The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1898-06-25
WORLDS MARKET
AT OUR COMMAND
Gold Comes and Goes Just as United
States Wills II.
COLLAPSE OF WHEAT DEAL
Did Not Cause the Expected Decrease Of
Shipments For Export.
OFFER OF BONDS BY GOVERNMENT
Brought Out at the Start Bids For More Than
Three Times the Amount Offered
Pttsburg Iron Market Dull
Weeks Failures.
OFFER OF BONDS BY GOVERNMENT

New York June PAR. G. Dun & Cos.
weekly review of trade will say to-
morrow:
Very little business, seen in proportion
to the aggregate, has been caused by the
war. Not any, discoverable by ordinary
tests, has been prevented by the war
Neither has the collapse of the wheat
speculation caused the EXPECTED decrease of
shipments, for exports continue remarka-
bly, large. Gold comes or does not come as
we want ut, the worlds market being evil
IDENTIFY at our command. An offering Of
bonds by the government brings out at the
start bids for more than three times the
amount offered, while the popular subscrip-
ton already for three-quarters of the
amount exhibits in strong light the conf
dence of the people.
Wheat ceased to fall and begins to rise
in price because foreign needs are not yet
satisfied. Atlantic exports for the week.
flour included, 3,246,205 bushels against
1,4459l7 last year and Pacific exports 517,153
against S70S9 last year and the demand is
not of speculative character.
Worlds Need of Grain
The worlds need of grain is greater than
ever, and 213,S2l ,567 bushels of wheat and
already, with a week to spare for more
than was ever before exported in one year.
After falling to so cents for cash and 1I%
for july wheat rose to SO for cash and 70
fr July with freign demand.
Corn was steady without much fiuctua-
ton, exports being 1854, 1913 bushels for the
week against 1922 bushels last year.
OF one grain, the exports have been usually
heavy.
The industries at the season when stop
pages are to be expected maintain produce
tion surprisingly. There are very few in
terruptions on account of labor, and wage
scales for the coming year have nearly
all been amicably settled The iron indus
try is very dull at the east, with the COM
plant in prices; but at Pittsburg and the
west the works are getting more business
constantly and are even competing so
sharply that prices are slightly lower for
bars, cut nails and gray forge; while south
ern iron is also offered lower there than at
the east. The enormous demand from ag-
ricultural regions for implements, fencing,
cars, railway equipment and all sorts of
building iron are noteworthy features.
Minor metals are fairly steady, with tin at
$15.2
Lead is stronger at 1886, with only mod
crate transactions.
Wool is stronger a shade. The future of
trade Is in doubt though with more hope
full prospects. Sales of wool have been in
three weeks only II sos. 300 pounds at the
three chief markets, against 29,1S5, 100 in the
same weeks last year. and %, i2S 200 in the
same weeks of 1892
Cotton has weakened 3-16 with excellent
crop prospects, but a larger demand for
goods is seen, though not yet enough to
cause any advance in prices. Reports of
distribution are generally encouraging.
Failures for the week have been 2S5 in
the United States, against 216 last year,
and II in Canada, against "a last year.