The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1895-08-01
Dun y TRADE REVIEW
Scarcely Any Shrinkage, but
That Due In Midsummer.
IRON AND STEEL PRICES RISING.
The Feature Of the Week the Startling
Advance In Nails-Enormous Sales of
Wool Indicate That Prices WIN Not
Decline Tho Business Failures.

New YORK, July 27.-R. q. Dun e.
Co.'S Weekly Review Of Trade, issued
today, says: IL is not the season for the
tide Of business to rise. but there is per.
ceived scarcely any shrinkage except
that which comes naturally with mid
summer heat. The volume of new bust
ness Is small compared with recent
months, but large enough to encourage
more openings of long-closed works and
more advances in returns to labor. I'm
portant strikes show that the advance
is not enough for some, but the strikers
seem not more threatening than week
ago,
Accounts Of shrinkage in the yield
Of wheat came both from Pacific states
and from the Dakotas. 1t would be a
strange and unnatural July without
such reports, and yet they have weight
enough this year to lead even the most
experienced to reduce somewhat their
estimates of yield while the price has
advand 3I cents. Light western re-
ceipts for the week net third of last
years, and for the four weeks, only
6.866,083 bushels, against l,9S3.6 .619
last year, strengthen adverse reports
because the price year ago was about
20 cents lower than it is now.
The western movement largely de.
pends on the export demand. which is
phenomenally light, Atlantic shipments
FOR the week having been, fiou- in
cluded, only 67l, ,56l bushels against
8,8l8, 900 last year, and for four weeks
only $500, $50 against 9,665, ,722 last
year. Corn advanced about cent with
wheat, but has since lost all the gain
Cotton has remained unchanged at Z
cents, although the latest reports favor
larger estimates of the yield, circular
by Neill going much beyond other
figures.
Prices Of iron and steel products still
rise, the feature this week being the
startling advance of 30 cents per keg in
cut and wire nails, with new cards for
various sizes which it is stated make
the advance greater than 1t appeared.
Angles are also shade higher and
other prices strongly maintained. Bes
semer pig does not advance, although
the Carnegie and one other company
have been buying about 100000 tons
which is supposed to foreshadow large
| contracts for rails. In the first half OF
90, orders for rails were $4,000 tons
| against 502, 900 In the first half of last
| year, and good many small orders ap
pear at Chicago. Otherwise there is q
distinct halting in new demand. though
nearly all iron and steelworks are
crowded with orders for some time tc
come. Prospects that other furnaces
with capacity of 5000 tons weekly in
the east and as much in the south will
20 into blast within the remaining
months of 1895, hinders further rise IN
pig.
Copper has again advanced, Lake tC
11]a, contracts having been made thi.
month for 20, 900. 900 pounds. Lead ant
| copper are both strong Textiles have
better outlook. with larger demand
both for cotton and wooden goods. {
shade advance in print cloths and II
most bleached goods and more hope
full market for lightweight woolens
which, If scarcely advanced beyond las
years prices, are on the whole selling
better. Enormous sales of wool, A.,
1855 pounds in four weeks, agains
30, 220, $50 in 1892, far exceed actua
consumption, but reflect belief that til,
prices will not decline. and the few
changes this week have been upward
Scarcity of domestic wool in eastern
markets is in part due to heavy specula
tive Withdrawals.
Failures for the week were 202 in tn,
United States, against 249 last year
and ~ in Canada, against 80 last year