The Union times. [volume] (Union, S.C.) 1894-1918, 1898-05-20
TRADE REVIEW.
Nothing Disheartoning as Yet Effects Bust
ness as Result Of the War.

ness as Result OF the War.
II. G.. Dun & Co.'S review of trade
reports as follows for l. week.:
Hostilities have lasted long enough
to kill many predictions, If but few
Americans. The European notion that
the United States would begin by hav-
Ing bad hall hour. the theorists
notion that Everybody knows great
panic must follow the outbreak or
war" the commercial buyers notion
that everybody would be ready to sell
everything cheap if war came, the
notion that 1t would pay to hoard
money until the emergency had passed,
have all been made laughable already.
The only panic was when money lend
ers were wondering what deadly inn
possibilities the unknown might have
in store for them. The only hindrance
of industry has been due to waiting or
buyers who looked for lower prices.
Nothing disheartening can be seen
in the industrial situation except the
closing of some cotton mills owing to
overproduction, and the fall of print
cloths to LIS cents. Cotton has not
risen above 6.3I cents, and many stories
of reduced acreage are current as q
wear ago, but they do not weigh much,
in view of the actual receipts of lO.-
500 900 bales. The sales of wool have
been only 4.005. 900 pounds at the three
chief markets for two weeks, against
but prices are somewhat more firm.
and there is more demand for goods
apart from tho large government or
ders. The demand for boots and shoes
having passed all records in recent
months. has abated, and yet many or
dcrS are coming forward, and Just ar
the point where there is general change
from one season to another, the actual
receipts are = per cent larger than last
year and IL per cent larger than In
.AA 1,
years Leather is rising with no active
| demand, and hides at Chicago have
! "i At, - s--~.- -r>,.v-sssNc-cant. iNcu at
| the four chief western markets this
year are considerably more than in any
other year excepting 1898 and 1894.
The output of pig iron. 234,163 tons
weekly, May l. against 233339 April l.
shows practically no change. except
| ing the Increase of $50 tons weekly in
charcoal iron. DcductnE the unsold
stocks. which increased in April o.
ol6 tons. tn" apparent consumption in
that month was 32.609 tons daily
against S2,209 tons daily during the
previous four months. The general ex-
prctnt:on OF expanding demand holds
prices steady for all finished products
of iron and steel. and with considerable
sales of besS"mcr pig. ii is 10 cents
higher at PittSburg. with other quota
tions there. at Chicago. and at Phila-
delphia. practically unchanged. Gov
elIliiieiit bEtcES slrc nc0NN. ana yet
cover but little of the consumption.
though they go FAR to cause the over
CrGWdinS Of ShipyardS and plate mills.
hut higher prices for wheat have
brought enormous demand for agricul-
lIral implements. and also for loCom-
olives and cars. while very many
buildings in western towns. and orders
fer many railroad and other bridges,
for canal improvements at Chicago.
and for 25,O0D tons steel rails at tn"
East. make up n heavy column.
Money is easier since the policy oc
contraction has ceased and orly 81. 1GO.-
600 went To the interior during hc
week. while TIC new loans OF the chief
Ia commercial interests, against - per
cent one week and 10 per cent two
weeks ago. with rates much lower than
were quite recently refused. Tho gov
eminent is paying gold over the coun-
ter largely because il needs notes more
than coin aud $I.00G.030 gold have beer,
ordered during the week. s.. 500 900 from
australia, making SIS. .3f3. $50 ordered
of which about $ll 100000 has yet To
come
Failures ror tn" first week of MAY
have been $3.97N.n AGAINST $3.gg5. sol
last year and +i.l3$,27l in 1896 manu-
!I"tui'ing. $l4li..;j. against $l.9i9. $50
last year. and trading. $l.t7212.
against $i.2N".$5$ last wear Failure; for
IA" week have been 24G in the United
states. "SainS; 26i last year .nd =. in
Canada. a!dinSt 81 In&i year.