Kansas City journal. [volume] (Kansas City, Mo.) 1897-1928, 1899-08-12
REVIEW OF TRADE.
Everything Satisfactory In the Busi-
ness WorId-COrn Crop to BE
EnOrmOus

ness "OrIO-IOrn lrOp TO be
Enormous.
NEW YORK, Aug. 1l-R. G. Dun & |
Co.'S Weekly Review of Trade will say to-
morrow:
After great expansion business hesi-
tates. This year it is astonishing that the
hesitation has been so slight. In enc
branch after another buying has halted,
only to be followed by larger buying.
1.-The output of iron furnaces in blast Au-
gust 1 was 269,032 tons weekly. or 6s per
cent more than in 1882. and 2.07 per cent
more than last year. With decrease of
21367 tons in unsold stocks, nearly half in
charcoal iron, the apparent consumption
and exports do not exceed 1.1207H tons,
which barely equals the lowest report of
production August l, and other furnaces
have started since that date with several
more to follow. The supply appears to be
at the East equal to the demand, although
new demands for the week have covered
2,1OO tons for new buildings at Chicago.
with much for bridges, and 1900 tons for
Eastern buildings at Pittsburg. In bars,
both Eastern and Western mills are unable
to take orders offered. nor in plates can
they take all orders anywhere, while in
sheets the Western mills are overcrowded
though the Eastern demand is lighter. The
Connellville coke output is again 49,. .556
tons for the week. with only $50 ovens idle.
and prices are unchanged. Tin, following
London, has risen to 80 cents. but fallen
to 3l.S5 cents, and copper Is hard to get at
1S1a cents 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 au-
thority. New orders are now Ina some
| lines larger than the works can accept,
though in many others more moderate, and
not exceeding half the output. Chicago re-
ports hides slightly lower for packers. but
a shade higher for country buff and heavy
| cows.
Cotton has risen, owing to crop reports,
but nobody believes that the years produc-
| tion, with the heavy stocks carried over,
will fall below the requirements for con-
sumption.
wool is little less active after its
great rise and inside quotations are some-
| times accepted but sales at the three chief
markets have been 2O.2OS.6 $50 pounds in two
weeks, against 23 4s5,SOO in the same weeks
of 1897, and 16, 600 in the same weeks Of
| 1892.
Wheat receipts at the West have been
S.652.57O bushels in Two weeks, against 81
| 800 bushels last year, making 1t hard to
] believe the unfayorabe crop estimates
| which still come forward from unofficial
and official sources. The exports have
slackened, amounting to only 6,269 1873 BUSH
els, flour included, from Atlantic ports,
against 5,945,311 las. year, and from Pa
cific ports 10000 bushels, against 92i.155 last
year, other exports being 457,2SS bushels.
Corn exports were in two weeks, 1875, ,599
bushels, against 4,743,766 last year. but re-
ceipts continue enormous in two weeks,
S,SS9,9n bushels. against 6.479, 100 last year.
Contradictory stories about foreign crops
weigh but little compared with the actual
buying of grain and movement from the
farms. The truth seems to be that the sup
ply Of wheat in the spring whea. regions is
larger than anybody has supposed.
Failures for the week have been 1876 in
the United States against 1856 last year, and
twenty-nine in Canada, against eighteen
last year."
Bradstreet's tomorrow will say:
Crop reports and probabilities have con-
stituted an important contribution to gen.
eral trade and business adyices this week.
Among the unquestionably favorable fea-
lures have been the reports regarding the
corn crop, government estimates pointing
a heavy increase over last year, and al
most within touch of the record of 1896
Spring wheat indications apparently bear
out earlier trade advices in showing de-
crease in condition during July. The re-
duction of % 1000 COO bushels in the probable
outcome estimated. however, still allows
VI d totai wheat SioP VI ooo,vvVuo ousneis
considerably smaller, it is true. than last
! year, but, with the exception of 1898 an6
1891, the heaviest record.
Cotton crop deterioration is indicated
by the governments report, and prices are
u cent higher on the week, decline oi
, nearly points over July and of nearly L
| points as compared with year ago. Wis
, ible supplies of cotton are nearly $1,000
l bales larger than at this time year age
and are nearly double what they were II
1897. but against this is to be cited the gen
orally profitable business in manufacturing
the world over and the belief that goo(
spinning grades may be scarce.
THE iron and steel situation is particu
larly interesting at present. Though no
ern advices of heavy demand, scarce sup
plies of material, high prices and increas
ing volume of business booked for mex
year. The production OF pig iron was tn
largest ever known, but in spite of thi
c stocks showed a decrease and current pro
1 duction Is easily at the rate of IA, ,000, 90
= tons year. The annual railroad car fam
sufficient transportation facilities bein
. particularly prominent in the coke an
:, coal industries. Hides, leather, boots an
. . shoes are sympathetically strong and at
9 convention of shoe manufacturers at Phil
;, adelphia this week a practical agreemen
II to advance prices of the finished produc
: was reached. Wool is firm on steady man
g ufacturing demand, particularly for tn
: finer grades Of domestic and advices fror
y the manufacturing industry are general
; favorable Lumber Is firm, as Is also su
gar. for which an unprecedented demand
4 looked for in the current canning season
c The outlook in the canned goods trade gen
!. orally is reported very good one"
1,,o,uroo oour,,,,,ro ooon