The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1892-08-04
SIGNS OF DULLNESS.
r. G. DUN & co.'s WEEKLY CON-
MERClAL REVIEW.


Growing in Importance as Restricting
Factors--The Money Markets Are Easy
Everywhere-Financia Upheavals.
NEW YORK, July 30.-R. q. Dun &
Co.'s Weekly Review of Trade says:
Extreme hot weather for an entire week
has checked many kinds of business, but
has not prevented a considerable excess
in the volume of trade over that of last
year. The crop outlook, on the whole,
is decidedly improving. Money has
been abundant and cheap and collections
generally good for the season, and there
are no signs of threatened disturbance.
The great interruption of iron and steel
manufacture at the west continues, but
there are distinct signs of probable set
tlement. Finished products of iron and
steel are stronger and So to s. per ton
higher, but greater Generalization is ex-
pected in pig iron unless more of the
consuming works start speedily. Bar
and sheet iron are very active, and
manufacturers of plate and structural
iron have more orders than they can
well handle, but no improvement is seen
| in rails. In woolens there is better de-
| mand and more activity is seen in pur-
chases of wool, while the cotton mills
continue to do well. Boot and shoe
shops are running full of business, and
shipments exceed last years every week,
being for the year thus far 2,056, 900
cases, against / 1851, 900 to date last year.
| Shipments of hides from Chicago have
been 110, 100000 pounds, against 97,000,-
900 last year.
Trade in Various Cities.
Business at Boston is active in dry
! goods and cotton and woolen mills are
| well employed, as are boot and shoe
| shops. The demand for leather is
steady, manufacturers buying freely.
Wool is firm and active, with sales of
| 200, 900 pounds, and prospect Of better
| prices. At Philadelphia manufactured
| iron improves, and the Reading coal
| business is very active, wool is firm
with increasing demand, the market for
woolen goods enlarging and drygoods
| generally are more active in spite of the
| weather distribution being very favor
| able. At Baltimore hot weather re-
| tards much trade, though in drygoods
| and boots and shoes and furnishing goods
| it exceeds last years. The tin can and
box factories are running full and the
| packers rejoice in living prices. At
| Pittsburg products of iron and steel
| grows stronger and window glass is
fairly active, but coal dull. Drygoods
have improved at Cincinnati, the crops
look better than a year ago and the
| general prospect is very fair. At Cleve-
land trade is fairly active in spite of the
weather and the whole production Of
| manufactured iron is quickly absorbed
Trade is quiet at Detroit, but crops are
turning out better than was expected.
Still Better Than a Year Ago.
Trade and collections are better than
| q year ago at Chicago, even retail trade
increasing in spite of the weather. Re-
| ceipts of wheat, corn and cheese fall a
third and Of rye and dressed beef one
half below last years, but some in
| crease is seen in wool. butter and hogs,
| gain of quarter in flour, third in
cured meats. while receipts of oats and
lard are double and of barley eight
times last years. Business is more pros
porous at Milwaukee and up to the
average at st. Paul with excellent crop
prospects, but Minneapolis reports some
| injury by heavy storms. In spite of
hot weather at Omaha trade in shoes,
groceries and drygoods is active, and
! fairly active at Kansas City, with re-
ceipts of cattle heavy and of grain lib
eral, and little improvement appears at
Memphis or Little Rock and trade is
dull at New Orleans, though prospects
! are brighter there and at Savannah.
Speculation has been curiously affected
| by the prospect that the Hatch anti
option bill will fail, and while cotton
has advanced quarter with enormous
| sales of no, 900 bales, and lard and cof-
| fee are higher and corn three-quarters
| of cent higher for early delivery, the
supply being scarce, wheat has fallen 3a
cents with sales of only $4,000, 900 bush
els. Western receipts of wheat are
| heavy, 3,444 900 bushels in four days
against exports of $50, 900 bushels. Re-
| ceipts of cotton are light and exports
slightly more than last year, but sales
of phantom stock exceed sales of tangi-
BILE and visible cotton about fifty to one.
The syndicate is said to have sold out
all its old copper and the price is strong
at l II to IL cents, but lead is weak with
some sale at 4 cents, and tin with quo
tations at 20.45 cents. Sales of coal are
not discoverable, and it is called the
dullest July on record, but another
! screw upward in prices is expected.
w. g. Features OF Money.
Money has been extremely easy at II
per cent, and from nearly all points
come reports that the markets are we'll
supplied and the demand generally light,
though improvement is seen at some.
Yet the exports of about 81, 900, 900 gold
this week are not altogether encourag-
ing to those who calculate that with
congress out of the way better foreign
demand for American securities may be
expected. 1t often happens that such
hopes are unrealized. The treasury is
gradually strengthening itself, as is
needful and comparatively easy at this
season, but when the fall demand for
money to move the crops begins in ear
nest pressure in the money markets may
speedily appear, unless gold comes back
from abroad in large amounts. Ameri-
can buyers of stocks are encouraged by
improved crop prospects and by the be-
lief that the traffic in connection with
the Worlds fair will help all the trunk
lines, and during the past week stocks
have been dull but fairly strong.
The business failures during the last
seven days number for the United States
III, Canada %, total 1893, as compared
with 1877 last week, 1870 the week previ-
GUS to the last and PAT for the CORE
spending week last year.
Gix Parsons nrnxynoJ