The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1900-06-30
WEEKLY
REVIEW
OF TRADE

ME w 1Olt, ~ NE Gjs-l0IduSlIet > To-
morrow viii say:
Distrbutfve trade is dun seasonably 50
in most Instances and prices Of manu-
factured products generally weak, but
exceptions TO the former are found where
crop conditions are exceptionally prom
Using am din the case Of prices where the
re-adjusting movement has been over
done on the down side.
WHEAT MARKET.
The upward rush of wheat prices cul-
minated at the close of last week and
the reactions and irregularities since,
mainl ydue to heavy realizing would
mainly point to the movement having
been temporarily at least overdone. Re
ports Of rain in the northwest, though it
is claimed too late to help the crop in
Minnesota and the two Dakotas have
had some re-a.ssuring effect and second
thought apparently incines bears to the
belief that the late advance d scounted
much of the expected or predicted, short
age in yield of the worlds crop. Advices
from the north are OF little more than
half a crop of wheat, but estimates as
to the out-turn i'm bushels vary accord
ingy as the government report Of 100 mil
lion bushels or the commercial estimate
Of 20O,OOOOOO yie.d last year in the three
years are used as basis.
A short lived scare on the reports of
dry weather in the corn belt, sympathy
with the early advance i'm wheat and
what is more important, APPARENTLY in
creased popularity Of corn on home and
export account was responsible for this
cereal reaching the highest point paid for
a year past. Oats and other farm crops
also sympathized, as did most hog pro-
ducts. Butter is higher on small er re-
ceipts. Sugar is a the highest price
reached at this tims for ten years past
owing to active canning demand, and the
strengthened position of raw. The war
in China is churgeable to the advance
of teas, not only from the former coun-
but from Japan, same interruption of
transportation bdng apparently looked
for if the As.atic troubles increase
Heavy rains are complained Of in the
entire cotton belt east of the Miss ssippi
and the crop is very generally "n the
grass" The result has been an advance
Of nc on spots.
Increased cost Of the raw material is
not balanced by an advance in finished
products. The contrary is, m fact. the
case, because print cloths are Ac off and
prints are re lower per yard
IRON AND STEEL.
Reports fro mthe iron and steel trade
are as pessimistic as ever Nom nally,
quotations at Pittsburg are unchanged,
but it is claimed buyers can get supplies
from 81 to 50 lower At other markets
pig iron and bars among finished prod
ucts are unquestionably lower. A COM
parison of present prices with those of a
year ago show that pig iron is little above
last year. while steel billets, bars and
plates are all lower. The reduction IN
structural material has brought little
newbus.ness he lead market is appar-
entity an example of the re-adtusting of
prices, having been overdone
GRAIN SHIPMANTS.
Wheat, including flour, shipments for
the past week aggregate 3, 164, ,144 bushels.
against 4,645, ,lS0 bushels last week; Pos
99S bushels in the corresponding week Of |
last year; 4,176, 4O1 bushels in 1898; 2,77S.-
S4S bushels in 1897. and 2 COL ,O96 bushes |
in 1896.
Corn exports for the week aggregate |
4. ,G54 bushels, against 2514, 593 bushes |
last week, 4.4S3 116 bushels in this week |
a year ago, 2fOi, $50 bushels in 1898; /. .S23.-
s3S bushels in 1897 and 1850 S31 bushels IN
1896