Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1894-08-16
THE TRADE REVIEWS.

THE TRADE REVIEWS.
"The advance in corn discloses gen.
eral belief that the injury to this most
important crop has been so great as to
affect materially the traffic of railroads,
the demand for manufactured products,
and the cost of meats for the coming
year. Unless the markets deceive and
are entirely deceived our country will
have to face real calamity in the loss
of something like 100000 bushels of
corn, and this loss consumers have to
share through the advance of IA cents
in two weeks, and cents since Friday
of last week. Neither official nor un-
official statements as yet preclude the
hope that the loss may prove less seri-
Gus, but at current prices 1,50O,OOO,OOO
bushels would cost as much as 2OOO,-
100000 bushels would have cost fort
night ago.
"Wheat has risen 31a cents in the
fortnight, and 21S cents during the
week, although Western receipts have
been 5,223, 1913 bushels, against 1892
694 bushels last year. Atlantic re-
ports are still about half as large as a
year ago, 1,399,4S5 bushels, against g.
735,7S4 bushels last year. Pork pro-
ducts are little stronger, as is natur-
al. Cotton has twice risen and again
declined sixteenth, with increasing
prospects of a large yield closing with
out change for the week.
"The iron and steel manufacture re-
cords an increase of nearly 10000 tons
in weekly output in July. The pro-
duction il 1886 tons weekly, about
1900 tons less than in April, but 5000
tons more than a year ago, when the
prOstration had nearly reached its
worst. The decrease in unsold stocks
was only 6,137 tons for the month,
showing consumption in manufac-
ture not quite equal to the present out
put. Prices sustain this view, having
changed only in the direction of weak
ness. The disappointment demand for
finished products is still the main fac
tor.
"The business in boots and shoes Is
strong and healthy, though conspicu.
ously confined to medium and low
priced articles, such as 75cent shoes
for mems and 55 to 60 cents for wo-
mems wear, but shipments from Bos-
. ton have been, in two weeks, 166,693
cases, against 1885 last year.
"The sales of wool would have been
larger, according to reports from the
different markets, if there had been
sufficient stocks available. They
amounted to 7,623,40O pounds at the
three Eastern markets, against 1920
700 pounds two years ago. Country
holders of wool do not at present ap-
pear anxious to let somebody else spec
ulate on its price and are said to be
keeping back supplies quite generally,
although receipts at Chicago were A.
O60,O51 pounds for the week, against
1,127,O99 for the same week last year.
"The failures for the five weeks end
ing Aug. 1, showed liberalities of SILL
144,7l3, of which $5,626,594 were of
manufacturing and $5,220247 of trad
ing concerns. The failures during the
last week have been 251 in the United
States, against 1894 last year, and 81 in
Canada, against rs last year."
BrodStreet's tomorrow will say:
American and European total avail
able supplies of wheat decreased 4, 1OO,-
600 bushels during July, against de-
crease of only 100000 bushels in July
year ago and $4,000 bushels in July,
1892. Last months sharp falling off In
the worlds stocks is due to an unusu-
ally heavy July decrease in European
supplies and those atloat therefore, be-
cause stocks at home increased excep-
tiOnally last month. Exports of wheat,
United States and Canada, both coasts,
this week aggregate 3416,OO0 bushels,
against 2,977,000 bushels last week, s.
COS, 900 bushels in the week year ago,
4,148,00O bushels in the week two years
ago, 5,147,OO0 bushels in the week three
years ago, and 100000 bushels in the
week four wears ago"