Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-04-29
nuN'S REVIEW OF TRADE.

New York. April 2S.-R. G. Dun &
Co.'S Weekly Review of Trade will say:
All elements considered, it is not sur
prising that business has not been set
back little The uncertainty about
Samoa and the prolonging of difficulties
in the Philippines might have counted
for something, the rising imports and
falling exports for something, the rise
of foreign exchange by some attributed
to foreign sales of copper stocks, and
the hindrance of manufacturing orders
owing to the recent advance in prices.
But there has been full faith that for
eign difficulties would soon be cleared
away, and the movement in exchange
is generally connected with speculative
rather than legitimate operations, since
accounts of trade still indicate a large
increase Of exports. After every rise
in prices manufacturers have to con-
slider whether hindered consumption
with increased production will make
them difficult, but confidence with
which combinations are formed and
extended still shows prevailing belief
that no danger point is near.
The state of foreign trade justified
confidence rather than apprehension.
1t is the season for the lowest exports
of staples and their prices this year
are extremely low, but the unprecedent-
ed foreign demand for manufactured
products so far compensates that the
excess of exports in March was heavy
and apparently has been in April.
The presence of English merchants
in Boston trying to sell English med
ium wool, which could be delivered
there at about 80 cents at the same
time that English buyers were taking
a little fine territory for export and
German buyers 100000 pounds more
Australian from bond, shows the OBJ
posite trend of popular taste in differ
ent countries. Clay worsteds here
have advanced 71ac and serges SC,
which has given a stronger tone to the
whole market. Fine wool is relatively
cheap here and dear abroad, but con-
cessions make the lowest prices of the
year in all kinds, as heavy stocks car
ried for years some into presence of
new wool, said to be 10000, 900 pounds.
Manufacturers are not now buying
largely, though in four weeks 30,91S,785
pounds were Sold of which 23,315,0S5
were domestic, against 41.712,650 in the
same weeks two years ago, when wool
was rising.
The cotton manufacture has made lit
tie change, and the strikes following
the advance in wages given appears to
have benefited manufacturers not a
little by helping the demand and cur
failing the supply of goods. Cotton is
sixteenth lower.
Without business Bessemer pig is
unchanged at Pittsburg and grey forge
strong at $14.50, though 10000 tons
Southern have been sold here at s14.20.
There are some large structural or
ders. a Philadelphia building for 1900
tons, western bridge for 5,000 Du-
luth elevator and the st. Lawrence
bridge at Quebec. though the general
run of orders in this line is light and
in rails no large sales are reported.
though inquiries for $4,000 tons are
said to be in this market. Advanced
prices are noted in pipe and decrease
in merchants orders, with smaller bus
mess in sheets, and at the west in
bars. pending the completion of the
combination. But the general decrease
in new demand raises the question
whether prices will be maintained after
current orders run out.
Failures for the week were 1S4 in the
United States against 262 last year, and
% in Canada against Is last year.