The star. (Reynoldsville, Pa.) 1892-1946, 1899-04-19
REVIEW OF TRADE.

No Cessation In the Demand Upon the Great In
dustries-Iron Mills Rushed.
II. G. Dun & Co.'s Weekly Review
of Trade reports as follows for last
week: There is still increase in .all
legitimate business. and the produce
tive power of great industries in
creases, even though some of their
stocks decline. The sharp reaction in
speculation a week ago In no way af-
fected the producing capacity of fur
naces or mills. and has been in part
recovered, while the disturbance Of
business caused by the formation Of
great combinations has in large
measure ceased. The money market
is in safer and more wholesome con-
dition, and in spite of four heavy pay
ments by large syndicates, amounting
to about $50,000000, has grown easier
The only stringency has been in call
loans.
1t is not owing to speculation alone
that payments through the chief
clearing houses have been so per cent.
larger than In the same week of 1892
and 1898 per cent. larger than last
year. New York transactions far ex-
ceed those of any previous week, ST.
46S, ,502, 100 In amount, but outside New
York the clearings were AIS per cent.
larger than in 1898, and 44.6 per cent
larger than in 1892. The truth is that
no such expansion in the general busi-
ness of the country has ever been seen
before, and II such records only were
considered there would be ground for
fear that a wild passion of trading
had again lifted the whole business
community off its feet. But instead
there Is found surprising Increase in
the chief industries.
Raw silk imports increased 81 per
cent. for eight months of the fiscal
year over last, hides 40 per cent, In
dia rubber 26, tin q and fibers 10 per
cent,
The output of pig iron April / was
245,I4 tons weekly. against 22S, 1875
tons March !, with 1l51lS tons de-
crease in stocks unsold and 16,6OO tons
In warrant stocks, indicating con-
sumption in manufacture of Lose. .043
tons In March. The haste of 40 other
furnaces to get into operation, with
| more weekly, has helped to keep prices
of pig quite steady. although strong.
but the demand for finished products
is far from satisfied. The Maryland
Steel Company has orders for $4,000
tons of steel rails for the Chinese Eas-
| tern.
Plates have sold at $40 for sheared
| at Pittsburg. but the leading mills
| there and mills elsewhere are crowded
Ior months, ana many VIII not quote
| at all. Large contracts were closed
In structural works, one for 5000 tons,
| Just before the advance in prices, but
Chicago orders this week cover 5000
tons bridge work. and everywhere
| there is much business in sight. Bar
and sheet mills are hindered by pros
poets OF consolidation, but the few or
ders for bars are taken just now at
the West; the Philadelphia market is
more steady. Steel bars rose 81 per
ton at Pittsburg, and the heavy de-
mand for sheets makes prices very
irregular. with many orders refused
Wheat advanced about half a cent,
accounts of injury discovered since
April supplementing the government
report Were the worst OF the stories
true. there Is yet spring wheat seed
Ing to make up for deficiencies. though
the season is getting rather late. Ex-
ports have been reduced, Atlantic.
-four included. amounting to 1860 $50
bushels, against 2 093.942 last year.
with other exports SO6.377 bushels.
Corn Is shade stronger. and In two
weeks exports have been 61si.603
bushels, against 8.146.6S1 last year.
Failures for the week have been 1SS
In the United States, against 264 last
year. and 22 In Canada. against is last
year.