Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1898-07-21
DUN'S WEEKLY REVIEW
Thinks it Doubtful If the War Loan Will
Allow ANY Increased Circulation.

New York, july 1j.-Dun's review to-
morrow Will say.
The new loan has proved "A stupcnlous
success, over Sl.30O00O,0OO having been
subscribed, and it is now the question of
chief interest whether any banks will get
enough after personal subscriptions nave
been accepted to support further circulH-
ton. InduStrialS are at the lowest point
for the year and therefore the records are
the more impressive.
the decrease in output of pig iron from
22j,37S tons weekly June / to 2l6.Sll July l.
mostly due to useful stoppages for repuirs
Il little before July | carries with it a de-
crease of 42l6 tons weekly in unsold
stocks. If the first and last of the mont I
represented average production, the guam
tity consumed in manufacture would be
3.S per cent less than the highest ever at
tanned in May, small decrease for mid
summer, but in fact the average produce
tion was larger and decrease in consump-
ton was smaller. Just when stagnation
Is customary very many mills are crowd
cd with orders for months the Illinois rail
mills until December or later with safes
this week of 1900 tons and structural
works with Il few contracts for 10000 tons
while larger demands appear for cars
plates and sheets and better demand for
bars at the East.
1t is still between seasons for wool but
a few large purchases indicate some dis
position for business and the demand for
wooden goods Is better though prices for
some have been reduced, and the compe-
/ titlon as to serges seems likely to be eX-
ccssiNc Sales of wool were but 7,64l 200
pounds. J,j2l 200 being domestic, for two
weeks of July against 24,572, 500 pounds
last year, of which II. 965, 900 were domes-
tic. One sale of 100000 pounds territory
at prices lower than are being paid by
Boston parties in Montana looks like bust
ness in the future. Cotton has been stea6 y
/ In spite of good crop prospects, owing to
larger foreign buying. The mills in this
country are doing their share and the de-
mand for goods Is gradually growing bet
ter.
Wheat has been dropping in price under
estimates of $4,000. 600 to no 600 OGO bushc' s
this year, which seem 10 be at least as
well warranted as over conservative esti-
mates by the same parties last year. In
jury in crops Is heralded; abundance in
old region gets notice Western receipts
are moderate as yet but the Atlantic ex-
ports for the week were l,7l9,759 bushels
flour inCludedD against 1.6ll, 400 bushels
last year and Pacific exports 52l,5 bush
els against 1878 bushels last year ana
| for two weeks the exports from both
coasts have been iSsi.il2 bushels against
3,5S.9O9 bushels last year. The foreign
OUTLOOK has much improved and the de-
cline in price during the week was about
five cents for spot and 3iac for the near.
est option Corn exports are decreasing
rs is natural. 2,55709S bushels In tive
weeks of July against 1859, 3l5 bushels last
year. The price is nearly 1c stronger.
Failures for the week have been 2l5 IN
the United States against 1858 last yeai
and in Canada 2S against q last year.
BANK CLEARINGS.
New York, July 15.-Bank clearings al
81 cities for the week ending July H. al
telegraphed Bradstreets were as follows
Totals for the United States, 81, 20i, 4l4,
s7S; increase 1856: total outside New Yorl
StSs, 527, $685. increase SIS.
Totals for Dominion Of Canada s216ii,
lf27; increase 2l.4