Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1898-04-09
DUN'S REVIEW OF TRADE.

| New York, April 8.-R. G. Dun q
| Co.'S weekly review of trade will say
| tomorrow:
When everybody is asking whether
it is to be war or peace. the state CT
business is not easy to judge. Since
nobody can judge just how wise bank
ers may be in an emergency, there is
some uncertainty, but thus Tar scarce
" any stoppage whatever on manufac-
turing concerns appears, nor any lndl-
cation that the producing force is
likely to be diminished, nor is any such
symptoms to be seen in business re-
ports. Evidence of existing conditions
is not confusing or unfavorable. So
far banking conservatism has not
caused failures, which continue smaller
than for many years, as in March, nor
has it caused stoppage OF any manufac-
turing concerns nor lessened the vol
ume Of business reported BY railroads
in tonnage, or clM.rings at principal
points.
The wheat Outgo counts for much
and continues, Atlantic exports having
been 2.240.172 for the week against l.
521 ,122 last year, and Pacific l,226,5l4
bushels against 1885 last year.
Since corn exports continue, 3,483, $50
bushels against 3,323.277 last year, the
strength of the demand is not to be
attributed to speculative agencies. 1t
is fortunate that western receipts OF
wheat do not fail short of the extra
ordinary gain. but are still 1901 800
bushels against l7S9,110 last year, SO
that the stories OF the nearly exhausted
supplies of wheat are fables for chill
dren. The price rose steady and clos
ed &c higher for wheat, with corn 1c
higher. At the same time the exports
of cotton are extraordinary, though
Just now deferred by the caution which
causes larger shipments by rail to New
York instead Of outside from gulf ports
!, Fer four weeks it has averaged $4,000
! 600 per week greater than in 1895, from
| the largest crop ever known, in spite
| of the fall in price, which has not
! changed during the week, in spite OF
many reports of decreased production.
In such conditions heavy industrial de-
| mands for a great force of operatives
have been effective. The truth is that
every great industry meets enormous
! over production compared with CORE
| spending demands in any other year,
| however prosperous, and yet nearly all
| are keeping almost their whole force
! employed and some are increasing
| force. One branch of wooden manufac-
| ture, two carpet mills have stopped, or
| are about to STOP as it is between sea-
sons. but much complaint Of cancella-
| ton because of higher prices and pos
| sibly in some cases because of inferior
] qualities, has not been followed by
reduced production. Sales Of wool are
(, insignificant and prices have declined
two cents for finer grades, and one
! cent in the average for all quotations,
only because spectators wholly under
| estimated stocks held by manufacture
| erS.
In the iron and steel industry. with
demands greater than ever before from
general sources, urgent orders from
| the government enlarge work, but do
not advance prices.
| Disasters in trade shown this week
| by separate branches of business for
| the month of March and also the first
quarter Of 1898, make the best report
! that has been possible for five years.
1t is interesting to note that nearly all
! branches of business show surprising
| movement Meanwhile banks are ex-
tremely cautious, and commercial
leans are but 10 per cent. Of their ag-
gregate The belief that quick expan-
SIGN in all branches would follow
greater liberality and patriotism by
! banks, is not wholly unfounded, and
| the heavy receipts of gold from Europe
counts for little, compared with the
greater or less liberality in loans by
| banks. Disturbance does not yet APP
pear, however, and failures for the
week have been 232 in the United
States against 252 last year, and 80 in
/ Canada against So last War.