Evening bulletin. [volume] (Honolulu [Oahu, Hawaii]) 1895-1912, 1898-08-23
PEACE STARTS UP TRADE
Activity All Along Commercial Lines in
the States.
Failures Show Big Falling of from Last Year
Review Of American Trade by R. G.
Dun'S Agency.

tNO" o'h1 &.NSuob l. 81 I've VIZ
Dun g. Co.'S Weekly Review of
Trade will say tomorrow: The
prospects of peace have had a Gu
rious influence on business con-
tracts, not quite explainable on
common sense grounds. Nobody
really feared disaster or exhaustion
Of national resources, and nobody
feared that anybody else was
afraid of either. Yet orders un-
usual in number and size have
been placed since Spain asked for
peace. In some industries the
gains have been large for about
two weeks, while in some textile
manufactures it has only begun to
appear this week, but involves a
considerable increase in the work.
ing force.
The crop prospects are on the
whole more encouraging, for the
Governments latest report as to
corn is much larger than the COM
mercial estimates, and its cotton
return promises a heavy yield,
while allowance is ma lie for its
habitual error in its wheat return.
Money markets show no signs of
a possible disturbance, securities
are stronger, and there is no harm
full speculation in stocks or pro-
ducts. Rarely has the financial
outlook been more nearly I'm
clouded.
While wheat is 4 cents higher
for the week there is less doubt
than a week ago that it will rule
lower during the coming year. The
general holding back of grain by
farmers and consequent heavy
shrinksge in Western receipts
have reduced the visible supply
below all past records, but every.
body understands that at this date
many times that quantity is al
most within a days run of Chi
csgo. ...
The more effective change is the
decrease in exports, which has
been only 4,237 ,819 bushels, -four
included, from both coasts, against
3,S32,974 last year, showing but
slight increase of half a million
bushels for two weeks, compared
with last year. The price of corn
has declined a shade for cash.
The iron and steel trade fully
supports differences drawn from
recent events. The demand for
steel is 30 heavy that some of the
largest concerns have been buying,
one taking 10000 tons, advancing
the price at Pittsburg from $14.50
Sl5.25, which was at last refused.
Bessemer pig is steady, and other
pig there and at Eastern and West.
ern markets is generally steady,
but rails have been advanced by
Eastern makers to $lS per ton.
The makers of structural beams
have advanced the price 81 per ton
and makers of merchant pipe have
advanced the price 5 per cent,
while plate makers are crowded to
the point of refusing orders, both
East and West, and bars are
stronger, with many mills engaged
for weeks ahead. Illustrating the
demand are reports of orders for
10000 car axles at Chicago, 10000
tons for structural work there and
big orders at Philadelphia for cast
pipe 5000 tons elsewhere. The
Eastern works now appear to be
crowded to their utmost capacity,
as the Western have been for some
weeks. In the minor metals there
is heavy buying.
Textile works have been sleep
ing, but are awakening. The de.
mand for wooden goods is now
much better, although not yet ex
tensive enough to warrant paying
the prices asked for new wool and
nearly all of the buying has been
of old stock. The aggregate sales
at the three chief markets have
been only 5,432,700 pounds for the
week, about third of the sales in
the same week of 1897, while in
1892, for the corresponding week
sales were 7,l64,600 pounds.
For the week failures have been
1876 in the United States against
239 last year, and Is in Canada,
against 3S last year