The Portland daily press., 1899-08-12
LITTLE HESITATION. ~


New York. August 11..-R. q. Damn g.
Co s weekly review Of trade tomorrow
win say;
After great expansion, business hesi-
tates. This year It Is astonishing that
the hesit ,tion has been so slight In one
branch after another buying has halted
only to be followed by larger tuying.
The output OF the iron furnace In blast
August ist was 2o9,0se tons weekly,
@ 8 per cent more than In 1892, md "a
per cent more than last year. With a
decrease OF 27,s67 tons in unsold stocks,
nearly alI In charcoal iron, the apparent
consumption and exports do not exceed
| /, ,2i0,74 tons, which barely equals the
lowest report OF production August I,
and other furnaces have started since
that date with several to follow. The
supply appears to be at least equal to the
demand, although new demands for the
week have covered 21(0 tons for new
buildings at Chicago, with much for
bridges and so0) tons for eastern build
inrs at Pittsbufg. In bars. beth E lst
and West, the mills are unable to take
all orders offered, nor in plates can they
take all orders any where, Wills In sheets
the Western mills are overcrowdsd,
though the Eastern demand is lighter.
The Connelsville ccke output Is again
i02, t58 tons for the week. with only $50
ovens idle-and prices are unchanged. Sole
leather has slightly advanced with buff
and split, but the con 7entlon OF boot
and shoe manufacturers propose to ad-
vance prices. though W thout definite au-
thority. The shipments from Boston
have been 1867 cases for the week.
3i.s per cent larger than last year and so.4
per cent larger than In the largest previ-
Gus year. New orders ara in so 9 lines
larger than ths works can accept, though
In many otters more moderate and not
exceeding half the output Chicago re-
ports hides slightly lower fur packers. but
shaae higher for county bun and
heavy cows.
Cotton has risen 5-s owing to crop re-
ports, but nobody believes that the years
production, with the heavJ stocks carried
over, will fail below the requirement.
for consumption. The demand for goods
Is enough to cover heavy consumption of
cotton, but IL does not appear to be gain.
ing. Its great rise and inside quotations
are sometimes accepted, but sales at the
thrcc chief markets have been 20, zoe, I %
pounds in two weeks. againsts23, f9a, 500
In the same weeks Of 1892. A consider.
able lsance in wcrs;ei goods ana others
controlled ly the American Woolen COM
pany encourages the belief that the prices
now obtained for the material may be
held.
Wheat receipts at the West have been
| S,652, $40 bushels in two wesks, against
| 5,645, 800 bushels last year, making 1t hard
| to believe the unfavorable crop estimates
which still come forward from official
and unofficial sources. The exports
have slackened. amounting to only 6. 269.-
1888 bushels, flour included. from Atlantic
ports, against 5,9i5.sil last year, and
from Pacific ports. 100000 bushels,
against ga. i55 last year; other exports
being 457. 2ss bushels.
Corn exports were In two weeks, 1875,
500 bushels, against 4,74s,7 ,756 last year,
but receipts continue enormous. In two
weeks s,s39,9il bushels. against 6, 479, l7G
last year.
Failures for the week have been 1856 In
the United States against 1856 last year.
and 30 in Canada. against IS last year.