Show H E AT G FlOP DAMA 0 E This Has Been Event Chief Importance Past Week HEAVY ADVANCE IN CEREAL During Ten Days the Jump Has Been Fifteen Cents at Chicago and Eleven in New York Although the September Option Has Only Been Nine Cents At Trade Centers Cotton Cot-ton Goods Are Again Reported Lower In Woolen Goods Manufactures Manufac-tures Demand is Disappointing New York Juno 22R G Dun it Cos Weekly Review of Trade tomorrow tomor-row will pay The damage to time wheat crop of time Northwest is the event of chief Importance How extensive ex-tensive the loss may prove in view ot time widely conflicting accounts can only be judged from the speculative market In which information gathered gath-ered at the West has caused a remarkable remark-able advance at Chicago loo In ten clays and the price here has advanced lie per bushel though for the September Septem-ber option only DC The belief is thai so large a part of the spring wheat has been killed as to reduce a yield expected to be close to the largest on record to1 considerably con-siderably less than the world has required during the crop year now end In c Until within the past three years it would hae been reasoned that any material I advance in I prices would neu Imjjize the foreign condition which had caused exports of about 1SOOOOOOO bushels bush-els of wheat flour Included in1 the closing year after 222000000 bushels in time previous year and 217000000 bushels bush-els in the year of 1S9S besides exports of 213000000 bushels of corn in the closing clos-ing year against 177000000 bushels last year and 212000000 bushels in time previous pre-vious year But the fact seems to indicate in-dicate 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 shov enormous power of Increase if supported by prices which until I recent > ars would hardly have beon regarded remarkably high If the coming frop falls much below expectations expecta-tions Ihe demand for 11 I may prove surprising sur-prising even though prlees average more than I have been expected In iron and stool progress inward that end was made when the structurti producers a week ago reduced the prices of beams to lOOc and angles to lSO at Pillsburg leaving only rails and tin plates which have not been iv diiced from the highest point Time rail works are crowded far ahead and the question In I plates depends largely upon wages Weslern bar is reduced lo i5c and steel bars lo 1 5ic ai Pit tshur with a general shutting down of work expected July 1st Hoops are quoted lower at 22 c and No 21 black eheots at 3i buyers askfng only for small lot There is a wide range of quotations for merchant steel and the lower prices named for pipe have only started the demand a little as buyers expect yet lower quotations Minor metals arc also quiet with small liansacttons The shipments of boots and shoos only 2fS7IS cases in three weeks of June are over 20 per cent smaller than In 1SHO or mi and smaller by i 10 per cent or more In other yeais Tho jobbers job-bers still appear inclined to wall aimi 1 some manufacturer decline Quotations ivccnlly named and have closed or reduced re-duced force Of necessity the best economy in I production cannot be cached under such conditions Hides at Chicago are not changed for thj week as reported gains and losses balance bal-ance Lower prices are again reported for several grades of cotton goods and are exported for others mid buying is thereby retarded Heavy brown goods and drills and denims are dull and without doubt the uncertainty of the material I maiket had some influence The pi Ice of raw cottons has again uel vanced a quarter during the past week but without clear indications of increased in-creased demand for time supply main big or insufllclonry of that supply In woolen goods the manufacturer also hind that the demand falls to answer expectations or to suppoit prices asked nt the opening and some large works are now reported running part timo or closing At the three chief markets wool has been extrenioly dull with sales of only 2720600 pounds Evan where considerable consid-erable blocks arc found at low figures the conditions of the goods maiket is by no means encouraging to buyers Failures for the week have been 17fl in the United States against iTS last year and 21 In Canada against 18 last year |