The daily morning journal and courier., 1898-01-15
WEEKLY REVIEW OF TRADE
TEAR HAS OPENED WITH VERY SAT-
 ISFAOT0RY PROSPECT.

It Is All the Better That There is No Wild
 Excitement in the Speculative Markets
 The Wheat Market Cautiously Languid-
 Foreign Trade an Encouraging Feature.
 New York, Jan. 14.--R. G. Dun & Go. In their weekly review of trade will say: The year has opened with very satis- factory prospect. It is all the better that there is no wild excitement In the speculative market, and while stocks advance little. grain yields a little. No little stir in the market has been caused by the announcement that the Western Union has purchased lines owned by the government of Mexico, and that the Manhattan company will equip its plant to run trains by electrici- ty. Beyond the speculative influence of such statements, there is the conviction that capitalists of Influence are disposed to invest largely upon belief in future prospects.
 The wheat market has been curiously languid. yielding A of cent, although Atlantic exports amount to 6056,7SS bushels, for the two weeks of January against 3,9S6S17, last year, and Pacific exports for the week have been 19S6,676 bushels. Corn exports continue large, though not equal to last year, amount ing to 3.136,6S8 bushels against 4,147. .652 for the week last year, and the price declined about A of cent. Spot cotton is sixteenth lower for middling up- lands, mainly because of the stoppage of some of the mills by difficulty about wages.
 most encouraging feature is the report of foreign trade, the principal ex- ports amounting to $SS, ,4S0r for the month of December against $S1, ,63S, ,S65 last year, when the aggregate of all ex- ports was s117.000,0O0. The increase | promises an even larger excess of ex- l ports over imports for the month than was expected and in spite of, decrease of $4,000,000 in cotton, nearly all due to fall in prices, and some decrease in oil for similar reason, the increase in provisions and in breadstuffs has caused an increase which for the calendar year | Ao puls suVVVVU. 4NSW OIh GApOllS III | January thus far are smaller than last year,Swhile imports in January are also smaller, but at this season a larg- CT proportion of the exports goes to other cities
 The iron furnaces in blast January 1 report an output of 22s, eos tons weekly, against 226,024 weekly December 1, with an increase of 12, 481 tons In the un- sold stocks held by furnaces.
 | The Pennsylvania railroad has order l ed 100000 tons of steel rails, and new railroad in Maine 12,O00 tons, and other orders for cars, railroad supplies plates, bars and structural material are unusu, ally large for the season.
 The woolen manufacturers have been buying wool largely and for reasons not publicly explained. It is expected that large orders have been taken by the leading mills and that prices which they find satisfactory and the rush of small mills to buy wool has made most of the market during the past week, although the sales have declined about 40 per cent, compared with the previous week But there is decidedly demand for men's wear goods, and the makers look for ward to good season.
 l The cotton manufacturers, heavily overloaded by excessive production, find no increase in demand and no gain ir prices
 The boot and shoe manufacturer ship ped more cases from the east during two weeks of January than ever before
 but it is receiving few new orders, al
 though in brogans and womens light
 goods the orders are enough to run tht factories for. some time.
 Failures for the past week have beer
 349 in the United States against 455 las
 year, and 45 In Canada against Il las
 year.