The herald., 1898-03-12
Dun's Review

NEW YORK, March 1L-R. G. Dun &
Co.'S weekly review of trade will say in
its issue of tomorrow
1t is most gratifying that no industry or
branch of business shows no restriction or
hndrance, but some have been rapidly
gaining for the past week and month. The
railways are gaining even while specu
lators are selling their stocks and the de-
mand for products for all the great indus
tries is increasing. More gold is coming
from Europe than is needed. $40 ,S6S 600 hav-
ing, been ordered during the past week,
ana money markets are nowhere alarmed
or stringent, though reasonably more eau
tious. The country rests assured that it's
industries, almost all of its business, the
foreign demand for it's products especially
and all its resources, are beyond the reach
OF any foreign power and that it's honor
and foreign interests are in safe hands.
The greatest of all industries is sending
the supply. Wheat exports have been
An 497 bushels, flour included, against
1.26S III bushels last year from Atlantic and
bushels against s,o16,74S bushels last year year
Exports OF corn. In spite of a smaller
yield, have been 7,7O6494 bushels in two
weeks. against 1886, 500 last year, when they
surpassed all records; wheat declined 2lac
but corn did not change during the week
Cotton declined &c. selling of fertilizers
indicating less reduction of acreage this
year than was expected. Exports of prin-
cipal products in February were $61 434 091
in value, with increase over last year of
about so per cent in breadstuffs; on cotton
% per cent in the aggregate. The weekly
output of pig iron, 22S $50 February 1st but
330, ,12S March LIST. and the interests of un-
sold stocks in February, was only $500 tons
weekly, leaving 225 532 tons weekly for eX-
ports or consumption, against 21S457 in
January and 2l5,249 in November, 1895, the
month of greatest consumption before this
year. For four months production has
gained little, but consumption still more,
and II preparations for war last only few
n m n fn fGn 1nv, ov,I
Other consumption for railroad cars for
vessels on the Klondke, or elevators and
oil pipe lines, for agricultural implement
works and for sheets, Is beyond precedent
and structural and rail works are crowded
with orders, though now receiving few
Iron bar works are depressing prices, be-
cause some are not fully employed. while
the steel bar mills at Milwaukee have to
put on three S-hOur turns daily to keep up
with orders Prices are very strong, ex-
cept for wire nails, which dropped because
the great wire combination fell through
though the smaller agreement is expected
and in some western dispatches is said to
have been formed.
The minor metals are generally strong in
demand, a sale of 100000 pounds copper
being reported at 12c, though the usual
| quotation Is 11.S7c, and the product last
year was 305,201 tons against 219.970 con-
sumed In this country. Tin is strong at
14.2oc and spelter at 4.20, but lead is weaker
at 3,771a and tin plates at 2.S5 for the best
against 44.00 for foreign. Sales of wool for
this week have been the smallest since the
week of greatest alarm in August, 1876.
but not because any mills have stopped
work. Cancellations are frequent and job
bers have evidently failed to sell as much
as they expected at the advance prices
asked, but even those would not be possible
had wool cost millers current market
prices Little wool can be moved with
new clip near and heavy stocks still in
mills without further reductions. Goods
are now lower In qualities less well known,
though unchanged on standard grades.
Cotton goods have the large distribution
and prices are generally steady, though