Daily Kennebec journal. [microfilm reel] (Augusta, Me.) 1870-1975, 1899-07-29
DUN'S REPORT.
July Freer from Labor Inter-
ruptions Than Usual.
Extraordinary Output of Wheat, Corn,
Boots and Shoes.
Consumption Of Steel Much Larger Than Ever
Bc!Ore-Less Failures

New York. July 2S.-R. G. Dun &
row, viii say: Interruption of bust
ness by labor troubles of all sorts has
been less than in any other July for
years. Nor is the movement of pro-
ducts hampered. Western receipts. in
July, have been 1S,S36,S26 bushels wheat
against 800 ,3335. last year. to date and
OF corn 20. tS5. 81 against 9.1l3,3J5. last
year. even The latest Week showing
large gains over last year The street
knows that this does not promise short
crops and after quite n rise wheat
closed only 11s cent higher for the
week and corn x of Il cent lower. En-
ports Of wheat from both coasts We're
1888, $50 bushels. flour included. against
A,S33. 1872. last year. Corn exports also
continue surprising l1.6Si5l2 bushels
for the month thus far against 6..61.
1863 last year. In spite Of large foreign
buying, cotton also declined to 6l2
cents.
official returns make the iron output
for the first half of 1899 only 6.2S9. 161
tons. with decline in known stocks out
side the great steel companies of 2SS.-
1i0 tons, and net exports We're prob
ably over 100000 tons. While the in
crease of steel companies stocks would
probably make actual consumption less
than has been estimated, il is much
larger than ever before ana yet APP
pears less than production in June.
while production has much increased
this month
Meanwhile no advance in prices is
significant. and a Slackening OF demand
in some important branches. The
heavy rise in prices naturally cut off
much buying for an advance ana re-
tards buying for consumption. All
records are broken in the Connells-
VILE output of 190,192 tons coke for the
week, with 1854 ovens yielding and
only GA idle.
Manufacturers have been buying
much wool. it is stated. but less the
past week, although many are taking
sample bales The New York market
is stagnant and Philadelphia less ac-
tive with consignments all above
quotations there. which in turn are be
low quotations at Boston. Goods are
in fair demand, but no further change
in prices is mentioned. Sales in four
weeks have been As. 729, GOO pounds. of
which 33954. 500 were domestic: in 1897.
with Il new tariff coming. speculation
took 46.l09,200 pounds. normal con-
sumption being about half that guam
tity.
Cotton goods are stronger for bleach
ed and the general tone is good in
spite Of cheap cotton.
Shipments Of boots and Shoes from
the East in four weeks have been 394,-
$40 cases against 360,539 last year and
in 1895, the nearest previous year, Col
:59 cases.
Manufacturers are invited to a con-
vention in order to help prices and |
delegations have been selected but not |
empowered to commit any body. In |
place of extraordinary shipments for |
which the demand is undated new or |
ders fall short of production. and many |
mills have but few new orders ahead |
with new business less than the aver |
age at this season. Leather continues |
strong and scarce, with combination of |
packers lifting prices of hides at Chi
cago, SO that many of the tanners are
quitting that market.
Failures for the week have been III
in the United States against 225 last
year and 20 in Canada against &c last
year.