The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1898-04-30
Has Had Little or No UnfaV0rahle Effect
Upon Business Generally.
Leading Staples Show an Advance
Price, Both at Home and
Abroad-The Crop Situation of
Most Gratifying Kind With
the Sole Exception, as to Local
ity, OF California.

NEW YORK, April 29.-"Brad-
Streets" tomorrow Will say:
The lack of excitement, nervousness
and interruption to the orderly conduct
Of public affairs, and particularly bust
ness operations, with which this coun-
try has passed from peace to war,
seems likely to become historical.
Little or no effect upon general trade
distribution of an unfavorable charac-
ter is perceptible in the reports of the
past week. Perhaps the most notable,
because most uniform, feature has been
the unanimity with which the quota
tons of leading staples have been
marked up. These advances, too, have
not been confined to food products, but
include many widely differing articles,
alike home and foreign growth. Fol-
lowing the leading cereal in its upward
movement, corn, oats and flour have
also advanced; while in pork and other
animal products, notably lard. bacon
and hams, quotations have also been
marked up.
A feature Of Importance is the i'm
mense demand and rather inadequate
supply of freight room in vessels sail
ing from this country in the near fu-
ture. Rates have again advanced and
shipments from several ports are re-
ported crippled, not only by the adj
vanced quotations, but by the absolute
scarcity in some cases Of neutral bot
toms to carry freight in. The crop sit
uation generally is of a most crafty
ing kind but particularly so in that Of
wheat and other grains, with the sole
exception, as to locality, of California,
which is buying wheat in Oregon and
Washington Undoubtedly the favor
able crop prospects have been a stimu-
1ating feature throughout most sections
of the country, and taken in conjunc-
ton with the advance in cereals, have
tended very largely to offset any posi-
BILE i'll effects growing out of the pres
ent situation
Cereal exports show a considerable
increase this week, wheat shipments
from this country and Canada aggregat-
ing 4, 16099S bushels, against 1892 900
bushels last week; 1, 155, 900 bushels in
the corresponding week a year ago;
10000 bushels in 1896, and 2,555, 900
bushels in 1885.
NEW YORK, April Or. G. Dun &
Co.'S Weekly Review Of Trade" will
say tomorrow:
Hostilities have not as yet changed
last weeks conditions. There is much
postpOnement Of orders by men who do
not know what they are waiting for,
and much restriction Of loans by banks
which are abundantly strong All this
checks new business, and yet the VOL
ume of transactions through clearing
houses is s per cent larger than the
same week in 1892, with no foreign
trouble. But this increase would be
much larger but for speculative stag
nation here New York clearings being
81 per cent. smaller than in 1892.
Railroads are doing a great business,
81 per cent. larger than in 1892 in April
earnings thus far, and 1879 larger than
last year.
Many have been asserting about
every day for the past two weeks that
wheat speculation has eliminated, but
the price has in that time advanced
211.c, SIC within the past week. Re
ceipts Of 2, TAG, 100 bushels at the West
this week, against /, 552S35 a year ago,
and averaging 100000 bushels per
week for January, February and March,
show no exhaustion Of supplies, while
exports amounting to 3.704675 BUSH
els from Atlantic ports, against 643, 14S
last year. and 7S6,07S from Pacific
ports, against 1884 last year (1our
included in all cases), makes exports for
the four weeks 1908, 76S from Atlantic
and 1850, 020 from Pacific ports, and
for the crop year thus far $50, SCI, 67S
bushels, against 127, .6S4 bushels
during the same months and weeks of
last year
Banking at the same time has caused
a stoppage of work in wooden mills. Yet
confidence as to future business causes