The L'Anse sentinel. (L'Anse, L.S., Mich.) 18??-current, 1900-07-07
TRADE REVIEW.
War, Drought and Politics Have
Tendency to Create state
of Uncertainty.

New York, June 3O.--R G. Dun & Co.'S
Weekly Review of Trade says: "The country
begins to feel some OF the effects OF its new
place among the nations. Influences al
fectlng its business during the week
ranged all the way from a boycott at 81.
Louis TO a war in South Africa and from
sun spots to the relief of Picking Droughts
and sun spots have played their part De-
fore, but none can quite foresee all the re-
suits of defending American rights IN
China. Political influences also tend 10
color currentoplnion about most thingsin
presidential years. All tfrse and other in
fuences work together to create state OF
uncertainty until the controversy Is over
1.-THE long effort to hold nominal prices
for iron at Pittsburgh has ceased. ana the
associations now recognize an open market
in which Bessemer Is offered at Sl9 and Dill
let's at S26 with grey forge at 81. Scarcely
a single transaction is reported buyers ab-
staining even more .han when prices were
purely nominal, and while there are many
considerable contracts waiting for sate
basis in cost OF material, the problem Is a
rather difficult one. over 30 furnaces are
said to have gone out of blast. and while
some have been stopped for repairs, many
more will be idle for a time until wage
scales for the coming year have been SET
| tied with labor organizations. with
proper adjustment OF supplies and prices
to the actual demand a heavy business Is
feet prosperity for some time to come.
Neither official nor unofficial accounts
have removed doubts about the wheat crop,
and II IL proves as low as one estimate, 46O,-
| 000, 900 bushels, the extent to which 1t may
now be displaced in European consumption
by corn will be seriously tested. Exports
of wheat and corn were 429 00O, 900 bushels In
| 1898, and 400, 600, 600 In 1899 and have been
about 10000, 600 bushels and 100000, 900 bush
els'of corn in the crop year 1900. but never
as large before, for in 1892 when 10000
bushels of wheat went abroad there were
only 5000, 900 bushels of corn. But all re-
cent estimates of production have been so
far distrusted. and II is scarcely good sense
TO base grave apprehensions on any so
early in date and the census this year Will
be awaited with especial interest, because
Ii will help to show how unworthy of re-
lance some estimates have been.
Failures for the week have been 20i in
the United States, against Isl last year and
p in Canada, against % last year.
Bradstreet's says "Distributive trade is
dull, seasonably so in most instances, and
prices of manufactured products are gen.
orally weak. but exceptions to the former
are found where crop conditions are excep-
tionally promising, and In the case of
prices where the readjusting movement
has been overdone on the down side. The
upward rush of wheat prices eliminated
at the close of last week. and the reactions
realizing, would point to the movement
having been temporarily at least overdone,
Reports of rain in the northwest. though 1t
is claimed too late to help the crop In Min
nesota and the two Dakotas have had some
reassuring effect, and second thought APP
parently inclnes bears to the belief that
the late advance discounted much of the
expected, or predicted shortage in the
yield of the worlds crop Advices from the
northwest are of little more than half
crop of wheat, but estimates to the out
turn in bushels vary accordingly as the
government report of 100, 100000 bushels or
the commercial estimate of 200, coo 900 BUSH
els yield last year in the three states are
used as a basis.
"A short lived scare on the reports OF
Cry weather In the corn belt sympathy
with the early advance In wheat and, what
is more important apparent increased
popularity of corn on home and export ac-
count was responsible for this cereal reach
ing the highest point paid for year past.
Oats and other farm crops also sympa-
thized. as did most hog products"