Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-02-19
r. G. DUN & cos REPORT.
Exports Exceed Imports Wheat Holds Up
Iron Business Better Failures Few.

New York Feb. 1N.--R. 6. Dun X Eo.
in thcir weekly review of trade will say:
The dreadful disaster TIA the Maine. mUcti
as it has affected all hearts has not
much affected business. Nothing has oc-
CURED to check The incrcas" in pruduc
tion or in working force. The proposal
of 4 general strike in tn" cotton mills t"
support the N"W Bedford strikers unts
NOT mus far seem likely /" meet much
Response. An adNauc" of 10 per cent. IN
wages by som" of the GoGcbic mines is
expected to b" general throughout the
Lake region. excepting the MeSahi dis
trct. ana prices of ore from other ranges
this year have been advanced l. per cent.
with an allotment of 6.ED,0oo tons ont
side the Carnegie mines which brtokcnS
an output much tn" largest ever known.
Exports exceeded imports in January
by so .GS6 GAG. and in the past six mont MS
by $3.50, i07.642: the customs and Internal
revenue in Il days Of February are more
than $2.30o,o01 larger than in the same
part of january. and the %.'Do.0n i'm
ports of gold in January are already ex-
cceded this month. Wheat has risen 3as
cents. and exports continue 50 heavy
that a material advance is natural. At
lantic exports in three weeks have been
S.i1bi35 bushels. -four included against
5.2Gl.91l. last year. and Pacific exports
have been 2,l16h52. against l,47i.7N2. last
year Such shipments. with heavy en-
gagem"ntS for the future. in spite of IL
4%e.N'l bushels of corn exported against
l2.3o,2l bushels in the same weeks of
last year. are conclusive proof of the
urgency of foreign needs.
Wheat receipts hold up Well. though
not exceeding last years as much as cX
ports in three weeks 1.715,l6n bushels,
against i.HS47i0. last year. The bottom
fact is that the world needs wheat. which
this country only can supply for about
six months to come. Cotton has held un-
changed for spot. though it'll" lower
for options prospects of d"cr"aS" in the
next Yield being tlc main support.
Tho IRON output with reports nf stocks
on hand not held by the great steel com
pani"S. indicates consumption at least 5000
tons per week greater in january than
the previous maximum attained in
November. 1895. Minor details have adj
vanCcd. tin to li20 on considerable con-
summing demand. up J.. for Lake on heavy
exports. AMI lead to $50 and Sprltcr To
i.l0 on speculation, but failure to organ
IL" tho tin pool causes weakness. Am,li-
can selling: at 81 and lower at tn" West.
Shipments Of boots and shoes from
f"St"n in February have been The larG
- ever knoWu 1T thjs; season. exceeding
th"-v Of 1875 h. T.. prr cont. amd those of
1882 by II per cent. and heavy buying is
reported in Woman's light shoes. better
IN amy previous year. som" makers have
sold half til" annual product in mems
shoes. though others have done It'll" or
nothing. unHhl" t" grt prices they desire,
The range of prices for mems boots and
shoes has advanced an average of about
~ cents per pair. Leather is practically
unchanged. and hides chang" very littlr
at Chicago with Colorado ana Buffalo
Il shade lower.
In tn" cotton market pro luctiou is rc-
StriCtcd by strikes and some grades are u
shade drai,'r. The recent opening of high
grad" Wooltn& ut advanced prices meets
less demand than MAS cXp"ttrd with
less activity in lower grades and un"N-
prctedly numerous concentrations i'm light
weights. indicating; burger buying than
CONSUMPTION has vet warranted.