Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1895-07-24
THE WEEKS TRADE
Midsummer Brings Slight Signs
of Dullness, as Expected.
IRON IS SrILL ON THE BOOM
Numerous Advances In Wages. but
strikes Are Growing Larger and
More Important.

New York. July ls.-R. @. Dun &
Co.'S Weekly Review OF Trade tomor-
row win say:
The weeks news Is not entirely en-
couraging. but II In all the more natural
because there are signs OF midsummer
dullness. Wheat prospects are not
quite so good as last week. but still
there are lower prices. as corn and
cotton have been lowered. The ex-
ports of gold and the less favorable
treasury returns for July are not un-
expected and mean nothing as to the
coming business. There In a perceptible
decrease In the demand for most mans
ufactured products and the actual dis
tribution 10 consumers naturally less
ems In midsummer. Much OF recent
buying was TO anticipate a rise In
prices. and such purchases fall of when
prices have risen. There are still num-
erous advances in wages, but strikes
grow more numerous and important.
IN part because business was unusual
ly large In the first half OF July. A
quiet tone meets reasonable expecta-
tions. The heavy bank failure at Mont
real does not affect finances here and
Is passing there with much less disturb
ance than was feared. Gold exports
for the middle of July. when crops are
beginning to move. IL not meant to
affect stocks, can at all events have
only speculative significance.
Orders have so accumulated in iron
products that some works forego the
usual summer rest and eastern furnaces
are soon TO begin blast. which will add
about 5000 tons weekly to the produc-
ton few quotations have advanced
gray forge and eastern bar. while Bes-
semer pig In n shade weaker at Pitts
burg, but the averages OF all prices lie
! per cent higher for the week and 2s3
per cent higher than February 1. The
strike OF several thousand miners In
the Marquette region may have i'm
portant consequences. Producers OF
nom -Bessemer ore have sold largely for
the future at prices 80 low that they
can not add TO the cost OF production.
and other mines In the northwest may
be affected. Minor metals are stronger.
with sales OF 100000 pounds OF copper
up to IL cents for lake and are very
firm In spite of a large visible supply.
Wool advanced in the first half of
July an average of 1 cent for 104 quota
tions OF domestic by Coates Bros. of
Philadelphia. and is now 7 per cent
higher than a year ago. The sales
naturally lessen. being 7.sso.ooo pounds
for the week against an average of
over 1900 o09 pounds for each OF the
two previous weeks. but the prices are
sustained by German and French buy
ing In the London market. Manufac-
turers do not support the advance and
are buying only for immediate needs.
but holders who have taken for weeks
NJ ha
sumed. are stiff.
Cotton mills continue to enjoy a
large business and several have ad-
vanoed wages this week. but some
strikes of considerable Importance are
threatened or In progress. The weaker
tone of the material does not as yet
affect the prices OF goods.
The failures for the week have been
25s against 2ss last year.
BRADSTREETS REPORT.
New York. July i9.-Bradstreets to-
morrow win say:
''Ali the previously reported favorable
industrial and commercial features are
continued this week. the endurance of
the revival in the demand for iron and
steel. the further advances in prices of
the same and additional increases of
wages OF industrial employees being the
most significant. Merchants at almost
all the larger cities are preparing 10
send out travellers. and until they begin
TO exhibit results no exact estimate of
how the fall trade will open can be pre-
pared. At this time the outlook liz re-
garded as highly favorable. At Boston,
Philadelphia and Baltimore. among the
eastern cities. noteworthy gains In sales
OF staples are announced.
The expansion OF Industrial activity
at Chicago. st. Louis. Louisville and
Cleveland stimulates the distribution oi
merchandise. staples. generally. Coun-
try buyers are present In usually large
numbers.
Reports from southern cities show
further important gains this week. be,
Ing more marked than In like period
for months before. Country merchants
In South Carolina are much encour'
aged with the crop outlook. as the de,
mand In fair and the prices tend up
ward. Like reports come from Angus
an, and In Texas cotton buyers have be
gun 70 make their presence felt. Tn.
delay In the pay OF the sugar bounty
checks the trade In the Louisiana sugai
districts. The volume Of trade IL smaller
at Jacksonville.
The Pacific coast advices are tina
the California wheat crop Is threshinl
out poorly. but In the northwest tn
The total yield OF corn In the countr.
win probably exceed even previou
large views"