The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1895-09-19

New YORK, Sept. 14.-R. G. Dun &
Co., in their Weekly Review Of Trade,
says: A slight setback, which may
mean much or nothing, according to
the final outcome Of the crops, is not
unexpected at this season. If the gov.
ernment crop reports were correct, the
situation would not be encouraging
But not much confidence is placed in
the reduced estimate of corn, none at
all in the estimate of wheat and even
the most enthusiastic bulls do not think
it worth while to quote the government
report as to cotton. The fact is that
we are beginning to market not far
from 2,200, 100000 bushels of corn,
though only about 500, 900, 900 bushels
will be moved from the counties where
IL is grown; about 400, 900, 900 bushels Of
wheat, of which the farmers are un.
wisely holding back large proportion,
and about 1900, 900 bales of cotton, il
the later indications are not erroneous.
as they very easily may be, to add to
the stocks carried over.
The wheat crop is evidently larger
than the department has estimated,
though nobody knows how much larger,
and is coming forward with more en-.
couraging rapidity, no less than 5,773,-
l73 bushels having been received at
western ports, against 5,446,00l bush.
els for the same week last year. from a
much larger crop. The farmers have
undoubtedly been keeping back wheat
under an agreement among themselves,
but it does not seem profitable opera
tion for them. Exports from Atlantic
ports for the two weeks OF September
have been 2,4l7,872 bushels, -four In.
cluded, against 6,310,92 bushels last
year. The price declined sharply, about
2 cents per bushel, with little indica-
tion Of recovery. The price Of corn
has also yielded with strong prospect
of the largest crop ever grown, and at
38 cents ut New York, a large proper
tion Of the crop will be of little profit
to farmers.
If we are to have large crop OF
grain and small crop of cotton, 1t il
| natural to infer that manufacturers
may find large transactions at the west
| but not at the south. There Is in fact 9
very large demand for goods at the
west, and westbound shipments are un,
usually large although the eastbound
shipments from Chicago for four week.
| Of August amount to only 2l0,3l8 tons
against 222, la for the same week IN
1894.
The largest output of pigiron eve,
known, 1874, ,029 tons, is apparently sup
ported by reduction of Ga, 900 tons IL
stocks Of pigiron unsold, but the fac
that the great steel companies have
taken large quantities, which are MOI
included In the official statement rem
ders the account of stocks less valuable
The market for finished products is
little weaker, with indications of hesi
tation on the part Of buyers at Phila
delphia and PitWbYg, although price,
are on the Whole fairly maintained
There is a great pressure for delivery o
structural products and plates, but bar
iron Is still quoted at Pittsburg at !. .45t
and tank steel 1.l9c. Tho rapid ship
ments of Marquette ore during the pas
week have some influence upon price
of Bessemer products. Nothing of i'm
portance has occurred in the mino
metals, although tin has been stronge
at times with London buying and cop
per has been helped by the report of
big sale of lake at l21zc.
Sales of wool have been 6,147, 90
pounds for the week, against II ,8ll ,30t
pounds for the same week in 1899, ant
there are indications that the domesti
market is quite overloaded by the specu
lative purchases made some time ago
Failures for the week were 1877 in tn
United States against 219 last year, ant
"a in Canada against "A last year.