Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1898-05-28
DUN'S REPORT.
The Nation Faces War With
Reviving Business.
Great Outgo Of Wheat and Corn
Increased Railroad Earnings.
LARGE Wheat Crop Expected Unusually
Large Iron Orders.

In their weekly review OF trade, VIII
say; The nation faces war with re-
viving volume Of business. The West
is doing its part and more, but at the
East also the volume Of business Is
now expanding Without abatement
in any important line, the great outgo
Of wheat and corn continued to stlmu-
late business at the West and railroad
earnings show an increase over last
year of Isl per cent; In trunk lines,
8.S per cent. in Granger railroads, 20
per cent and in other Western roads
14.6 per cent; while East bound ship
ments from Chicago in three weeks
have been 3SS. sos tons against 15o,Sl
last year and 1923 tons in 1892. This
is largely because Of the enormous
movement of breadstuffs.
Atlantic exports of wheat, -four in
Guided have been 3,126,442 bushels for
the week against 1856 07 last yea,
though Pacific exports We're only o.
1S4 bushels against 31i,9 last year.
Wheat receipts at the West do no.
diminish but run far beyond those of
d year ago. For the week 4.G25,2J3
bushels against 2.9G9, l13 last year. In
four weeks exports from both coasts
have been 1851. S1i bushels against D.
10f, 1874 last year.
The marvel is still the enormous fos-
eign buying Of corn. export having
reached $3.50 595 bushels for the week
against l,5Si.5ll last year and IN four
weeks the exports have been %. 80 0a1
bushels against $3.50. oal last year. Yet
corn closed 3.31 cents lower for the
week although wheat after rising from
l.56 to .G6 fur May. fell 10 l.tG on FRI
day, while July options feH III r"n1S.
official and all oter accounts agree in
estimating that the wheat yield viii
he remarkably large this year In spit"
Of the fact that the California crop has
been much damaged by want If rain.
The principal clearing houses show
payments on business uf all kinds y ;
per cent. larger than last year for the
week and - Ter cent. larger than IN
the same week Of 1882
This is largely bcc3use industries
show no such decrease as has been APP
pretended in consequence ~ war but
on the whole a gradual gain in the VOL
umc OF business. Starting this mortl
With the greatest consumption ever
known. the iron Industry has made
surprising progress IN neW orders
which reached about loo 600 tons IN
bars alone. over 80 nao having been
placed at Chicago and $4,000 a. wheel
INK, mainly resulting from the extra
ordinary demand FOR agricultural i'm
plements
y better demand appears for Tex
tile goods with slight advance in print
IN, a., IL,
Of staples 1t is too late for the Qu4s-
ton of cotton supplies during the cur
rent crop year to affect the market
much ard the rise Of an eighth on raw
cotton this week makes ~ important
difference with the manufacture. but
there is a distinct increase in the de-
mand for goods
Wool sales during the week have
been only 2.,4S 100 pounds If which
$50. leo were domestic against 6,S42. 900
year ago and 4,21l, eco in the same
week Of 1902 The manufacturers are
largely supplied with materials al
though some who have heavy govern
ment contracts are obliged 10 buy diff
ferent grades Of wool than these they
have in hand Activity in the market
is prevented by the fact that Western
holders almost universally believe in
higher prices than can Vet he realized
in Eastern markets So that purchasing
is Very light
The silk mills are all busy. and the
coming linen factory is making a good
record for itself
Failures for the week have been 20
in the United States against III last
wear and II In Canada aoain~. las