The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-28
IRON AND STEEL MAKE
NO MARKED CHANGES
GREATER DEPRESSION THAN
FOR THREE YEARS.
COunter-Cu in the General
business Demand I;nsteadics
the Whole Situation.

| New York July 27.-Bradsiree,'s to-Inor-
| row will say:
| important changes in trade and specnla-
| tion are notably lacking this week, but
| counter currents Of demand liz various sec
| tons and industries give rather more
| than usually irregular appearances to the
general situation. Among the notable feat
ures are the practical assurances OF an
immense corn crop by the recent Copious
rains in the farther West. the continued
cheerful reports from The sections which
have gathered and are now making a large
wirter-whoat crop. advices OF continued
Improvement i'm tone in the Northwest. with
reports of renewals Of earlier cancelled or
dcrs for fall goods. fairly satisfactory
gains In gross railway earnings, less weak
ness In prices Of the country's leading cereal
products. based apparently on renewed buy
Ing for export. and more inquiry for raw
wool by manufacturers.
Iron and steel.
"Crfavorabe elements in trade probably
find their chief and greatest exposition In
;he iron and steel business. That industry
81. If possible. more depressed than at any
time for three years past, and expectations
that price declines would be checked by the
arrival of finished material at a cost basis
have been disappointed. because this week
steel bars have been sold in some instances
at lc per pound. which is uuqucstinnably
below the basis OF cost OF raw material and
manufacture
That Il large tonnage Of this material
ana or Southern pigirOn has been worked off
seemed certain, but il y still a buyers mar
Ret. with everything that this implies EX-
port business would undoubtedly expand Il
shiprOom were available.
Among other metals tin Is locally lower
on fTeer arrivals. after touching the high
est price in tWenty-SeV'n years.
Trade in dry goods. at the East particu-
Iarly, seems backward. pending clearer
realization OF the cotton goods situation.
Eleached goods hav. been reduced but
some Teselling Of their raw cotton By East
prn mills for export Is reported. Satisfac-
tory progress Is reported as tn the growing
American and Egyptian crops and the mar
widen.
Rather more inquiry for wool at Z stern
markets is sign Of manufacturers getting
READY Tor tn" lightweight season.
Wheat and Corn.
Wheat. including -four shipments for the
week aggregate 1861 3 bu., against a.O29 ISL
hu- last week. 3.35s. ii2 hI;. IN the correspond
ing week OF 1879. 2.3Ils7s bu. in 1885. 2.5iSg2l
July 20 date. this season. wheat exports
are D.24i.sl6 bu. against 1879. ~ bt last
season and la.3si,sio bu. in 1889.
Corn exports for the week aggregated
3.2i50I5 hu., against il>2 !5y bu. last week
3,TO.a2o bu. In this week wear ago, 2.69I S2I
hu In 1885, i+s2. rs bu. In 1897 and l. 49, s12 Ia
1895. From July TO date. this season corn
exports are l5.0S3 26s bu.. against I60I, ~,
last season and i0GJ7, i6g bu. IN isss-s9 ~
Business failures are smaller. numbering
lS3 IN the United States. as compared with
81 last week, 17o in this week year ago,
ls9 IN 1895. 259 in 1897 and 22i In 1896
Canadian failures number 49, as against
- last week. IS in this week last year. 81 in
1895. 81 in 1897 and 81 in 1886