The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-04-14
"FRIGHTFULLY SMALL"

Are the Reports of New Business in
Finished Iron Products-Heavy
Wholesale in Dry GOods-ExpOrts
of Wheat Large.
NEW YORK, April 1S.-R. G. Dun &
Co.'S weekly review of trade tomorrow
will say:
Iron furnaces in blast April / produc-
cd $50, ,4S2 tons weekly, against 202,645
March /, but unrolled stocks increased
., $50 tons A mistaken inference, pos
sibly fatal to many in its consequences,
is that stocks held by consuming con-
Germs must be running down, AS the
contract for their supplies months ahead
and such supplies whether delivered and
not consumed or waiting their orders at
furnaces, would not be reckoned in un-
sold stocks, the surplus owned by con-
sumers may be heavy. For new busi-
ness in finished products Is reported TO
the Iron Age from Pittsburgh as
"friEhtfully small, owing TO the beilet
that high prices cannot be maintained
and no better report comes from Phlla-
delphla. With No. l anthracite y low,
er. refined bars 81 and steel plates $i
pcr ton lower than in December it can
hardly be called impossible for prices to
WELD. though many are so far tlrmly
held. Pittsburgh reports n number OF
the plato mills shut down, and hVe
PennsyIyania and Ohio furnaces have
stopped, perhaps for repairs, more than
baIanclng 1--WE which started In March,
two in Tennessee adding $500 tons
weekly.
Boot and Shoe Industry Fell Behind.
The boot and shoe industry also falls
behind in output, and is closing some
works and running many others part
time. because prices are higher than re-
tallers yet seem ready TO pay.
A heayy wholesale business has been
done in dry goods, but the question now
rs whether retail distribution will 1usu-
~ II. AS yet returns are not satstac-
tory. there Is increase but not enough
10 warrant the buying from mills. WOOL
cns md worsteds are dull, with cOnceS-
sions m fnncies, though staples are well
sold IN and firm. The material declines
further average nearly half n cent low
or than April /. There is the same un,
certainty IN cotton goods to ret9ll
distribution, with quite as much doupl
whether the prices will be maintained
though the material has again 6eeh ad.
Ynnced n sixteenth I'm speculation, But
exports in March were IN value $SS,u9e.-
75S, a gain over last year OF Ssi,Szo'ego,
so rapidly has Europe suppiieu 'ts
needs,
Supplies of Money are Abundant.
This enormous gain made exports Of
the chief staples SlS.63i,S33 greater In
value than in March last year. though
decrease occurred in other items. Yet
only n fraction Of the gain was In cot
ton shipments from New York leaving
mo other great Increase here 10 be eN-
nIulned by manufactured exports NAM
iv. In spite OF the heavy balance due
on merchandise account there mas pepn
ink of gold exports and small amount
has gone to Bucnos Ayrcs on European
account. Supplies Of money are apun,
dant here, the banks have again gained
lnrgcly, rates are low and commerclal
demands narrow and the interior ~ pet-
trrprcparcd than ever TO do without AID
Exports of Wheat Surpass Last Year.
The exports Of wheat from both coasts
continue larger than last year, though
much of the grain is at Pacific ports, not
directly Affecting Atlantic supplies.
Fiagr Included Pacific exports IN two
v,pi,s have heon lblS.2jl bushels,
nrainst 56t .56s bushels last year. but At
Iantic exports have been 3,9l2,S57 bush
ris against 1850 $50 bushels last year In
spltr Of ali reports OF cXhpnstlon OF sup
ply and injury 10 growing wheat west