Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-03-18
nnM'i REVIGW>Q9 TRADE.

NEW YORK March 17.-R. G. Dun d
Co. s weekly review Of trade will say to-
morrow:
In business this year can not be COM
pared with any ether. 1t can he sad that
payments through the principal clearing
houses for the past week nave been ga
per cent. greater than in 81 and $50 per
cert. greater than 1858, but that exagger-
ates the gain in some branches OF busl-
ness. While in others It falls far short of
the gain. Thus the February exports OF
manufactured products have about dou-
bed since 1892. Om.tting New York
clearings. where speculation in stocks is
most active, payments through the othes
principal clearing houses for the same
week show an increase of $40 per cent.
over 1892, and I'll per cent over last year.
But without regard TO such details all
realize that the volume in all branches IS
the greatest ever known.
The national prosperity rests on more
solid foundations. The exports of bread
stuffs, provisions, cotton and Oil in Feb
ruary showed decrease of $6,OO0C0o
Other exports. mainly manufactured,
were S96 415 943 in value against S1,2U 395
last year, and were sufficiently large to
cover sixty per cent. of the entire imports
The merchandise exports exceeds imports
for the month 1913, ga III, the gold supply
increasing and there appears no occasion
for monetary disturbance. The treasury
recorded it's first payment of the 100000,
Central Pacific railroad, having previously
received $54G00,CC3 for the Union Pacific
and over $4,000 for the Kansas Pacific.
Swiftly rising quotations for iron and
it's products would mislead If it were not
kept in mind that more than nine-tenths
of the iron manufacturing capacity is en-
gagged, and will be until July or later, in
the execution of orders taken months ago
at low prices. If million tons of pro-
ducts go out this month. 100000 at such
prices as SIS to $40 for steel rails, at which
the entire output of the Illinois Steel COM
pany for this year was sold some time ago,
it hardly indicates the true character OF
the iron business that less than 1O0to0 tons
are going out at such prices as SIG to SIS
per ton for steel rails made here for small
lots this week Belated buyers now have
to pay fancy prices to get orders accepted
at all
Withdrawal or postponement of business
because CT high prices begins TO be a sig
nificant feature, and much foreign bust
ness is evidently lost, though there are
small sales for export. 500 tons of pipe
for South America and 500 tons of bridge
material for Burmah.
The Connellsv.lle coke works, with an
output of 80 tons weekly. and many
operating Sundays to catch up with or
ders. have advanced prices only l5c.
Wool sales at the three chief markets
have been only 4,S55,eo0 pounds, of which
2,761, so were domestic, against 5.0lS.290 in
the same week of 1892, of which $500. 200
were domestic; but prices are soft, ard
some dealers are said to have yielded as
much as TWO or three cents per pound
clean because nobody can guess what ef-
feet the new combinations may have.
Prices are largely nominal, and yet there
is somewhat better demand for goods.
Nor has the strong demand for cotton
goods been helped by the weaker market
for cotton, which has fallen to 6.31 cents
in spits of the volume of reports about the
bad condition of the late picked product
The pr.ce of goods mas been strongly adj
vanced. and is held. but yet depends on
the price Of cotton.
The market which has lost most Is that