The daily morning journal and courier., 1898-05-28
WEEKLY REVIEW OF TRADE
NATION FACES VAR HITH REVIV-
 ING VOLUME OF BUSINESS.
The West is Doing It's Part and More, But at the East Also the Volume of Business Is Now Expanding.

Business is Now Expanding.
 New York, May 27.-R. G. Dun & Go.
 in their weekly review of trade to-mor-
 row will say: The nation faces war with reviving volume of business.
 The west is doing it's part and more,
 but at the east also the volume of bus
 mess is now expanding. Without abatement in any important line, the great outgo of wheat and corn con- tinues to stimulate business at the west and railroad earnings show an increase over last year of 15.1 per cent, in the trunk lines S.S per cent, in granger roads 225 per cent, and in other vest
 ern roads 14.6 per cent, while east
 bound shipments from Chicago in three weeks have been 38S,S08 tons, against 150,S12 last year and 164,92S tons in 1892
 This is largely because of the enor- nous movement of breadstuffs. Atlan- | tic exports of wheat, flour included, have been 3,726, ,442 bushels for the week, | against 1,536607 last year, though Pa | cifc exports were only 92,1S4 bushels, | against 4,955 last year. Wheat re- l ceipts at the west do not diminish but run far beyond those of a year ago | for the week 4,625,253 bushels, against l 2,969, IFS last year. In four weeks ex- ports from both coasts have been l3,- STA bushels, against 5,7O4,S94 last year.
 The marvel is still the enormous for eign buying of corn, exports having | reached 5.55Q, ,595 bushels for the week,
 against 1,5S4,511 last year, and in four | weeks the exports have been 20,2S5,09f l bushels, against 9,360,091 last year. Yet
 corn closes 3.37 cents lower for the | week, although wheat, after rising
 from $1. 1.56 to $1.66 for May, fell to $l.46 on Friday, while July options fell IA l cents. Official and all other accounts l agree in estimating that the wheat yield will be remarkably large this
 year in spite of the fact that the Cali | fornia crop has been much damaged l by want of rain.
 The principal clearing houses show | payments on business of all kinds 32.2 | per cent. larger than last year for the l week, and 2.5 per cent. larger than ln | the same week of 1892 This is largely 1 because industries show no such de-
 crease as has been apprehended in l consequence of war, but on the whole
 a gradual gain in the volume of busi- l ness. Starting this month with the 1 greatest consumption ever known, the I iron industry has made surprising | rr-I,i rponh a6 | about 100000 tons in bars alone, over l 5o,000 having been placed at Chicago l and 15,000 at Wheeling, mainly result l ing from the extraordinary demand for
 agricultural implements.
 1 A better demand appears for textile | goods, with a slight advance in print | cloths and a substantial gain in sales l of staples. It is too late for the ques- l tion of cotton supplies during the cur rent crop year to affect the market
 much, and the rise of an eighth on raw l cotton this week makes no important | difference with the manufacture, but l there is distinct increase in the de- mand for goods. Wool sales during the
 week have been only 3,74s100 pounds. | of which 2,4S9,1 100 were domestic, against 6,S42, 400 year ago and 4,222,00O | in the same week of 1892. The manu-
 facturers are largely supplied with ma- l terials, although some who have heavy
 government contracts are obliged to l buy different grades of wool than those l they have on hand Activity in the | market is prevented by the fact that | western holders almost universally be-
 lieve in higher prices than can yet be
 realized in eastern markets, so that l purchasing is very light.
 The silk mills are all busy, and the l coming linen manufacture is making a | good record for itself.
 | Failures for the week have been 245
 in the United States, against PA last
 year, and twenty-one in Canada,
 against twenty-two last year.