Omaha daily bee., 1898-05-07
DEWEY'S FEAT ROOMS TRADE
Coming Of War Hurts Less Than It's Fis
Apprehension.
VICTORY AT MANILA PROVES A BRAcER
General Condition of business II Ma
terially Improved and Thousands
of People Are Supplied
with Work.

NEW YORK, May 6.-R. G. Dun Cos
Weekly Review Of Trade will hay tomor-
row:
state Of war was so greatly dreaded by
those who have seen nothing like 1t for more
than thirty years that its coming has hurt
less than its apprehension. Especially since
the victory at Manila, which indicated the
superiority Of the American navy, gun for
gun, stocks have advanced, the average OF
prices for railroads being $2.7O per share.
The general condition Of business has been
materially improved. One days work by the
officers and men at Manila has given many
days work to thousands of people Of whom
they knew nothing, and has placed Ameri-
can Industries and interests on stronger
footing for any conceivable future.
The fact that gold Is now used almost
exclusively between the treasury and the
clearing house indicates the entire freedom
from apprehension about the currency and
public credit.
The most sensational of changes, and the
most practically important, has been the
rise In wheat-13 cents during one days
cession, 21hs cents from Tuesday to Thurs
day night. and 25h cents for the week
throwing into the shade all past advances
and all expectations, though reaction Of 1h
cents naturally followed on Friday.
Western receipts. after aveaging less than
100000 bushels per week for four months.
have risen to more than 3500.0 900 bushels
Exports have not been checked by higher
prices as yet, but have caused them, amount
ing for the week to 1904, $50 bushels, flour
included, against LAOS, 167 bushels from At
lantic ports last year. and 559S4S bushels
against 950S from Pacific ports
The remarkable rise on Thursday was
largely due to the removal Of duties by
France, and to the prohibition Of exports
by Russia, both showing the extraordinary
needs abroad, that the rise Of 25h cents
for the week is not without excuse.
F.sI. ,I,- Il y,vftv
though the exports were 5000, 900 bushels,
against 2,275 ,043 bushels last year. the aggre-
gate since July 1 having been 17S,000, 900
bushels, larger than ever before to date.
although wheat exports have also been
larger than last year. far greater than in
ordinary years, and nearly the largest on
record
Industries have received a wonderful
stimulus from the conviction that hostili
ties will not last long, and from heavy gov
ernment orders. Besides great demand for
steel plates and other iron products ana
ammunition, the government has ordered
1900 900 yards OF woolen cloth. 1875. 900
blankets. 1000, 900 yards Of cotton cloth. and
much provisions and supplies, and mean
while revivng confidence has multiplied
other demands
It is not due to domestic demands that
orders from the Russian government for
two big war ships have been taken by the
Cramps and orders for rails from Mexico
have given good start to the rebuilt Colo
rado works
Four large merchant ships have been or
dered from the Delaware works, plate mills
ore crowded and at the same time one es-
tablishment far in the interior is bidding on
n foreign order for 5000 tons: while car
and rail works continue to receive large Or
ders. and demands for agricultural imple-
ments and fencing go beyond the ability OF
the works in some cases. ,&l aI.
Textile establishments have been receiv-
ing larger orders within the last few days
outside those from the government, so that
the stoppage reduction Of time In four
woolen mills early in the week may have
been premature
No decline whatever appears In the prices
of stanle cloths or dress goods, and the
heavy auction sale of carpets was emnently
successful in clearing off at fair prices an
accumulation resulting from an ndvar"" ~
prices last January which was not supported
by demand.
Wool declined about " cent in April, TAX
ing the average of 100 quotations by Coates
Brothers. and the better demand for goods
has caused more inquiry, but thus far nc
Improvement in frices Print cloths have
again made new low record-1h cents
but a better market Is seen for other cot
ton products.
Failures for the week have been 23S in the
United Safes, against POI last year, and q
In Canada, against 36 last year.