The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1895-07-25
TRADE REVIEW
Signs Of Midsummer Dizziness
Appear.
GOLD EXPORTS OF NO EFFECT.
A Perceptible Decrease In the Demand
For Most Manufactured Products--Num.
erous Advances In Wages and Striker
More ePlentiful-Business Failures.

NEW YORK, July 20.-R. G.. Dun &
Co.'s Weekly Review of Trade, issued
today says: The weeks news is not
entirely encouraging, but is all th,
more natural because there are signs OF
midsummer dullness. Wheat prospects
are not quite so good as last week but
still there are lower prices, as corn and
cotton have been lowered. The exports
of gold and the less favorable treasury
returns for July are not unexpected and
means nothing as TO coming business.
There is perceptible decrease in the
demand for most manufactured pro
ducts, and the actual distribution to
consumers naturally lessons in midsum
mer. Much of the recent buying was
to anticipate rise in prices, and such
purchases fall off when prices have
risen. There are still numerous ad
vances In wages, but strikes grow more
numerous and important.
In part, because business was unusu.
ally large in the first half of July, a
quiet tone meets reasonable expecta
tions. The heavy bank failure at Mon.
treal does not effect finances here and is
passing there with less disturbance
than was feared. Gold exports for the
middle of July, when crops are begin
ming to move, if not meant to affect
stocks, can at all events have only Q
speculative significance.
Wheat has declined 2 cents for Sep
tember, corn y cents and cotton Il
for spot. Western receipts Of wheat
not half Of last years, express disap
pointment at prices, while exports foi
the week are are q quarter of last
years, and for three weeks only 2,829,
02S bushels, flour included, as against
7,046, 1857 last year, show that foreigr
dealers are not regarding the situation
with anxiety. Nor do British accounts
indicate any anxiety about cotton
while efforts are reported by some
months ago, apparently exceeding their
needs for the year. If unfavorable tC
some spectators, there are cheering in
dications, for it is better to have fair
crops than to get high prices for what
| remains.
Orders have 80 accumulated in iror
| products that some works forego thI
usual summer rest and eastern fur
naces soon to begin blast.will add abou
5000 tons weekly to the production. 4
few quotations have advanced-gra,
forge and eastern bar-while Besseme
| pig is shade weaker at Pittsburg, bu
the averages Of all prices is per cen
higher for the week and 2S.3 per cen
higher than Feb. /. The strike of sew
eral thousand miners in the Marquette
region may have important conse
quences. Producers of Besseme
ore have sold largely for the future a
prices so low that they cannot add t,
cost of production, and other mines il
the northwest may be affected. Mino
metals are stronger with sales o
1000, 900 pounds copper up to II cent
for lake, and tin very firm in spite Of
large visible supply.
Wool advanced in the first half O
July an average of cent for 104 quota
tions of domestic by Coates Bros. Q
Philadelphia, and is nowi7 per cen
than year ago. Sales naturally lessen
being 7,980,000 pounds for the wee
against an average of over $4,000, 90
pounds for each Of the two previou
weeks, but prices are sustained by Gel
man and French buying in the Londo
market. Manufacturers do not SUI
port the advance and are buying onl
for immediate needs, but holders VIII
have taken for weeks past several time
the quantity consumed are stiff. Cot
ton mills continue to enjoy large bus
iness and several have advanced wage
this week, but strikes of considerabl
importance are threatened or in pros
ress. The weaker tone for the materis
does not as yet affect the prices {
goods.
Failures this week have been 256 /
the United States against 1856 last yeal
and 80 in Canada against "A last year.