The record-union., 1895-08-24
REVIEW OF TRADE.
THE VOLUME SHRINKS, AS IS
NATURAL IN AUGUST.
Exports of Wheat and Flour Not Up
to the Average Of the same
Date Last Year.

New YORK, Aug. Or. T. Dun & Co.
in their weekly review Of trade to-mor-
row will say: The volume of business
shrinks, as is natural in August. and the
shrinkage seems larger than usual, but
transactions in July were somewhat in
| flated for that month. The settlement of
wages in the window-glass works fore
shadows higher prizes and with the car
pet workers about 8 per cent. higher
wages have been agreed to. The strikes
of clothing workers are progressing to-
ward better wages for the employed.
The price OF wheat has fallen 81 cents
during the week. recovering fraction on
Thursday in spite of supplies from farms
| and to encourage buying. Wheat ought
to go abroad freely at present prices. but
Atlantic exports, flour included, have
been only 49,, G02 bushels for the week.
| against 2.694.764 last yoar, and for four
| weeks only 4,34S, 632 bushels, against
10, 937, Al last year.
Impressive stories of short crops abro ad
have little weight in the presence of such
a record, and the abstention of foreign
purchasers proves more effective than the
withholding of wheat by Western farm
ers. Naturally the SIC wheat OF the Pa
cific Coast still goes forward freely in
place of the Atlantic supplies. Corn has
also declined II cents, while pork and
! lard, with accustomed Inconsistency, rise
a shade as corn declines. Cotton has ad-
vanced fraction to 40 cents without
any definite change in crop prospects,
and, as usual the immense volume of
stocks carried over in mills and CONNER
| cial hands here and abroad, about j, ,000,000
| bales American, Is by most traders not
appreciated.
1t IL relief to turn to the great indus
tries, in which the enormous orders
placed some weeks or months ago cause
phenomenal activity for the season. IN
iron, Notwithstanding some uneasiness
because the output has greatly increased,
heavy purchases by two leading compa-
MES have advanced the price of Besse-
mer 90 cents, and a new mbination has
raised barbed wire to 30, while combi-
nations are being formed i'll wire rods
and common wire and an advance in
prices is expected. Other prices are un-
changed, and the new orders for iron and
steel products are not at present.
In boots and shoes the shipments OF
old orders again exceed those OF last year
for the month thus far, and yet in almost
every branch the new orders are very
scanty, although prices of boots and
shoes. of leather and also hides are very
firmly held.
In cotton goods the demand is rather
more active as the price of the raw ma
terial advances, but otherwise the buSi-
ness has not materially changed and the
quotation for print cloths is a shade lower
this week.
Sales are again smaller than in 1892,
and for the month thus far have been 49,
Sl7, 200 pounds. of which 9,l2l, 800 were
domestic, against 1902, $50 last year, 49,
3l6.3 of which were domestic, against
q, ,361, 400 in the same week of 1892, of
which I7,0l5.900 were domestic. But the
speculative buyers still hold prices very
stiffly, and are supported by the strength
in foreign markets. No marked change
appears in the demand for WOODEN goods,
but there is increased apprehension
shown by agents regarding the extensive
sales Of foreign woolens.
Failures for the two weeks of Aug ust
show liabilities amounting to So, S27 591,
of which Sl.SlS, 372 were on manufactu ur-
ing and 81, ,S79, ,235 of trading concerns. In
the same week last year the amount of
liabilities reported was S3.34S.4 4l5. of
which 81 ,5S4, 1856 were on manufacturing
and 81 649, 3S9 of trading concerns. Fail
ures for the past week have been ~ i'll the
United States, against 234 last year, and
43 in Canada. against3 30 last year.
Bradstreet's tomorrow will say: The
| volume of general trade throughout the
East, South, Southwest and on the Pa
cific Coast is no larger in volume. AT
Western and Central Western points,
with some exceptions, signs are conspicu-
Gus Of the favorable influence on busi-
ness, and the prospectively enormous
Indian corn crop ana the very urge har-
vest of spring wheat.
| Bradstreet's furnishes the latest builish
news respecting wheat-the Information
that exports from both coasts of the
United States and from Montreal this
week have increased again for the fifth
week in succession, amounting to 2, 269, 900.
against 2.O94, 600 last week.
| On the Pacific Coast business is not
particularly active. The Oregon as well
as the California wheat crop is short.
Portland will have au industrial exposi-
ton in October.
Rains in Washington have saved much
valuable timber from fire.