The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-10-24
BUSINESS FEATURES.
r. G. Dun & Company's Week
ly Trade Review.
ADVANCE AND FALL OF WHEAT

Foreign Demand Has Caused Rapid
Movement-Corn Moves Largely and at
Lower Prices - Contracts Conditioned
Upon the Election Slight Advance in
the Iron Market.
NEW YORK, Oct 24.-R. G.. Dun e.
Company's weekly review of trade says
The event of the week has been the sem
sational advance of wheat to SO cent
for cash on Tuesday, rise of 1-2
cents, and its fall to n on Thursday,
gaining 5-S cents on Friday. The rise
was magnifed by covering Of specula-
tive sellers who imagined the advance
had gone too far, but was at the bottom
based ON an extraordinary foreign de-
mand, which has engaged grain vessels
from all Pacific as well as Atlantic ports
for months ahead How great the
shortage in ordinary European supplies
may be is the point of doubt, and spec
ulation, but none now question that
shipments from Pacific coast to India
and the decrease in Russia's yield are
important and the buying of enormous
quantities for export, with engage
ments of freight room at higher rates,
express the belief of European dealers,
Wheat exports from the Pacific coast
are large and over 100000 bushels per
day have been engaged ahead for some
time. The Atlantic exports, about 900,-
| 600 bushels larger than last year for the
same week, have been i'll October $780,
213 bushels, flour included, against
$685. 1888 last year.
Corn moves largely and at lower
prices, having declined a cent on the
week. Cotton has advanced a sixteenth,
to cents, with only moderate transac-
tons and heavy receipts from planta-
tons. Estimates of yield vary all the
way from Mr.. Neill's 9,000,0 900 bales to
much less than 100000, but the inn
preston grows that the yield will be
large.
The most striking feature of indus
| trial returns is the number of contracts
conditioned upon the election. These
already are enough to make business
rather lively for a time, and many
others are pending which will probably
be held back until Nov. 1. The buying
of materials not only advances prices,
but induces larger purchases Of the fin
ished products without conditions.
Leather has risen 1-2 per cent with
general demand, though mostly in
hemlock sole and union, and hides at
Chicago have been advanced still far
ther by packers, though country hides
do not rise at all, and some are lower,
but the average Of all is 6 per cent
higher.
Buying Of Bessemer pig at Pittsburg
causes a slight advance and all markets
are strong for pig, but not for finished
products. Very low prices are made
for speedy delivery by mills wanting
work. But the tone of the market is
better, and a decided increases of Or
ders appears i'll plates, about 5000 tons
for building vessels on the lakes and in
structural work at the west, owing to
contracts taken at Chicago for buildings
at Boston, Toronto, Detroit and Mime
apolis.
There is also great demand expected
for bars, and the association offers to
sell iron until Nov. to jobbers and
large buyers at 100, while steel bars are
selling largely at l cent. A reduction
in rails is expected. But the rail season
is over, and the billet pool has little
business.
A sale of about 100000 pounds was
made of lake copper at 10 1-2 to domes-
tic consumers.
Tin is a shade higher at 1880.
Failures for the week have been 214
in the United States, against 231 last
year, and 60 in Canada, against 80 last
year.