The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1899-04-29
BUSINESS
is BOOMING
RIGHT ALONG
Despite the Fact. that Some Elc.
incnts OF Trade Appear to
be Unfavornblc.
THE STATE OF FOREIGN TRADE
Justiftcs Confidence Rather Than
Apprehenslon.-.Some An.
omulous Conditions.

| NEW YORK, April 2s.-R. @. Dun &
Co.'s weekly review OF trade wifi say:
AL elements considered It Is rather
set back a little. The uncertainty about
Samoa and the prolonsing OF difficulties
In the Philippines might have counted
for something, the rising imports and
falling exports for something. tho risa
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
clgn difficulties would soon be cleared
nway, and the movement In exchange
Is generally connected with speculative
rather than legitimate opera tions since
accounts OF trade still indicate a large
Increase Of exports. After every rise in
prices manufacturers have to consider
whether hindered consumption with in
creased production win make them diff
cult but confidence with which combl-
nations are formed and extended stlll
shows prevailing belief that no danger
point Is near.
The state OF foreign trade Justified
confidence rather than apprehension. It
is the season for the lowest exports of
staples and their prices this year arc
extremely low. but the unprecedented
foreign demand for manufactured pro-
ducts so far compensates that the cx-
cess OF exports In March was heavy,an
apparently has been in April.
Wool Trade.
Tho presence OF English merchants in
Boston trying to sell English medium
wool which could be delivered there at
about 81 cents at the same time that
English buyers were taking a little fine
territory for export. and German buy
ers Of 100000 pounds more Australian
from bond. shows the opposite trend Of
popular taste in different countries.
Clay worsteds here have advanced TIC
and serges &c, which has given 4
stronger tone to the whole market.
Fine wool Is relatively cheap here and
dear abroad. but concessions make the
lowest prices OF the year in all kinds as
heavy stocks carried for years come
into presence Of new wool, said to be
3oo.0o0.O0O pounds. Manufacturers are
not now buying largely though in four
weeks So,9ls,7S5 pounds were sold, Of
which 23,S150s5 were domestic against
4.712,660 pounds in tho same weeks two
years ago. when wool was rising.
Iron and Steel.
Without business Bessemer pig Is still
unchanged at Pittsburgh and grey forge
strong ut S14 so, though 10000 tons Of
southern have been sold here at sl4 20.
There are some large structural orders,
Philadelphia building for 1900 tons, a
western bridge for 5000, Duluth eleva-
tor and the St. Lawrence bridge at Que
bee, though the general run Of orders
in this line Is light and in rails no large
sales are reported. though inquiries for
10000 tons are said to be in this market.
Advanced prices are noted in pipe and
decrease in merchants orders with
smaller business in sheets and at-tho
west In bars pending the completion Of
the combination. But the general do
crease in new demand raises tho ques-
tlon whether prices will be maintained
after current orders run out.
Failures for the week were 1s4 N tho
United States against 262 Inst year ana
% In Canada against 16 last year. *