The Savannah morning news., 1900-06-30
HAS AN EFFECT ON TRADE.
NEW PLACE AMONG THE NATIONS
INFLUENCES BUSINESS.

Boycott in ST. Louis, War in south
Africa, Discovery of sun spots and
the situation in China All Have
Enect-What Dun's Weekly Re
view SUPPLEMENTARY VIII Con-
time TIL the Presidential Cam
paIgn Is Over.
New York, June OR. G. Dun & Cos
Weekly Review OF Trade tomorrow will
say:
The country begins TO feel some of the
effects of its new place among the ma
tons. Influences affecting its business
during the week ranged all the way from
a boycott at ST Louis to a war IN South
Africa ana from sun spots 10 the relief
of Pekin. Drought and sun spots have
played their parts before, but none can
quite foresee all The results of defending
American rights in China. Political in
fuences all tend 20 color current opinion
about most things in presidential years.
All these and other influences work to-
gether 10 create state of uncertainty un-
ill the controversy is over
The long effort TO hold nominal prices
for iron at Pittsburg has ceased, and the
associations now recognize an open mar
kct in which Bessemer is offered at $40
ard billets at SIS, with grey forge at $l7'
Scarcely a single transaction is reported,
buyers obstaining even more than when
prices were purely nominal. and while
there are many considerable contracts
waiting for a safe basis in cost of nate
rial. the problem is a rather difficult one.
over thirty furnaces are said 10 have gone
out of blast, and while some have teen
stopped for repairs. many more will he
idle for time until wage scales for the
coming year have been settled With la
for ORGANIZATIONS With proper adjust
nnent Of supplies and prices to the actual
cema nd, a heavy business is possible bet
delay at this sea son may affect prosperity
for some time % come. With steel plates
quoted at $3. at Pittsburg and nuinfer
n sheets at 90 cents, no general gain in
business results from the sudden decline.
Neither official nor unofficial accounts
have removed doubts about the wheat
crop, ard II it proves as low as one esti-
mate, $50. 000.0 900 bushels the extent to
which It may now be displaced in Euro
pean consumption by corn will be serious
ly tested. Exports of wheat and corn
were 429,l00000 bushels in 1895, and 400
900 900 in 1899 and have been about l9o-
10000 bushels of wheat and 2l0.0Oo000
bushels of corn in the crop year 1900, but
never as large before, for in 1892. when
25,Co0 COO bushels of wheat went abroad,
there were only 100000 bushels of corn.
But all recent estimates of production
have been so far distrusted and 1t is
scarcely good sense to base grave appre-
hension on any so early in date, and the
census this year will be awaited with es-
pecial interest, because 1t will help to
show how unworthy of reliance some es
Inmates have been. In four weeks of June,
Atlantic exports of wheat. flour inclu4ed,
have been 10 $50 076 bushels against S94,-
SIS last year and Pacific exports 2,75397S
bushels against 2,445.749 last year. while
corn exports in the four weeks have been
IL 1856, IA bushels against 1l,4S5.596 last
year After rising four cents, wheat clos
ed unchanged for the week, and corn only
&c higher.
The Fall River committee has made
sudden r. actien to psf cents in the price
of epular print cloths, with not a single
sale recorded. Nor are new demands re-
pcred important but neither the sudden
reduction in prints nor the quiet settling
in prices of staple goods has stimulated
The market to desired activity Depression
in the market for go DIS did not prevent
raw cotton from advanc ng to 10 cents
Failures for the week have been 207 in
the United States, against ISL last year,
and q in Canada, against % last year.