Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1894-08-02
THE WEEKLY TRADE REVIEW.

| NEW DIRK, july 2i.-R ". Dun "
Co.'S Weekly Recie,0 Of Trade tomor-
row will say: "Thc heavy outgo of
gold, the fall of the treasury reserve,
and of the price of wheat to the lowest
point on record and the increasing un-
certainty about the tariff, have entire
ly oyershadowcd other industries
Business delayed for months by two
great strikes, now crowds the railroads
and swellS returns and gives the i'm
preston of revival in business, but it
is not yet clear how far there is an in
crease in new traffic, distinguished
from that which has been merely
blockaded or deferred. In some
branches there has been more activity,
but in others less, because events early
this week led many to infer that no
change of tariff would be made. The
internal revenue receipts on whisky
suddenly dropped more than half, and
sales of wool greatly increased. The
uncertainty is not removed, however,
and much of the business done seems
to be IN the nature of insurance against
possibilities.
"Wheat has found in the lowest
depths a deeper point still, and has sold
below SO cents, making the monthly
average at New York the lowest ever
known. Western receipts have been
5455, 874 bushels, against 3,129,295 last
year, in part because of delayed ship
ments, but the movement from the
farms has been heavy, while Atlantic
exports have been only l,5ll $40 bushels,
against 2,057050 last year. Corn was
stronger, with accounts of injury to
part of the CROP, and the exports are
trihng. Cotton declined a sixteenth
to cents, though receipts from plan
tations were small Official reports
count for nothing in comparison with
enormous visible stocks.
"Textile industries have been per-
ceptibly stimulated, according to deal.
ers, by disagreements which many sup
pose may prevent change of the tar
iff, and there has been more buying of
cotton goods, with slightly higher
prices for few, Notwithstanding the
closing of some important mills. The
stock of such goods is on the whole
quite large. In woolens the goods
famine which clothiers prepared for
themselves by deferring orders is such
that imperative necessities now keep
most of the mills at work, and purchas-
es of wool for immediate use are large,
but there was no change for the better
as respects orders running into the flu
ture, and, indeed, some concerns have
withdrawn spring samples, on which
very low prices had been fixed, and will
make no effort for trade at present.
Sales of wool have been greatly swelled
by speculation in the belief that wool
is not likely to decline in any event,
but may advance sharply if tariff
changes fail. Sales for the week were
1904, 100, against 1854, 500 last year and
0,118,900 in 1892. In four weeks of July
sales have been 22,359,2S5 pounds
against 10,696,90O in 1893, and 20, 25O, $50
in 1892.
"While scarcity of coke delays re-
sumption of work in many central and
western iron mills, the light demand
for finished products at Chicago, and
the disappointing demand for most Of
Pittsburgh, raises doubt whether ma
terial increase can be expected until
the tariff question is out of the way.
The demand for sheets is better at Chi
cago and there are numerous small
orders for structural work at Pittsburg,
with rather better demand for bars,
but nothing like the expected rush.
'FOr the week failures have been 249
in the United States, against 1856 last
year, and 80 in Canada, against 20 last
year."
BTGdStreet'S tomorrow will say: Pro-
longed drouth and hot winds have
damaged corn and other crops in Neb-
raska, and fears are entertained of
like losses in Kansas. Without early
rains there reduction in the yield of
Indian corn is expected to be consider
able. The outlook for the yield in the
spring wheat states is regarded as un-
favorable, which reacts upon country
merchants and checks demand. Ex-
ports of wheat, United States and
Canada, both coasts, for six business
days ending July 26, have increased
surprisingly, amounting to 3,3S8,OOO
bushels Last week the total was 3d.
600. bushels, and in the week before
2,377, 900 bushels. One year ago in the
fourth week of July, the total exported
was 100000 bushels: two years ago it
was 2,524,0 900 bushels; three years ago
100000 bushels, and four years ago g
272,000 bushels"
VALUE OF KINDERGARTEN WORK.
The law of all growth was proclaim
ed many years ago by the Great Teach