The star. (Reynoldsville, Pa.) 1892-1946, 1896-10-14
TRADE PROSPECTS IRE BETTER.
DUN'S REVIEW.
India Taking Much Wheat From the Pacific
Coast States.

II. q. Dun n Co.'S weekly review OF trade
says: Distinctly better conditions have ap-
peared OF late and are reflected in somewhat
lnrger employment OF labor, Ia larger trans
actions, and In continued buying OF mater
ials for manufacture.
A great part OF the change IL due to those
resistless laws OF supply and demand which
take wheat where IL IL wanted, and gold
where It is wanted. India Is waiting for
cargoes of wheat on the way from Pacific
coast states, Just ns Australia and South
Africa were not so long ago.
The surplus usually available from India
disappears and the surplus from Russia and
European countries IL reduced, according to
this country has supply which official ac-
counts have not correctly measured. II ac-
tual movements do not greatly mislead.
Western receipts for the week were 7.243, 800
bushels, against 1851 ,44 bushels last year,
and this follows an increase OF 1900, 900
bushels In receipts during tho quar-
ter ending September 20. Atlantic exports,
2,0C9,0I1 bushels, flour included, for the
week, against ,707 ,62g bushels last year, are
not yet 30 large as to force prices upward II
European buyers, based on European needs.
did not control our markets. feature OF
large large Importance, too, Is the unusually
heavy foreign demand for corn, which Is
rarely failing sign OF deficient crops abroad,
and the other grains are used instead when
wheat becomes scarce and denr.
Iron furnaces In blast October 1 had n
capacity OF 112, 1872 tons weekly, against 120, =
600 tons September aud ,3O6 tons Nov
ember l, last year, while unsold stocks de-
creased 1882 tons, but II those OF steel
making concerns were included would prob
ably show an increase. Buying OF materials
continues. but bessemer is n shade weaker,
s1L4O at Pittsburg. The demand for pro-
ducts IL so light. and so much business Is
held back pending the election that decreas-
ing output Is not an unhealthy sign. There
IL quite good demand for sheets, especially
at the West, and rather better for pipes. and
outside concerns are getting large contracts
In steel and iron bars and in nails, but prices
have not been reduced. Minor metals change
little. with slightly better demand for copper
Lead quiet and tin weaker, because the
visible supply 35,40O tons,is 5000 tons great
er than year ago.
Some competing manufacturers are max
ing large sales Of 10O-pound tin plates al
| $500
| Textile manufacturers are gaining little
and the buying OF wool by large mills covers
| 1862, 800 pounds for the week. against IL :
| 2i9. 200 pounds last year. Prices advanced
about / per cent In September and have
since advanced even more, though few o
the mills have orders for long lime. Buy.
ing Of cotton has been checked by heavy re.
ceipts from plantations, II, ,222, ,2s7 bales hav
| Ing come into sight In September, agains
b42,394 bales last year. The price dropped
seyen-sixteenths for the week and fewer nov
have confidence in crop OF only 100000
bales.
Failures for tho week were 29G In thu
United States, against 26s last year. and Al
In Canada, against 81 last year.