The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-16
TREND on TRADE.
Sam, IIlndr.nes IN Du,lnt,, No.ie,.bl.,

Same liindranee In business Noticeable,
Indu,trl.. arc Doing weli-Eaormou.
Export. OF Grain Coniinn..
NEW YORK. April 15.--R. G. Dun &
Co.'S weekly review. OF trade tomorrow
will say: 3si
There Is some hindrancc In business,
and vet the volume of payments
through clearing houses Is still I'D per
cent larger than last year., and outside
New York about 80 per cen. larger
than last year, and outside New York
about 90 per cent larger than In 1892.
though speculative stasnation here
makes the aggregate lower. New York
banks may now realize that they are
strong enough for all possible cmcrsen-
cles. and mag give the government val
liable aid by greater freedom In bust
ness loans. Sound New York banks are
not In the least alarmed about the bust
ness situation, nor have they any occa-
sion for alarm.
The industries are. doing well be-
cause they have enormous orders taken
In February and March. or carlier,when
sure operations for periods varying
from fortnight to several months. But
the new orders upon which they have
TO rely II partial ssoppage or closing of
many works Is to be prevented are just
now restricted by apprehension about
the money market and the possibility OF
loans. ii5i q
In the iron business foreign orders for
six large vessels are pending In eastern
ship yards and actual orders for cars
alone cover 10000 tons basic steel at
Pittsburgh. Angles have been advanced
81 per ton and structural works are all
crowded with orders; while pipes are In
heavy demand
The staynation In wool is something
rcmarka bic. the total sales at three
chief markets having been only 1,1S2,l44
pounds, against 9,60G,600 last year. and
in the first half OF April only S,SS5,O4
pounds. against 222,cI6,00O a year ago.
Manufacturers: are still waiting. al
though somewhat encouraged by
rather better tone In the clothing trade
OF late. They have ample orders for the
present In most lines; though not in all.
Wheat rose five and one-half and held
two and one-half cents for the week, al
though Atlantic exports for the week
have been 3,o45,2Ol bushels, flour In,
cludcd, against SIs.791 last wear and
Pacific reports s27,36S bushels, against
1906 last year, The total from both
coasts for two weeks OF April has been
1,S19,l36, against 3,05T.iS2 last year. The
receipts from western farms show some
decrease for The week, but, for two
weeks are only about 100000 bushels
smaller than atycar3ago. Meanwhile It
is astonishing thatreceipts of corn con-
tinuc remarkably heavy for the week,
more then million bushels larger than
last year, and for two weeks more than
1850, 900 bushels, and the exports for the
week have been 4,6j3,0sl bushels,
against e,70S.72S last year, and for hals
OF April S.146,6Sl bushels. against g.
02e, 0l5 last year. Such extraordinary ex-
ports OF corn so far to show that the
outward movement OF wheat Is b. no
means OF a speculative character nor
likely 20 diminish speedily. The official
report shows that exports IN March
were 15,459,5T5 bushels OF wheat, -four
included. against 1901. 100 last year. and
In nine months from the principal port,
163,9O9,1S0 bushels, against lS2,6I6,i GS
last year. Meanwhile the exports OF
corn In the nine monthsshave! been 1885,
a05,934 bushels, against 135,63i ,223l last
year.
z The volume Of legitimate business Is
enormous and meanwhile failures are
remarkably small. For the week they
have been 25i in the United States.
against e0I last year, and eighteen In
Canada against thirty last wear