The age-herald., 1898-01-22
WEEKLY REVIEW OF TRADE Volume of Business Remarkable
 For Time of Year. FEW INDUSTRIES LAGGlNG Apprehension Regarding the Monetary Future No Longer Felt Outside of Speculative
 Circles s-Export Trade Good.
FEW INDUSTRIES LAGGlNG

New York, Jan 21.-R. G. Dun Co.'S. weekly review of trade will say today:
 With volume of business remarkable for the time of the year. 3s per cent. larger than a year ago and 1O.4 per cent. larger than in 1892 on the payments through clear ing houses, it is not discuraging that one or two industries are tagging The demand for most goods is more heavy Tor the season, manufacturing works are better employed and orders booked and in pros pect for the future are more encouraging than at this season in any other year of which equally definite records exist. Ex- ports of products continue surprisingly heavy in spite of some rise in prices. Treasury receipts from customs were larger in twenty days of January than In the entire month of October or Novem- Der and apprehension regarding the mone- tary future is no longer felt outside of speculative circles. Failures are considefa- ply smaller than they were ever known to be at this season, both manufacturing and trading, less than half of last years. Railroad earnings in January thus far re- ported have been 17.6 per cent. larger than last year and 10.S per cent. larger than in 1892 The rise of wheat above dollar in
 
 of speculative excitement. In fact, the continuance of extraordinary exports, 2,s45, 7o5 bushels, four included, for the week from Atlantic ports, against 1,57S,2l5 last year and for three weeks 9,002, ,493 bush els against 5,559,532 last year, besides 4036,- 940 from Pacific ports for three weeks, would give excuse for high prices even if the corn exports were not enough to suggest great foreign need, amounting to s27O1S9 bushels against 10774, ,293 for three weeks. The fact that cargoes of corn were shipped during the week to Egypt and Russia, the very countries upon which Europe most relies for breadstuffs, next to the United States, affected trade not un- reasonably. Just when unprecedented pro- duction of pig iron was causing weakness extraordinary demand for finished products appears
 For this season, at least, the general demand is beyond precedent, including 150,- 900 tons of steel rails for the week and 100000 already this year, orders for plates so large that Pittsburg works send away some to other concerns, unable to fill all they receive, orders for bar such that many concerns are obliged to re- fuse more, an excellent demand for sheets and fair for structural iron. Nor does this demand spring from efforts to com- bine makers of wire and it's products and makers of tin plates. Prices of all finish ed products sustained by the demand, though Bessemer pig is 5c lower at Pitts burg, but pig at Chicago is strong, with some production of finished forms delayed by it's scarcity.
 The great strike of operatives in cotton mills of New England seems ss conyeni- ent to mill owners with their heavy stocks unsold as if they had ordered it. Proba- ply it will last long enough to work off stocks and the print cloth market is al- ready about l per cent stronger, while slight advance is noted in some other cot- ton goods. With very stagnant markets for wool, sales amounting to only 5,395 ,30t pounds at the three chief cities, which ported over 1S,60O,oo0 in one week of Sep tember and 100000 in four weeks the inquiry for round lots is mainly for three eights and quarter blood, suitable for cheviots, but have resulted in little deal ing. The mills have taken satisfactory orders for such goods, probably not with out knowing where they could get the wool, and the goods movement is distinct ly encouraging, though quotations of the higher priced heavy weights are still de- ferred. But q very large business for the coming season is already assured, accord ing to reliable accounts entitled to conf- dence.
 Failures for the week have been S74 in the United States against 409 last year, and 53 in Canada against 65 last year.