The herald., 1898-05-07
Dun & Co.'S. Review

NEW YORK, May 6-R. G. Dun & Co.'S
Weekly Review of Trade will say tomor-
row:
A state. of war so greatly dreaded by
those who have seen nothing like it for
more than thirty years that it's coming has
hurt less than its apprehension. Especially
since the victory at Manila, which indi-
Gated the superiority of the American navy,
gun for gun, expectations that the war Yfll
not last long have influenced all markets,
and stocks have advanced. The general
condition Of business has been materially
improved, and these conditions have given
work to thousands of people, and has placed
all American interests and industries in a
better condition for any conceivable future
The fact that gold is now used almost eX-
clusively between the treasury and the
clearing house indicates the entire free
dom from apprehension about the public
credit. The most sensational of all changes
and the most important has been the rise
in wheat-13 cents during one day, 21la cents
from Tuesday to Thursday night, and 25ia
cents for the week-throwing into the shade
all past advances and all experiences,
though reaction of y cent followed on
Friday. Western receipts, after averaging
less than 2,5O0,0O0 bushels per week for four
months, have suddenly risen to more than
$500 900 bushels. Exports have not been
checked by higher prices as yet, but have
increased them, amounting for the week
to 2'oS4 $3.50 bushels, flour included, against
year, and 559,s4S bushels, against 99,5O8
bushels from Pacific ports. The remarka-
BILE rise on Thursday was largely due to the
removal of duties by France and to the
prohibition of exports by Russia both
showing the extraordinary needs abroad,
so that the rise of 251s cents for the week
Is not without excuse
The Industries have received wonderful
stimulus from the condition that hostilities
will not last much longer, and from heavy
government orders. Besides great demand
for steel plates and other iron products and
ammunition, the government has ordered
$500 900 yards Of woolen cloths, 125, 900 blan-
kets 100000 yards cotton goods and great
quantities of provisions and other supplies
and meanwhile reviving confidence has
multiplied other demands. 1t is due to do
nestle conditions that orders of the Rus
sian government for two big war ships have
been taken by the Cramps and orders for
rails for Mexico have given a good start to
the rebuilt Colorado works. Four large
merchant ships, however. ordered from the
Delaware works plate mills are crowded,
and at the same time one establishment far
in the interior is bidding for foreign orders
for 5000 tons, while orders continue for ag-
rfcultural implements and fencing goods
beyond the ability of the works In some
cases. Textile establishments have been
receiving larger orders within the past
few days. outside Of those from the gov
ernment. SO that stoppage or reduction Of
time in four woolen mills early in the week
have been premature. Wool has declined
about half a cent in April, taking the aver
age of 100 quotations by Goats Bros, and
the better demand for goods has caused
more question, but thus far no more i'm
provement in prices
Failures for the week have been 2Ss In the