New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1898-06-13
MONEY AND BUSINESS.

With some weeks Of the year remaining 'his
crop year has already witnessed exports Oh
90. l2g1SI bushels OF wheat and 2ol'ooo'ooo
bushels of corn In this statement Hour Is IN
cl,ded as wheat and neal as corn except ior
the last six weeks The final report lot ten
months makes net exports Of wheat ana hour
I'm that tins. 1872 BOG 1876 bushels. and In the SIX
weeks which have since elapsed the exports
have been - 9233j1 bushels. The exports OF
corn and meal I'm ten months ending with Aprii
were 16t; 400 G6O and In the last six weeks ex-
norris Of corn alone have been 3J,3oI.Nbo bush-
els Such shipments from the old crop or corn
continuing to the middle of June show that the
worlds deficiency Of food supply was not over
estimated last fail, and also indicate closer
maintenance of the usual consumption or gram
than would have been expected In season Oh
unusually high prices. While No. red winter
wheat in elevator sells at 81 0S. against 81 IL a
week ago the July option has fallen nearly ~
cents. which is scarcely surprising In view OF
,,a extraordinary crop reports which have peeh
u,oo,,.d from official and unofficial sources
,,,o o,,,nut ~ pig-iron usually decreases
little before the first Of July as soou ',a"'
- o,ooea this season for their annual re-
na.rs and the pressure under when all HOW
It., for months seems 10 have re-
shifted In some stopping rather earlier ma
,s,,ai Th,s alone Is said TO be the cause Vi
,a.roosn IN the weekly output. which was ohiy
oo- oos .ons on June l. against 234 Io'5 on May
, 49,. tho known unsold stocks decreased loif-
800 ,,,rir, tho month or 4.U96 tons per WEEK.
e.,,osi,, that production was about the aver
400 ., the reports at the beginning and the e"u
% 80. ,,or,b u NAV be inferred that the actuai
,sur,n.,on OF pig- iron in manufacture was
go 80 ,ors IN MAY or 233,SI6 tons weekly
oua ahor, : 600 tons more than In APRIL wheh
-, s,ocLs Increased ASS tons weekly. ms
=, 49,, ,,erelv the highest consumption iho-
Gated this year. but the highest ever 'i''''"'e
=, - or,b nv the reports OF output ana
s.ocl which are presumably as trustworthy ana
,,,ro,a as they have been at any FORMER t'i'e'
No decline in prices appears except IN oou'he'"
n,y owing 10 the rupture OF the agreement re-
,,, saIas Ressemer at PittsDurs ana
+, cuco-,or charcoal Mt Chicago are rather
a.n..,oo- &, tome and the demand for hnsheo
nrod,,cts continues surprisingly heavy espe
ot,uy for now buildings ard bridges. ana TOT
,,,,.ar,als used in agricultural implement ana
car manufacture at the West
,vbua Tin "a firm at 1870 cents. with sra"
orr,,ols and higher quotations ut London other
minor metals and tin plates are rather weaker
-r,o o,,,nut Of connellsville coke has been re-
arced IN 147 46e tons weekly. and while - q"
10 s.il demanded IN regular contracts, ou'si"e
Gales are reported at 81 - Of qualities not the
hs, krovyn The Eastern shipments OF poo's
and ehoes are as before. larger than III any
o,ber voar executing 1896 and 1So1. having Tor
tho voar thus far run much beyond those OF
o,, o,hcr wears. and new orders stu come
,oruord in considerable number; but the main
,oafure * the general urgency FOR DELIVERIES
ahead ~ the. time named in contracts Inc
c,tsuming demand has evidently reduced the
s.ocks Of dealers much faster than they eN-
,ac,d Prices are held fairly steady, aithoush
,oo,her and hides tend higher. 1t Is not easy
., reconcile the course OF hides In the ChicaRo
,,o-kc, with the record OF cattle slaughtered
a, the four chief Western markets IN MAY
aoa 80 head against 426.02s last year. and In
Nv. months ending with May 2.loo,sVo head'
against - los .G32 last year.
Hallway traffic continues TO provide the Ues'
possible basis for n strong stock market r'h''
hound tonnage from Chicago during the last
Tour ,re.ks has been $50 1870 tons. against 10
,i7 IN the same weeks OF last year and 2ol'o'o
&, the game weeks Of 1892. Westbound tra'hc
70 aIso highly satisfactory, and the earnings OF
oil roads reporting in the United states are III
.pu,,a Revlew' expressed In percentages 10