The semi-weekly messenger. [volume] (Wilmington, N.C.) 1897-1908, 1900-07-03
Dunn ~ Cos. Trade Review.

New York, June 29.-R. G.. Dun &
Cos Weekly Review Of trade ;ornor-
row will say:
The country begins 20 feel some Of
ne effects Of its new place among the
nations, affecting its business daring
ne week all the way from a boycott
a. 81. Louis 10 a war in South Africa
and from sunspots - the relief of Pc
kin. Drouth and sunspoIS have play
ed their part before, out none can quite
foresee all the results of defending
American rights in China. Political
influences also tend 20 color current
opinion about most things in presiden-
tial years. All these and other inhu-
enceS work together to create a state
of uncertainty until the controversy is
over.
The long effort to hold nominal prices
for iron at Pittsburg has ceased, and
the associations now recognize an open
market in which Bessemer is offered
at S19 and billets at $26, with grey
forge at ST.. Scarcely a single trans
action is reported, buyers a~bstaining
even more than when prices were pure
ly nominal, and while there are many
considerable contracts waiting for a
safe basis in cost of material. the prob
lem is a rather difficult one. Over
thirty furnaces are said to have gone
out of blast, and while some nave been
stopped for repairs. many more viii
be idle for a time until wage scales
for the coming year have been settled
we'll. With a proper adjustment Of
supplies and prices - the actual de-
nand a heavy business is possible,
but delay at this season may affect
prosperity for some time to- come.
With steel plates quoted Gtl.30 at Pitts
burg and number q shots at 20 cents,
no genera gain in business results
q rom fine Sudden n-I,inS in Srrlc-uai
shapes.
Neither official or unofficial accounts
have removed doubts aboCt the wheat
crop aid if it row as Low as one
eSti-..ate-60, 900, 600 bushelS-the eX-
ten, to which it may now be diso'cc@d
in European consumption by corn will
be seriously tested. Exports of wheat
and corn were 429, O00, 900 bushels IN
1898 and 400. 900, 900 in 1899 and haze
been about 100, 090, 900 wheat and 2l0,-
900, 900 bushels corn in the crop year
1900, but never as large before. for in
1892 when 225, 000, 900 bushel of wheat
.+ent abroad there We're only 1900 eco
bushels corn; but all recent estimates
Of production nave been so far dis
trusted, and it is scarcely good sense
to base grave apprehension on any so
early in date, and the census this year
will be awaited with especial Interest
because it will help to show how I'M
worthy of reliance some estimates
have beer
In four weeks of June Atlantic ex-
ports of wheat, -four included. have
been 10, $3.50, 076 bushels, against S.93i.-
63S bushels asst year, and Pacific eX-
ports 2,753,9 7S bushels, against 2.445.-
$40 last year, while corn exports in
the four weeks ave beer 1885. 24i
bushels against 1,4S5,5 $50 last year.
After rising 4 cents, wheat closed I'M
changed for the week and corn only
y cent higher.
The Fall River committee has made
a sudden reduction to 2.S7 cents in the
price of regular printcloths, with not
a single sale recorded. Nor are new
demands reported important; but
neither the sudden reduction in prints
nor the quiet settling in prices of
staple goods has stimulated the mar
ket to desired activity. Depression in
the market for goods did not prevent
raw cotton from advancing to 10 cents.
Failures for the week ave been 207
in the United States, against 1s1 last
year.