The evening times., 1900-06-23


NEW YORK, June 23-Dun's review to-
day says Of trade condlt ons:
The damage to the wheat crop OF the
Northwest is the event Of chief importance
How extensive the loss may prove, in view
OF widely conflicting accounts, can only be
judged from the speculative markets il
which information gathered at the West
has caused a remarkable advance. at Chi
cago - cents IN ten days. The price here
has advanced II cents per busheI. though
for the September option only cents
The belief Is that 60 large a part Of
the spring wheat has bsen killed as to
reduce yield hitherto expected to be
close to the larsesS o. record 20 consider
ably less than the world has required in
the crop year .Iow ending
Until within the past three years it
would have been reasoned that any ma
terial advance in price would neutraIize
the foreign conditions which had caused
exports Of about 1S0 CC0.GCO bushels Of
wheat, -four included. in the closing year
after 222 ,0G0 600 bushels in the previous
year and Z17 .0OO. COO bushels in the year
1888. besides exports of 2I3,GOO. coo bushels
Of corn in the closing year. against m
eco GOO last year and 212. .0CO, OO0 in the pre-
vious year.
But the facts seem to indicate a more
extensive and lasting increase Of foreign
demand than has been considered probable
Other sources of heavy export have been
found disappointing. The United States
continues TO show enormous power Of in
crease. supported by prices which. until
recent years, would hardly have been re-
garded remarkably high II the coming
crop falls much below expectations the de-
mand Tor 1t may prove surprising, even
though prices average more than has been
expected.
The closing Of manufacturing works AT
this season usually has double meaning.
The labor organizations seek in the sum
meT vacation settlement OF wages for the
coming year. Last year the pressure for
products was SO great that concessions
were readily made and others later so
that the rate of wages became the hignest
ever known since the currency was depre-
eiated. This year extensive demands are
being made, without approach to settle
ment as yet, in many of the branches of
business. so that the summer vacation may
be more extensive and in some lines longer
than usual.
In iron and steel progress toward that
end was made when the structural pro-
ducers week ago reduced the prices
of beams to $3.50 and angles to 81 so al
Pittsburg, leaving only rails and tin plates.
which have not been reduced from the
highest point ne 1all WORKS are crowded
far ahead. and the question in tin plates
depends largely upon wages
The shipments OF boots and shoes. only
233,74 cases in three weeks of June. are
over 20 per cent smaller than in 1899 or
1895. The iobbers still appear inclined TO
wait, and some manufacturers decline re-
cent quotations and have closed or re-
duced forces.
Lower prices again reported for several
grades OF cotton goods and are expected
for otherF, and buying is thereby retarded
The price for raw cotton has again ad-
vanced a quarter during the past week.
but without clear indications of Increased
demand for the supply remaining or the
insufIiciency Of that supply. In wooden
goods also. the manufacturers fnd that the
demand fails to answer expectations or TO
support prices asked at the opening and
some large works are now reported run
ming part time or closing
Stocks have been dull and weak with
some London selling. in part because
wheat reports indicate smaller future trafhr
but mostly because excellent earnings
seem 20 have so little influence here. ET-
ports 70 ether countries show a STEADY
and handsome gain, while imports are
scarcely larger than last year
Failures for the week have been 179 in
the United States against IFS last year
and 25 in Canada against IS last year. ''