The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-08-15
REVIEW OF TRADE.
Weekly Report of the Condi-
ton of Business.
HEAT HAS AFFECTED BUSINESS.

cording to Government Reports - Official
and Unofficial Estimates of Wheat Yield.
How 1t Goes in Iron-R. G. Dun s. Com
pany's Report.
New YORK, Aug. 15.-R. G.. Dun d
Company's weekly review of trade says:
An extraordinary spell of deadly heat
has affected trade throughout the coun-
try and in the east speculative feeling
was somewhat affected until Thursday
by apprehension Of the possible infiu-
ence of the Bryan meeting. With
cooler weather there came also on
Thursday perception that the meeting
would not affect business unfavorable.
But other conditions were not stimulat-
ing. According to government reports
the crops have sustained serious in
juries.
Labor difficulties extend and the clos
ing of establishments for want of work
and the refusal of commercial loans by
banks, checked operations in many
branches of industry and trade. The
week therefore closes, as the last week
did, with domestic business unusually
dull for the season; measured by clear
ing house changes it was 8 per cent
smaller than last year and l5.5 per cent
smaller than in the same week of 1892,
the last year of full business at this
season.
Government crop report for August
was SO gloomy that great rise in prices
would have followed if it had been en-
tirely credited. In fact wheat rose
about one-half cent but again declined,
closing only fraction higher for the
week. Corn declined throughout the
week, closing over cent lower. Cotton
advanced a sixteenth because of con-
tinued reports of injury. 1t is wise to
remember that the government accounts
were based on returns prior to the fear
full spell of heat and hence may be more
nearly correct than they were when
prepared.
But official and unofficial estimates
of great decrease in wheat yield are con-
fronted with q movement from the
farms of 1850, al bushels for the week,
against 1895. PAP last year, and it scarce
ly seems reasonable to believe that 90
700, 600 bushels would have been mar
keted since July 1 this year, against
ii, 1928, 1862 last year, if the yield had
been smaller with the price 8 cents
lower than year ago. Atlantic ex-
ports, -four included, l,492. $50 bushels,
against S89, 30l last year, are not enough
to account for the difference. No one
now questions the probability of very
large yield of corn. But the advance
of common to 8.12 cents caused large
selling and reaction, although turn
upward on Friday took the price to
8. 10 with moderate trading.
Corn production was reduced 20, 764
tons weekly in July, and has been fur
Their reduced since Aug. /, while unsold
stocks increased &c, 1872 tons i'll July.
The stoppage of a large share of the
Connellsville coke works and of many
lake iron mines is fair indication that
the two combinations do not believe
anything could be gained by reducing
the prices of materials, and the main
difficulty is obviously the extreme mar
rowness of the demand for finished
products, which is SO small that most
transactions are at some concessions
even from the current low prices.
With Alabama No. 2 offered at S. 80
at Birmingham, equivalent to $l025
here, against $11.50 for northern No, 2,
the market is not large enough to sup
port prices of either. Copper receded to
its quotations before last week. Tin has
been sold below current quotations at
$780, and with sales of 800 tons lead
weakened to $2.75.
The WOODEN manufacture makes little
change with not more than third of
the machinery now running, and the
demand for goods does not improve, al
though prices of some important grades
have been further reduced.
Sales of wool at the three chief mar
kets for two weeks have been 4,791, 900
pounds, against l4,473, $50 in the same
weeks of 1894 and l6,436,302 in the
same weeks of 1892. Nor has improve
ment appeared in common goods, al
though the curtailment of production
for some weeks has been great.
Failures for the week have been 296
in the United States, against 1856 last
year, and SO i'll Canada, against 38 last
year.