Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-03-26
DUN'S REVIEW OF TRADE.


Co.'S review of trade will say in to-
morrows issue
A waiting stage Of things always him
ders business to some extent With
more than s34,00o,O00 gold received or
on its way since this movement began,
with ample bank reserves and treas
ury reserves, and a redemption of
notes in all ways nearly third small
or than in February to date, with 10
stringency in the money market ana
sterling exchange weak, with the VOL
ume CT business at clearing houses
outside New York larger than In 1897
by SO per cent this month, and WIN
failures nearly 80 per cent. small -"
than last year and 50 per cent. small
er than in the same month or lS92,
there is not much visible~groud for
panic. even if earnest EFFORTS snouid
rail to keep peace with honor. war
like reports come every day and STOCK
operators make the most OF them,
and yet the average OF prices railroad
stocks is $53CS against So3.ZU TWO
weeks ago to-day. Nor have lndurtrlal
operations been perceptibly affected
except where extraordinary buying Tor
some weeks past has made necessary
a pause for breath, SO TO speak, or
where unnatural prices had caused
halt before the destruction of the
Maine. Some decrease in new engage
ments would be expected with war APP
parently near, but as yet scarcely any
indication of decrease for that reason
t. &c, tn taEQ GjSln
views when the nation is surprising
all records in marketing products. At
lantic exports of wheat for the week
have been 2,160,S26 bushels, against
1.272,2S6 last year, and in four weeks
9,3C2, 514 (fiour included) against o.
103, 420 last year, with Pacific exports
1922 ,032 bushels against 699,242 last
year The price has declined to 2sc.
but the heavy shipments and cent
reacts for export are having a con-
slant influence
Corn has decliened only small
fraction with exports not a sixth low
er than year ago to date. Cotton has
fallen a sixteenth in spite CT large eX-
ports. Domestic exports from New
York in two weeks have been $9,10S,
Geo, or 37S per cent larger than last
year, while imports have been scarcely
larger, foreshadowing exports again
exceeding s100,0G0,000 for the month
and $24,C00,C00 over imports. In such
condition no stringency in mony is
needed to bring money hither.
Sales of wool have been only Hail.
Geo pounds in three weeks at the three
chief markets, against 1865, 800 last
year, and prices are yielding with
sales of old wool % to 1c below cur
rent quotations for clothing, and no
indication that manufacturers are
nearing the end of their stocks. Yet
the mills are nearly all full of orders
for some months to come and rather
more demand for gods is seeen since
colder weather appeared. Some prints
have weakened, but ginghams are firm
and the better grade of dress goods are
sold we'll ahead The iron and steel
industry is more fully employed than
ever before in its history and al
though production of Bessemer pig is
beyond all precedent, the price ad-
vances and billets are still bought in
open market by some Of the largest
producers. Other pig is steady in price
and no decline appears in finished pro-
ducts excepting steel plates at the
East, but for these demand at Chicago
is enormous, as for cars and agricul-
tural implement materials, pending
orders for cars covering 500 to 1900
each. The structural demand during
the first quarter was eighty per cent.
larger than in the same quarter any
previous year, and it is said the de-
mand for pipe is swelled by pending
contracts for 125 miles. Minor metals
are comparatively quiet, tin at 1913
cents. lake copper at IL cents. lead
firm at 3.7c and nickel in heavy de-
mand at 81 cents.
Failures for the week have been Psi
in the United States, against 291 last
year, and q in Canada against so last
year.