The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-09-12
A REVIEW OF TRADE
r. e. Dun & Company's Week.
ly Business Report.
BUT LITTLE CHANGE MADE.


terialized-No Larger Demands For Fin
ished Products-NIost Prices Are Ex-
tremely Low-No Resumption of Closed
Observation-Disclosures For the Week
New YORK, Sept. 12.-R. G.. Dun d
Company's weekly review of trade says:
Better prospects and relief from none
tary anxiety do not yet bring larger de-
mands for finished products, though
large buying of pig iron, wool, leather,
hides, cotton and other materials con
tinue to show a growing belief that a
general upward movement in prices
will come with the replenishment of
dealers stocks this fall. Most prices
are extremely low, so that nothing
more than ordinary demand would ad-
vance them. But bank failures at New
Orleans cause temporary hesitation,
crop returns indicate disappointment in
some cotton and some spring wheat
wheat states, prices of corn and oats
make it improbable to sell at present,
the number of manufacturing works
and mines does not gain, but rather de-
creases, reductions of wages are some
what numerous, occasionally resisted by
strikes, and all these conditions dimin.
ish for time the buying power of the
people. While many think general inn
provement can not come until the cleo.
ton has removed political uncertainties,
others expect soon to see the result an.
ticipated in trade.
Weekly output of pig iron decreased
26,57S tons i'll August to 1870, 900 tons,
against 2l7 800 in November, a shrink.
age of 40 per cent. Other works still
have stopped since September began.
Unsold stocks increased 2,067 tons in
August exclusive of those accommodating
in the hands of great steel companies
Strictly not half the iron making or
iron working capacity is now employed,
and the demand for finished products
does not grow, but heavy speculative
purchases of pig, especially from south
ern works, have sustained prices. If
the extent of private concessions could
be known, perhaps there are less to Sc
cure orders than there were two weeks
ago.
The output Of Connellsville coke was
65,997 tons weekly, against l66, 900 Oct.
6 last year, and 5,640 ovens are at work,
against 3,51l then, with $1,000 workers
now idle.
Sales of wool for the week have about
equalled the normal consumption for
the first time i'll several months, not be-
cause manufacturers have more orders,
or doing more work, for no gain is seen
in the demand or output The buying
is mainly speculative, based on the be-
lief that prices must advance.
No nAnsiloroh1n in,
the enormous stock of print cloths, al
though the output has been reduced
about half for two months, and fifth
Of the years production remains in the
hands of makers, but they have adj
vanced the price three-sixteenths during
the week. For other goods there is a
better demand and manufacturers have
advanced prices because of the rising
cost of material, the average for all cot
tons having risen 5.3 per cent since
Aug. 6, but stocks of many kinds are
large.
The Financial Chronicles annual re-
port, issued yesterday, makes the last
crop of cotton 7,162, ALB bales, the con-
sumption north and south 1905, $40 and
the exports 4,7l2,9l2 during the year.
No account of southern mills stocks is
attempted, and no estimate is yet given
of the crop now coming forward. The
government report is even more gloomy
than year ago, making the condition
the lowest for many years, and there is
no doubt that the damage has been seri-
Gus, as the price has advanced to "a
cents with much speculative buying.
Wheat declined cent, but then ad-
vanced, closing a cent up for the week.
Western receipts still exceed last years
having been in two weeks 11,229,03
bushels against 10,323,2SS last year,
while Atlantic exports, -four included,
have been for the same weeks, 1888, 265 |
bushels, against BATS 72 last year. Ac-
counts of Disappointing relations in
spring wheat states are numerous, but
it is difficult to reconcile short esti-
mates with heavy marketing at low
prices.
Corn is almost wholly out Of danger,
and the yield is generally expected to be
the largest, as the price here is the low
est ever known.
Failures for the week have been 315 |
in the United States, against 1877 last |
year, and AZ i'll Canada, against 81 last
year.