The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-07
TREND 4 :llj OF TRADE.
The Coming OF tl,s War Hurt Loss fhaii
{ It's Apprshsnsion--The Sensational itiis
In Wheat-Induatrie, Slim ulntcd.

Tho Coming OF the War Hurt Loss That
It's Appr,hsnsion-Ths sensnt nai Ifiss
in wheat--Induatr.e, Stimulated. j3
NEW, YORK, May CIR. G. Dnd q
Co.'S weekly review OF trade win sarI
tomorrow: A state OF war was 10
greatly dreaded by those who. have seen
nothing like 1t for more than thirty
years thnt its coming has hurt less than
Its apprehension. Especially since the
Victory at Manila which indicated the
superiority of the American navy, gun
for gun. expectations that the war wili
not last long has Influenced all markats
and stocks have advanced, the average
OF prices for railroads 81 70 per shate
The general condition OF business has
been materially improved. onef days
work by the officers and men at Manila.
has given many days work to thou
sands OF people at home of whom they
knew nothing and has placed all Amer.
lean industries on aTstronger footIng for
any conceivable future.
! The fact that gold is now. used al
most exclusively between the treasury
and the clearing house indicates the
entire freedom from apprehension abolit
the currency or public credit.
The most sensational Of all changes
and the most practically important Ibis
been the rise in wheat-thIrteen; cents
during one days session. twenty-ohe
and one-half cents from Tuesday 10
Thursday night. and twenty-five a4d
one-nalf cents for the week-throwtng
in the shade all past advances and IN
expectations, though reaction os one
and one-hal; cents naturally followed on
Friday. Western receipts after aver
aging less than o,500.oO0 bushels Eer
week for four months, have stidderlyl
risen to more than 3,5eO,V00 bushels.
Exporters have not been checked BY
higher prices as yet, but have CAUSED
them, amounting for the week I'd 2093, !,
3SS bushels flour Included against y
49S, 167 bushels from Atlantic ports last
year and bos.SiS bushels, against $500
from Pacific ports. The remarkable rise
on Thursday was largely due 10 s,re-
moval of duties by France and to the
prohibition of exports By Russia both
showing the extraordinary reeds
abroad, so that the rise OF twenty-fye
and one-halt cents for the week Is mot
without excuse. Corn failed to advance
correspondingly. though the exports
were 5000. 900 against 2.725, ,043 last week
Industries have received a wonderful
stimulus from the conviction that hos.
tillties will not last long and from
heavy government orders. Besides great
demand for steel plates and otherliron
products and ammunition, the govern
ment has ordered $500, 900 yards 'woolen
cloths, 125,000 blankets, 100000 & yards
cotton goods and great quantities tot
provisions and other supplies and
meanwhile reviving confidence has null
tiplied other demands. Four large mer-
chant ships have been ordered from
the Delaware works, plate mills { are
crowded and at the same time one gess
tabllshment far in the interior Is bind
Ing on a foreign order for 5000 tons.
while car and rail works continue To
receive large orders and demands FOR
agricultural implements and fsncina
go beyond the ability Of works In Come
cases.
Textile establishments have been re-
ceiving larger orders within the past
few days, outside those from the gov
ernment so that the stoppage or reduc.
tion Of time In four woolen mills early
In the week may have been premature
No decline whatever appears IN tlie
prices Of staple cloths or dress goods
and the heavy auction sale Of carpets
was eminently successful In clearing
off at fair prices an accumulat ton Re.
sultinG from IN advance In prices last
January which was not supported q by;
demand. Wool has declined about half
cent in April, taking the average ROT
one hundred quotations by Coates Bros.
and the better demand for goods Has
caused more inquiry. but thus ifarsIno
Improvement in. prices. Print cloths
have again made new low record, ]. DC
but a better market Is seen fos other
cotton products. ss
Failures for the week have been asS
In the United States, against 22lz last
yearH and twenty-five In Canada against
thlrty-si1 last year. ss