The herald., 1895-07-20
LOCAL FIELD OF COMMERCE
The Fair Wheat Deal Affects the
Gamers
A SCARCITY OF VESSELS
The Weekly Reports OF the Several
Commercial Agencies
Ne Exact Estimate Of the Fall Trade Can Be
Made but the Conditions Generally
Are Promising

A San Francisco dispatch says that
local Gamers are suffering from the un-
loading on the market of the Fair wheat.
That operation gave cargoes to every un-
chartered ship in the harbor. Now ves-
sells that we're expected have not appear
ed, and the Gamers have been forced to
store their goods in warehouses. George
p. McNear Jr., OF the firm OF G. W. Nc
Near & Co., says that the demand for
ships Is unprecedented. Last year at this
time the harbor was full OF unemployed
vessels. he said. This year there are no
vessels to be obtained
= y =
Bradstreet's says: All the previously
reported favor able industrial and COM
mercial features are continued this week,
the endurance of the revival in demand
for iron and steel. the further advances
in prices of the same and additional in
creases of wages OF industrial employees
being the most Significant.
The merchants at almost all the larger
cities are preparing to send out travellers,
and until they begin TO exhibit results no
exact estimate OF how the fall trade will
open can be prepared. At this time the
outlook is regarded as highly favorable.
At Boston, Philadelphia and Baltimore
among eastern cities, noteworthy gains
In sales of staples are announced. The
expansion of industrial activity at CHR
cago, st Louis. Louisville and Cleveland
stimulates the distribution of mercnan-
disc staples generally. Country buyers
are present in unusually large numbers.
Reports from southern cities show fur
ther important gains this week. being
mure marked than in like period for
months past. Country merchants in
South Caiolina are much.encouraged with
Dv,tl thn do nd 10 fotr
and prices tend upward. Like reports
come from Augusta, and in Texas cotton
buyers have begun to make their pres,
ence felt. The delayed payment of the
sugar bounty checks trade in Louisiana
sugar districts. The volume OF trade is
smaller at Jacksonville.
Pacific coast advices are that the Cali
fornia wheat crop is threshing out poor
ly, but in the northwest the prospects for
a crop are of the best. The total yield of
corn in the country will probably exceed
even previous Ia rye crop views.
Exports of wheat (four as wheat) from
the United States and Montreal this week
amount to (only 1852, 600 bushels, the
smallest similar totals since that of the
fret week in June. 1891. A week ago
the aggregate exported was 2.4l7.000; one
year ago it was l. 1873, 600; two years ago.
5.077,00, and three years ago it was 2, 49,
900.
r. G. Dun & Cos. Weekly Review of
Trade says:
The weeks news is not entirely en-
couraging but is all the more natural be-
cause there are signs of midsummer dull
ness.
Wheat propects are not quite so good
as last week, but still there are lower
prices. as corn and cotton have been low
cred. The exports of gold ahd the less
favorable treasury returns for July are not
kaH tn
ing business. There is a perceptible de-
crease in the deamnd for most manufac-
tured products and the actual distribu-
ton to consumers naturally lessons in
midsummer. Much of the recent puying
was to anticipate q rise in prices and such
purchases fall off when prices have risen.
There are still numerous advances in
wages, but strikes grow more numerous
ana important, in part because business
was unusually large in the first half OF
July, quiet tone meets reasonable ex
pectations. The heavy bank failure at
Montreal does not affect finances here
and is passing there with less disturb
ance than was feared.
Gold exports for the middle of July,
when crops aie beginning to move, if not
meant to affect stocks, can at all events
have only speculative significance.
Wheat has declined &c for September,
corn 11sc and cotton 1sc for spot. West
ern repceipts of wheat, not half of last
years express disappointment IN prices,
while exports for the week, about quar-
ter of last years and for three weeks only
1888, 022 bushels, flour included, as
against !. .O46. 267 last year, show that for
eign dealers are not reagrding the situa-
tion with anxiety. Nor do British ac-
counts indicate any anxiety about cotton,
while efforts are reported by some of the
American mills to sell part of the stock
taken some months ago. which apparent
ly exceeds their needs for the year. If un-
favorable to some speculators, there are
cheering indications, Tor it is bettsr to
have fair crops thon to get high prices for
what remains. Orders have so accumu-
lated in iron products that some works
forego the usual summer rest. and eastern
furnaces are slow to begin blast, which
will add about 5000 tons weekly to the
production. A few quotations have ad-
vanced