The star. (Reynoldsville, Pa.) 1892-1946, 1898-05-11
TRADE REVIEW.
The success Of Our Navy at Manila Favor.
ably In iuenoes Business.


r. q. Dun's q Co.'s weekly review Of
trade reports as follows for last week:
"A state of war was 50 greatly dreaded
by those who have seen nothing like IL
for more than thirty years that its COM
Ing has hurt less than It's apprehen-
sion. Especially since the victory Of
Mnnial. which indicated the superior
ity of the American navy, gun for gun,
expectations that the war will not last
long has Influenced all markets, and
stocks have advanced the average of
prices for railroads 81 10 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 at home, Of whom they knew
nothing, and has placed all American
industries and interests on a strongei0
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 or public credit.
The most sensational of all changes,
and the most practically important has
been the rise in wheat-13 cents during
one days session, 21 12 cents from
Tuesday to Thursday night, and % 1-2
cents for the week-throwing into the
shade all past advances and all expcc-
-
naturally followed on Friday. Western
receipts, after averaging less than g.
100000 bushels per week for four
months, have suddenly risen to more
than 3.500.O00 bushels Exports have
not been checked by higher prices as
yet, but have caused them. amounting
for the week to 2,094,3S9 bushels. -four
included, against i.49S. 167 bushels from
Atlantic ports last year. and $50 SiS
bushels against 99,50s frcm Pacific
ports.
The remarkable rise on Thursday was
largely due to removal of duties by
France and to the prohibition of ex-
ports by Russia. both showing the ex-
traordinary needs abroad, so that the
rise Of 25 1-2c for the week is not with
out excuse.
Industries have received a wonderful
| stimulus from the conviction that hos
tilities will not last long and from
| heavy government orders. Besides
great demand for steel plates and other
! iron products and ammunition, the gov
ernment has ordered 100000 yards
woolen cloths. 125.oO0 blankets, 100000
| yards cotton goods. and great quanti-
| ties of provisions and other supplies.
and meanwhile reviving confidence has
multiplied other demands. 1t Is not
| due to domestic cond tions that orders
| from the Russian government for two
| Cramps and orders for rails from
Mexico have given a good start to the
rebuilt Colorado works. Four large
merchant ships have been ordered from
the Delaware works, plate mills are
crowded and at the same time one es-
| tablishment far in the interior is bid
| ding on a foreign order for 5000 tons,
while car and rail works continue to
receive large orders and demands for
| AGRICULTURAL indictments and fencing
go beyond the ability Of works in some
/ cases.
Textile establishments have been re-
ceiving larger orders within the past
/ few days, outside those from the gov
ernment, so that the stoppage or re-
duction of time In four wooIen mills
| early in the week may have been pre-
/ mature.
Failures for the week have been 23S
! in the United States against 221 last
year and rs in Canada against SO last
| year.