The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1898-04-30
TREND OF TRADE.

tiostiiities Have not Yet Changed Last
Week, Conditions Wheat siii All.
ranrlng-tiratn Exports Larger Than
Ever Known.
NEW YORK. April Or. g. Dun
8 Co.'S weekly review OF trade will
say Tomorrow:
Hostilities have not as yet changed
last weeks conditions. There Is much
postponement Of orders by men who
do not know what they are waiting
for. and much restriction OF loans by
banks, which are abundantly strong.
All this checks new business, and yet
the volume OF transactions through
clearing houses Is s per cent larger
than In the same week OF 1892, with
no foreign trouble. But this increase
would be much larger but for speculn-
tive stagnatlon here, New York clear
ings being 81 per tent smaller than
In 1892. Railroads ore doing d great
business, 81 per cent larger than in
1859. In April earnings tn us far, and
1879 larger than last year.
Many have been asserting about ev-
cry day for the past two weeks that
the wheat speculation has eliminated,
but the price has In that time advanced
2lEc, SIC within the past week, Re-
ce!pts OF 2,746, $50 bushels at the west
this week, against 1.552,S 75 A. venr ago,
and averaging $50. 900 bushels per week
for January, February and March,
show no exhaustion OF supplies, while
exports amounting to 3,T0i, 675 bushels
from Atlantic ports, against 1869 last
year, and 1861 OK from Pacific ports,
against lS6. 9I1 last year, flour included
In all cases, makes exports for the four
weeks 1908, 76S from Atlantic and q
SSO,o2O from Pacific ports. and for the
crop yeac thus far $50, 66l SIS bushels,
against l27. l5S, 6S4 during the same
months and weeks OF last year. Corn
exports for the week were s, $50
bushels, against 1923, O46, last year, and
for four weeks have been 12, 266, 6sl
bushels, against Il ,25o,2O7t last year:
This makes about 15l. 900, 900 for the
crop year. No such foreign demand
for both grains has ever been known,
and 1t does not seem TO be. satisfied at
all as yet. 4
Confusing accounts about the great
Industries cannot cause surprise In
view Of the contradictory, influence OF
monetary stringency curtailing many
orders, heavy orders by the govern
ment In many branches and all per-
vading confidence that after temporal
~ conditions have passed business Is
going to be better.
Banking caution at the same time Is
stopping work in some iron and wooden
mills. Yet confidence as to the future
hy,gipaSs rnrcac raF,eal ~ ,ar,, r,,-,,
contracts for long time. The week
has witnessed eastern Inquiries for
plate at Chicago, and a general ad-
vance OF s. per ton, with refusal Of
bids By implement makers at Chicago
for bar iron because higher prices In
the future are expected, and eastern
buying Of bars from Chicago car build
Ing, with a shade lower prices at Pitts
burgh for Bessemer pig because the
associated producers hold to agreed
prices. although middle men are selling
ut lower figures. Considerable orders
for steel rails for export have been re-
ceived during the week. With but two
or three structural orders OF conse-
quence the works are fully employed
for months to come.
Woolcn manufacturers are doing
rather better. large government orders
helping some works, while other de-
mnnds are more encouragsnG1Snles Of
wool are about a sixth efSlast years
for April, half OF those In 1896, and n
third Of the sales In '92. Though east
ern buyers are weak, but Country hold
ers are sticking for higher prices.
Failures for the week have been 252
In the United States, against 237 last
year. and l6 in Canada, against 10 las;
wear.