than in 1892.
In no respect can the wheat market be
considered without finding just occasion
for material advance in prices, which has
been 7.25 cents for the week. The eX-
ports from Atlantic Coast ports have been
3,104 1909 bushels, flour included, against
1,19O,392 last year, and from Pacific
Coast points 49,, $3.50 bushels, against 69,-
23O last year, making for the three weeks
of April S,3S9, 492 bushels from Atlantic
ports, against 8 ,5SS, 17O bushels last year,
and from Pacific ports 1922 20 bushels,
against 1851 for the same weeks last
year. The exports of corn during the
same three weeks have been II $40, 1888
bushels, against 10.22l ,lGl bushels last
year, which is strong evidence that the
demand for wheat is in no sense fictitious.
With 10000 tons of Bessemer iron sold
at PittsDurg at 5000, and with dealings in
gray forge unchanged, and sales of 10000
tons to car wheel makers alone at Chicago,
and 10 900 tons at Eastern works of Penn
sylvania; with some at the South for pipe
manufacturers, the enormous production
does not diminish, and the demand for fin.
ished products includes contracts for 5000
tons in the building of two new merchant
ships, with many other contracts in sight
to replace vessels bought by the govern
ment; for two new piers at Key West, 5000
tons; for the Chicago post Office, 5000 tons;
for the Harrisburg capitol 2800 tons; for
car building, including one Of 5000 tons at
Pittsburg; for a government building at
Portland, Ore, 1000 tons; for track eleva'
ton at Chicago, 200 tons; for plates at
Chicago, including one for 1000 tons; for
10000 tons rails to the Maryland Steel
Company, 10000 to be shipped to Siberia,
and 10000 to the Continent: and for 1000
IONS to Pittsburg concern for Quito, with
many structural and implement contracts
of minor importance.
No decrease in prices appears, and the
production continues practically unchanged
at the highest point ever known. although
in Eastern markets the output is ccnsid-
cred somewhat in excess of supply. Cop
per is stronger, with heavy demand for
consumption.
In woolens the heavy cancellations re-
Gently reported prove to be in large meas
IRE requests for deferred deliveries, but a
better demand has been seen during the
past week, in some quarters on account of
large government orders. In cotton goods
the resumption of work by several large
mills has increased the output, and the de-
mand does not appear to have diminished.
The print cloths are at the lowest point
ever known, sales are of considerable vol
ume, and there is at least enough demand
for other goods to prevent any agreement
of manufacturers as to decrease of work
ing capacity.
Failures for the week have been 204 in
the United States against 21S last year,
and 90 in Canada against 81 last year.