The herald., 1895-06-22
LOCAL field Of COMMERCE
The Weekly RepOrtsOf the Com
merCiaI Agencies
THE TIDE OF PROSPERITY
Fears of Too Sudden an Increase in the
C0untry's Business
HE TIDE OF PROSPERITY
Encouraging Crop Reports and Confident Re-
pIcnlshing Of Stocks Tell the Tale Of
Good Times Returning

The chamber of commerce yesterday re-
ceived series of photographs from
Petrie Hoyle of Ell Toro, exhibiting the
effects produced by the use of commercial
nished by the Permanent Nitrate COM
pany of Grace Church street, London,
and represent wheat, barley, oats, rye,
buckwheat, maize, carrots, cabbage,
potatoes and fax grown without artificial
fertilization, aud with the application of
varying quantities OF nitrate of soda.
The results are almost amazing, for in
every instance the amount OF plant
Growth is increased in proportion to the
amountsof fertilizer used and the most
generously treated plants made a
growth ten or twenty times greater than
the unfertilized specimens. As the ex-
periments were made on English soil.
which in comparison with California
lands is both weak and thin, no trust
worthy inference can be drawn as to the
results likely to be obtained by the use
of the same or similar fertilizers in this
locality. But the evidence offered is GER
tainly sufficient to warrant some careful
experimenting mere.
+ y 4
NEW YORK, June 21.-R. G. Dun &
Co. s. weekly review of trade will tomor-
row say:
From all parts of the United States the
best adviceS obtainabe tell of rising
tide of trade and industry which threat
ems here and there to mount too far and
too fast. The volume of all the business
by no means equals that of 1892 as yet,
though in some important branches it
Is larger than that OF any other year. The
influences of trem endous power contribut-
ing to the rise aIe encouraging crop news
and confident replenishing of stocks
which have been for two years depleted to
the utmost. Excepting the heavy rains in
Texas crop reports this week have been
highly encouraging. Future injury to
cotton cannot be predicted but as yet
nothing indicates anything below $500,
600 bales, which is not supposed to
threaten famine if the commercial and
mill stocks are remem bered, now exceed
ing by 2, 500, 900 bales full consumption
until September. Receipts continue small
and consumption close to the maximum
here and abroad. though the marketing
of British goods is not entirely encourag-
ing. Liberal purchases of all products
by the south do not indicate belief that
any serious misfortune impsnds. So the
stronger trade in wheat growing states
oNSOAuo WIN SiOP iSPOi eos
Reports from spring wheat states and
from the Pacific coast are so cheering that
although the loss of winter wheat was
larger there, those whose estimates have
been most accurate in recent years now
vary in predictions from 430, 600, 900 to
$1,000, 900 bushels. Atlantic exports for
three weeks, -four included, have been
last year, indicating no urgent demand
at current prices. There has been fal
of six cents in wheat, with heavier sales
than tor three weeks.
The rush for supplies in iron and steel
resembles bear panic" in the stock
market, because prices are mounting,
everybody hurries to buy. Bessemer has
reached $12.65 at Pitts burg; the bar as.
ISOLATION has advanced common to ST. Is
the wire nail ASSOCIATION put their prices
to $3.50 per keg, the steel rail makers
have raised the price to So; eastern and
southern furnaces have both raised prices
again. so cents per ton, and structural
beams are $1.35 and angles $1.25. 1t is
undeniable that works in operation are
crowded with orders and others who have
been idle for years are preparing to re-
sumo.
At the same time the most potent cause
OF the upstart in prices, the general be-
lief that combination of coke producers
would raise the price to $1.5O after July
LIST, is apparently removed by war among
the producers and fall to $1.25 in con.
tracts for the last half of 1895.
Failures for the week have been 22S in
the United States against pa last year,
and 81 in Canada against % last year.
NEW YORK, June 2l.-Bradstreet' to.
morrow will say:
The feature of the business week is the
customary check to activity in trading
in staple articles of merchandise, due td
the near approach of midsummer with
the accompanying stock taking IN some
lines; in addition to this the only other
note not pointing to improvement is the
reaction of prices of cotton, coal. wheat,
flour, corn. oats, pork and lard from pre-
vious activity and higher levels. In al
most all other directions reports on the
business situation and the outlook were
exceptionally fair.
wheat. both coasts, this week amount to
2, S57 300 bushels, against 1,71S,000 bushels
last week when the amount was excep-
tionally small 1927, 500 bushels in the
third week of June. 1894: 3, 554, 600 BUSH
els in 1898; 2, 457, 900 bushels in 1892, and
1905, 600 bushels in the corresponding Pc
riod in 1891.
The more active Pacific coast cities are
almost alone in presenting distinct fea-
lures of trade each week. San Francisco
reports that hot winds have affected the
California wheat crop. which now will
not likely exceed 5000. 900 bushels. Fall
trade prospects at Portland, Or. are
bright. Tacoma announces exports of
-four, cotton and machinery to the orient
and number to South Africa, while
Seattle has sent large amount OF silver
money to Mexican ports. There have been
no special changes in the condition oil
general trade at western and northwest
ern cities, but the volume of business
and general feeling at Milwaukee and Du-
luth indicates improvement.
In the southern states business contin-
ues about midsummer proportions.