The Saint Paul globe., 1900-06-23
BIG ADVANCE IN WHEAT.
IT Is THE FEATURE OF THE
WEEK IN TRADE
CIRCLES
MIDSUMMER DULLNEss Is ON
Distributive Trade Shows a LuII
That Is Not Surprising, Though
n Heavy Business Is Report
ed I'm Some Lines.
w YORK, June 22.-Bradstreet's to-

NEW YORK, June 22.-Bradstreet's to-
morrow will say:
Midsummer dullness in distributiYe
trade and industry, and further reductions
OF prices Of manufactured goods, partic-
ularly iron and steel and raw textiles,
but a marked upward movement in nearly
all agricultural products, are the lead
ing features cf the business situation
this week. Wheat has advanced IA cents
per bushel since June l, and 20 cents from
the low point reached in November, a
gain over the latter period of 27 per cent
in price Corn crop advices are still in
high degree encouraging, but that cereal
has sympathiZed with wheat as have
also oats, and hog products have in turn
felt the quickening influence Of higher
prices for corn.
Weakness Of prices is still the leading
feature of the iron trade, and lower quo
tatons are noted for pig iron. Structural
material has also verified predictions In a
decline Of from 81 TO 80 per ton Domestic
orders for iron are slightly more numet-
Gus, but are for small quantities. Talk
of systematic shutdown of iron furnaces
producing for the open market comes
chiefly from the South, but while this sub
5eCt is under consideration. the disease is
finding partial cure in the going out Of
blast of a number of less economical fur
naces and the summer shutdown OF many
mills. Export demand is good, but, as for
some time past, waits upon the question Of
freight room. The other metals are
steady and practically unchanged in price,
with the exception of tin, which is slightly
slower.
"A heavy business Is doing in refined
sugar, and the manufacturers are over
sold. A good margin of profit exists in
this trade
Reports from the boot and shoe indus
try are of rather unsatisfactory trade
prospects, and leather and hides are rath-
er weak at the East, but strong at Chi
cagO, where heavy purchases for Philip
pine army purposes have strengthened the
situation.
Building demand for lumber is not ac-
tive, but white pine is relatively firm.
Wheat including flour shipments for
the week aggregate 4,645,1S bushels,
against 4,678,029 bushels last week, 3,746.7lS
bushels in the corresponding week Of 1899,
3799, ,470 bushels in 1898, 2,156, ,246 bushels in
1897 and 2,S37 ,6a bushels in 1896 Since July
1 this season the exports of wheat aggre-
gate 1856, ,470,1 162 bushels, against 221, ,796, ,610
bushels last year and 229, ,072, ,238 bushels in
1Sy7-9S. Corn exports for the week aggre-
gate 2,5l4, 599 bushels, against ,G34, 205 bush
els last week, 2,S72, ,432 bushels in this week
a year ago, 3,902, 321 bushels in 1888, 2,2S1,-
S6l bushels in 1897 and 1876 697 bushels in
4o5o. 0IIlce July TINS season corn eX-
ports aggregate 1913, ,76S, 92O bushels, against
165, 15S bushels during the same period
a year ago, and 1874, $50 bushels in 1897
1898
Failures in the United States for the
week number 167, compared with 180 last
week, 1879 in this week a year ago, 22O in
1S9S 215 In 1897, 21S in 1896. Failures in the
Dominion of Canada for the week number
2S against % last week, % in this week
a year ago, 19 in 1898 and 1896 and IT m
1897"