The herald., 1898-06-04
Dun & Co.'s Review

NEW YORK, June 3.-R. G. Dun q Co.'S
weekly Review of Trade will say tomor-
row:
May having been the fist full month of
actual war, the fact that failures in that
month were smaller, even though but little
than In the corresponding month last year,
,nac ana nearly 10 per cent smaller than in May,
lS96, Is somewhat encouraging. the more so
because year ago the remarkable decrease
IN May gave proof of heavy Improvement
IN business which made the year so graft
fying in general results. Large failures
We're eight in manufacturing for 80. .3S5, 900
TINS year, against thirteen for 81, ,965 900 la st
year. and in trading five for $500 900 against
ten for $l,5T,07 in 1897. Hesitation in ex-
naturally affected weak more than strong
concerns, but 1t soon gave place to steady
and increasing confidence.
Wheat dropped "a cents from the highest
point after the May deal eliminated and
has since been weaker for July, because of
accounts promising an enormous CROP
Ihose who were nearest the truth last
year now predict about 700 900 900 bushels
Tor 1873, and all accounts make the acrea ee
much larger and conditions much better
than a year ago. But with 81 Is still paid
for No. red in elevator, and foreign
market taking 6,294 .49S bushels, flour in
cluded, from Atlantic ports for the week
against 2,165,7S7 last year. and 1855 ,439 from
Pacific ports. against 74929 last year, the
decline evidently FASTENED the marketing
OF the surplus and gives the new crop a
western receipts for the week were 1853 .52O
bushels, against 2.O99. .795 last year, althoug h
the crop has been by some supposed to be
almost exhausted, and corn receipts were
also 7,07649l bushels, against 6,116,52 last
year Exports of corn for the week have
been 1861 S21 bushels. against /, 1926 566 BUSH
els last year, and for the first time In their
history exports of each grain have about
reached 200 200 900 bushels in the same wear.
Woolen nils are encouraged by a some
what larger demand for goods, in part from
government orders, and are averaging
about one per cent better prices for goods
than month ago. There is not much de-
mand for wool, which is still held in the
main above the views of manufacturers
ana prices have declined an average of u
cent for the month.
The iron and steel manufacturer leads all
others in gain over previous years the con-
sumption OF pig iron being apparently more
than million tons per month, or 22S. 900 tons
each week, against 10, ,7S0 tons per week in
May, 1892, an increase of t33 g. MIR cent
Works beyond the Alleghanes are crowded
with business and while some eastern con-
Germs are running part time mostly bar
iniiiS the government demand Is felt more
IN thls section. Above all others in sig-
a,lleahce ca zee Is the wholly unprecedented de-
mand for the agricultural implement works.
winch throw in the shade all their past or
ders, while the plate and rail manufac-
turers are beating all records, partly with
foreign orders, one for Canada having been
placed at Chicago for 12 900 tons. Strucf,
raj work is very heavy, the west furnish-
Ing very large share of it. and in sheet
bars and rods for fencing the orders are
large. Prices of pig have been somewha +
strengthened by the enormous buying or
uers Tor BeSsemer and basic at PittshIrr
and of charcoal at Chicago.
Failures for the week have been 900 in
the United States against 241 last wear and
ID IN canada, against 80 last year.