The star. (Reynoldsville, Pa.) 1892-1946, 1898-04-27
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TRADE REVIEW.
Enormous Demands For Finished Products
In Iron Price Of Wheat Not
Diminished

II. @. Dun & Co.'S weekly review of
trade reports as follows for last week:
The war is no longer to be avoided,
and business Is somewhat contracted
by bankers apprehensions. There is
no excuse except want Of nerve for de-
cline In railway stocks, when earnings
have been H.3 per cent larger than In
1892. Neither are clearing house trans
actions gloomy. The weeks payments
were 1875 per cent larger than last year
and 6.3 per cent larger than in 1892.
In no aspect can the wheat market
be considered without finding just oc-
casion for a material advance in prices,
which has been 7h cents for the week.
The exports from Atlantic ports have
been 3.104,309 bushels (fiour included),
against 1,190,392 bushels last year, and
from Pacific coast points 435,6s6
bushels, against 63,230 last year, maxi
Ing for the three weeks of April $780,
ie2 bushels from Atlantic ports, against
2,bSS,170 bushels last year, and from
Pacific ports 2,529,62s bushels, against
1881 bushels for the same week last
year. The exports of corn during the
same three weeks have been 11,340. 1888
bushels. against 10.221. .161 bushels last
year, which IL strong evidence that the
demand for wheat is in no sense ficti-
tious.
with 10000 tons Of bessemer iron sold
at Pittsburg for $40 40. and with tho
dealings In gray forge unchanged, and
sales of 10000 tons to car wheel makers
alone at Chicago. and 10000 tons at
eastern works Of Pennsylvania, with
some at the South for pipe manufac-
turers. the enormous production does
not diminish. and the demand for nm
lshed products includes contracts for
5000 tons In the building OF two new
merchant ships, with many other con-
tracts In sight to replace vessels bought
by the government; for two new piers
at Key West, 5000 tons: for the Chi
cago postofflce. 1900 tons; for the Har-
risburg capitol. $500 tons; for car
building. including one of 1900 tons at
Pittsburg; one for government build
Ing at Portland, Ore. 1000 tons. for
track elevation at Chicago. 200 tons;
for plates at Chicago. including one for
1000 tons; for 10000 tons rails to the
Maryland Steel Company; 10000 tons to
be shipped to Siberia and 10000 to the
orient. and for 1000 tons to a Pttsburg
concern for Quito. with many struc-
tural and implement contracts of minor
Importance. No decrease in prices ap-
pears. and the production continues
practically unchanged at the highest
point ever known. although In eastern
markets the output is considered some
what in excess of supply. Copper Is
stronger, with heavy demand for con-
sumption.
In woolcns the heavy cancellations
recently reported prove to be in large
| measure requests for deferred deliver
les. but a better demand has been seen
| during the past week, in some quarters
| on account OF large government orders.
| In cotton goods the resumption of work
| by several large mills has increased the
| output and the demand does not ap-
pear to have diminished. Though print
| cloths are at the lowest point ever
| known. sales are of considerable vol
ume and there is at least enough de-
mand for other goods to prevent any
| agreement of manufacturers as to a
| decrease of working capacity.
Failures for the week have been POI
| in the United States. against 21S last
year. and 20 in Canada. against 21 last
|