The star. (Reynoldsville, Pa.) 1892-1946, 1899-07-19
TRADE REVIEW
The Volume Of Business Greatly in Excess Of
That OF Last Year.


r. G. Dun & Co.'s Weekly Review of
Trade reports as follows for last week:
Because every prospect pleases" it. is
the right time to watch most closely
Tor signs of trouble. But IL is not easy
to find them when the volume OF busi-
ness is 6&l per cent larger than last
year and I5.5 larger than in 1892, the
best OF all years except the last, or
when failures continue the smallest
ever known. or when the exports OF
staples begin to improve materially,
or when railroad business is by far the
best ever known. or when New York
bankers appear in international opera
tions listening to Russian inquiry and
undertaking a Mexican loan.
Even the industrial disputes incident
to the season cause less trouble than
usual, the largest of them having been
settled Thursday by the tin plate COM
pany. The Bank of England finds 1t
diihcult to borrow money from this
side, and frankly raises its rate, while
this country begins to ship fresh crops
for which Europe will run into debt.
Iron production in the first week of
July was 263,363 tons, for the past two
weeks less because a strike July /
closed seven Shenango furnaces pro-
ducing 1,200 tons daily, though II is ex-
pected to end to-day, and several other
furnaces have begun production this
month. The increase of 1901 tons
weekly in June, with a decrease of S0,-
900 tons in unsold stocks not of the
great steel companies, implies a pro-
duction OF about 1,l2S,690 tons in June.
Consumption would be 100000 tons
and in the half year 6,s44,2l5 but for
the fact that steel makers have stocked
heavily against orders running
from outside supplies. so that con-
sumption may prove only 100000 tons,
or even less.
Copper is a shade weaker at 1SAc for
lake, government reporting the output
In 1895 as 526375. 39l pounds. Tin is
strong, with London speculation at
2S.S5c. ana lead Is advanced by the
smelling company to 4.55c. The larg-
est shipments OF boots and shoes in
any year for the season, 193.0S0 cases in
two weeks, greater by ia per cent
than last year. Sc per cent than in
1897 and 29.4 per cent than In 1892, re-
suit from very extensive pressure to
anticipate orders for August or Sep
tember, distribution far exceeding ex-
pectations, but there are reported with
such appeals not nearly es large though
numerous duplicate orders. Hemlock
sole leather sells largely. but some
kinds slowly, with slight yielding In
prices.
III WOOL great speculation Is III
progress. sales in two weeks reaching
22, 2,261, 100 pounds, against 24,572S00 in
1897, when the buying was to antici-
pate new duties. 1t IL worth noticing
that no purchases by manufacturers
are mentioned, save one for 400 900
pounds though there is much calcula-
tion that the manufacturers must
buy" at any price asked. Western
frenzies sometimse make Eastern
markets, but as rule consumers make
prices in the end.
In striking contrast with official and
other wheat reports are the recorded
receipts at Western ports, .S0sS.l46 bu
In two weeks. against 1.471.739 bu. las t
year. 1t is not strange that prices
have declined 1Mc. and exports, -four
included, were from Atlantic ports In
July thus far 41S5.9l4 bu.. against a.
0S3.312 bu. last year and from Pacific
ports 1.010,4S bu., against S01 100 bu.
last year. besides 5O5.5S5 bu. this year
from other ports. Corn experts are
also surprising, 5.S15.214 bu. in two
weeks against 2,557,09s last year. but
less surprising than Western receipts,
1O,512,Sll bu. against l.b61.071 bu. last
year. Nevertheless the price advanced
xc. -