The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1896-08-27
CURTAILMEST CUTS NO FIGURE
Manufactured Products Continue De
pressed In spite OF It,


New York, Aug. 22.-R G. Dun &
Co.'S weekly review % trade tomorrow
will say:
Political events of the week had no
definite influence upon business pros
poets for the phenomenal yaria tlons
In sterling exchange and the beginning
OF imports of gold may be fairly at
tributcd to the accommodating excess OF
merchandise exports over imports, to
which attention has been repeatedly
called. exports from New York for the
past two weeks having been 20 per cent
larger than imports here, q per cen.
smaller than last year The rapid
movement of grain and the unusually
early marketing Of cotton tends strong
ly to aid the banking syndicate which
has undertaken TO regulate foreign ex-
change.
Speculation has advanced wheat over
i cent during the week, corn a small
fraction and cotton sc, the principal
motive power being reports of injury
90 growing crops As before, the un-
favorable accounts respecting wheat
are In some measure discredited by
the continued heavy movement from the
farm, western receipts having been 1O,-
6s7,l bushels in two weeks, against
6,759,363 bushels last year With pri-
movement cannot be interpreted as
sign of deficient yield. The Atlantic
exports for the same week have been
Hour Included, 4.S92, $50 bushels, against
1885, ,2S3 last year, and while the in
crease Is encouraging. II scarcely cor
responds with current accounts of de-
ficient yield in some foreign countries.
The movement of corn continued heavy.
although the price is still so low tnat
one wonders why the product Is put
into cars instead of into hogs. The
alarm about the destruction of cotton
mas ben most vigorously worked here
and abroad, and has really raised the
price although II IS yet to be seen
whether the yield has been so far d.
minished as 10 warrant a price nearly
a cent higher Than a year ago
Some additional heavy failures IN
the lumber trades call attention 10 the
continuing depression which appaars
10 result, at least in part from expec-
tatiors entertained by many that the
untimeiy increase IN new building dur
Ing the past year would be permanent
The iron and steel manufacturers re-
port depression. Besemer pig has sold
at slo40, and nearly all finished pro-
ducts are being sold below the current
quotations. There Is a rapid curtsil-
company having only seven OF its sew
enteen furnaces at work, but In spite
OF this. the supply OF finished products
appear to greatly exceed the steel rails
10 Japan for refitting railways In that
country, which makes an aggregate
OF 5000 tons exported during the year.
Nothing encouraging can yet be said
regarding the WOODEN manufacture. and
the demand for goods. even at reduc.
tion in price, is still disappointingly
small. Sales Of wOols at three chief mar.
kets have been only 100000 pounds
In three weeks, against 1881, 200 last
year and 2S.3sl 400 In the same week ci
1892. A heavy sale OF cotton goods
broubht prices which were considered
quite encouraging. and the current de.
mand is fairly maintained. although
the mills are not in condition 10 mako
large contracts for te future. IN View
Of the rise in raw material. In gen.
elal. The working force for the textile
branches does not appear to have In.