The record-union., 1898-03-19

poses at Washington.
NEW YORK, March 1S.-R. q. Dun
& Cos Review of Trade" tomorrow
viii say:
Neither peace nor war reports have
changed the. onward current Of bust
ness. Orders for more than $2a.1oo,000
in gold from Europe have blocked any
drift towards stringency in rates for
money. and treasury receipts of ST.
100000 per day have kept in check 2ny
question about currency. while experts
OF products have continued with Z rate
considerably increased, and the de-
mands for products of the great indus
tries show steady expansion.
Prompt action b. the Senate and
House has removed all fear of elnbar-
rassment through conflicting purposes
at Washington. The Government Is
making ready without any waste of
time, while frankly assuring every
body that it looks for a peaceful set
tlement, and hopes that its prcpara-
tions may prove true
The backbone of the situation IS the
excess of merchandise exports. more
than $41 ,000. 900 in February, With an
increase of 81, 100000 in miscellaneous
products, $2,100.000 in provisions. 81
100000 in cotton and $1,000, 900 in
breadstuffs, compared with last year,
and $13000,000 in all products. In
two weeks in March exports have teen
sixteen per cent. larger than last year,
and imports have gained but 81 PEI
cent, although especially swelled by
receipts OF India rubber. sugar ard
hides.
The outgo of cotton surpasses all cx-
pectations, though the price was
stronger this week, and the export de-
mand apparently paid no attention -
market fluctuations. Receipts frGm
plantations continue much better than
at the corresponding date from the
largest crop heretofore produced so
that guesses about the future crop are
now the main reliance of speculators
Wheat also moves, in spite of all
speculation. Atlantic exports, flour
included, have been 1872, $50 bushels
against ,253.3 last year, and fvom
Pacific ports /, ,311 .S26 bushels. against
@OS,JO1 last year, making for three
weeks from both coasts 1860 10
bushels, against ABS 441 last wear
The price has varied with conflicting
reports, but closed 4c higher for the
week
Wool shows no change in quotations.
though Eastern markets are extreme
~ dulI, and the Indifference of manu-
Iacturers has made transactions only
~'UoZ,3oU pounds, against 1851 900 for
the corresponding week last year. and
.p,VSS S'zCO for the corresponding week in
lo9- The London market is rather
hlSh' and holders in the interior ale
expecting material advince in prices.
Little encouragement appears IN the
market for cotton goods. with mint
cloths sixteenth lower than week
ago. and standard grades undersold bv
many Of less note. The demand is
large. but not large enough. In WOOL
en- goods, on the contrary, the mater
ial advance in prices has raised tha
only obstacle to increased transactions
and somewhat frequent cancellations
indicate that dealers have been djsan-
pointed in their distribution. The
small yielding in wool may result in q
greater decline, if this tendency in the
manufacture continues
Bessemer pig and gray forge arc bo+t,
'---SN@S NiDi45S4 al lllSDuTS. the pro-
posed combination of valley furnaces
helping, but pig is not changed in nrica
elsewhere. nor are finished products n +
any point. excepting wire nails. which
are cents per keg weaker. and steel
rails, which are said to be sold at
SlT 80 at the East by some establish
ments. Contracts have been made for
10000 tons with Eastern works for
domestic delivery. 12.000 tons for Aus
tralia 5000 tons. with 1000 tons or
bridge work. for South Africa. and the
Illinois Steel Company has sold 5000
tons OF deck plates TO ship builders of
England, and several Chicago orders
for plates, exceeding LOCO tons each.
are reported for agricultural imple-
ments and railroad manufactures and
projectile works. The wire combina-
tfon having failed to effect the broader
arrangement contemplated, is seeking
to complete control of about so per
cent of the wire output of the coun-
try.
While activity is great in the Central
and W stern regions, there is less de-
mand at the East.
Failures for the week have been 2OS
in the United States. against PIG last
year. and - in Canada. against 30 last
year.
NEW YORK. March 1S.-Bradstreet's s
tomorrow viii say:
The volume of the coEntry's business
continues sufficiently large TO allow OF