The times. [volume] (Washington [D.C.]) 1897-1901, 1900-07-21
DuN's RAVEN OF TRADE.
Little Drop I'm Prices During III,
Midsummer Vacation.

Little Drop I'm Prices During the
NidsammeF Vacation.
NEW YORK, July 2o.-Dun's tomorrow
win say:
The midsummer vse..ion has already
disposed of the prophets who gave it a
week or two but there are few signs
to indicate its probable duration. The
compact OF lake ore producers not to sell
standard Bessemer ore below $3.50 at
lower lake ports this year, with coke held
at $3.50, greatly lessons the probability
that the market will wait for Bsssemer
pig to go far below SIS. Some increased
buying already appears by makers Of i'm
PIGMENTS, not as yet in season contracts,
but enough to give hope.
The great rail interest makes no
change. nor the tin plate interest. The
halt in the great iron industry necessarily
affects both business and prospects
In some others. The same extern
siye building strikes which have cut
OF the use Of much structural steel have
also prevented a vast use of lumber, which
was. like iron. extraordinarily advanced in
price.
When cotton had been easily held
above 10 cents, and then had dropped
sharply. Liverpool Spectator again
showed how easily Americans are induced
to accept higher prices for the quantity
they have left for sale. The goods mar
ket. quite embarrassed at the best, is not
helped by such vagaries. and the closing
Of important mills was the moro merito-
rious because it gave occasion at the end
OF season with an over supply here both
Of goods and material to rest until Euro
peans have settled their afYaira
"Withouf fnrnaI aproamsnf fh~ rrocIar
industry adopted In part the same course.
many mills having stopped or reduced
force. There has resulted more willing
ness to sell wool. and prices average fully
cents lower than in February
Further important changes, the exact
nature Of which may not be fully re.
ported, are appearing in the heavy decline
OF packer hides at Chicago, ranging from
q quarter to half . cent with sales said
to be from 10000 to $4,000 and also in
heavy sales Of leather to manufacturers.
It is reported that such sales are made
to Enny Of those who bought largely .
few weeks ago. according to report upon
concessions made, and competent report
crs row state that about half cent has
again been conceded from recent prices.
Tho sharp fall Of cents in wheat and
4 cents in corn appears to reflect public
confusion after hearing much evidence, Of
fetal and unofficial. regarding the extent Of
injury to both grains 1t would not be far
from the truth to say that the contradictory
character of these statements of injury has
well nigh deprived them Of weight. The
shipments go on at a quiet and moderate
pace. Atlantic ports. 1851, sol bushels
wheat, .iour included. against 6,6e5. ss3 last
year; from Pacific ports 1.ss1. 5s7 bushels
against Els, GAS last year, and Of corn o.
;2e.5ss bushels against 9.2S9. sss bushels last
year.
"The stock market has been running re-
steady in spite Of some relative
in the earnings Of railways In
July. for while these have shown good
gains in all quarters the gains have been
ess than in previous months. Thus in half
II July the roads thus far reporting have
shown only 81 per cent increase uver last
rear and 1913 per cent over 1893. although
he June report. now much more complete.
shows gains Of SO per cent and 27.5 per
cent over the previous year. But the mar
ket is one which most holders 90 not care
% drop. and the average Of prices wavers |
but slightly. closing with a small average |
advance.
Failures for the week 231 in the United
States against las last year. and q in Can
ida against q last year.