Daily press. [volume] (Newport News, Va.) 1896-current, 1898-05-21
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Nation Moving Along Steadily IN II
Industries.

Nation Moving Along Steadily IN It's
Industries.
(By TelegrapF.)
| NEW YORK, May 20.-R. G. Dun &
Co1npanys weekly review of trade
will say tomorrow:
Growing accustomed to war posi-
biiities. which are mostly far from
probabilities OF evil and finding the
nation moving along steadily in its in
dustries. people are erasping the idea
| that 1t is throwing away some months
Of active and profitable life to wait un-
| TIL the war clouds have passed. West
ern prosperity has so greatly overbal-
| anced timidity of eastern capital that
actual business done increases: rail-
road earnings promise better for May
than month ago for April, and pay-
ments through clearing houses for the
week In May show gain Of 36 per
cent. over last year and rs per cent
over 1892. while a month ago the in
crease over last year was 1876, and
compared with 1892 there was a de-
crease OF ~ per cent. Several large
contracts kept back for some weeks
because OF hostiities have been placed.
and instead Of works closing or reduc-
ing force. returns show the starting Of
some works long idle and increase Of
force and hours at others.
Government work occupies many
! establishments. but it counts for little
compared with other demands.
The key of the situation Is the
prosperity of the west which unprece-
| dented marketing of breadstuffs has
caused, with tho prospect OF good
crops to come. These prospects. and
| actual receipts of wheat amounting to
| o,Sl6.ll6 bushels for the week, against
2.439l69 last year. with advances also
| in other grain and cattle, have pro-
| duced a demand for rails. cars. car
| materials. fencing, agricultural imple-
| ments. boots and shoes and all textile
| goods which had not been anticipated
| from eastern indications. Exports 9TH
CT than wheat do not diminish. but in
| three weeks from Atlantic ports, cx-
ports. flour included. have been 1885,
| $50 bushels. against 4,77S.7i2 last year.
and from Pacific ports 1.733.l 2a BUSH
els. against Gl0.631 last year The
price OF May wheat fell 4l-2 cents on
saturday. rose cents Tuesday and
| closed 5 IL cents higher for the week
| In iron. Notwithstanding the great
est output ever known. the demand
has caused some advances in Bessemer
pig. with only Il slight decline in the
price Of grey forge at Pittsburg, but
| fun quotations are obtained at Chica-
go and Philadelphia.
| The textile works are doing rather
| better, even the cotton mills. in spite
! of their overproduction, for some of
| large Importance have started again
and print cloths are a sixteenth high
| er. Numerous WOODEN mills have been
| pushed to new activity by government
! orders and prices for q few grades of
| goods are better, with a stronger tone
| in the market generally. although
| some mills of importance have stop
| ped. as their orders for the season
have run out. While sales Of wool are
small. 6,338.900 pounds for the three
weeks past. against 27.a63. 100 last year
the manufacturers have ample stcu..i;s is.
although snpe are Obliged by govern
70 seek in the market
lnsu. =. - Awhich they had not ex-
pected to require. o-o
Failures for the week have oes%f ~
in the United States, against 24S last
year. and % in Canada, against 81 last
YEAR ... ..' . .