The herald., 1896-06-04
MARKETS OF THE WORLD
Local, Eastern and Foreign
Commercial Dealings
WALL STREET SPECULATION
The Situation In Hog Products In Detail
Outline
Movement Of Wheat From Primary narksts
end Pros poets Of the Growing Crops.
WALL STREET SPECULATION
Movement Of Wheat From Primary Harksts
and Prospects Of the Growing Crops.
American Gold Coin In Russia

The appropriations of congress indicate
creased.
French paper says European nations
have increased their public debt in the
past decade $4,000 600. mainly for military
equipment and expenses.
The geologicai survey reports the &c. coal &C,
III short tons. in 1895, valued at $lN,512,41a
nan increase of 22.OoO.oOO tons and value of
A pound Of cotton will now buy about
two and one-half pounds of pork or ribs.
Years ago relative values were pound for
pound. Pork and ribs now range about
one-half the average high price the past
ten years. Lard is less than half the aver,
age price; All three products are about 70
In third Of Of century has has pork pork failed to
sell as high as sli.S0. The average high
and the average low price $i2.25. Liquida-
tion has doubles unnaturally depressed
values: Consumption will naturally be at
the. maximum point, and adulteration of
lard, at the minimum point, as the articles
used a re higher than the product. Chicago
saRs agaRs Sfs t. year May N wfps me These
facts command attention. Orders solc-
tied. Our facilities are unsurpassed. Pack
against 100000 hogs.-Clapp's New York
Letter.
from Argentine, India and Australia are
very light. Russia and contiguous Black
sea regions are furnishing Western Europe
with liberal supplies at low prices. Black
sea shipments August l to May IL were
about 152,5s4, 900 bushels. against about 12o,-
amount of wheat afioat and our visible is
now about S3.ooO.00O bushels, against about
eS, 600 600 bushels year ago. France, Spain
600 bushels. against about 24,000. 900 bushels
same time last season. Germany. Belgium.
Italy. and Holland have bought about 16O-
bushels last season. The worlds wheat
shipments now average about Is to q. per
cent more than estimated. Our recent Red
river advices claim grain buyers will prob
ably soon do something they never did b e.
1895 crop. of farmers who have held 1t over
seeding time. which is nov. practically past
the danger point. although seeding in the
province. and about Winnipeg will be con-
tinued all the month. 1t is reported Mani
toba has secured good crop of No. hard
wheat sown as late as the 18th of June
Texas has commenced her harvest. The
reaper Is moving northward and Is now at
work IN Southern Kansas and Missouri.
per day until harvesting IS over. New sam
pies of Oklahoma wheat have been shown
IN st. Louis. New grain has reached San
FRANCISCO. In fact: dozen states or coun-
tries will be reaping in June. Wheat Is
practically sown and reaped every week In
The year year somewhere me Steam and electric
Of miles from consumers. and yet but few
days distant from producers. European
exceeding that grown last year by 10 to 20 20
per cent, or 200 100000 to 800 900. 900 bushels.
Drought, bugs. locusts and army worms
cause damage. to be revealed later.
A Washington dispatch says that the
from from United States &c Consul General Karel.
of American gold held by the Russian gov
sa% ia haSf ted ahed st saes EoS cos IN
N the coffers Of the Russian government.
He was invited, with the consuls of other
countries at st. Petersburg. to witness the
transfer of 5O,OOOOOO rubles in gold (s3S,-
60o,oO0 from the Russian treasury. to the
where it was needed for the redemption Of
Re saw 4 81 756 rubies isli 900 oSS IN ~ vai"e si
of United States h alf-eagles. While the
coinage of all the nations of the world was
represented in this particular pile of gold.
anywhere near the amount from the United
bls rubles Isl 200. ooo) W orth Of ven. while
to the amount Of les than 1.6OO 900 rubles.
LOCAL BUSINESS
r. w. Burnham, manager for r. q. Dun
& Co. furnishes the following review of
local trade conditions:
Jobblng is quiet. Collections still slow.
In retail lines the movement of merchan.
disc is fair, but disappointing to dealers.
for while the volume of business for the
month totals up almost to last years mark.
the fact that there are more houses to di-
vide the patronage causes most firms to
complain of business shrinkage.
Building operations are not being pushed
80 energetically and there is CONSEQUENTLY
a falling Off In demand for all materials for
structural work.
Banks report plenty of money, but only a
moderate demand.
Reported damage to crops has not affect
ed the business situation to any extent, as
there seems to be a certainty Of advanced
prices for the diminished product to make
the usual financial result.
Failures during May number 25: liabili-
tAC ofo o;,,ck 4 ;,,1 1o0-
with liabilities of $77. 600 and assets Of 500, :
800.