The star. (Reynoldsville, Pa.) 1892-1946, 1898-08-03
TRADE REVIEW.
The Promise Of General Prosperity This Year Is un-
usually Bright-Lsrge Crop to be Moved,

r. @. Dun & Cos weekly review of
trade reports as follows for last week.
Big business i'm January is expected,
but big business In July means more.
1t Is the month of all others when trade
is naturally light. New engagements
are ordinarily deferred, and men wait
for the outcome and movement of
crops. But more business is being
done this year than in any previous
July of which there are records. The
payments through clearing houses
have been 5.S per cent larger than i'm
lS92 the year of greatest prosperity
heretofore. and for the month thus far
so per cent larger than last year and
S.4 per cent larger than in 1892. But
these records and others have to be
Judged in the light of heavy decline i'm
prices since 1892, so that the volume of
business transacted is about 20 per
cent larger than the volume of pay
ments indicates.
Considering that the purchases of
nearly half the people depend on the
success or agriculture and that the
prosperity of the entire transporting
interest is materially affected by the
size or crops to be moved, 1t may be
said with reason that the promise of
general prosperity this year is unusu-
ally bright. Wheat receipts for the
year thus far have been ?,993, 1888 bu-
shells. against 10.652.074 last year, but
prices have declined IL 1-2 cents, and
farmers are holding back their wheat
In the hope of higher prices. The ex-
ports for the week have been l,3O7sl5
bushels from Atlantic ports, flour in
cluded. against 1,7lS.73S bushels last
year. and from Pacific ports 112.1lT
bushels, against 429,291 bushels last
year. making for the month S,SS3, 1872
bushels. against 7,342.467 last year.
Corn has little advance in prices ow-
Ing to reports of injury to the crop and
also because exports for the month
thus far have been sngularly well
maintained. amounting to S,7e7, ,9ss
bushels. against s,0o9,616 bushels last
year. Wheat. on the contrary, has
dropped about l-2 cents, with pro-
spect Qf further decline.
Ike sales Of wool show a remarkable
Increase In large transactions, for
which NO prices are named, four being
quoted at Boston covering 100000
pounds. and the aggregate at the three
chief markets has been 1888, 800 pounds
for tho week and for four weeks 49,
sl9. 200. OF which l2.5l1.400 were dom
este. against 46,0l9,200 last year, of
which Il. .53s, 500 were domestic, and 32.-
6S9.950 In 1892. of which 21,44S, 300 were
domestic The demand for goods is
rather better.
1n6 OFFICIAL report or Iron production
for the first half of 1895 shows an in
crease OF over half a million, as COM
pared with any previous half year, and
what Is Tar more important, the con-
sumption in manufactures appears for
the half to have exceeded the output.
Estimating the exports for June only
I'VE month"; having been officially re-
ported. the consumption has been g.
s4s.S4S tons. against 5.909.70 produced,
averaging s9l. 3sl tons monthly, against
sS4,e5o tons produced. 1t is well to re-
member that in June. when production
declined because of stoppage for re-
pairs, the decrease Ia unsold stocks
was AIS tons weekly. The new orders
received are surprisingly large for the
season, covering 5000 tons at New
York for rails and 10000 pending for
Russia. and 5000 for Japan, with 10, 900
taken at Chicago. and a noteworthy
demand for structural forms at Phila-
delphia, and increasing for bars. with
enough to keep the plate mills busy for
a long time. larger demand for bars
at Chicago. including one order for g.
900 tons implement stuff. and an excel
lent structural demand for plates ever
known at Pittsburg. Sales OF bessemer
iron have been heavy. reaching $4,000
tons at Pittsburg, without change In
prices.
Failures for the week have been e25
In the United States. against GAG last
year. and % In Canada, against 20 last
year. 3