The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-05-28
TREND DOF TRADE.

EElikI1oL
War-LnrGe outso Of Wheat and sCora
md Increased Railroad Enrning 81 ase
Stimulating Fnctors-WheclinSs Gets a
big, Contract. 4 Z tx
NBW YORK, May Pr. G. Dun
Co.'S weekly review OF trade will! say: III
to-morrow's issue: 81: s
The nation faces war with ;reviving
volume Of business. The west IS doing
Its part and more, but In the !east
also the volume OF business Is now ex-l
pandfng. withcut abatement inSan5l
important line the great outgo OF wheat;
and corn continues 10 stimulate ibusf:
ness at the west, and railroad earnings
show nm increase over last year OF it5.1;
per cent In trunk lines, SIS per cent IN
granger roads and in the other western
rcsds 14.6 per cent, while eastS bound
shipments from Chicago in three weeks
have been 3SS,soS tons. agaInstfl50,SI2
last year and 1G4, ,923 tons In 1897
This Is largely because. of the enor-
nous movement Of breadstufrs. Allan
tic exports Of wheat, flour included,
have been 3. .726, +i2 bushels for theiweelS,
against 1,536,607 last year. though Pa
eific exports were only 92,1S4 bushels
against 3l4,955 last year. Wheat re-
ceipts at the west do not diminish ablt
run far beyond those Of a year ago for.
the week, 4,625,253 bushels. against ~
96s, ,17S last year In four weekssexportsj
from both coasts have been 1858: :374
bushels, against 5,70i,3S4 last year.
On ifsaSf q ~
The marvel Is still the enormous for
eigr buying of corn, exports having;
reached 5,550.595 bushels for the week.
against 1854. .51l last year, and In foiiri
weeks the exports have been 2o,2S5,0aIl
bushels. against 1850, ,09l last year.Y Yet;
corn closes 3.37 cents lower for the
week. although wheat, after rising from
sl.58 to sl.66 for May, fell to $1.46 on iFTi-
day, while July options fell IL cents..
Official and all other accounts agree In
estimating that the wheat yIeldEwiflsb be
remarkably large this year In spite or,
the fact that the California crop has
been much damaged by want OF rain.
Starting this month with the greatest
consumption ever known, the iron in-
dustry has made surprising progress IN;
new orders, which reached about t1O0. 900.
tons In bars, little over 80 600 having
been placed at Chicago and 1900 Sat
Wheeling. w. Va, mainly resulting,
from the extraordinary demand for aE-I
riculturai implements. Heavy con-.
tracts for structural work, includlne
some for New York, which have de-
pended on action OF the city goyerr-i
ment, amount during the week to as;
least 5000 tons, with others reported
at many western cities. Plate con-
tracts. outside OF the heavy. demapd for.
the government, are very large and In
.clude $500 tons for ship yards In Gias-
cow and Belfast. Many structural and
bridge contracts at the west are pending!
with probability Of large orders during
the coming week.
A better demand appears for }textilei
goods, with slight advances I'm print
cloths and a substantial gain In sales
Of staples. n s., 81 ~
Wool sales during the week, have been
only S,74S,le pounds, of which 2, ,4Se, 100
were domestic, against 6,S42.40o a year
ago. and LII. 900 in the same week for;
1892. The manufacturers are largely:
supplied with materials, although some
who have heavy government contracts
are obliged to buy different grades osl
WOO! than those they have in hanSs
Activity In the market Is prevented by
the fact that western holders aimSsss
universally believe in higher prices than
can vet be realized In eastern ninrket5,
SO that purchasing Is very light.
The silk mills are aN busy and the
cotton linen manufacture is making o.
good record for itself.
Failures for the week have EsenEei5
In the United States, agains, 2l$ last
year, and 81 In Canada. against 22ilaata
year. Il at