The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-06-13
OUTLOOK UNCHANGED
Nothing Startling Reported in
the Business World.
R. G. DUN e. C0MPANY'S REVIEW.

Prices Are More Nearly In Accord with
Actual Relations of Demand and Sup
ply-Goyernment Report Uas Not AZ
fected the Price of Wheat-.Iron Out
look -Failures.
NEW YORK, June 13.-R. G.. Dun &
Company's weekly review of trade says:
Speculative reaction has not in the least
changed the business outlook. The fic-
ticious prices made for wheat and cot
ton meant no good except for individu-
ais, and the change to prices more
nearly in accord with actual relations Of
demand and supply, only conforms to
conditions which have been well known
for months. The attack on stocks on
Wednesday was SO plainly artificial
that It's influence passed with the day
and neither foreign relations nor i'll do
mestic business was there anything to
justify alarm.
The government report as TO wheat
indicated much smaller Weld than
anybody really expects, but that has be-
come SO much the rule that the report
had no real influence, and the principal
effect was the serious depression caused
by large sales in anticipation of the re-
port, which seemed to be thoroughly
known i'll advance to some spectators.
While Atlantic exports for the week
We're 1883, l5S bushels, flour included,
against only 800, $40 last year, the COM
parison is obviously exceptional and
sRlificant, while the receipts at west
ern ports of 2,429,345 bushels, against
1,3S6,230 last year, shows persistenCy of
conditions which have governed the
movements during the whole year.
The government estimate as TO cotton
was Unexpectedly favorable, and has
caused decline of more than half
cent in a single week, but 1t is only just
to say that some reaction from artificial
prices would have come earlier if infor-
nation much more reliable than that of
the government had not been persistent
ly discredited.
1t is not the time to look for marked
improvement in industries and the best
thing that can be said of them is that
none have as yet been seriously dis
turbed by threatened labor difficulties.
1t seems not improbable that all such
difficulties may be averted, except per-
haps the controversy about wages of
iron puddlerS and tin plate workers.
The output OF pig iron June l was
1920 tons weekly, against 1S9, 1898
tons May l. while the stocks unsold,
excluding those held by the great steel
companies amounted to 7S5, 943 tons,
against 100, 5S2, May l and only 525, 6l7
January /. These figures show that
while consumption is fair, it is much
below the actual output of pig iron aud
markets are extremely dull because u
great number of orders for finished
products are being kept back by uncer-
tainty regarding the maintenance Of
prices by the various pools and cOmbi-
nations.
The billet pool has been able to make
its first large sale, but with a guarantee
of the price for months to come, while
middlemen are still selling billets at
Pittsburg cents to 81 per ton lower
than the pool price, and the apprehend-
ed weakness i'll finished products has
clearly appeared, although the nail asso-
Citations, by taking i'll the Pittsburg
Wire company and Back d Company of
Pittsburg, has been able to hold prices
for time. But steel bars have been
sold at | cent against one-half cent
asked i'll the same market for iron bars.
Other changes i'll quotations are not ma
terial, but in all the markets the tend
ency is toward lower prices.
The textile manufacturers are making
no improvement. The .ccmulltiol of
cotton goods continues, print cloths
have declined to the lowest point ever
reached, and general stoppage to re-
heve the market is expected.
Sales of wool i'll two weeks of June
have been only 1923, 500 pounds,
against II, 561, $50 last year, and no gain
Is expected i'll the manufacture for some
time to come.
Failures for the week have been 246
i'll the United States against 24l last
year, and ~ i'll Canada against "a last
year,
HUNTING UP HIS RECORD.