The star. (Reynoldsville, Pa.) 1892-1946, 1899-03-01
REVIEW OF TRADE.
Business observation-disclosures Continue
for Iron Prcducts-Large Exports.

Business Unpreeedented-Deman Continue
for Iron Prcduets-Large Exports.
II. G.. Dunn & Co.'S weekly review of
trade reports as follows for last week:
The situation Is without precedent.
business has never been better on the
whole, and in some great Industries
the gain is astonishing. Exports sur
pass last years as much as imports,
though the excess over imports then
was heavy. Failures are smaller than
last year, and smaller than in either
ordinary advance of $4S.75 in tobacco.
the average for the active railway Sc
curlties being a little higher and for
trusts much more, owing to the extra
ordinary advance of 0$4S.75 in tobacco.
Payments through exchanges show a
greater volume of business than ever
before at this season, and nearly one
half larger than in the best of previous
years. The outgo of breadstuffs and
cotton continues heavy. But there are
some who fear that such prosperity
cannot last.
Popular impressions have to be
reckoned with, because they control
events. Yet at every point OF danger
except one the signs are in every re-
spect favorable. The upward rush of
16.5 per cent. in the prices of pig iron
since January l, and 17.6 per cent. in
prices of iron and steel products, does
indeed raise a question whether ex-
ports OF such products may not be
temporarily checked, but IL they could
be entirely stopped. as they are not,
the balance due this country would
still be large. The crush of demand
for finished products, at a time when
nearly all the works are crowded by
orders covering production until July
i or later causes many to refuse to
contract beyond that date, except at
higher prices and rise under such
circumstances may prove the one
thing needful to sober buyers and to
bring into the list of producers other
establishments heretofore idle.
While fairly large capacity of pro-
duction is still in reserve, the demand
now pressing for cars, vessels, bridges,
buildings and pipes is partly to antic-
ipate an expected rise In prices. The
best sign is that the great producers
appear to be anxious to maintain their
hold on foreign markets. although just
now unable to take orders for future
delivery.
Nobody can Judge what the clothiers
may buy as yet. and the wooden man
ufacturers have a very uncertain mar
ket ahead but judge that there will be
and many of the smaller mills are
looking for chances in the wool mar
kets.
Wheat has gained only 1ssc in price,
although Atlantic exports. flour in
cluded. have been 1857, 3G4 bushels
against 2,0S0.417 last year. and includ-
ing other exports, 3.279.736 bushels
against 3.656.793 last year. The exports
have been so heavy that many doubt
their continuance, and yet grain
comes from the farms and then goes
abroad, as II such doubt had no basis
The western receipts during the past
three weeks have been 9.376,473 BUSH
els, against 7,335,426 bushels last year.
Corn has gained but " cent with
smaller demand for export, although
its outward movement will be quite
beyond precedent but for last year. In
three weeks the exports have been g.
015.567 bushels. against 10,931,774.
Failures for the week have been 19f
In the United States, against 233 last
year, and 40 In Canada. against 30 last
Vaar