The daily morning journal and courier., 1898-02-26
WEEKLY REVIEW OF TRADE
HESITATION IN SOME LARGE BUSH
 NESS OPERATIONS.

Industrial Production, However, Con-
 tinues Larger Than Ever-A Few More
 Works Added to the Active List-A FRll-
 ing or in Failures Compared With
 the Same Week Last Year.
 New York, Feb. 25.-R. G. Dun & Go. In their weekly review of trade to-mor- row will say: Foreign possibilities have much affected speculation and caused hesitation in some large business oper- ations. possibly accounting in part for check in the rapid advance of wheat, but industrial production continues larger than ever, a few more works being added to the active list, with a decrease in the number of hands on strike, and renewed evidence that the volume of business is larger than in February of any previous year. Nor is there any symptom of a senseless craze based on rising prices. The le- gitimate export and domestic demand presses closer to the capacity of works, and though there is no fiighty advance in any line, and in all narrowness of profit is a matter of complaint, new business for this dull season is unpre- cedented
 Wheat continued it's progress upward until 10S.75 was reached on Monday, but declined three and one-quarter cents later, as if there were fear that | Spain would somehow stop British ves- sels from taking wheat across the Wa ter. There is no abatement of foreign demand Atlantic exports were 1868, | 814 bushels, flour included, for the 1 week, against 1,326,444 last year, and Pacific exports were 1,576,376 bushels, against 36,464 last year, and in view of the current excitement these figures are more important than the aggre- gate for four weeks, 10, ,496,912 bushels, 1 against 6,5SS,41 last year, from Allan tic ports, and 4,053, OPS bushels, against 1,611, ,246 from Pacific ports. Corn ex- less than last year, but the cash price declined but slightly. The spot price of cotton was not affected.
 It is not the season for much i'm provement in textile manufacture, but l the cotton branch has gained by the l closing of the strike in one Fall River mill and by addition of some works at the south The woolen manufacture meets many cancellations, especially ir i goods sold early without definite price 1 but is doing more than ever at this I season, though new business in the 1 higher grades of worsteds and woolens is not particularly encouraging. Sales ] of wool are slow with weakness in 1 clothing, amounting to about two cents ! decline from the highest point, indicat- | ing that mills have at present abund- ant stocks, but some are selling foreign wool in order to take supplies of other 1 qualities. In goods of medium and low grades the demand continues large | The silk manufacture shows remark able increase during the last six months having imported raw material | far in excess of consumption in any previous year, at rate of 120 per cent above the imports in the last census year.
 Shipments of boots and shoes from the east have been much the largest ever known for February, and many l heavy contracts have been made, 250 00( to 900 cases, it is estimated, the lat est reported prices being a shade lower than a week ago and slightly lower than a year ago, though leather is B.: per cent. higher and hides 17.9 per cent higher.
 The iron manufacture has more de. mand for products and slightly better prices for Bessemer pig, which has ad- vanced to $10.40 at Pittsburg, Mtl l Grey Forge unchanged there; loca coke strong at Chicago in spite of some 1 southern weakness, and eastern an. thracite really unchanged, though quo. tations are a shade lower. Minol metals changed but little, tin weaken. ing a shade to IA cents, with larger re ceiots.
 Failures for the week have been 23; in the United States, against 296 last year, and thirty in Canada against if. ty last year.