Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1896-07-11
TRADE REVIEW.
The situation as seen by Du n and Brad
atreet-The Failure Record. ~

New York, July Ar. G. Dun a. Co.,
in their weekly review of trade, say:
"Current movements have been so large
ly of a temporary character or else purely
speculative on the day by day plan, that
they are not highly instructive. Thus an
extensive shutdown of cotton mills Is
solely in the hope that half production In
July and August may clear largely over
stocked market Stocks fluctuations were
still more ephemeral, including two sharp
declines and partial rallies within week,
both laboriously ascribed to various po-
ltical causes, but mainly due to keen OPP
orators who saw chances for quick turn.
Extended reviews of the half year s op-
eratlons in leading branches of manufac-
lures go far to explain numerous stoppages.
In woolens they are without concern. Mills
are waiting for orders, the sales OF WOOL
having been not third of last years Tor
the same week. Prices are depressed, but
still depend on foreign possibilities In
| cotton goods the closing of many mills, both
| north and south, for half of July ana
| August, is in effect recognition of the fact
| that heavy stocks of goods manufactured
| from cotton costing between ~ and Sls
| cents could not be expected to show proiits
| II the mills go on manufacturing until a
| new and probably heavy crop of cotton Is
| ready. The reduction of prices has brought
| out large demand in many cases, but not
| enough to meet the output OF the mills
further decline in print cloths to 21H cents
| is significant, when Sucn decrease III
| production is assured.
Having begun by reducing prices to the
lowest ever known, boot and shoe produc-
| crs are doing n shade better in prices with
leather a little cheaper on the whole, though
hides have mounted to about the level OF
| January l. The output of iron has largely
| decreased, and there Is a quite general
| stoppage of works for repairs, but the an
nual controversies about wages have In
most cases been settled, and 1t is believed
will be settled in all without strikes.
Wheat declined one-half cent and re-
covered one-fourth cent, but western re-
ceipts continue remarkably large. The
stocks in sight are greater than year ago
and though winter wheat yields less. spring
wheat seems likely with fair weather tt
yield more than last year Corn promise:
remarkably we'll and also oats. Cottor
| greatly needs rain In parts OF Texas, bu
better reports come from most of the othe
sections, and a large increase in acreage il
generally reported.
complete failure returns for the secont
quarter of 1896, April to June 3O inclusive
cover 2995 in the United States, agains
2.S55 in the same quarter of last year. FAN
ures for the week have been 257 in tn
United States, against 1876 last year, and
in Canada, against "a last year.
Bradstreet's says:
General trade, in both commercial an
industrial lines, is duller, but the failing Is
I'm part, the usual midsummer dullness
Comparatively few changes are noted, bu
most of them are decreases in either pric
or demand Quotations for wheat, India
corn cotton, oats, iron and steel are lower
Sugar has reacted after the decline of las
week, leather remains conspicuously firm
with shoe factories busily employed. an
= petroleum and anthracite coal are higher
The sentiment of the trade at many point
is that the immediate outlook for bushes
10 not favorable. At some western center
= | nj iS made that the DnrChaSin
| power of the agricultural community is cul
, tailed by prolonged low prices for farl
products. The general industrial situatio
: shows no renewal of activity"