The star. (Reynoldsville, Pa.) 1892-1946, 1898-06-01
TRADE REVIEW.
0utgo Of Wheat and Corn Continue to stirs-
ulate Businesa

r. G.. Dun e. Co.'S weekly review of
trade reports as follows for last week:
The nation faces war with reyiving
volume of business. The West is doing
It's part and more. but at the east also
the volume OF business is now expand
ing. Without abatement in any i'm
portant line, the great outgo of wheat
and corn continues to stimulate busi-
ness at the west and railroad earnings
show an increase over last year of ISL
per cent in trunk lines, S.S per cent. in
granger roads. and in the other west
ern roads, 14.6 per cent, while east
bound shipments from Chicago in three
weeks have been 3SS, sos tons. against
15O,Sl2 last year and 16i,923 tons in
1892.
This is largely because of the enorm-
Gus movement of breadstuffs. Atlantic
exports of wheat, flour included, have
been 3,126,442 bushels for the week,
against 1,536,607 last year. though Pa
cific exports were Only 92,1S4 bushels
against 3l4,955 last year. Wheat re-
ceipts at the west do not diminish, but
run far beyond those of a year ago
for the week, 4,625.253 bushels against
against 2,969,lI3 last year. In four
weeks exports from both coasts have
been 13,69l,S14 bushels, against 5,704, 1884
last year. The marvel Is still the enor-
nous foreign buying of corn, exports
having reached 5,550,595 bushels for the
week. against 1,5s4.511 last year, and in
four weeks the exports have been 20.-
2sS,09I bushels, against 9,360,091 last
year. Yet corn closes 3.37 cents lower
for the week. although wheat. after
rising from 81 56 to 81 Sc for May, fell
to 81 46 on Friday, while July options
fell IL cents. Official and all other ac-
counts agree in estimating that the
wheat yield will be remarkably large
this year in spite of the fact that the
California crop has been much dam
aged by want of rain.
Starting this month with the greatest
consumption ever known. the iron in
dustry has made surprising progress in
new orders, which reach about 100000
tons placed at Chicago and $4,000 at
Wheeling, mainly, resulting from the
extraordinary demand for agricultural
implements. Heavy contracts for
structural work. including some from
New York, which have depended on
action of the city government, amount
during the week to at least $1,000 tons,
with others reported at many western
cities. Plate contracts, outside of the
heavy demand for the government, are
very large, and include $500 tons for
ship yards in Glasgow and Belfast.
Many structural and bridge contracts
at the west are pending. with probable
ity of large orders during the coming
week. A better demand appears for
textile goods with slight advance in
print cloths and substantial gain in
sales of staples.
Wool sales during the week hive been
only 3,74S. 100 pounds. of which 2,4S9, 100
were domestic. against 6,S42. 400 a year
ago and 4,2l1,000 In the same week OF
1892. The manufacturers are largely
supplied with materials, although some
who have heavy government contracts
are obliged to buy different grades OF
wool than those they have In hand.
Activity In the mrket Is prevented by
the fact that western holders almost
universally believe in higher prices
than can yet be realized in eastern
markets. so that purchasing Is very
light. The silk mills are all busy, and
the coming linen manufacture Is maxi
ing good record for itself.
Failures for the week have been 245
In the United States. against 214 last
year, and 2l in Canada, against 22 last
year.