Omaha daily bee., 1898-08-20
REVIEW OF STATE OF TRADE
Remarkable Expansion Of Business Follows
the Close Of the War.
GRAIN SUPPLY UNPREcEoeNreDly LOW
Iron Industry While Reporting De.
cIines I'm Product shows More
Surprising Gain Than Any
Other.
NEW YORK. Aug. 1s-R. G. Dun's Re.
view Of Trade tomorrow will saw:

NEW YORK. Aug. 19.-R. G. Dun's Re.
view OF Trade tomorrow will say:
A war which brought no shripkaee Of
BUSINESS while 1t lasted has brought with
KS ending quiet, remarkable expansion
orders aud purchases lave increased in
nearly all branches, few as yet being OF
such nature that they can be attributed to
tue material enlargement Of trade with the
lately acquired Spanish islands, which must
come little later.
1t is odd that the iron In Iustry. while
reporting declines in products, shows more
surprising gain In business than any other
Both returns of output August 1 show CON
siderable decrease from tuly l. but moro
than the entire decrease is caused by the
stoppage OF two Shenango and four Ma
honing furnaces under agreement to force
higher prices for Dessemer pig In all other
states showing change the output increased
excepting of the one furnace in Virginia.
The demand for finished products EXPANDS
remarkably. considering the enormous orders
10 July l. which crowd some Of the biggest
works until December. Structural orders ir-
clude many bridges and the drainage canal
contract Tor 1000 tons at Chicago: plates
and bars are In stronger demand; nails have
advanced cents and beams and angles as
much; bars are 10 cents at Pittsburg. Tin
plate works which require 10000 tons ber
month have been buying 100000 tons of bars.
and steel works there have bought 125, 900
''S VI P'6' AoASA6 ZIG prize u SlU,4U. Lrdy
forge also advances and eastern anthracite
and southern pig at Chicago have advanced
% cents.
There is a general advance in the minor
metals. copper to 12 cents for lake, lead to
$4.O71A, and while tin and tin plates are
unchanged both are stronger Shipments Of
boots and shoes In three weeks OF August
are the largest ever known, though but Ia
per cent larger than in 1895, being 10 per
cent larger than last year and IS per cent
larger than in 1892. In spite Of general re-
fusal Of buyers to pay advances asked, pur-
chases are continuous and keep works busy
many having ordered a month or two ahead
Leather has slightly yielded in some grades
with scarcely any buying ahead Of neces-
sities and hides were a shade lower last
week and have not changed. There appears
gradual accommodation Of prices of ma
terials to the necessities of boot and shoe
Such an adjustment is needed in the
woolen industry, for some mills are closing
and others are selling old stocks of wool,
present orders for dress goods not warrant
ing present prices for material. Yet other
mills in equal number are starting on dif-
ferent lines of goods, and in dress goods
instead OF 80 per cent plain large propor-
tion of fancies has been taken, though
heavy auction sale, Just announced, may
affect the demand. OF cotton mills also.
though few have stopped. quite as many
have started, and the demand for staples is
increasing and in. prints and ginghams is
fairly good. The yielding in cotton to 5 rs
cents helps the mills and is not surprising
with the present prospects of u great crop. |
Wheat has further declined cents in
spite of general holding of better grades by
which renders receipts low and the |
visible supply small beyond precedent. At
76 cents now Atlantic exports for the week
have been 3.059,3S0 bushels. flour included |
against 3,705.2S7 bushels last year. and Pa
rifiC eyDOrtS 175 400 blShels apainSf 2Sd SfS |
bushels last year, making for three weeks |
0,115,246 bushels. against 10, O,453,S32 bushels |
last year Corn exports are gradually de- |
clning and prices are 9 cents lower, rather |
larger estimates Of yield being now credited |
Failures for the week have been 1874 in ]
the United States, against 223 last year, and |
seventeen in Canada, against thirty last |
year.