The Oskaloosa herald. (Oskaloosa, Mahaska County, Iowa) 1885-1919, 1901-08-01
THE WEATHER AND TRADE.
Erect of the Long Heated Term and
the Industrial Troubles Felt
in Commercial Circles.

New York July 27.-Bradstreets says:
"Iiot and dry weather in the great str-
plus grain producing regions west Of The
Mississippi river has furnished the lead
ing topic OF trade and speculative discus
sion this week. Cereal prices quickly re-
sponded to the food Of bad reports, and
stocks We're correspondlngly weaker, but
good rains In the spring wheat and north
ern corn belt later on caused reverse
movements and the growth OF a better
feeling. Produce, particularly butter,
vegetables and eggs. notes the effect Of
unfavorable crop and weather conditions,
and is high and of poor quality, while
canned goods are in active consumption
and tend upward. Sugar is irregular in
price for refined. while raws are firmer.
The steel strike is apparently regarded
as of less importance than it was week
ago. and the petering out of the coal
mine dremen's and the machinists' strike
have resulted in resumption OF work in
many lines Building is active, and white
pine lumber tends upward; boots and
shoes are moving into consumption in
large quantities, textiles are quite steady
in tone and the strength Of foreign de-
mand for our wheat makes it probable
that exports OF this cereal viii 90 far
70 replace smaller shipments OF other
grains. Summer dizziness and the strike
dominate the entire iron trade, but de-
mand for finished products, such as tin
plates iron and steel bars, hoops and
sheets, is reducing jobbers' stocks rapid
ly and causing high premiums"
r. C. Dun & Co.'S Weekly Review of
Trade says: "A fortnight of the steel
strike has passed without materially al
tering the position of the contestants or
adversely affecting the industry as a
whole. Exceptional activity is noticed at
the mills not affected by the strike and
the movement of structural material for
bridges buildings and track elevation is
still heavy. Steel bars for agricultural
implement makers are firm in price and
freely purchased Railways seek freight
cars, and rails are sold for delivery next
January. Cotton ties, sheets and hoops
are commanding a premium. Pig iron is
accommodating, but producers offer no con-
cessions.
Variations In the corn market on Mon
day indicated manipulation by stock mar
ket interests. Weather reports alone were
sufficiently distressing to carry the
September corn option at Chicago TO
within a small fraction of 60 cents, while
the withdrawal of support caused sales
six cents lower the following day. High
prices prevailed throughout the week,
however, and 2.449 s1 bushels Of old corn
were taken out of cribs and marketed at
big profits Foreign buying is insignifi-
cant, Atlantic exports for the week
amounting to only 1,0t2,S6l bushels,
against 3,O99,S9 a year ago. when quota
lions were about Is cents lower. Wheat
prices are more rational, and the move
ment IS heavy; receipts for the week
were 6,S9S,52S bushels, against 5,O46,sg1 last
year, and Atlantic exports 4,S7Sr309 BUSH
els, against 1,60L9S5 a year ago.
Failures for the week numbered 1873 in
the United States, against 81 last year.
and Is in Canada, against Is last year