The star. (Reynoldsville, Pa.) 1892-1946, 1896-11-04
.DUNS 5 REVIEW OF TRADE CONDITIONS |
SIMPLY WAITING.
Business People Will DO Nothing Until
After Tuesday.

II. q. Dun h Co.'S weekly trade review
says: A market without anything but poll
ties to rule Is not ofterf seen. Business Is
almost abolished until after the election by
the extraordinary pressure for money, by
the indisposition OF anybody to sell who
thinks great change for the better liz near,
by the feeling that 1t IL now OF no use to con-
tract or buy when so little time remains be-
fore decision and by the general absorp-
tion Of business men In political activities.
The feature OF the week has been the pres
sure in the New York money market in spite
OF the heavy arrivals OF gold. Quotations OF
call loans mt 100 per cent or more have no
reul meaning, except that, with practically
four holidays TO come In succession, there Is
really no market.
Wheat has declined sharply but is rising
again, closing about SO lower for the week.
Heavy realizing Of the spot sales, extreme
monetary pressure In carrying supplies and
belief of foreigners that they can get what
they want ut lower prices by present absten-
tation, have materially helped the powerful
Chicago influence which has labored to de-
press prices. But the evidence of great de-
mand abroad grows clearer, and while west
ern receipts are heavy, 1852, 927 bushels for
the week and 28. 756, 64i bushels for the past
four weeks, aIninst 81, 150, ,96i bushels last
year, the enormous milling returns are OF
especial value, showing that forcing orders
are preparing great quantity OF Hour Tor
export. These returns, not heretofore given
elsewhere, will be especially instructive
whenever the market turns on the foreign
demand. Atlantic exports for four weeks,
flour included, have been s,026,55s bushels,
against O, ,255, ,4l2 bushels last year. Higher
prices and actual famine In parts OF India
have n speculative bearing but nre really
less important to the American market than
the news OF the decreasing supplies from
Russia.
Cotton has held up remarkably well in
spite OF trade estimates that the yield will be
close to 100000 bales. The trnde believes
such estimates erroneous, and also hopes
that the present prices will not be found too
high II, with such crop, there should be
good business In this and other countries.
The mills are selling staple goods somewhat
freely, and print cloths are shade higher,
but there is neither much selling nor much
effort to buy goods of other descriptions.
The speculation In wool continues and has
taken during the past four weeks 2S32l, 100
pounds, against 29.TsS, $50 pounds Inst year,
and 26, ,597, ,053 pounds in 1891. although les-
than half the capacity of the mills Is employ
ed. Ii Is gratifying feature, however, that
| about twelve establishments have started
| during the week, in confidence that business
will be larger hereafter. There Is as yet only
n slight improvement In the demand foi
| light weight woolens. Iron has been bought
largely by speculators, 25,000 tons of bes-
semer at Pittsburg raising the price to s11 90
large quantities OF gray forge raising the
price to slO 40, and 10000 tons, nearly al
| OF northern iron at Chicago. Finished pro.
| ducts do not change In quoted prices, although
| quotations are less shaded than OF late tc
secure business, and there is strong belle
that after week there will be- n marked
change. The known orders deferred unit
after election would by themselves suffice
to employ the works for a considerable time
Failures for the week have been 270 In tn,
| United States, against 27S last year, and Al
In Canada, against So last year.