Evening journal., 1900-06-23
ONE WEEK nE TRADE

In Il. G.. Dun ~ Co.'s weekly review
Of trade we find the following relative to
the past week:
Until within the past three years It
would have been reasoned that any
material advance in the price of wheat
would neutralize the foreign conditions
which had caused exports of about $780,
100000 bushels Of wheat. -four included.
in the closing year, after 222, 900
bushels In the previous year, and 217,-
100000 bushels in the year 1898, be-
sides exports OF 213,000, 900
bushels Of corn in the closing year,
against III 100000 last year and 212,-
600, 600 In the previous year. But the
facts seem to indicate q more exten-
sive and lasting increase OF foreign
demand than has been considered prob
able. other sources OF heavy export
have been found disappointing. The
United States continues to show enor-
nous power OF increase. II supported
by prices, which. until recent years,
would hardly have been regarded re-
markedly high. If the coming crop
falls much below expectations the de-
mand for 1t may prove surprising, even
though prices average more than has
been expected.
Bradstreet's has this to say:
Midsummer dullness in distrlbutive
trade and industry and further reduc-
tions OF prices of manufactured goods,
particularly iron and steel and raw
textiles. but a marked upward move
mcnt in nearly all agricultural pro-
ducts. are the leading features OF the
business situation this week
Political interest has in some degree,
OF course. tended toward the quiet in
general business, while the lowering
OF the prices OF many raw and manu-
factured products has grown out OF a
desire to meet present conditions OF de-
mand and supply. The heavy increases
In railroad earnings, however, testify
to a large volume Of business being
done. The advance in agricultural pro
ducts, notably the cereals. has been
mainly due TO renewed and reiterated
reports OF wheat crop damage in the
i Northwest. IL should not be forgotten
i OF course that this is the crop killers
own particular time. and it is probabl,
that the stories of damage ARE exag.
gerated, although Il has been, unques.
tionably very dry and hot In the af-
fiicted states this week. Late estimate:
point to a production in Minnesota anC
!, the Dakotas 40,000.000 to $4,000 .O0I
smaller than year ago; but Pacif,
coast wheat reports are encouragin,
and an unprecedented Winter whea
Z production is being harvested in tn,
Southwest, leading to the feeling tha
= an approximate yield IN excess OF tn
, average for ten years past is still posi-
Bile.
Corn crop advices are still In a higl
degree encouraging. but that cereal ha
I sympathized with wheat. as have ais
d oats.and hog products have in turn fel
e the quickening influence of highe
!. prices for corn. Improved demand 70
/ dairy products is reflected In slight ad
vances this week.
Crop damage has been a movin
IS cause for the advance in the price [
: cotton. though the danger of the shoi
l. side on the old crop has been evider
l. for some time past in the critical cor
I. dition of the visible supply OF cottol
Some weakness has been noted in co
ton goods without. however, favorabl
l. affecting distribution. Retail trade
rs dry goods has been helped by warm,
Of weather. Wood is lower, and Il
g. woolen goods market is rather quie
awaiting the next London wool sa
= and the opening Of the Spring weigl
le seasons.