The herald., 1895-08-31
Condition of Trade Throughout
the World
THE COMMERCIAL REVIEWS
A Vast Improvement in Markets and
Prices
The Question Now Seems to Be Whether
the Rise in Prices May Not
DO Too Far

r. G. Dun & Co.'S. weekly review OF
trade says:
Improvement in markets ard prices
continues, and, whereas. q few months
ago everybody was nursing the faintest
hopes OF recovery. it has now come to be
the only question in what branches, If
any, the rise in prices and the increase oi
business may go too far. A strong con-
servative feeling is finding expression,
not controlling the market or industries,
but warning against too rapid expansion
and rise. In some directions the advance
in prices clearly checks future business.
But encouraging features have great
power. Exports OF gold continue, but are
met by syndicate deposits and expected
TO cease soon. Anxieties about the mone-
tary future no longer hinder. Crop pros
poets, except for cotton, have somewhat
improved during the week. Importans
steps toward reorganization OF the great
railroads give hope to investors. Labor
troubles are for the moment less threat
ening. and some OF importance have been
definitely settled. The industries are not
only doing better than anybody had ex-
business for the rest of the year.
The advance in prices of IRON and it
products has added about 81 per ton mere
In single week to the price OF Bessemer
iron at Pittsburg, and yet the great
steel com panies are buying wherever they
can, while the air Is full of reports that
the finished product will further advance.
Many of the ablest men deplore this
rapid rise. not that it may expose som Q
branches to foreign competition and urge
that consumers begin to hesitate, out the
various cOmb binations which now control
many iron products have so successfully
lifted prices thus far that the markets
seem to lack the restraint of individual
caution, ana mean while holders of large
quantities purchased for future delivery
want to get all they can for them. Ths
demand, whether on old or new orders,
is large enough 10 sustain all advances
yet made and strikes of ore handlers and
Marquette miners cause fear that supplies
OF Bessemer ore may run short.
Copper has been so far advanced that
large quantities of American are coming
back from Europe, though the price is
held at 12l4c for lake.
Lead is still at $685., though the pro-
duction in the first half of 1895 was 105
$40 tons. with increasing stocks from 315S
tons in January to SSH tons in July.
per ton.
Wool has been speculatively hoisted, SO
that sales have fallen below last years,
in August amounting to 23, 200, 400
pounds. against 25. 800, 900 last year.
The demand for dress goods is still
large, and some cancellations of orders
for foreign mems clothes are reported.
because goods do not come up to samples.
The prospect for wheat has hardly i'm
proved with the week, although the crop
has fallen ID per cent. Western receipts
have decidedly increased.
Corn is coming forward more freely and
the September price has declined quar-
ter.
With the promises of great crop pork
and lard are shade lower.
Cotton is rising as if there were no
surplus of 5000, 600 bales. The price has
advanced to so. 10. and as there is no large
supply of available cotton at this time,
the market price can be easily moved.
Failures for the week have been 1856 in
the United States against 1856 last year,
and AZ in Canada aaainst 40 last wear.