Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1894-08-18
TRADE REVIEW.
Condition OF Affairs In the Business World !
Effect of the Loss of Corn.
New YORK, Aug. 11.-R. G.. Dun s.
Co. IS NeelSly review of trnde snvs:


Effect of the Loss of Corn.
New YORK, Aug. 11.-R. G.. Dun s.
Co.'s weekly review of trade says:
The advance In corn discloses a general be-
lief that the injury to this most Important
crop has been so great as to affect materially
the trafiic OF railroads. the demand for manu-
featured products and the cost OF meats for
the coming years. Unless the markets de-
ceive and are entirely deceived our
country will have to face real calamity in the
loss Of something like 100000 900 bushels of corn
and this loss consumers have to share through
the advance of IL cents in two weeks and cents
since Friday OF last week. Neither official nor
unofficial statements as yet preclude the hope
that the loss may prove less serious but OF
current prices 500 900 900 bushels would costas
much as 1000, ,0000 900 bushels would have cost a
fortnight ago. Wheat has risen 3h cents in
the fortnight and 2h during the week although
western receipts have been 5,22s, 1923 bushels,
against 3l62, ,694 last year. Atlantic exports
are still about half large us o year ago,
1890 4s5 bushels against ., ,734 7S4 last year.
Pork products are n little stronger, as Is
natural Cotton has twice risen and again de-
clined a sixteenth, with increasing prospects
OF very large yield. closing without change
for the week.
The Iron and Steel Manufacturer records
great increase of nearly 10000 tons in weekly
output in July and the production is 115, 800
tons weekly, about 1000 tons less than in
Ii
when the prostration had nearly reached
its worst. The decrease in unsold stocks
was only 6lS tons for the month.
showing consumption in manufacture not
quite equal to the present output. Prices sus-
tain this view, having changed only in the di-
rection Of weakness; the disappointing de-
mand for finished products is still the main
factor. rF
The failures for the FIVE weeks ended August
! showed liabilities of sl1,lI7i3, of which s5,-
620,594 were OF manufacturing and 81 POO, ,247 of
trading concerns The failures during the last
week have been psi in the United States
against 3e4 last year, and 81 in Canada against
25 last year.
Bradstreet's says:
Evidence continues to accumulate that the
earlier portion OF July witnessed the lowest
point in the ebb of the CONNIE rcal tide in the
reaction after the moderate revival in the
spring. The practical cessation OF industrial
disturbances of the year has emphasized
the tendency to improvement reported
by telegraph from leading manufacture
ing and commercial centers this week.
Afurther indication OF the tendency to i'm
proyement is seen in the weeks advance OF so
cents per ton for steel bi1lets and in the fact
| that domestic wool markets to-day are more
| in favor OF the seller than they have been for
| year, and that wool is firm at the @
cent advance scored in the last few
| weeks. Refined sugar is n cent higher
nected with questions of demand and
supply, but prices Of pig iron at st. Louis are
higher, and for cotton are l-6c up on reports
| OF damage to the crop and the improved feel
| ing In commercial circles south. Panic and
unreasoning speculative interest in Indian
| corn has put up the price nearly cents
| bushel this week, about 25 cents above low
water mark for this year.
Bradstreet's kilograms from those in posi-
| tion to know as much as can be learned in the
| great corn growing states are at variance with
more sensational dispatches bearing on dam
| age to the corn crop and indicate that most OF
| the bull views us TO that staple are ex-
| aggerated. the increased corn acreage
| south and west pointing to q prob
| able crop as large either of the
| two preceding years, in each of which the out
| turn was not more than 6 per cent. below the
average for nine years past. Wheat has Jumped
| pa cents this week in sympathy with corn, and
| oats Ia cents. While hay is no higher at New
| York, it and other breadstuffs have advanced
briskly at the west because of alleged scarcity
| of corn
Exports OF wheat, United States and Canada,
both coasts, this week aggregate 8, Az 900 bush
els, against 1871 600 bushels last week OOS 600
| bushels in the week year ago, 4,14S 900 BUSH
| els in the week two years ago, 5,147,00O bushels
| in the week three years ago and 1898 900 in the
| week four years ago.
| The underlying facts in the speculative situ-
| alton are that stocks are firmly held and there
| Is general belief that the settlement OF the
| tarif controversy Will be followed by q
| speculative movement of considerable
| force While the extent OF the damage
| to crops from the drought is appreciated
| there is at present a disposition to
| minimize the effects on the railroads, particu-
larly as current earnings exhibit comparative
| ly small decreases while the actual movement
| OF traffic is described as quite brisk.