The age-herald., 1900-03-17
DUN'S WEEKLY
 TRADE REVIEW New Financial Law Has Had
 Very Little Effect 
 GRAIN MOVEMENT FADING The Efforts to Excite New Confidence in Higher Iron Prices Have Not Succeeded Not Single Quo-
 tation Has Advanced
GRAIN MOVEMENT FADING

New York, March 16.-R. c. Dun & Co., weekly review of trade tomorrow will say; The new monetary act which was signed and took effect on Wednesday has not af-
 fected business percepdbly yet. Designed
 as a barrier against future harm, 1t was by some expected to have immediate in- 1uence through provisions regarding bank
 circulation. While $2, 2,1OOOOO will be added
 to New York circulation, the increase thus
 far indicated will be mainly interior, af- fecting the chief monetary centers only by lesseninlg reliance upon them when
 more currency is wanted. The grain move
 ment is fading in importance. Corn ex- ports have been in two weeks only D. ,102 against 7,126,533 bushels last year, though prior to March 32, ,623 bushels were exported against 99S54,94 last year. The wheat movement is failing behind Jess than it has been in recent weeks owing partly to large Pacific shipments. Atlantic exports in two weeks have been 3,099 ,354 bushels, flour included, against 6,229, AT last year, and Pacific exports 2,566077 against | 1,427,376 bushels last year. While govern
 merit estimates of wheat in farmers hands l showed a sufficient quantity wtsln the vis- fble supply to meet besides all home re- 1 quiremenbs as large foreign demand as l those of last year, and yet have a large surplus, there is no reason to expect that l last years foreign demand will be equalled. | The price advanced 11sc for the week and
 corn advanced kc
 St. Louis efforts to excite new confidence l in higher prices for iron have not had the desired effect While various markets are called ct uuo hac ad-
 vanced, but tank plates at Pittsburg are l a shade lower at 2 cents. Eastern grey forge has sold there in considerable quan- ] tity at s2O.5oa21 for local forge, and south l ern No. l foundry is selling here at $22.75, against 23.50 for northern No. 1. Bessemer I pig Is still held at $24 at Valley mills, l though small lots are abtainable at Pitts l burg at $24.5O. Many large contracts are | mentioned as in prospect. but not one is 1 closed, except a structural contract for the l government printing office
 l Much work is deferred because of the | builders and machinists' strike at Chicago, | and because of doubt whether prices can l be held with the output exceeding consump- 1 tion over one thousand tons per day. Cop 1 per is strong and shade higher. but large l arrivals have caused some decline in the l tin market. It is not strange that higher 1 prices have been asked for most cotton I goods, with the market for raw cotton | higher than 1t has been since January 10, l 1893, and the break in its price did not go | far enough to change the situation. With l print cloths at 312c against 4.06 early in i 1885, standard and southern sheetngs AGD12c | lower and gnghams 1c lower than in 1893, l the mills would be asking more if they 1 had not taken large supplies of cotton be-
 fore the rise in February.
 The disposition to order goods ahead Is
 much affected with much doubt about 1 prices, and consumption would probably be 1 affected if present prices were to continue. l Sales of wool have been only [ 2,590 pounds | in two weeks Manufacturers have such l supplies that they buy only to piece out 1 for special want, and the best dealers re- l port that a yielding of l cent would be re-
 quired in order to affect sales, as quota 1 tions are really nominal for lack of trans | actions.
 The market for hides at Chicago Is weak 1 er though the decline Is not larger Fail- 1 ui-es for the week have been 19S in the | United States, against 1S9 last year, and 23 | in Canada, against 30 last year.
 BRADs TREET's REVIEW
 l New York, March 16-Bradstreet's to- | morrow will say:
 | Trade advices are as a whole cheerful | and the strength of values >ds apparently 1 unabaited, though some soft spots still pre- | sent themselves. A prominent feature this l week has been the increase of strngth in values of farm products nearly all the | cereals, pork products and cotton advanc- | ing, while for manufacture and the products l thereof, have generally remained steady or | unchanged.
 The government report on the quantity of | corn in farmers hands showed smaller
 than expected supply, and quite an out | break of speculative interest occurred, 1 sympathized in by wheat, and both cereals