Evening journal., 1898-03-30
VOLUME or BUSINESS.
Dun's Review for the Week
Just Closed.
II Is QUITE ENCOURAGING
FIGURES WHICH SHOW WHAT
THE BUSINESS MEN OF THE
COUNTRY HAVE BEEN DOING
THE IMPORTS AND EXPORTS.

| "A Wdlllu6 oldtt VI lulAbo dlMdl5 uln-.
deTs business to some extent With |
more uhan$34, 600 OOOgold receivedor on
| its way since this movement began, /
with ample bank reserves and Treas
ury reserves rising, and redemption Of |
notes in all ways nearly a third smaller
than in February to date, with no
! stringency in any money market, and |
| sterling exchange weak, with the vol
ume OF business at clearing houses out
side Now York larger than in 1892 by |
G.9 per cent. this month, and with fail |
ures nearly 80 per cent smaller than |
| asst year, and 81 per cent smaller |
! than in the same month Of 1892, there !
is not much visible ground for panic, |
even if earnest efforts should fail to |
keep peace with honor. WaTlike re- |
ports come every day, and stock opera |
tors make the most Of them, and yet
the average OF prices OF railroad stocks
IS S53.0S against $53.20 two weeks ago
to-day Nor have industrial operations
been perceptibly affected except where |
extraordinary buying for some weeks
past has made necessary a pause for
| breath, so to speak, or where unnatural
prices had caused a halt before the de-
struction of the Maine Some decrease
in new engagements would be expected
, with war apparently near, but as yet
r scarcely any indication Of decrease for
that reason is seen.
! AS panic does not come when men
are waiting for it, there is general anN-
/ iety 10 have an end of delay. In the
3 stock market, after great speculative
liquidation, and a months oppOrtuni-
4 Ties to sell, there is more disposition TO-
r consider earnings, which cannot be cut
4 off by foreign troubles, and in March
e thus far are 1871 per cent. larger than
. last year, and so larger than in 1892,
in spite of almost unprecedented cut
. ting of rates. East-bound tonnage
!. | from Chicago for three weeks has been
: 466,15 tons this year, 24S,31 last year,
d and 242,6S7 In the same weeks Of 1892,
with earnings Of Granger lines so per
n cent. over those OF 1892, Trunk lines
a ! 119, other eastern 1871, and southern
s / 100 per cent. While conservative buy
n | ers are disposed to wait, the liquida-
| ton Of speculative holders has removed
/ the main source. Of apprehension from
J.: the market.
~ It is difficult to take dismal views
n when the nation Is surprising all rec
q ords in marketing products. Atlantic
[. exports of wheat for the week have
r, been 2,160,S26 bushels against 1,272 2So
p 9.3O2.514 bushels of -four in
S, cluded, against 5,103, 427 last year,
with Pacific exports 4,232 ,032 bushels
IS against S99,242 last year. The
. price has declined 27s cents, but the
II heavy shipments and contracts for ex-
port are having a constant influence
Al Corn has declined only a small frac-
At tion, with exports not a sixth lower
n than year ago to date. Cotton has
fallen 1-16 in spite of large exports. be
~ cause sales of fertilizers and other evil
lg dences Indicate that curtailment o'
acreage this year viii be less than was
expected. Domestic exports from New
York in two weeks have been 80 1OS,-
~ COO, or 37.S per cent. larger than last
7e year, while imports have been scarcely
m .arger foreshadOwing exports again
r exceeding s100000000 for the month
lr and s24. 600 900 over imports. In suss
Id | conditions no stringency In money is
re needed to bring money hither.
CT Sales OF wool have been only II Al, ,.
al 600 pounds in three weeks at the thref
c. chief markets, against 46,6O5 300 lasd
N year, and prices are yielding. with
sales Cf old wool u to / cent below
current quotations for clothing, and nl
indication that manufacturers arr
in nearing the end OF their stocks. Can
lg cellations are numerous, but in proper
ed ton TO orders smaller than for five
ut years past, and find natural eXplana
rs ton in an advance of prices greater II
Id some lines than distribution seems Il
in | warrant. Yet the mills are nearly al
&c | full OF orders for some months L
as come. and rather more demand 70
lie ! goods is seen since colder weather ap
A. | peared. Cotton mills az Fall Rive
be still increase their accumulated stocks
er | about 20O0,0 600 pieces, and print cloth
have declined to 2.O6 cents, the loves
quotation on record. Some prints hay
also weakened but ginghams are firm
e. / and the better grades of dress good.
IL are sold well ahead Manufacturers o
On boots and shoes who have not accept
of ed recent prices find business dull
H. owing to war reports" BUT the heav
es | lest sales ever known in that busines
Mt | have been made in the past four weeks
st and still continue, with March ship
d | ments 14.5 per cent. larger than las
rR year, 1916 per cent larger than in 1893
and 2S.6 per cent. larger than in 1886
Leather is a shade weaker, and ais
hides, with restricted demand.
A. The iron and steel industry is NOR
he | fully employed than ever before in Ii
Mt history, and although production O
e. Bessemer pig is beyond all precedent
k the price advances, and billets are still
er bought in open market by some Of th
IT. largest producers. Other pig is stead.
he in price. and no decline appears in fin
as ished products excepting steel plate
or at the East but for these the deman'
A. at Chicago is neOrmOus, as for car
e. and agricultural implement materials
IN pending orders for cars covering 500 q
TO 1000 each. The structural demand dur
rs. ing the first quarter has been so pc
r. cent. larger than i'm the same quartz
n OF any previous year, 1t is said, and thl
demand for pipe is swelled by pendini
contracts for 126 miles Minor metal
Y. are comparatively quiet. tin at a..
w cents, Lake copper at - cents, leai
ng fimer at 81 cents. and nickel In heav
ed demand at "a cents.
n New York banks have sent to the in
ed terror about S1.76O,O00 net, and rate
n, | for time loans are stronger though n.