The herald., 1898-05-21
Dun & Co. g Review -

NEW YORK, May OR. G. Dun & Co.'S.
Weekly Review OF Trade tomorrow VIII
say:
which are mostly far from probabilities OF
evil, and finding the country moving along
steadily In It's industries, people are grasp
ing the idea that it is throwing away some
months of active and profitable life to wait
until the war clouds have passed. Western
prosperity has so greatly over-ba!anced
timidity of eastern capital that actual busi-
ness done increases; railroad earnings
promise better for May than q month ago
houses for the week in May snow q gam
of $50 per cent over last year and 10 per
cent over 1892, while month ago the IN
crease over last year was 356 per cent anu
compared with 1882, there was decrease
of ~ per cent. Several large contracts
kept back for some weeks because or nos
tilities have now been placed, and instead
Of works closing or reducing FORCES, Re-
turns show the starting of some works long
idle, and increase OF force ana nourS at
others.
Government work occupies many estab-
lishments, but 1t counts for little compared
with other demands.
The key of the situa ton is the prosperity
of the west which altogether unprecedented
marketing of breadstuffs has caused, with
the prospect of good crops to come. Ihese
prospects and actual receipts OF wheat,
amounting to 5,S76,716 bushels for the week,
against 2,439, 1863 bushels last year, with ad-
vances also in other grain and cattle, nave
produced demand for rails, cars, car ma,
terials, agricultural implements, boots and
shoes and all textile goods when was not
anticipated from eastern indications. Ex-
ports of wheat do not diminish, pus IN
three weeks from ATLANTIC ports. nour
included, have been 1856, ,5S6 bushels against
4,77S,747 bV,hels last year, and from Pacirc
ports .73S123 bushels against ,637 BUSH
els last year. The price Of May wheat fell
Az cents on Saturday, rose cents on Iues-
- ptc h cr o
In iron, Notwithstanding the greatest out.
nut ever known, the demand has caused
some advance in Bessemer pig, with only
a slight decline in the price OF grey 1orge
at Pittsburg, but full quotations are OBJ
taIned at Chicago and Philadelphia. In
bars and sheets, the markets are dull, but
at the west are strongly sustained by de-
mands for car building. tin plate manufac-
ture and other uses. In plates and struct-
ural forms all the works are fully employed
and generally crowded for months ahead.
One contract for 5000 tons armor plate Tor
Great Britain has been taken by works iar
inland with another of smaller quantity,
showing that the export demand. In spite
of higher ocean freights, is not yet arrested.
Tin is sustained at $14.5O by large consump.
ton and lake copper at IL cents IN spLoe ~ oOd OF
American production amounting to 22,9O9
tons for the month, 10 per cent larger than
last year, with a slight decrease in the pro-
duction of foreign mines.
The textile works are doing ratner petter'
production for some of large importance,
have recently started again, and print
cloths are sixteenth higher. Numerous
wooden mills have been pushed to new ac-
tivlty by government orders and prices for
few grades of goods are better with a
stronger tone in the market generally, al
though some mills of Importance have
stopped as their orders for the season have
run out. While sales of wool are small,
6,33S 300 pounds for the three weeks past,
against q, ,963. 700 pounds last year, the man
ufacturers have ample stocks although
some are obliged by government orders to
seek in the market grades of wool which
they had not expected to require.
Failures for the week have been $50 In the
United States against 268 last year, and 19
in Canada against 35 last year.