The herald., 1895-08-04
Oun's & Co.'S Weekly Report of
Market Conditions
EXPECTED MIDSUMMER HALT
The Estimate of the Coming Corn and
Wheat Crop
Yhsee Is an Enormous Increase In the Work.
Ing Force and a Coniiderabie Rise
In Wages

NEW YORK, August 2.-R. @. Dun e.
Co.'S weekly roview OF trade will say to-
day: There is psrceptlble halt
which may deceive if attributed to wrong
causes. Trade two months late in the
spring pushed forward into July large
share of busines bslnging 10 April or
May. Seeing rush of orders out CT time,
many imagined it would continue and
hurried to give other orders. The jam
OF two months business into one lifted
prices. Then other orders came to an
ticipate further rise. But the midsum-
mer halt was inevitable, and it is yet
somewhat uncertain how much I'M
prOvement will appear after it. The crop
OF corn promises to be the largest ever
grown and is aim ost out OF harms way.
The crop of wheat appears from later ac-
counts perhaps 20, 900, 900 bushels less
than was expected month ago, and had
the best hopes been realized it would
have been more than 100, 900, 900 short OF
full crop.
Tho general advance in SO many pro-
ducts causes reluctance to purchase and
the distribution Of the past year has
been in pa-t to mako up for stocks and
individual supplies depleted during the
two years of economy. On the other
hand there has been an enormous in
crease in the working force and con-
siderable increase in twages paid which
enables people to buy more freely. Strikes
OF some importantce appear but do not
yet threaten to last long. though strike
OF coal miners may for time affect
somewhat extensively. For the first time
since the rise In prices OF iron products
began, there have been some concessions
to retain business and efforts of new
works to get orders tend to check the
I'D In, Af l,t tha al
average of prices Is shade higher.
bar having risen relatively more than
mill iron has declined. The market for
pig is quiet and on the whole remarkably
strong with the prospect of an increased
output. Finished products are generally
strong with more demand than can at
present be met for plates and for bar.
Tho structural demand continues large,
but the demand for rails is yet delayed.
Great speculation in copper stocks has
brought out some ext'avagant statements
OF demand and profits, but 1134 has been
paid in some cases for lake and the de-
mand is actually heavy. Tin has re-
and visible stocks are 5000 tons larger
than usual and lead is stronger in tone.
Business In cotton goods has been the
largest in juiy for several years. reckon
ing delivered, but not as large as to new
orders. A further advance of 1Ac per
yoiN OCSuIiooj WIN uOuVtdtc 0c-
mand for some bleached and brown goods
snd prices are firm for sheets and drills
while colored cottons are quiet with oo-
casional advances. Sales of wool have
bcen only q. or, $50 pounds for the week
against 8, 1886. 900 in 1892.
Wheat suddenly rose 3 cents OH bad re-
ports OF condition but has dopped all the
gain as the scantiness of exports In felt.
Bhipm epts in July having been only 3d.
695. .064 bushels, -four included. from At
lantic ports, against 9.65 633 last year.
Western receipts continue very small and
farmers appear to be holding for higher
prices.
Corn is a shade stronger. although the
reports are decidedly favorable. Cotton has
risen an eighth in price wholly on bad
condition reports. but at the low esti
mate the years yield with stock carried
over will exceed the worlds demand.
Heavy sales OF coal are reported at prices
at least 20 cents below the circular and
tbs market 10 much demoralized with the
fear of auction sales.
Failures for the week have been 261 in
tho United States against 230 last year
and 2S in Canada against A last year.