The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-12-10
DUN'S WEEKLY
REVIEW OF TRADE
No Fright In Business Circles Over
Presidents Message.
THE IREASURER'S REPORT
Did Not Create the Customary Alarm
in Financial Circles.
ACTIVITY IN THE IRON INDUSTRY
Pig Has Risen to $780,, and Quota
tons on an Average Are Shade
Higher Than at Any Time
This Year.
ACTIVITY IN THE IRON INDUSTRY

New York, December 9.-R. G. Dun q
Co.'S weekly review of trade will say TO-
morrow:
1.-THE most significant thing this week mas
been the entire absence of the customary
nervous fright before or after the meeting
of congress, the presidents message and
the treasurer's report. No showed the
least alarm, and nobody could find occasion
for any, Money and stock and grain mar
kets moved on exactly as if the government
were automatic, certain to do or say no
more than the people had already decided
and expected and so the gradual better
ment since october continues There Is
large demand for products in nearly all the
great industries, larger export demand Tor
foreign needs more healthy domestic de-
mand since seasonable weather arrived and
q comforting conviction that November
business, the highest ever done In this
country in any month, was but step to-
wards meeting better. Exports last year
in December were marvellous, but this year
are starting far ahead. The Atlantic wheat
exports, -four included, have been for the
week 5,636,767 bushels, against 4,3l2,l37 last
year, and Pacific exports 500 523 bushels
against 1888 last year, and prices have
declined 2Ac for cash, but western receipts
of 10, 1876 1863 continue, against 6,213,21 from
last years great crop stops argument.
The Corn Exports
The wheat does not come out at low
prices If the people have less to sell than
last year at 20 cents more per bushel. SO
the corn exports were 4,151 1881, against g.
313 0S6 last year, and such foreign demand
at prices much higher than last year and
with wheat cheaper is proof of state OF
things abroad which Americans hardly APP
preclate The price declined only Nc with
Enormous receipts
Cotton shared in the export movement
fully, and nevertheless has risen $40 u
price with a feeling that estimates OF yield
NAV have been excessive. At the extreme
~ low price yet quoted foreign buyers do
not stop to calculate commercial and mill
stocks on hand. The consumption IN TINS
country is not very large, being but little
changed by the trouble about wages at the
south, though by more voluntary curtail-
ment in New England but the demand for
goods is better and has lifted the price OF
6rfnt cloths an eighth, and some or the
other goods a shade
VooIen goods have been In much better
demand and many of the smaller mills nave
been buying at concessions. Much broader
markets Is more healthy and promises Tar
more for the industry, and sales Oh loooo'-
200 pounds in two weeks past at the thle &c
chief markets against loSo2,ioo POUNDS III
the same weeks of 1892 are quite in line win
the demand In prosperous years Prices
yielded about N cent in November, accord
ing to one hundred quotations by Coats
Brothers and from Philadelphia dispatches
appear to be about cent lower this weSS
The Iron Industry
Rupture in the Inchoate rail combnai
ton it appears resulted in lower prices and
larger sales in the first week of sharp COM
petition than were realized week ago.
Prices were made in some transactions
much lower than were then or are now
quoted, and while ST at Pittsburg Is now
named special orders are said to command
lower figures. The purchase of 10000 tons
of Bessemer dig at $40 at Valley furnaces
and 1000 900 tons of billets for Pittsburg
works at $3.50, of which 40, 900 tons went to
a hoop min, with II 900 tons rods at Chi
cago at 81, and 1900 tons plate for one
concern at Pittsburg, besides enormous or
ders for bars and plates in car and ship
building, a steamship contract on the Della
ware will give some idea of the heavy busi-
ness coming forward just when the works
usually expect a season of idleness ana
waiting Pig iron has risen at the east to
S1150, and quotations average for pig
throughout the country shade higher than