Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1895-09-12
REVIEW OF TRADE.
Tho Reaction Against Rapid A.
vance In Prices Strong. :.
BOOT and SHOE INDUSTRY DULL


New YORK, Sept. 7.-R g. Dun .
Cos weekly review Of trade sayss
There Is no real reaction In businssa
Gains which were recognized - tenn.
porary are vanishing, but there ~.
mains decided increase over last year
at date, although prices average 81 per
cent lower than year ago. II needs
no keen observer TO see that the rese'
ton against rapid advance in price, d
strong. Hides were the first To riss,
but . decided break has come. Wheat
jumped over 20 cents to "a cents, but 10
now slow Of sale ct about IS centA
Wool was late in rising, but has
lost about y cent In average
price within the past fortnight
Iron still rises, the strike having
hindered shipments Of ore, but with
troops guarding the ore begins 10
move Cotton is strong, but has
paused. The general tendency to cur
tail purchases where prices have
notably advanced grows clearer 10
boots and shoes, in wool and In some
products Of iron.
The combinations have again 3D.
vsnced prices Of bar iron q per ton,
and Of wire nails 20 cents per ksg,
while Bessemer Is quoted at $40 d
Pittsburgh, and eastern manufacture
from imported ore has again COM
mencsd to supply western consumer
In the boot and shoe industry many
shops are dischsrging hands, and 10
wooden manufacture few works are
closing for want Of orders.
Sales Of wool, which averaged over
10, 600, 900 pounds per week when great
speculative stocks were being taken,
have shrunk to 3, $3.50, 500 for the week,
against 1857, 800 for the same week In
1899.
The brightest feature in al the hori-
zon Is the certainty that the crop q
corn will be enormous Frosts now
can only affect small fraction, and
the surplus will 60 into the manufac.
ture Of meats, because at S5.7 cents at
New York, nearly cents lower than
week ago, there is no other profit.
able use for corn. The latest
reports Of wheat threshing have
induced the best western Judges
to raise their estimate Of the yield over
40, oOO, 900 bushels, and with $50, 900, 900
bushels added TO 7O,0OOOOO bushels
brought over, the supply will exceed
all probable demands. Atlantic ex-
ports have been only l,s47 $50 bushslA
-four included, against 2,7s9, SEQ last
year. Pacific shipments continuing
large.
The one farm product which has
been strong because certainly short IN
yield rose from 8. 10 cents for spot COT
ton last week to SOS cents on Tuesday,
but has since been weak In spite Of
concerted official statements that the
decrease is SO per cent In some states
and q per cent. 10 Texas Tho pub.
lie observes much organized and
skilled labor in these reports, and
also sees what many spectators
refuse to see, the 100000 bales
Of old American brought over. II is
earnestly hoped that southern agricul.
ture has not sustained so great CO.
lamity. The annual reports, showing
a larger yield last year than has been
supposed, only indicate that more cot.
ton must remain in the country besides
the unconsumed stocks abroad. A
quiet market without much change Of
prices for time would be blessing
for the south. Failures for the week
have been 1856 in the United States,
against 2ls last year, and in Canada SO
against AZ last wear,