The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1898-01-22
DUN'S WEEKLY REVIEW.
THE NEW YEAR OPENS WITH A SAILS
FACTORY PROSPECT.
Tho Wheat Market Has Been Curiously
Languid..-Corn Exports Continue Large
...Spot Cotton Is a Sixteenth Lower Tor
AIiddling Uplands---Decreaso N Failures

R. G. Dun 4 Co.'s weekly re-
view of trade, said IN it's issue Of Sat-
urday: Tho year has opened with .
very satisfactory prospect. 1t is all the
better that there is no wild excitement
in the speculative markets, and while
stocks advance little, the grain yields
little. The payments through princi'
pal clearing houses, Notwithstanding a
decrease at New York, owing to less
activity in stocks, are 2.6 per cent.
larger than in 1892 and l0.l per cent.
larger outside New York. Earnings OF
all railroads in the United States report
ing for December $43, 1854, 297, indicate
substantially the same rate Of increase,
exceeding last year by l0.5 per cent,
and the earnings of 1892, for the same
roads, by 1.3 per cent. Since 1892 was
on the whole the most prosperous year
thus for, comparisons indicate, notwith-
standing the lowest prices ever known,
tho volume OF business is larger, and in
spite of some cutting of rates, the earn
ings Of railroads are larger than IN the
best year OF past history.
The wheat market has been curions'
ly languid, yielding &c, although At
lantio exports amount to 6,056, 1888
bushels for the two weeks OF January
against 3.9S6,3l7 last year, and Pacific
exports for the week have been 1,970,'
676 bushels. Western receipts con.
tinue so heavy that with tho greatest
accumulation OF wheat at Chicago ever
known, there is little encouragement
for speculation. Receipts were 5,727,.
$50 bushels for two weeks, against
$685., 1858 bushels last year.
Corn exports continue large, though
not equal to last years, amounting to
3,136,68 bushels, against 4,143,652
bushels for the week last year, and the
price declined about &c.
Spot cotton is sixteenth lower fol-
middling uplands, mainly because OF
the stoppage Of some mills by difficulty
about wages. But nothing is definite
~ known about the quantity Of cotton
yet coming forward, and on reports Of
creditable character puts the years
yield at 10, $50 b les, though re-
suits thus far do NOT quite justify SO
large an estimate.
The iron furnaces ia blast January
1et rerort an output Of 226,608 tons
weekly, against 226, OH weekly Decem
Der LIST, with an Increase OF -, 4Sl tons
in the unsold stocks h Id by furnaces
While this shows consumption of 81
per cent larger than year ago, there
would be discouraging indications OF
consumption but for the fact that SOW
eral others, have started since January
LIST, while the demand for finished pro.
ducts docs not diminish. The Penn.
sylyania railroad had ordered 100 tons
steel rails, and new RAILROAD in Maine
10000 tons, and other orders for cars,
railroad supplies, plates, bars and
structural material ore unusually large
for the season.
The WOODEN manufacturers have been
buying wool largely and for reason,
not publicly explained. 1t is evident
that large orders have been taken BY
the leading mills at prices which they
find satisfactory and tho rush Of small
mills to buy wool has made most of the
markets during the past week, although
sales have declined about ~ per cent.
compared with the previous week.
But there is decidedly better demand
for mems wooden goods and the mark.
cts look forward to good season.
The cotton manufacturers, having
overrun by excessive production ore
finding no increase in demand and no
gain in prices.
Failures ior the past week have been
948 in the Uuited States, against ASS
last year, and As in Canada, against II
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