The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1898-06-25
Dun & Co.'s Review

Ouu u w. . xNCVAOW
NEW YORK, June PAR. q. Dun & Co.'S
Weekly Review of Trade will say in tomor-
rows issue
Very little of the new business seen, In
proportion to the aggregate, Has been
caused by the war. Not any. discoverable
by ordinary tests, has been prevented by
the war. Neither has the collapse of the
wheat speculation caused the excessive rel
alive decrease of shipments, for exports con-
tinue remarkably large. Gold comes OF
does not come, as we want II, tne wori "a
An offering of bonds by the government
brings out at the start bids for more than
three times the amount offered, while the
popular subscription, already LOT three-
quarters of the amount, exhibits IN strong
light the confidence of the people.
Wheat has ceased to fall and began to
rise in price because foreigners needs are
not yet satisfied. Atlantic exports for the
week were: Wheat, -four included, S,246,-
205 bushels, against 1,445,947 last year; Pa
cinc exports, 81, 1872 against 81 ,0S9 last year
and the demand is not of speculative
character. The worlds need Of grain Is
Of wheat and POI 3l7 ,4s3 bushels of corn have
gone abroad already, with week to spare
far more than was ever before exported
in one year.. After falling to 30 cents FOR
cash and TIA cents for July, wheat rose
to So cents for cash and 70 cents for Julq,
with foreign demand.
Corn was steady, without much fluctua.
ton, exports being 2,574.723 bushels for the
week, against 1850 1922 last year. OF other
grains exports have been unusually heavy
The industries, at the season when stop
pages are to be expected, maintain produc-
ton surprisingly. There are very few
Interruptions on account of labor, and wage
scales for the coming year have nearly all
been amcably settled. The iron industry
Is very dull in the east, with the complaint
that prices do not rise, but at Pittsburg
and the west the works are getting more
business constantly, and are even compel
ing so sharply that prices are slightly lower
for bars, cut nails, steel rails and gray
forge, while southern iron Is also offered
lower than at the east.
The enormous demand from agricultural
regions for implements, fencing cars, rail-
way equipment and all sorts of building
Is the new feature of this remarkable year
Minor metals are fairly steady, with tin
at 1872 cents, lake copper at H. rs cents. with
22,741 tons produced In the United States
and 64S6 abroad in May, and lead Is strong
at 1856 cents, with only moderate transact
lions.
Wool is shade stronger, 100 quotations
by Gates Brothers averaging 1872 cents
against 1894 cents June l, but because OF
western demand and such demands which
manufacturers will pay, excepting to tll
immediate orders. AS the future of the
trade Is in doubt, though with more hope
full prospects, sales of wool have been In
three weeks only 11,6s5,S00 pounds. at, the
three principal markets, against 1855, 10(
pounds In the same weeks last year. and
%, 72S, 200 in the same weeks of 1892. Cotton
has weakened three-sixteenths, with ex-
cellent crop prospects.
Failures for the week have been 2S5 In
the United States, against 216 last year
and II in Canada, against "a last year.