Omaha daily bee., 1899-08-12
DUN'S REVIEW OF BUSINESS
Astonishing This Year that Hesitation in
All Lines is So Slight,
IRON SUPPLY EQUAL TO THE DEMAND
Cotton Going Up-wooI n Little Less
Active-slinht Advance In Leather
Wheat supply Greater Than
Estimates,
NEW YORK, Aug. 11.-R. G. Dun's
weekly Review of Trade will saw tnmnrrnw.

NEW YORK, Aug. 11.--R. G.. Dun's
weekly Review of Trade will say tomorrow
After great expansion business hesitates.
rms year 1t is astonishing that the hesita-
tlon has been slight. In one branch after
another buying has halted, only to be fol-
lowed by larger buying.
Inc output of iron furnaces In blast Au-
gust / was 269, 032 tons weekly, CO.'S per
cent more than in 1892 and 81 per cent
more than last year. With a decrease of
27,S67 tons in unsold stocks. nearly half in
charcoal iron, the apparent consumption and
exports DO not exceed 1,210, 744 tons, which
barely equals the lowest report of produce
ton August i, and other furnaces have
started since that date with several more
to follow. The supply appears to be at
least equal to the demand, although new de-
mands for the week have covered 2,10O tons
for new buildings at Chicago, with much for
bridges and 1000 tons for eastern buildings
at Pittsburg.
In bars. both east and west, the mills are
unable to take air orders offered, nor in
plates can they take all orders anywhere,
while in sheets the western mills are over
crowded, though the eastern demand is
lighter.
The Connelfsville coke output is again
l92,556 tons for the week, with only $50
ovens idle, and prices are unchanged.
Tin, following London, has risen to $4,000,
but fell to $31.S5, and copper Is hard to get at
$3.50 for lake. Lead is quoted at $3.50 to-
$3.50.
Sole leather has slightly advanced with
buff and split, but the convention of boot
and shoe manufacturers proposes to advance
prices, though without definite authority.
New orders are now in some lines larger
than the works can accept, though in many
others moderate and in many not exceeding
half the output. Chicago reports hides
slightly lower for packers, but a shade
higher for country buff and heavy COWS.
Cotton haa ricep thrao.aiuhthc pwtpu IN
crop reports, but nobody believes that the
years production. with the heavy stocks
carried over, will fall below the require
ments for consumption.
Wool is a little less active after its great
rise and inside quotations are sometimes
accepted, but sales at the three chief mar
kets have been 20, 206, 500 pounds in two
weeks, against 49, 95, 800 pounds in the same
weeks of 1897 and 16, 436, 900 pounds in the
same weeks of 1892.
S,652, $40 bushels in two weeks, against
$685., TAO bushels Fast year, making 1t hard
to believe the upfavorable crop estimates
(which still come from unofficial and,
official sources. The exports have slack
ened, amounting to only $685. 1873 bushels,
against S;945, 81 bushels last year, and
from Pacific ports, 400, 020 bushels, against
924, 1856 last year, other exports being 457,2SS
bushels. Corn exports were in two weeks
1878, by bushels, against 4,of4,446 last year,
but receipts continue enormous, in two
weeks $500, 991 bushels, against ~6,479,176
last year. Contradictory stories about for
eign crops weigh but little compared with
the actual buying Of grain and movement
from the farms. The truth seems to be that
the supply Of wheat in the spring wheat
region is larger than anybody has supposed.
Failures for the week have been 1856 in the
United States against 1856 last year and 20 in
Canada against Is last year.