Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1898-03-17
All Industries Seem to Be Gaining in
Strength Despite War RumoFS.
DEMAND ALSO INCREASING.
Wheat Exports Continue as Though
There We're No Limit to the Sup
pIy-Weekiy Output of Pig iron
Shows Decided Gain.


hindrnce, but some have been rapidly
gaining for the past week and month.
The railways are gaining even while spec
ulators reselliug their stocks and the de-
mand for products of all the great indus
tries is increasing. More gold is coming
from Europe than is needed, Sl0,S6S, 0O0
having been ordered during the past
week. and money markets are nowhere
alarmed or stringent, though reasonably
more cautious.
The country rests assured that its in
dustries. almost all of its business, the
foreign demand for its products, especially
all its resources, are beyond the reach of
any foreign power, and that its honor and
foreign interests are in safe hands.
The greatest of all industries is sending
grain forward as if there were 10 limit TO
the supply. Wheat exports have been
III. I97 bushels, flour included, against
!. 26S.l7l last year from Atlantic and Pa
cifc ports and for two weeks 7,462, 100
bushels against S,0l6, $40 last year. EX-
ports Of corn, in spite Of smaller yield,
have been 7,7O6,694 bushels in two weeks
against 8 ,33G, 500 last year, when they far
surpassed all records Wheat declined
= cents, but corn did not change during
the week.
Cotton declined an eighth, sales of fer
tilizers indicating less reduction of average
this wear than was expected. Exports OF
printed products in February were SOL
6I3,Oql in value, with increase over last
year about 50 per cent in breadstufs, 20
per cent. in cotton and % per cent, in the
aggregate.
The weekly output of pig iron was 22S,-
33S tons February l, but 234, 430 March !,
and the increase Of unsold stocks in Feb
ruary was only 1852 tons weekly, leaving
225, $50 tohs weekly for export or con-
sumption, against 2IS, 457 in January and
2l5,2l9 in November, 1885, the month OF
greatest consumption before this year,
For four months production has gained a
little, but consumption still more, and if
preparations for war last only few weeks
they will add much TO the demand.
Other consumption, for railroad cars, OF
which two roads have ordered $500, for
vessels on the lakes and elevators and oil
pipe lines, for agricultural implement
works and for sheets, is beyond precedent,
and structural and rail works are crowded
with orders, though now receiving few.
Iron bar works are depressing prices be-
cause some are not fully employed, while
the steel bar mills at Milwaukee have to
out on three eight-hour turns daily 10 keep
with orders. Prices are very strong ex-
cept for wire nails, which dropped because
the great wire combination fell through,
though smaller agreement is now cX-
peated and in some Western dispatches is
sid to have been formed.
The minor metals are generally strong
er in demand, a sale Of 100000 pounds
of copper being reported at - cents,
though the usual quotation is 1l.S7. end
the product last year was 9o5,02l tons,
against 2l9, $50 consumed in the country.
Tin is strong, at 14.25, and spelter at Al,
out lead is weaker, at 377!, and tinPlates
at $3.50 for the best, against 81 for foreign
Sales of wool for the week have been the
smallest since the week of greatest alarm,
in August, 1856, but not because any mills
have stopped work. Cancellations are fire.
quent and iobbers have evidently failed to
sell as much as they expected at the adj
vanced prices asked, but even those would
not be possible had wool cost the millers
current market prices.
Little wool can be moved, with new
clip near and heavy stocks still in mills,
without further reduction. Goods are now
lower in qualities less well-known, though
unchanged on standard grades. Cotton
goods have large distribution and prices
are generally steady, though in outside
dealings print cloths are shade lower.
Prints are in demand Failures for the
week have been 2lS in the United States,
against 30 last year, and SO in Canada,
against 81 last year.
Bradstreet's says; Continued activity
in nearly all lines of distributive trade, but
more particularly at the larger cities of the
West, South and the far Northwest, con-
tinues 10 be the most favorable feature
coming under notice. That the demand
for dry goods, groceries, hardware, iron
and steel and its various forms and build
ing material is relatively most active atthe
West seems evident from the sighttone Of
disappointment in reports from leading
Eastern markets, where business isreported
moving less rapidly than at the interior.
Other favorable features include tine
heavier foreign demand for wheat and
-four, as indicated by increased exports
over last week and last year, and bank
cIearngs heavily exceeding corresponding
periods Of previous years, though smaller
than III recent weeks. Less favorable fea
lures are few, numbering chiefly weaker
tone in prices of fe@ staples hithert:
marked by extreme frmness, but chiefly
perceptible in quotations for some makes
Of coarse cotton goods, print cloths, raw
wool, the demand for which is reported
slower than at any previous time this year
wheat, which has been affected by war ru
mors and the growth Of the impression
that the worlds wheat supplies at presen
prices Will suffice, coffee and sugar.
The volume of busine S in the iron ant
steel trade is reported very large, witt
relatively best reports coming from tho
. Wet pi,t ;,o,, ,,,oIuciiOr, shows fI1r