Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1895-09-14
Certainty That the Crop 'h's
Year Will Be Enormous.
AND PRICES HAVE STEADIED
The business Outlook Is for Healthy
Trade, Iron and Steel Being
at the Top.

New York, Sept. 6.-R. G.. Dun & Co. 5
Weekly Review of Trade says:
There is no real reaction in business
The gains, which were recognized as
temporary, are vanishing, but there re-
mains a decided increase over last year,
although prices average SS per cent
lower than a year ago. 1t needs no
keen observer to see that the reaction
against the rapid advance of prices is
strong Hides were the first to rise,
but a decided break has come. Coke
was suddenly raised to $40, but has
recently sold at $1.10. Wheat jumped
over 20 cents to ST., but is now slow of
sale above 50 cents. Wool was late in
rising, but has lost about 18c in aver
age price within the past fortnight
Iron still rises the strike having him
dered shipments of ore, but with troops
guarding, the ore begins to move. Cot
ton is strong, but has paused.
The general tendency to curtail prices
where the prices have notably adyanc-
ed grows clearer in boots and shoes, in
wool and in some products Of iron. The
combinations have again advanced
prices Of bar iron 81 per ton, and Of
wire nails 20 cents per keg, While Bess-
emer is quoted at $1740 at Pittsburg,
and eastern manufacture from import
ed ore has again commenced to supply
western consumers.
Consumption already hesitates and
railroads have not much expanded their
demand for rails.
Copper is also a turn weaker. Tin,
with $3.50 tons invisible stock, domestic
and foreign, and lead with sales CT
1900 tons domestic, are lower.
In the boot and shoe industry, many
shops are discharging hands, and in
wooden manufactures the few works
are closing for want of orders. The
sales of wool, which averaged over 49,
600, 900 pounds per week when great
speculative stocks were being taken,
have shrunk to 5,370, 500 for the week,
against 1851, 300 for the same week in
1892.
The brightest future in all the hOri-
zon is the certainty that the crop of
corn will be enormous. The latest re-
ports of wheat threshing induced the
best western judges to raise their esti-
mate Of the yield over $1,000, 900 bushels,
and at 450, 100000 bushels added to TO-
100 bushels brought over, the supply
will exceed all probable demands.
Failures for the week were 1856,
against 236 last year.
BRADSTREET' REPORT.
New York Sept 6.-Bradstreet's to-
morrow will say:
Favorable crop reports from nearly
all directions and the continuance Of
the boom in steel and iron continues
to characterize the general trade situ-
alton. The latest adyices as to the
corn crop have replaced anxiety with
confidence in larger estimates, in the
size of the crop and satisfaction with
| the outlook for trade this autumn.
| Harvesting and threshing are interfer-
| ing little with business in the spring
wheat country. Duluth, Minneapolis
and St Paul jObbers in general lines
are pushing for new business In South
| Dakota and Washington the farmers
! show no disposition to sell their grain.
| California reports perfect weather fol-
! harvesting. The other side to the
| crop outlook is found in Texas, where
worms are said to have seriously dam
aged cotton in some sections.
Iron and steel prices have advanced
from 81 to 81, and the demand at this
| time continues in excess of the output
All finished products are beginning tC
show the effects of higher prices fol-
raw iron and steel in corresponding ad-
vances. Western iron and steel mills
have orders to keep them busy into
1896, and refuse to name prices for fu-
ture delivery. Apparently every mil
and furnace in the country is at work
and the fiscal year will probably break
| the record of production.
Actual gains in the volume Of gen