New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1885-08-24

Among the notices of manufacturing changes
during the week, nine speak of new establish
ments going up, and these involve increased
competition in branches in which large part
of the mills are already closed. while four refer
to the starting of old works. and three to IN
creased orders for work for old establishments.
Two notices appear of increase of wages. but
also two of new strikes by laborers, while there
continues to be prospect of important strikes
on the Wabash Railway and its connections
and among the glassworkers.
Wheat closed on Saturday at its lowest price
since the foolish rise in the middle OF April.
The attempt to lift prices by publishing false
crop reports has finally and completely failed.
The price fell four cents a bushel last week, as
it did in the previous week it Is now two cents
higher than year ago, with less than third
of the quantity exported. Corn was strong on
Wednesday, but fell back to the starting point !;
oats, after advancing until Friday, fell below
the price of last Saturday. Coffee was also
weak and some failures occurred in the trade.
Cotton declined an eighth in spite OF unfavor-
able reports about the yield In Texas, and
better feeling in the dry-goods trade, with
somewhat higher prices for many kinds OF cot
ton goods. Oil advanced three cents and re-
fined an eighth on the reports that the pro-
duction is decreasing, but as before, the
market is controlled by speculative machinery.
Prices OF iron are better, but the quotations
here, though twenty five cents higher than they
were last week, are still trifie lower than
they were three weeks ago, and it is stated that
steel rails are still sold at $27. Pork products
were all lower and the influence of the coming
corn crop is clearly felt.
The stock market touched its highest point
on Monday, and the average was higher than at
any other time for year. When the break oc-
Cured last year in August, the average OF sixty
stocks was $54 As I; on Monday it was $54 IA,
and at the close on Saturday $53 ~,
against $52 "a for the previous week. The air
is full Of consultations and plans of consolida-
| ton. But the good results appear to be real
lied Immediately in the prices of stocks which
is an economical provision against the posi-
, biity that the plans may fail at last. The coal
stocks are better, though the consumption has
been less thus far this year than last. East
bound shipments continue smaller than they
were n year ago, bat rates seem to be IN @
! measure maintained for the first time in several
: months.
The effect Of large crops is already felt in
| larger purchase of goods But the unusually
low prices at which those crops will have to be
marketed are not yet fully felt. The railroad
consultations are felt, but not what they are
going TO cost. The Improvement ut Pittsburg
| and in cotton goods is felt, but not the results
ot "A reduced demand for iron and coke else
where, orOf increased competition from abroad
when cheaper cotton has been secured by
foreign makers The monetary condition is
better and yet il is not safe TO forget that 1t Is
essentially the same in character. depending
still on the will of one man, and on the success
of plans which the Administration seems DIS
posed TO work out in secret.