The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-07-15
MAKING HISTORY
This VIII be Americas Most
Pr snerrus Yesr.

New York, July AR. q. Dun's weekly
Review Of trade will say tomorrow
Because every prospect pleases. II 81 the
glsht time to watch most closely for signs
OF trouble. But II Is not easy TO ind
them when the volume OF business is os7
Der cent larger than last year, and 755 pc
cent larger than 1892 the best OF all years
except the last, or when failures continue
the smallest ever known, or when the
ports Of staples begin to improve mater
ialiy OF when railroad business IS oy tar
the best ever known. or when New YORK
bankers appear In international operations
listening TO a Russian Inquiry and under
taking a Mexican loan. Even the indus
trial disputes incident TO the season cause
less trouble than usual, the largest OF
them having been settled Thursday by the
tin plate company. The bank Of En-
Gland finds It more difficult to borrow
more from this side and frankly raises
its rate while this country begins to ship
fresh crops for which Europe will run in
to debt
Iron productions for the first week in
July was 2e3,363 tons; for tha past two
weeks less, because strike on July lst
closed seven shenango furnaces producing
1900 tons daily though It is expected to
end today and several other furnaces
have begun producing this month The
increase Of 1901 tons weekly in June
with a decrease Of 80, 400 tons OF unsold
stock not OF the great steel companies,
implie a production Of about 800 tons
/ q. aaH IN
tons and in the half year 6s44325 but for
the fact that steel makers have stocked
heavily against orders running through
most Of the year drawing from outside
supplies so that consumption proved mn
| ly for the trihing surplus not covered by
contracts so that quotations represent but
a significant part OF the actual business
II is Of more importance than new orders
though very many seem no longer equal
10 the weekly output except In few
branches while furnaces and other works
practically Abandoned for many years are
being started again. 2
! Copper is a shade weaker at lsl4 cent FOR
lake government reporting the output OF
lSsS as 526375,S91 pounds Tin ls strong
with English speculation at 2S.25 cents. and
lead is advanced by the smelling company
/ TO SO The largest shipment OF boots
and shoes IN any year for the season at
sos cases in two weeks. greater by II 4
per esnt than last year; Sc per cent than
In 1897 and 2s4 per cent than 1892 result
/ from very extensive pressure to anticipate
orders for August or September. distrl-
buttons far exceeding expectations. but
there are reported with such appeals not
nearly as large though numerous dupll-
cate orders. Hemock sole leather SELLS
largely but some kinds slowly. Though
cotton lssteady In spite OF Texas floods at
6ls and the general demand for cotton
goods Is full and sustains prices. a redu-
ction OF half cent In some fancy prints
is reported Larger distributions is ex-
pected this month and export demand In
creases. In wool great speculation is IN
progress sales in two weeks reaching
222silOo pounds against "a 572,sOO in 1887
when buying was 10 anticipate new duties
It is worth noticing that no purchases by
manufacturers are mentioned save one
Tor 100000 pounds though there Is much
calculation that the manufacturers must
buy at any prise asked
In sharp contrast with official and 9TH
er wheat reports are the recorded re-
ceipts at western ports s. sos 100 bushels In
two weeks against l.47i. 739 last year. It
Il not strange that prices have decln
lb and exports, flour included. were from
Atlantic ports in July thus far Ass Mi
bushels against 4,0s33l2 last year and from
Pacific ports l,0lO.4S against SOL 100 last
year, besides 5O5.5S5 bushels this year
from other ports. Corn exports are also
surprising. 5sl5, pa bushels in two weeks
against 2,557 )es last year, but less surpris-
ling than western receipts 10, GA bushels
against 1861 on last year. Nevertheless,
the price advanced s. OF a cent
Failures for the week have been l6s IN
the United States against 26l last year and
20 in Canada against % lest year
BRADsTREETs FINANCIAL.
New York. July l4,-Bradstreets Finan-
Icial Review tomorrow viii cay.
A moderate volume Of transactions attend
led by a certain degree OF strength f.
Quotations, were the leading features OF
the speculative situation during the pres
ent week What Is termed midsummer dull.
ness has its customary effect in restric-
ting the market. andthe comparative
hrmness Of call loans tended to check
both manipulation on any large scale OF
sne growth of puone interest N
American tocks have been a feature in
London. the unsettled speculative position
there. due 10 the troubles in South Africa
ana the advance OF interest rates. has rot
been without a certain effect on financial
sentiment here. The remarkable fan In
the price OF British consols, which on