Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-05-11
DUN'S REVIEW OF TRADE.

NEW YORK, May 10-R. G. Dun &
Co.'S Weekly Review of Trade to-mor-
row will say:
A panic in Wall street does not
mean that legitimate business has sud
denly ceased to prosper, nor is the con-
dition of mercantile trade and manu-
facture adversely affected by violent
| change in prices of securities. Through
out the entire country fundamental
conditions were never as sound as at
the present time, exports from nearly
every city this week showing an excep-
tionei volume of transactions, and pay
ments promptly met.
Production is not overtaking demand
at the finished steel mills and all Pitts
burg plants are two months behind
orders, while ninety days is the limit
at many. Although the expected adj
vance in bar iron did not appear, the
tone continues firm and orders are lib
eral. Billets remain at the top point
for prompt delivery, but reasonable
terms are available on forward con-
tracts. In structural shape and railway
equipment there is all the business in
sight that makes desire and no effort
is made to secure additional orders.
Less urgency is recorded in pig iron
markets, but buyers do not find terms
more satisfactory and in fact forge
and foundry iron is rather more firmly
held. Although the total number of
furnaces in blast on May list was forty
smaller than on February l. 1900, the
Iron age estimates the weekly capacity
at 301. 125 tons, which exceeds all pre-
yious high water marks. The activity
OF steel manufacturing Is emphasized
by the decrease of 1929 tons in fur
mace stocks during April, despite the
unparalleled production.
Less sensational events transpired in
the cereal markets than in the preced-
ing week, although quotations are
slow to recede. Corn eased off a few
cents, but is still about ten cents a
bushel, or nearly Is per cent above
the quotation at the corresponding date
in the two preceding years. Western
operators continue to entertain strong
views and appear little daunted by the
larger receipts attracted to interior
cities by the unusually profitable prices
offered. For the week arrivals aggre-
gated 3,247.094 bushels, against 2,196,-
POP last year. Foreign purchases have
been driven out OF the domestic mar
kets by the high quotations and Allan
tic exports for lie week have been
1,21f,244 bushels, compared with 3,709,-
$50 a year ago.
Shipments of boots and shoes from
Boston rose to an unusual point, ag-
gregating 103.328 eases for the week
against 1881 in tie previous week and
6S,151 in the corresponding period last
year The total movement since jan
uaTy LIST is now 10000 cases below 1900
to date and far above any other year.
Recovery in the price OF cotton was
only temporary, and heavy liquidation
OF options was accompanied by fall
In spot middling uplanGs to the low
est figure recorded this year. Even at
a loss Of 50 bale, compared with the
quotation prevailing a year ago, there
is little disposition to secure raw ma
terial, either by domestic or foreign
spinners. AS the enc OF the crop year
approaches there is no sign of the fam
inc predicted by many experts earlier
in the season and with most monoton-
GUS regularity. port receipts continue
two or three times as large as in the
same week last year. With a large
gieiu proOGole This year ana unSaLlS-
factory conditions at the mills there is
no inducement to hold stocks. The sit
uation is similar regarding wool and
woolens. Raw material is abundant
ana d large clip probable while manu-
faeturers have only a light demand for
goods.
Failures for the week numbered 1877
in the United States against 1872 last
year, and % in Canada against Is last
year