The Londonderry sifter. (South Londonderry, Vt.) 1883-19??, 1898-12-30
The year inst closing has been, il

lei ana the OUTLOOK IOr Tue coming
year all that could be wished for,
r. G. Dun & Co.'S weekly review of
trade for Saturday says;
1t is a year beyond parallel and
goes to its close with the biggest vol
ume of business ever seen. The
building of new roads il reported by
tho Railway Gazette at 2257 miles
more than in any other year since 49,
92, though its reports obviously do
not include part of December. But
the Car famine crowds both railroads
and Car works to the utmost.
Shipments of wheat have been A.
2S5, 4S0 bushels (flour included) at
Atlantic ports against 3,6SS,32l last
year, although western receipts for
three weeks have been 25,08S,5S
bushels against 10000, 1929 last year,
q fact which the believers in a small
crop may well consider. From Pa
cilic ports the shipments have been
for the week l,316,0l9 bushels
against $4,000 last year. Consid-
ering the enormous exports from July
first to date, exceeding last years,
one can only wonder that the outgo
this year has been so large and the
price has risen during the week a cent
and half. Corn exports also have
been 3,S24,S36 bushels against A.
540,6l3 last year aud for the month
thus far 1l,012,l23 against l0,S67,
407 last year. The price has advan
ced about 2 3 s cents but the contin
ued foreign demand is astonishing.
If the cotton manufacture takes a
leading place this year it is not mere
ly because raw cotton is an eighth
lower than a year ago, nor because
prospects for buyers are thought good.
The manufacture has been much ex
banded by increased demand so that
prices of nearly all the goods quoted
in our report have advanced more OR
less and there IS feeling that with
unreasonable accumulation of print
cloths out of the way, there IS a
brighter prospect for all goods.
Sales of wool have been large, 27,-
366,100 pounds against 23,1l5,200
last year, and 1850, 200 in the same
week of 1892 with small as well as
large manufacturers buying very free
ly, which indicates general improve
ment in the demand for goods al
though not enough as yet to lift
prices.
The story of iron is like a dream.
With $4,000 tons of Bessemer pig
sold at Pittsburg for $1,000 and grey
forge at So 40, ard Chicago sales
limited only by the capacity of the
works, and Eastern sales SO numer
GUS and SO large as to raise the price
% cents, there is demand for fnish
ed products which includes at Phila
delphia 1000 tons of plates for ex.
port to South America, 5000 tons at
Chicago where works are crowded
$4,000 tons steel rails by the Mary
land Steel company for Asiatic Rus
STA, 81, 900 tons for Australia against
British competition at Pittsburg and
about 10000 tons domestic at the
east, 6600 tons structural work at
Chicago and Pittsburg, and 5000
tons for car builders at Chicago, all
the works there being crowded, with
heavy buying of sheets and wire rods
and sharp competition at the South
in cotton ties, pending contract for
10000 tons cast pipe for Yokohama
and sales of smaller quantities in
each class too numerous to mention.
Prices Of iron and steel products not
materially changed although the tone
is everywhere stronger, and for wire
nails quotations have been advanced
to 81 80 at Pittsburg. But this
country is beating the world in this
industry.
All this business is done with full
belief that the next years demand
will be greater than ever before and
it is creaitable especially in the iron
and steel business that so little adj
vance in prices Of finished products
has been made. The range of prices
if nearly 20 per cent lower than in
1892 indicating an astonishing III
crease in the quantity of products ex-
changed. How Europe will be able
to pay more than $75, 200, 900 due on
merchandise account for The month of
December besides the enormous bal.
ances due for November and previous
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