Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1899-04-22
nIIN'S REVIEW OF TRADE.

New York, April 21--R. G. Dun &
Co.'S weekly review of trade will say
tomorrow:
Nothing appears in business or in
money markets to prevent continuance
CT the heaviest trade ever transacted
at good profits. The payment to Spain
is supposed to have caused some rise in
foreign exchange, which would amount
to nothing in any case as balances due
from other countries more than cover
the payment and advance bills against
crops to come forward in July and lat
er will soon be offered. Loans on in
dustrial securities are still at higher
rates than on railway stocks, but on
good commercial paper or railroad
stocks money is in ample supply and
- low rates. Nor have stock opera
tons caused any appearance of pres
sure. The financing of new corpora
tons has passed thus far with less
trouble than had been feared. though
the completion of some organizations
is hindered or has failed The usual
time for financial troubles in the spring
has passed and the usual alarm about
dustries are undisturbed.
The one hindrance in stock specula-
ton is the crops, but the better unof-
fetal reports have supported inference
warranted by the heavy receipts from
the farms in the west and south. Farm
ers do not send wheat or cotton to
market in large quantity when crops
anywhere near them are extensively
spoiled Wheat receipts have been T.
511,343 bushels against 5.206,643 last
year in three weeks of April, and the
Improvement since April LIST is worthy
TO note. Exports have fallen off
amounting from both coasts to only
6,T74,774 bushels, flour included in
three weeks ago, against 10,910.122 last
year, and the price closed but half a
cent higher than last week. Corn is
about steady in price, with a decrease
in exports, natural at this season. Cot
ton rose on Monday with the slaughter
of Liverpool's shorts and closes an
eighth higher.
Nothing but industrial depression is
left to excite apprehensions, but the in
dustries are meeting something very
unlike depression. The kind of lull
that appears in the iron market re-
crowded far ahead with orders. 1t
means very true that many buyers do
not want to contract far ahead at the
high pricese now asked and also that
many orders have been for time with
drawn. 1t also means that manufac-
turers, so crowded that little new bust
ness can be taken, are anxious to get
nearer the end OF their engagements
hafT fivi fnr bo f1tfl, A l.
most nothing is done in pig, though
southern is sold largely at Chicago and
Pittsburg. Heavy demands for bars to
be used in ear and other works cannot
be met at Chicago plate mills there and
elsewhere are refusing orders, contracts
for 5000 to 10000 tons structural work
at Pittsburg and some at Chicago are
taken, though many orders are deferred
and sheets are less active because the
works are generally too crowded. The
coke production is still close to the
maximum. London speculation lifted
tin to 251sc, in spite of AGO tons aar-
rived here, and copper is very strong
and scarce at 1S1sc for lake, with 500
tons brought back from Europe. though
the United States production was only
2l,a1S tons in March.
NGcu VINO uddNo u0tu WOOL SlIuy LOT
more than year are selling freeley at
bottom prices, admittedly the lowest
of the year. Sales at the three chief
markets in two weeks have been 49,
204 ,2S5 pounds, of which Il .937 ,5S5 were
domestic, against 15,906,1o0 pounds in
1892. Territory wool, 100000 pounds.
was sold for export to England, and
$50. 600. Australian in bond, which has
been held here fifteen months, fine wool
being very high there, while cross-bred
is so low that it can now be imported.
With assurance of better prospects for
goods, wooden manufacturers are wait
ing for the effect of various combina-
tons The demand is not at present
especially large, and considerable ma
chinery Is idle. Cotton has advanced
an eighth.
Failures for the week have been 1S4
in the United States against 2O4 last
year, and p in Canada against 20 last
year.