The herald., 1898-05-28
Dun & Co.'s Review

NEW YORK, May 27.-R. G. Dun & Co. s
Weekly Review of Trade will say tomor-
row: .,...,
ume of business. The west Is doing its part
and more. but at the east also the volume
of business Is now expanding. Wunout
abatement at important points, the grea'
outgo of wheat and corn continues to st1nl,
uiate business in the west, and railroad
earnings show an increase over last year OF
151 per cent in trunk lines, S.S per cent IN
granger roads, and in the other western
roads 146 per cent, while east-bonud snip
ments from Chicago in three weeks have
been 1855, ,90S tons, against 15OSl2 tons last
year and 164 1923 tons in 1892. This is largely
because of the enormous movement OF
-four included, have been 726,442 bushels
for the week against GOT bushels last
year, though Pacific exports were only
81, 1884 bushels, against 314,S5o bushels last
year.
Wheat receipts at the west do not dimin-
ish, but run far beyond those of year ago
for the week 4,625253 bushels. against
2,969173 bushels last year; In four weeks seI
exports from both coasts have been 1881 :
S74 bushels, against 5.7O4334 bushels last
year The marvellous feature is the enor-
nous buying of corn, exports havlng
reached 5,550955 bushels FOR the week,
against 1,5S4,511 bushels last year and IN
four weeks the exports have been 20. .2SoO91
bushels. against $3.50 09l bushels last year.
Yet corn closed 3.37c lower for the week,
although wheat flour: rising from sl;SS ,,1e to o
81. .66 for May, fell to $l.46 on FRIDAY, Wnlle
July options fell 1Ac.
Official and all other accounts agree In
estimating that the wheat yield Will be re-
markably large this year, in spite OF the
fact that the California crop has been much
damaged for want of rain.
Starting this month with the greatest
consumption ever known. the iron Industry
has made surprising progress In new oroers-
which reached about 900 tons In bars
alone, over 50 200 tons having been placed
at Chicago and Is 900 tons at Wheeling,
mainly resulting from the extraordinary
demand for agricultural implements. Heavy
contracts for structural work amount dur
Ing the week to at least 1900 tons, with
others reported at many western cities.
Plate contracts outside Of the heavy de-
mands for the government, are very large
and include 5000 900 tons for ship yards in
Glasgow and Belfast. Many structural and
bridge contracts at the west are pending
with probabilities of large orders during
the coming week.
A better demand appears for textile goods,
with slight advance in print cloths and a
substantial gain in sales of staples.
Wool sales during the week have been
only BIAS 100 pounds. of which 2,4S9, 100 were
domestic against 6,S42 400 a year ago, and
4, ,221 900 in the same week Of 1892. The man.
ufacturers are largely supplied with mate
rial, although some who have heavy gov
ernment contracts will be obliged to buy
have on hand. Activity in the market is
prevented by the fact that western holders
ALMOST universally believe in higher prices
than can yet be realized in eastern markets,
so that purchasing is very light.
The silk mills are all busy, and the COM
ing linen manufacture Is making good rec
ord for itself.
Failures during the week have been 245
in the United States, against PA last year
and 21 in Canada, against % last year.