Eagle River review. [volume] (Eagle River, Wis.) 1890-1927, 1902-07-19
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- ~ Good news predonI
New YORK. mates, although unfavora5

NeW IOIK, mates, although unfavoraFl
------1 weather proved a drawb,.l
at many points and new labor dspm
arose. There is less than the customs
midsummer idleness in manufacturing
dustries, despite the scarcity Of fm
Commodity prices are fully maintains
Railway earnings thus far available +
June average 90 per cent larger than ls
years and 2O.6 per cent above those
1900" The foregoing is from the we6
ly trade review of L. G. Dun & Co. Nd
continues:
Statistics Of pig iron production on J6
/ are somewhat surprising. According,
the Iron Age the weekly output was At,
new high record of 352, 800 tons, notwt
standing the shortage Of fuel. In stu
the situation is mixed, heavy lines "a.
ing further behind orders, while nun
Der of rod, wire and nail mills in IA
Pittsburg region have shut down fort
usual vacation. Structural steel and ri
way supplies are urgently sought,
much more business being placed IL
activity is assured well into 1903.
Corn has again been the prominent f
ture of the markets for domestic staD
SPECTATORS at the West secured cont
of the 100000 bushels in the visit
supply, and compelled the short intereS
to cover contracts at disastrously hf
prices. Farmers reserves are evider
insignificant, for attractive prices do
bring out even fair volume of recept
-- An advance in the price
| lhl2110 July corn to 9Oc last T@
put it to the highest 6g
since 1892. The high point was q
above the close of the previous WEE
and 32c higher than the low point ont
decline less than a month ago. 1t was
clear case of squeezing the shorts. I'll
close was Soc. The trade paid little
tention to the government report on con-
although it is very bearish. The c@
ton of S7.5 is fairly low for July, b
there is an unprecedented acreage v
100000, which, figured by States bas
on government conditions, indicates
yield Of 2,49O,000,000 bushels, the &
est on record. The surplus States hay
prospect of 1878, 100000 bushels, ord
BILE last years. With old reserves Zig
and likely to be exhausted by the
the new crop begins to move, there
feeling among traders that corn is n
likely to average much below Doc. {
Sentiment among wheat traders as
the future course Of values is NIL
Some of the sharpest and best operat
are friendly to the bull side. There's
also q number of shrewd men who
lieve prices are high enough. The y
last week was governed largely bT
weather, and although averaging hE
closed with a gain of only 14c on JulIa
a loss Of 1sc to 3sc on distant mdh
September, which was &c under DIE
Der a week ago, advanced to 12c pre4I
but closed &c discount. The cash FH
ton is regarded as strong. Heavy StG
throughout the winter wheat cou1l
have delayed the movement and deter
ated the quality. There is prospect q
larger quantity of low grade wheat
the present crop than has been kno
for years. The worlds stocks of VIII
are the lowest on record with the exc
ton of the Letter year, 1S97-9S. The
crease last month, taking the Daily lF
Bulletins estimate, was 27,346,0OO ba
els, and the worlds supply, 1O5,S2I
bushels, while in the Letter deal it
down to 103,00OO00 bushels.
During the week top cattle sold
$50, being zoe above the previous We
and the highest July price on re@
Hogs sold 221ac higher than the prev
week. the highest since March. 1893
the highest July in twenty years. Ih
loads sold at $S.25. Sheep and lao
sold poorly during the week. Catts
ceipts were comparatively small,
hogs and sheep liberal compared
the previous week and a year ago.
ceipts Of sheep for the week were