Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1900-07-06
TRADE REVIEW.
War, Drought and Politics Have a
Tendency to Create N State
of Uncertainty.


New York, June SO.--R. G. Dun & Co.'S
Weekly Review of Trade says: "The country
begins to feel some of the effects of It's new
place among the nations. Influences af-
fectlng It's business during the week
ranged all the way from a boycott at st.
Louis TO q war in South Africa and from
sun spots to the relief of Peking. Droughts
and sun spots have played their part be-
fore, but none can quite foresee all the re-
suits of defending American rights in
China. Political influences also tend to
color current opinion about most things In
presidential years. All these and other in
lluences work together to create state OF
uncertainty until the controversy Is over.
The long effort to hold nominal prices
FOR iron at Pittsburgh has ceased, and the
associations now recognize an open market
In which Bessemer is offered at $40 and bill
let's at S96, with grey forge at Sl7. Scarcely
single transaction is reported, buyers abb
staining even more than when prices were
purely nominal, and while there are many
considerable contracts waiting for a safe
basis in cost of material, the problem is
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 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 heavy business Is
possible, but delay at this season may af-
feet prosperity for some time to come.
Neither official nor unofficial accounts
have removed doubts about the wheat crop.
and If II proves as low as one estimate, 460.-
100000 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 429 900. 900 bushels in
1893, and 900 in 1899, and have been
about 100, 900 bushels and 210 900, 900 BUSH
els of corn in the crop year 1900, but never
q roo haf fnvf ", n
bushels of wheat went abroad there were
only 75,0O0.0OO bushels of corn. But all re-
cent estimates of production have been so
far distrusted. and 1t 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
1t will help to show how unworthy of re-
lance some estimates have been.
Failures for the week have been 207 in
the United States, against ISL last year, and
q 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 eNcep-
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
and irregularity since. mainly due to heavy
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 ap-
parently inclines bears to the belief that
the late advance discounted much of the
expected or predicted, shortage in the
| yield of the worlds s crop. Advices from the
northwest are of little more than half a
crop of wheat but estimates as to the out
turn in bushels vary accordingly as the
| government report of 0,000, 900 bushels or
the commercial estimate of zoe. ZOO, 900 BUSH
els yield last year in the three states are
| used as a basis.
"a short lived scare on the reports of
| dry 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"