The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1899-01-14

New York, Jan. l3.-.R. q. Dun
Co.'S weekly review of trade VIII say
tomorrow:
Contrary to the French saying, the
expected has occurred. Rapid advance
in prices Of iron and steel products
have their immediate effect perhaps
not to the lasting benefit of the indus
try. as there is the same reason for
doubt as to its pcrmancncy as in 1893,
when shrinkage of buying and reaction
suun carried prices lower than before.
But there f. now larger demand for
many other products, aud without un-
viciiy combinations all are doing well.
Throuchout the country was never in
us strong - financial position as even
EDv,gnurs Of London banks admit, one
stating that as London has financed
America heretofore, now for the first
time Ncw york Is financing Europe.
40 rNidcnc" ur weakness is seen IN the
other branches or industry nor in
,noan upon which the great excess of
exports most depends. Wheat and cot.
ton s'tl 60 ont 'argci:. Europe -
buying because II has needs aud New
Nr'E is sending To- Em0rc nobody
knows how mary mlIipuS hecausa
tn.r. is for the present no need to cali
luuns rho r."cirtg of S2Ooc.Voo gold
from Australia is announced At San
Francisco.
Auarican5 az, IN the humor I" invest
in their own country. and have \ great
amuunt oi money 10 MT opt rithout
r,,aljnG any of their luanS 10 EurOp"
So that the heaviest transactions ever
knuWu IN the stock rXr change have uc-
CURED during the week without the
evidence Of reaction foI which many
strong Operators havc been looking.
~ PBDDUCTS.
In PRODUCTS also the position Of the
country grows stronger. Last years
exports Of wheat ana corn were far
beyond all precedent, but the past week
has seen exports nf 4237 $50 bushels
wheat flour included, against 3.216,47O
last year from Atlantic ports and for
two weeks 9,452,lO7 against 6,OS67SS last
year besides exports i'm two weeks
from Pacific ports Of 1.524.O5l blshels
against 2,Ho,ooS last year. Meanwhile
corn exports have been in ;Wo weeks
El99,$l3 bushels against G.09l,51S last
year It is quite impossible to account
for such movements except on the the
olN that at current prices this country
is under-selling the world. and has
great quantities yet to move at sim &.
liar prices. There was an advance of
1IC i'm wheat during the week, but an
increase in corn. but without any indi-
cation that supplies are running short
ana the western receipts of wheat have
been in two weeks SG49S9 bushels
against 5.j5&95O last year.
Wool is stiniy held at the west. al
though at Boston. Ohio is quoted AT
@6la cents, although much higher at
Philadelphia Tho wooden industry has
been hampercd beyond all expec tations
by the prices demanded for wool with
the extraordinary stocks vet unsold.
The market FOR cotton goods mas been
fairly large, aud at rather better prices,
in accord with the price of cotton
which has risen to 6.06 cents. Receipts
at the south are for the moment much
smaller than heretofore, while there is
accumulating evidence that the crop,
gathered late and under favorable con -
ditions of weather, does not grade as
well as was expected.
Failures fCr the week have been 31S
in the United States against 249 last
year and - in Canada against A. last
year.