The copper country evening news. [volume] (Calumet, Mich.) 18??-1907, 1896-07-13
CONDITION OF TRADE
As It Is Reviewed by r. G. Dun
& Co.'s Agency.
CONVENTIONS ADD TO DULLNEss.

The Wheat Market Advances q Little
While other Speculative Markets Are
stsgnant-The Iron Trade Unsettled
tion to Defer orders-Exports of Wheat
and FIour-The Condition of Crops.
NEW YORK, July l3-R G Dun g. Co =
Weekly Review of Trade says With
political convention in progress directly
antagonizing the position taken on the
money question by the convention of last
month, IL is natural that there has been
uncertainty about the future TO intensity
the dullness expected at this season The
wheat market advanced "A little, while
other speculative markets were stagnant
Or slightly declined, but its small advance
was mainly due TO reports of foreign crop
reports and need There are many who
believe that the decrease in yield this year
has been underestimated, and part of the
dispatches gathered by Duns Review last
week tend to support that view, though
practically all the returns from what are
now the chief wheat growing states were
cheering
Exports of Wheat.
Less favorable accounts appear this
wise on both sides TO remember that i'm
spring wheat states, which have this year
TO make up for some loss elsewhere, the
crop will not be out Of danger for some
weeks Actual movements continue TO
indicate very large supplies i'm sight, west
ern receipts for the week having been p,
923, 400 bushels, against l,095, 634 bushels
last year while the foreign demand does
not at present cause very large Atlantic
exports. which were for the week, -four
included ,2g9, 756 bushels, against l,l2i,
65l bushels last year Corn and oats
promise so well thus far that prices do not
advance, althou yh exceptionally low al
ready. and some meats have made "a new
record for cheapness. Serious apprehen'
sion regarding injury by drought To cot
ton in Texas seemed justified by some
dispatches published last week, SO that
| telegraphic advices of somewhat different
nature are welcome Whether the rain
| is i'm season or sufficient is not known, nor
| the extent of injury said to have been donc
| by excessive rains in some Atlantic states.
Heavy stocks in Mills.
But with the large increase of acreage, a
| yield Of at least fair proportion seems 10
| be probable, and in view of heavy stocks
/ carried I'm mills and markets here and
| abroad and mills closing quite extensively
| TO permit tightening of accumulated stocks
of goods, large yield could hardly prove
more beneficial TO the producers. Not
| much can be said of market SO flat as
| that Of iron and steel products, but part Of
| the activity is strictly seasonable, part is
| due TO still unsettled questions about
| wages, and much more TO general dis
position to defer orders until the future Is
| clearer. Whether prices for finished prod
ucts are too high or not, they averag'
relatively at least 10 per cent. higher than
prices of pig iron, which necessarily
causes inaction when pig iron is going
lower Bcssemcr fell this week to Sl2 al
Pittsburg, and gray forge to $40, but some
| contracts of Importance have been placed
| one for 1900 10 5000 tons for new build
ing on Park Row, and another for l3.OOO
tons cast pipe for Fifth avenue is pend
| ing Quotations for finished products arC
| not lower, but are sometimes cut.