Pawtucket tribune. (Pawtucket, R.I.) 1890-189?, 1895-07-20
THE BUSINESS REVIEW.
Conditions Considered Favorable to
/ Activity In Trade Circles.
Canada's Crop Outlook Some
!, what Discouraging.
Lower Prices For Corn and Whcat-..How II
Fares With the Industrials.

NEW YORK, July 20.-I}radstrcct's to-
day says: All the previously reported
favorable industrial and commercial fea-
tures are continued this week, the endur-
ance OF the revival In demand for iron and
steel, the further advances In prices Of tho
same and additional increases OF wages OF
industrial employees being tho most signi-
flcant.
Notwithstanding the midsummer
quiet In some lines OF general trade, tho
volume Of general business throughout
the country Is largely In excess of that Of
One year ago
Grasshoppers and lack of rain have in
jured the crops in the province Of Quebec,
and i'm westerK Ontario tho outlook Is so
unfavorablc i'm some localities that cattle
have been turned into wheat and hay
fields.
General trade Mt Montreal Is only fair,
and requests for renewals have increased.
Fears as To the consequences OF the banking
embarrassment there have subsidod in
large part. The general trade prospect
there, as at Quebec city, Is not as bright as
1t was 10 days ago. Business Is quiet at
Toronto, with moderate improvement In
demand, based on gcners\ crop prospects
and the demand for wool from tho United
States. The outlook Is favorable at Hall
fax, and fair ut Prince Edward Island.
Drought and forest fires have added TO the
disaster i'm Newfoundland, but the fishing
season In that colony Is said to have been
uncommonly good.
What Dun a. Co. Have to Say.
r. g. Dun x CO. weekly review of trade
says; The weeks news is not entirely en-
couraging. but is all the more natural be-
tharn "a aI.n Cinna nf IniIsI IIIll-
ness.
Wheat prospects are not quite so good
rs last week, but still there are lower
prices, rs corn and cotton have been
lowered. The exports of gold and the less
favorable treasury returns for July are
not unexpected and mean nothing as TO
coming business. There Is pcrceptible
decrease in the demand for most manu-
facturcd products, and the actual distrbu-
tion TO consumers naturally lessen in
midsummer Much of the recent buying
was to anticipate u rise in prices, and
such purchases fell off when prices have
risen.
There are still numerous advances in
wages, but strikes grow more numerous
and important. In part because business
was usually large in the first half of July
quite tone meets reasonable expecta-
fions.
The future turns on crops and the mar
kets reflect a prevailing belief that the
crops are to be fair. Stocks carried over
are such that yield Of 100000 bales cot
Aon and 420, 100000 bushels wheat would
meet all needs, but lower prices prophesy
larger yields, and of corn probably tho
largest on record. Wheat has declined 2
cents for September corn ~ cents and
cotton H cent for spot.
TO some extent industries are awaiting
the crop outcome, rs usual in July, but
reports Of more works going into opera
tion express faith in the fall demand, for
time of reaction after the heavy pur-
chascs of the past two months was inevit-
| able. Orders have so accumulated in iron
products that some works forego the usual
summer rest, and eastern furnaces, soon
| TO begin blast, will add about 5000 tons
weekly to the production. Yet the week
has been in new business the dullest since
the rise in prices began, rs many hesitate
TO buy after 50 great an advance. A few
Quotations have advanced-gray forge and
eastern bar-while bessemer pig is shade
weaker at Pittsburg but the average Of
Pill prices is per cent higher for the week
hnd 2S.3 per cent higher than Feb. 1.
Minor metals are stronger, with sales of
900 pounds copper up to IL cents for
axe, and tin is firm in spite Of a large
Visjble supply.