The star. (Reynoldsville, Pa.) 1892-1946, 1895-09-18
REVIEW OF TRADE.
Wheat and Corn Coming Forward Rapid
ly--Iron Still Booming.

H. O. Dunn a Co.'S, 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. IL the government crop reports
were correct the situation would not be en-
couraging But not much onildence is plac-
cd In the reduced estimate of corn, none Mt
all In the estimate OF wheat, and even the
most enthusiastic bulls do not think II worth
while to quote the government report on cot
ton. The fact is that we are beginning TO
market not far from 2,200 900, 900 bushels OF
| corn, though only about 500 900, 900 bushels
will be moved from the counties where 1t is
grown; about 400, 900, 900 bushels OF wheat, OF
which the farmers are unwisely holding back
large proportions; and about 1900, 900
bales OF cotton, II the latter indications are
not erroneous, as they very easily may be, to
add to the stock carried over
II we are to have large crop Of grain and
| q small crop Of cotton II Is natural to infer
that manufacturers may find large transact
| ions at the west, but not at the South. There
! is in fact n very large demand for goods nj
the West, and west-bound shipments are un-
| usually lnrge although the eastbound ship
mcnts from Chicago for four weeks OF August
amount TO only 2l0.3is tons against 222, IA
, for the same week In 1894
! The largest output OF pig iron ever known,
| l0i, 020 tons. Is apparently supported by n rc-
duction of GA 900 tons in stocks Of pig iron
/ unsold, but the fact that the great steel COM
pnnies have taken large quantities, which are
| not included In the official statement renders
| the account OF stock less valuable. The mar
! ket for unfinished products Is little weaker.
| with indications Of hesitation on the part OF
buyers at Philadelphia and Pittsburg, al
though prices are on the whole fairly main
tainod.
The commercial stocks Of cotton September
| l. here and abroad amounted TO 2 100, ,533
| bales and domestic mills stocks were 3G9, ,Gls
| bales, allowing not n single bale for increase
| Of stocks ut southern mills.
Prices have settled back little during the
past week, Notwithstanding the gloomy de-
partment report.
/ The wheat crop IL evidently larger than the
department has estimated, though nobody
knows how much larger. aud is coming for
! ward with more encouraging rapidity. no
| less than 5.773, ,i73 bushels having been re-
| ceived at western ports against 5,iij, ,00l
| bushels for the same week last year, from
much larger crop. The farmers have un-
| 1oubtedly been keeping back wheat under
| an agreement among themselves, but
L does not seem profitable opera
ion for thom. Exports from Atlantic
! norts for the two weeks Of Septem-
| Der have been 2.4l7,s7 bushels. flour incud-
ed, against 5,3lO, 92G bushels last year. The
| price declined sharply about 2 cents per
| bushel, with little indication OF recovery.
The price Of corn has also yielded with a
| strong prospect Of the largest crop ever
/ grown, and mt 3s cents at New York large
proportion Of the crop will be little profit to
| armers.
There is n great pressure for delivery Of
structural products and plates, but bar iron
| IL still quoted at Pittsburg at l.46c, and tank
steel at 1.19c. The rapid shipments of Mar
luette ore during the past week, have some
influence upon prices Of Bessemer products.
| Nothing OF importance has occurred in the
minor metals, although tin has been stronger
At times, with London buying, and copper
has been helped by the report OF II big sale Of
| axe at l2&c.
Failures for thu week were 1877 in the Unit
ID States against 2l9 last year, and "a in
| Canada, against Al last year