The Salt Lake herald. [volume] (Salt Lake City [Utah]) 1870-1909, 1898-05-28

New York, May 27.-R. G. Dun &
Co.'S weekly review of trade will say
in tomorrow's issue: The nation faces
war with a reviving volume of business.
The west is doing its part and more.
but at the east also the volume Of bust
ness is now expanding, without abate-
ment in any important line. The great
outgo of wheat and corn continues TO
stimulate business at the west and rail-
road earnings show an increase over
last year of Isl per cent in trunk lines,
SIS per cent in granger roads and in the
other western roads 14.6 per cent, while
eastbound shipments from Chicago in
three weeks have been 3SS,90s tons,
against 150,S12 last year, and 1888 tons
in 1882. This is largely because OF the
enormous movement OF breadstuffs. At
lantic exports of wheat, flour included
have been 3, 726, 442 bushels for the week.
against 1856 bushels last year,
though Pacific exports were only 92,1S4
bushels, against S14,S55 bushels last
year.
Wheat receipts at the west do not di-
minish, but run far beyond those of a
year ago-for the week 4,623, 253 bushels
against 2,969,173 bushels last year. In
four weeks exports from both coasts
have been 13,6s1,S74 bushels against
5,704 334 last year. The marvellous fea-
ture is the enormous buying of corn,
exports having reached 5,550,955 bushels
for the week, against 1.584,5I1 last year,
and in four weeks the exports have
been %, 2S5, 097 bushels against s,So0,e91
last year. Yesterday closed 3.3I cents
lower for the week, although wheat
-four rising from S1.56 to $l-66 for May,
fell to $1.46 on Friday, while July OPP
lions fell IA cents.
Offlcial and all other accounts 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 damaged for want of rain
Starting this month with the greatest
consumption ever known, the iron in
dustry has made surprising progress in
New Orleans, which reached about lOo,-
900 tons in bars alone, over $4,000 having
been placed at Chicago and $4,000 at
Wheeling. Mainly resulting from the
extraordinary demand for agricultural
implements. Heavy contracts for struc-
tural work amount during the week 10
at least Is, 900 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 shipyards in Glasgow and
Belfast. Many structural and bridge
contracts al the west are pending, with
coming week
a better demand appears for textile
goods, with a slight advance in print
cloths and a substantial gain in sales Of
staples.
Wool sales during the week have been
only BIAS, 100 pounds. of which 2,4S9, 100
were domestic. against 6,0z2,4 400 year
ago, and 4,211, 900 in the same week of
1892 The manufacturers are largely
supplied with material, although some
who have heavy government contract.
are obliged to buy different grades of
wool than those they have in hand.
Activity in the market is prevented by
the fact that western holders almost
universally believe in higher prices than
can be yet realized in eastern markets,
so that purchasing is very light.
The silk mills are all busy, and the
coming linen manufacture is making a
good record for itself.
Failures for the week have been 245
in the United States, against IA last
year, and Il in Canada, against p last
year.