Wood River times. [volume] (Hailey, Idaho) 1882-1915, 1888-10-08
REVIEW Of TRADE.
Great Gain in Agriculture Products
Improvement Noted In Most Branches

r. G. Dun & Co.'S circular for
week ending Sept. 20: "Doubt about
the corn crop has vanished. Est.
mates vary either way from 2,O15
million bushels, but it is doubtless the
largest crop ever raised The in.
crease of more than $50 million bush
els in this crop far outweighs in value
any loss in the yield of wheat, and al
so any possible loss in the yield of
cotton. But the yield Of oats is also
the largest on record, and the yield OF
hay and potatoes excellent. 1t is
safe to say that this years agricultur-
al products will represent, at least,
one hundred millions more money
than last years, at average prices for
both. In view OF this great gain in
the actual production Of wealth, it is
natural to expect increased activity in
business and manufactures, but as
yet the improvement has been bu,
moderate.
"This is in part because trade has
been checked by artificial prices. A
corner in wheat put the price for
September to 1926 at Chicago on
Thursday, and there is talk of much
higher figures, the rise here being
five cents for the week, but mean
while exports are not large and sea-
board prices have for some time been
relatively too high for foreign mark
cts. The operators in cotton, also,
have gone SO far that English manu-
facturers have begun to work short
time IN order to "break the corner"
and in this country the demand for
cotton goods is slow and conservative.
Print cloths have declined to SIT
cents, and each day the market for
goods is reported more moderate.
In the same way speculation in wool
has checked the manufacturing de-
mand, for while the supply is un
doubtedly short, the pressure of for
eign goods at low prices prevents an
advance in prices by producers here.
"In pork products, prices have
yielded but little, and packing falls
much behind last years, though the
foreign demand has been fair. Corn
has fallen but one cent, not Withstand
ing the great yield. At Kansas City
the market for cattle is over stocked,
and prices are so low as to check
movement. The boot and shoe trad,
is large and full of hope, but efforts to
advance prices to correspond with the
rise iii hides and leather appear as yet
to meet with little success. The iron
market is quoted stronger at Philadel.
phia, but weaker at Pittsburg. South
ern No. is quoted at 81 50 here, but
fear Of interruption by yellow fever
temporarily affects the market. No
improvement appears in steel rails, Of
which $4,000 tons were sold mainly
by Western mills, their $50 being rel
atively lower than the current price,
$2S. at Eastern mills.
"The reports from interior points
are uniformly hopeful; even those
from the regions disturbed or threat.
encd BY yellow fever at the South, ex.
press the prevailing faith that frost
will soon terminate the interruption,
and that business will soon recover by
greater activity what it is now losing.
The cotton crop is about three weeks
late, and forwarding is further delayed
by the stoppage OF traffic, and in many
quarters serious inconvenience arises
from the arrest OF collections. At. all
Western points beyond the danger of
fever, business is reported good or i'm
proving, though rather more COM
plaint of slow collections is heard.
Money is generally in ample supply,
but stringency increases at Cleveland
and the demand is strong at St. Lonis
and Milwaukee. Kansas City reports
} loans paid with unusual regularity, and
money is easy at Omaha. The ex
changes for the latest week show a
gain over last year of six per cent
outside Of New York"