The star. (Reynoldsville, Pa.) 1892-1946, 1898-10-19
Central Stock Yards, East Liberty. Pa.
TRADE REVIEW.
Large Sales Marked BY Small Pronts-Aetivity In
the wh.at Market

the WHEAT Market
II. @. Dun e. Co.'S weekly review of
trade reports as follows for last week
With actual payments through clear
Ing houses 1872 per cent. larger than in
the same week of 1892, II cannot be
said that business IL In any sense fall
ling off, and yet many are complaining
because the amount realized as profit
Is smaller than was formerly realized
In good times. In almost every branch
OF business trade Is now transacted on
narrower margin of profit than In
any other time of fair prosperity.
There Is n great change. and perhaps
permanent one. In the percentage of
profits derivable from trade and manu-
facture as well as I'm the profits OBJ
tainable by transporters. Progressive
civilization calls for n lower range OF
profits and of prices as the volume of
business transacted Increases In order
to make possible improvements I'm the
condition of the working millions.
Wheat business Is more active, with
prices about &c higher for spot and
nearly Be- for the December option.
Very heavy purchases have been made
within the past few days, not as yet
reflected I'm the official record of ship
ments. but the exports from both
coasts. flour included. have been 41O1, =
40 bushels, against 4SS6.015 bushels
L
especially interesting that in spite Of
the general disposition of farmers to
hold back their wheat, the western re-
ceipts have been for the week much
larger than last year, and for two
weeks 20,79O495 bushels, against 49,
696,554 bushels last year.
While some wooen mills have start
ed operation during the week, quite as
many have stopped. Although wool is
about 10 per cent. lower than II was
February !, the manufacturers are not
buying and the market Is remarkably
dull, with sales during the past two
weeks of only 6,179.7 700 pounds at the
three chief markets. against 24,331. 600
last year. and 14,536, 800 in 1896. and 49,
'703,S00 In 1892. The general feeling Ia
that the price of material must decline
before the manufacture can much in
crease Its sales. Orders for goods have
been a little better and a few mills
have resumed operation, but there is
as yet no such demand as Is necessary
to sustain current prices of wool.
The iron manufacture again reports
a small increase In weekly output, 215,-
f35 tons. against 213.043 tons month
ago, and with the decrease In quantity
of unsold stocks on hand outside the
great steel companies. the apparent
consumption for the month Of Sep
tember was 9S3,30 tons. against $50, ,5O3
eastern orders for foundry iron, fully
supporting prices, and Atchison prices
Of local iron are strong. with less dis
position to sell southern pig at reduced
quotations.
The orders for finished products in
clude very heavy demand for plates,
especially for shipyards. several of
considerable magnitude for structural
works covering about $4,000 tons, and
an unusually heavy demand for bars,
especially on account of orders for car
works. although there has been an ex-
pectation OF big break In prices of
cotton ties. In pipes Plttsburg has
been able to place orders for thirty
miles of ten-inch pipe, and other or
ders for 100 miles are practically
closed.
Failures for the week were 205 In the
United States. against 223 last year.
and twenty-five in Canada, against
thirty-six last year.