The Forest Republican. [volume] (Tionesta, Pa.) 1869-1952, 1900-03-14
HESITATION IN TRADE.
Dun's Review Said IL Was Not Necessarily
Dish~artenlng strikes Effect
Some Industries.

NEW YORK, March 10.-R. G. Dun 81
Co. s weekly review of trade issued to-
pay, said in part:
A certain hesitation in business with
shrinkage in its volume is not unusual
or unnatural at this season. Ii is not
necessarily disheartening, therefore, if
business is no longer as larga in volume
as ever, but falls behind that o. Feb
ruary or January or that of the CORE.
spending week last year. Strikes in
building trades or of machinists and
others at Chicago affect many industries
and the wages of $4,000 hands. The
remarkable rise in cotton has apparently
met the expected reaction which tends
for the time to repress business. A few
great corporations are striving to hole
prices without regard to present de
mand, hoping that the needs of the con
sumers may prevent reaction and re
new the rise of last year. Wide differ
ences of opinion also exist regarding
the effect of monetary actor by con
gress.
The output of iron furnaces 4darch /
was 292, ,643 tons weekly, against 29S,Ol4
Feb. /, and unsold stocks increased 30,
516 tons in February, making consump-
ton 40,921 tons daily, against Al ,642 tons
in January. Temporary stoppage OF
four furnaces near Pittsburg, by a strike,
and the reduction of output by many
furnaces in blast, perhaps i'll part de-
sired and in part the effect of scarcity
of coke, have supported prices of pig,
and of finished products, the only change
is slight decline in plates. Much busi.
ness is evidently deferred just now be-
cause of doubt regarding future prices
Connellsville coke ovens are producing
2l9, ,221 tons weekly, with 200 0more ovens
soon to be added, but coke is hard tC
get, even at $3.50 for furnace.
Estimates of wheat in farmers hands
March l. 64,000,000 bushels, according
to the American Agriculturist, do not
indicate a lack of supply this year, for,
with $4,000, 900 bushels in visible stocks,
there is in sight nearly as much as a
year ago, when foreign demands Were
extraordinary, and yet the crop year
ended with over 33,000,000 bushels i'll
visible supply This year net exports in
seven months, -four included, have been
Ill ,22l ,S35 bushels, against 1895, ,407
last year, and in February enough to
make about l25, 100000 bushels, against
$1,000, 900 last year, with no indications
of future foreign demand approaching
that of last year from March to July l.
Returns as to condition of winter wheat
are also satisfactory. But of late prices
have been very low, and have advanced
this week nearly 3 cents for spot and
cent for May options.
London wool sales. so long awaited
by spectators here to lift up prices
again, opened with a severe decline OF
~ to 10 per cent, causing such disap
pOintment that much selling is likely
especially as manufacturers who have
held out of the market for some month.
have still too large stocks of wool and
too uncertain market for goods to bC
in haste Prices had previously de
clined little here, but with some trans
actions. The business in goods, though
less active than has been expected, has
been at fairly steady prices as yet.
Failures last week were in amount
$3,4S2,S27 manufacturing S1,11S,651,
and trading 81, ,161, ,211.'
Failures for the week were 205 in the
TTnita6 States oUoinct 1870 oct yaoI. and
33 in Canada, against 81 last year.