The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1898-05-28
WARFARE ANDBUSINESS
Cheering Reports Presented by the
s444. Commercial Agencies. ss1ss ss
THE MOVEMENT OF BREADsTUFFs

Remarkable Shipments of Wheat and
Flour and Enormous Foreign Buying
of Corn-Great Progress in the Iron
Industry, Aside From War Orders.
New York, May 28.-R. G. Dun G.
Co.'S weekly review Of trade says: The
nation faces war with reviving volume
OF business The west is doing its part,
and more, but at the east also the vol
ume of business is now expanding
without abatement in any important
line. The great outgo of wheat and corn
continues to stimulate business at the
west. and railroad earnings show an in
crease over last year Of Is per cent;
in trunk lines S.S per cent, in granger
roads 22.5 per cent, and in the other
western roads 146 per cent, while east
bound shipments from Chicago in three
weeks have been 3,sSSSOS tons, against
15O,S12 last year, and 164923 tons in 1892.
This Is largely because of the enor-
nous movement of breadstuffs. Attain
tic exports of wheat. flour included,
have been 3,726.442 bushels for the week,
against 1.5sG607 last year. though Pa
cifc exports were only 92,1S4 bushels,
dSdiilot lof,ocS last ycdl. WIedl lc-
ceipts at the west do not diminish, but
run far ahead of those of year ago
for the week 4.625,253 bushels, against
2,969.175 last year. In four weeks ex-
ports from both coasts have been 49,
69l,S74 bushels, against 5,704,334 last
year.
The marvel is still the enormous for
eign 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 20,2S5,097
bushels, against 9.36O,010 last year. Yet
corn closed 3.37 cents lower for the
week, although wheat, after rising
from $l.56 to $l.66 for May fell to Stag
on Friday, while July options fell 1h
cents. official and all other accounts
agree In estimating that the wheat
yield will be remarkably large this
year, despite the fact that the Califor-
MIA crop has been much damaged 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 reached about
100000 tons in bars alone, over $4,000
having been placed at Chicago and
$1,000 at Wheeling, mainly resulting
from the ordinary demand for agri-
cultural implements. Heavy contracts
for structural work, including some
from New York which have depended
on the action of the city government,
amount during the week to at least
$1,000 tons, with others reported at
Dlato
outside of the heavy demand for tn
government, are very large, and in
clude $500 tons for shipyards in Glas-
COW and Belfast. Many structural and
bridge contracts at the west are pend
ing, with probability Of large orders
during the coming week.
Failures for the week have been 2t5
In the United States, against 2l4 for the
corresponding week last year, and q
in Canada, against % last year.
Bradstreet's review says: The total
volume of business fully proportion
ed to or in excess of that usually noted
at this season of the year is indicated
by reports to Bradstreets this week.
The exceptions are generally where
weather conditions have made for IT.
regularity and perhaps dullneFs. In
most sections ef the country the sit
uation generally remains satisfactory.
The volume CT bank clearings. as was
to be expected, such was the contrac-
ton usual toward the close of the
month of May, but, with few excep-
tions, the crop situation, the volume of
railway earnings and the reports from
a number of leading industries point
to a maximum volume of business do
ing in most parts of the country. Rel
ativcly the best trade reports continue,
as for some time past, to come from |
the central west and northwest, where |
the outlook, both as regards crop yield |
and prices, continues eminently satis- |
factory |