Virginian-pilot. (Norfolk, Va.) 1898-1911, 1899-04-01
REVIEW OF MARKETS
STATE OF TRADE.
r. g. DUN &C CO.'S WEEKLY RE-
VIEW. IIY

o. 3
(By Telegraph to yirginian- Pllot.)
New York, March SIR. G. Dun g.
Co. in their weekly review Of trade
will sayi
Failures during the first quarter of
1899 have been in amount of liabilities
not more than about s26. $50, $3.50, against
Hl0,142 last year, s4S,OO7, 91O in 1897
%--N ss7. 52h,135 in 1896. While the later
returns may increase the amount FOR
The quarter little, the complete re-
turn which will be given next week will
pc very remarkable in comparison with
that of any previous year.
BUSINESS is not at present improving.
There has been something very like a
check, partly the result of heavy buy
ing since January. first to anticipate
the market, partly caused by the un-
certainty about the operation of many
combinations and shade of doubt
about foreign affairs also had some in
fiuence. The new rule of the Clearing
House banks at New York about taxa
ton OF country checks also causes some
shifting of accounts.
a period Of transition from one own
ership and management to another, and
from one industrial system to another,
when 1t affects many hundred estab
lishments throughout the country, in
/, evitably causes some hesitation in bus
mess. little later the many hundred
concerns may be doing more business
than ever, as they We're Just before
combinations were effected. But at the
point of transition nobody knows just
what to EXPECT.
There is much withdrawal Of iron be-
cause of continuance of high prices is
doubted, because great purchases made
by many works have not been met by
orders. and because works affected by
many other combinations proposed are
moi inclined IN Inv 1orOplV
Prices are strongly maintained at
$15.l5 for Bessemer pig at Pittsburg. the
Valley association having sold 100, 600
tons for delivery in the last half of the
year at $1450, and grey forge is
stronger at S14.4O but hesitation ap-
pears at Philadelphia about mainte-
nance of future price, Chicago is in
active compared with recent weeks
With no sales reported, except 10000
tons at Chicago, rails are quoted 81
higher there, and as much at Pitts
burg. and the sales of $50, 900 tons steel
bilets TO the tin plate company sets
. prices for 100 pounds plate at 81 .05
after July L. Structural demand in
creases. but bar mills at the West and
South are consolidating and are not dis
posed to take'large contracts, although
. the Pittshurg mills are asking 81 so
because behind in their orders For
plates the demand far exceeds the
supply at Philadelphia and Chicago,
and the leading mills at Pittsburg are
full until August or later. In hoops,
cotton ties. tubes and ether products
( expected consolidation affects business.
& Minor metals are stronger for tin at "a
cents. with consuming demand, and for
copper at no cents, ewing to London
speculation,
More evidence appears that the wool
en- manufacture Is not helped as yet by
new comhinat.oas or the prospect of
T11 l,ttt. f,,,r
dizanpcint'ng in many ways though in
dress goods active Sales CT wool were
:0fC3,ico hounds nj three chief mar
fa.s, IN four weeks. against eeT7,s00
pounds last ysn~, then prices were held
atthe tor $3.50, 200 in 1897. when prices
We're being he'd upward and 80 a32 500
;porrs's in 1892 when manufacture was
normal, fndicatir~ta fair but not cx-
troPrdinnry dcnlnrd for goods. Prices
rre said to he cuiet for Ohio Xxx 2Gc.
THE boot end shoe business g again
fefirg bec7r~e OF difference between
prvers and sellers 80 to prices.
The fluctrat'cn Of he wheat market
nave been large ard tend on tho whole
toward higher quotations. Exports at
Atlantic pcrts. flour Included. have been
oTainst o.S92.i95 last year; Pacific D.
as3.6SI bushels. agains. 277l,112: and the
other exports, not given last year.
make the total f7.3l7,0S9 bushels. West
ern receipts have lrecn 12.9i9,Sl5 bush
els. against 9,96S,S73 last year.
Roilroad earnings for three weeks of
March have been Al per cent larger
than lest year. and 9.S per cent. larger
than In 1892. and the eastbound tom
mage from Chicago In four weeks has
been 450.4S8 tons, against 220S1 last
year, and 356.6G5 in 1892. which indicates
quite clearly the remarkable depression
In rates year ago.
Failures for the week have been 1914
in the United States. against 300 last
year, and 20 in Canada, against 81 last
year.
NEW YORK PRODUCE MARKET.
New York. March s1.-Flour, dull but
steady. Rye Flour. unchanged. Corn
Meal, steady. Wheat, spot quiet; No.
2 red. S2lac. Corn. spot quiet; No. ..
42as @4S&c. Oats, spot dull: No. 2,
$685. @33lac. Beef, quiet Cut Meats.
quiet. Lard, dull: Western steamed.
s55O@5.55. Refined. dull. Pork. quiet.
Butter steady: Western creamery, ITO
22c.; do, factory, 12Q14Hc.; Elgins, 22c.:
imitation creamery, 13hQ1Skc.; State
dairy. 14k@20c. Cheese, quiet large
white. 12Q12Hc. Eggs. steady; State
and Pennsylvania. 12c.; Western fresh.
Rio steady: No. 7 jobbing. 5-16c.
Mild steady: Cordova, SG14c. Sugar,
raw. strong and tending upward; fair
refining 3Tsc.; centrifugal 96 test. $3.50
7-16c: molasses sugar, SIC. Refined,
steady.
TRUCK MARKET.
New York. March Si:-Potatoes.