Wheeling register. [volume] (Wheeling, W. Va.) 1878-1935, 1901-03-16
DUN'S REVIEW OF TRADE.

NEW YORK, March 15.-R. G.. Dun
& Co.'S Weekly Review OF Trade to-
morrow will say:
Improving wheat crop reports, a pig
iron production seldom exceeded,
strong cash prices for all iron and
steel products that can Je delivered,
heavy grain exports at good prices,
| activity in minor industries and a mon
ey market that imposes no hardship
upon business, comprise the bright
side of the picture OF the week. Threat
ening labor troubles seem more re-
mote. The textile markets, long back
ward, have again failed to respond to
the general confidence in commercial
circles. A slight recovery in cotton
was not held, and the goods market
shows a decline in a month from sac
to sac in standard brown sheetings,
&c to 21c In wide sheetings, sac 10
512c in brown drills, and sac to SIC
in staple ginghams.
Steel mills are still much behind
their orders and contracts for Besse-
mer pig for July delivery indicate that
! the activity is not considered temper
airy. Yet the wide difference In quota
ton between immediate and distant
dates suggests some fear that present
high prices cannot be maintained.
While the various pools and associas
tons are extremely conservative about
advancing nominal list prices, actual
business continues to be transacted ut
premiums which vary according to the
urgency of purchasers. Structural ma
terial Is still a feature and the rapid
development OF newly opened oil fields
is causing an unusual demand for
plates, pipes and drilling machinery.
Steel rail contracts have been increas-
ed and railways need rolling stock.
Pig iron production, according TO the
Iron Age. has increased to 292 ,s99 tons
weekly, which is about 5000 tons be-
low the high record Of February /,
1900. 1t Is surprising to find, uespite
an output at the rate OF over 15,000.-
900 tons annually, that further stocks
decreased 1921 tons during February,
making the total 53j, 443 tons on March
LIST, against 670,531 tons five months
ago.
Boot and shoe shops are well occl-
pied, eastern factories having their full
capacity engaged in some cases up TO
September LIST, and even the less for
tunate makers have contracts for some
months. Leather is active and we'll
sustained, especially for hemlock sole.
Slight Improvements in special lines
OF textiles are occasionally noticed,
but prices are maintained with diff
Guilty. Print cloths were reduced an
other eighth without ac~celerating op.
e~rations. and Fall River mills are
preparing to curtail production. Heavy
brown cottons have been depressed ard
a reduced output is possible in this
division. Aside from a little better
recorder business In light) weights,
reports are not OF an encouraging
nature from the wooden mills. Fur
Their declines are reported In WOO, max
Ing a material ali since the month
opened. At the last concession Boston
holders exhibit an inclination to re-
fuse bids, and there IL more Indiea-
ton OF steadiness than preyiousl thls
season.
After the long continued season OF
sagging prices for cotton, the market
seemed ready for a reaction and Mr..
Mills's circular was issued at what
seemed TO be a propitious moment.
But ii fell fiat in this country and the
1lhAA6 bt@R0tS1 At A<AFEA R|DA WaS D4ttl%
Predictions of a visible supply OF only
$50. 900 bales at the end OF the crop
year and requirements exceeding 49,
0000,00 bales. are not endorsed by the
course of domestic spinners. who have
materially reduced their takings or by
the heavily decreased foreign demand.
Moreover. the estimate that that cur
rent yield would not exceed $500 o
bales. is on TO question in view OF
the amount already In eight and the
free movement at southern ports. The
decline from the top price Of the sea
son now amounts 70 s16.25 per bale,
taking the quotation 1852 below the
level a year ago. Prospects for n good
winter wheat yield are considered
bright. Official reports OF supplies On
the farms March / showed the expected
loss compared with last year, but .
good gain over recent years prior to
1884.
Failures for the week were 200 ~
the unfted States against 100 last Tear,
ard q 4 Canada aga1nst n last yeer.
x xN&%M #s