The star. (Reynoldsville, Pa.) 1892-1946, 1898-06-29
TRADE REVIEW.
No New Business Has Been Delayed Thus Fa, BY III Q
War-Few Labor Interruptons

II. q. Dun d CO.. Weekly Review of
Trade reports as follows for last week:
Very little of the new business seen,
In proportion to the aggregate. has
been caused by the war Not any, dis
coVerable by ordinary tests, has been
prevented by war. Neither has the
collapse of the wheat speculation
caused the expected decrease of ship
ment for exports continue remarkably
large. Gold comes or does not come
as we want IL, the worlds market be-
ing evidently at our command. An Of
fering of bonds by the government
brings out at the start bids for more
than three times the amount offered,
while the popular subscription already
for three quarters of the amount ex-
hibts I'm strong light the confidence 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 were, -four included. 3,2i6. 205
bushels, against 1.iij.9i7 last year and
Pacific exports 517.153, against s7,OS9
last year, and the demand Is not of a
speculative character. The worlds
need of grain is greater than ever,
and 2l3,S2l,56I bushels of wheat and
2oI.S11,4S3 bushels of corn have gone,
far more than was ever before eX-
ported In one year. After falling to
soc for cash and II 3-4c for July, wheat
rose to S3c for cash and 79c for July,
with foreign demand. Corn was
steady, without fluctuation. exports
being 2,514,72S bushels for the week
against 1,660,922 bushels last year. OF
other grain, exports have been unus-
ually heavy.
The industries at the season when
stoppages are to be expected maintain
production surprisingly. There are
very few Interruptions on account of
labor, and wage scales for the coming
year have nearly all been amicably
settled. The iron industry is very dull
at the East, with complaints that
prices do not rise, but at Fittsburg
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,
steel rails and gray forge, while south
ern iron Is also offered lower there
than at the East. The enormous de-
mand from agricultural regions for
implements, fencing, cars, railway
equipment and all sorts of building is
the noteworthy feature of this re-
markable year. Minor metals are fair
ly steady, with tin at 15.2 cents. Lake
copper at $l1.I5 with 22,74l tons pro-
duced in the United States and 6,4s6
tons abroad in May. and lead is
stronger at 395 cents, with only mod
crate transactions.
Wool is stronger a shade. 100 quo
tations by Coates Bros. averaging
1872 cents. against 1854 cents in Jpne;
but because of western demands,
which are relatively 4 cents above
prices which manufacturers will pay,
excepting to fill immediate orders. AS
the future of the trade Is in doubt,
though with more hopeful prospects.
sales of wool have been in three weeks
only 1895. 800 pounds at the three chief
markets. against 29,5S5100 in the same
week last year, and 23.72S,200 pounds
in the same weeks of 1892. Cotton has
weakened three-sixteenths. with ex-
cellent crop prospects, but a larger de-
mand for goods Is seen, though not as
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 PIG last
year, and II in Canada, against "a last
year.