New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1895-08-05
NETWORK DAILY TRIBUNE MONDAY 1s95-TEN PAGES

70 keep back crops for higher prices ""''"
will somewhat affect traffic. ..,
western receipts OF wheat In July were o'''i'
oss bushels against 11,9S3,6ls last year. anu
Atlantic exports were only 3,495,o64 Dus"e,''
against 1855 633 last year. Shipments iio.
Pacific Coast are heavy. but all OF o'u ""e
and San Francisco dispatches state ina. ~"
harvost Is disappointing. and 1t Is douoti"'
whether California will have over ooo'V"o WI"
for export. Spring wheat estimates co"''"",
very good. though In parts OF Minneso'a ""N
Dakota prospects are little less chee''ne ~
q fortnight ago. The price mas oroPpeu
three cents as exaggerated stories Vi 49,.
current a week ago were cleared away al" NV
smaness Of receipts is generally at'riDN
concurrent action Of farmers. rather than 10
sso,,nos. a, WELD Corn has declined cent
and would presumably go lower II TINS mont"
.bou,d mass without injury. Cotton has al
vanced an eighth during the week, with less
favorable accounts Of weather and condition'
Tho o6Ss151 bales already In sight ihciuoe
60 oss which came into sight in July, against
7s o24 in the same month Of 1892. and Mortimer"
snnners took 81 s25 bales against o|'o'' III
1892 while the exports were only 6eoS' oa'es'
against l22161 in 1892 The decrease IN COM
mercial stocks Of American mere ana a"'o
was 1872 4s4 bales in July. against Sof''io III the
"a me month of 1892. but the STOCK Is sun oNe'
. non ooo bales abroad. and about four hundred
,bousan nd here besides large mill stocks on DOM
sides
Coates BROTHERS circular shows very eheh'
advance In prices of wool for the second nan
Of July and the average Is now exactly eis"'
cents below that of August l. 1872 IAN VI %
per cent though the rise since the "rs' Va
I,oo hos averaged LIZ cents. or 10 per cent
he
'Yhich has characterized the season mas ITO"
",ear,v ceased and the markets are dependent
"on the ordinary manufacturing demand Ihis
4, m ha noticed because some have imagined
that tho enormous sales indicate that all the
machinery Is Al work. The strikes In the great
Garnet mills about Philadelphia have not
ceased. some other strikes lnger and there are
a good many mills which have not gone INTO
operation this year. while others are worh'"s
part capacity. But several more mills apie "
run have granted some increase In wages ana
the general outlook for the new season Is con-
sidered encouraging. though foreign compeu-
ton has undeniably cut down the market ior
some goods materially. The movement. vi
prices is still irregular. Cotton goods commune
to make occasional advances. with a fair de-
mand for the season.
The excited advance in iron and steel prod
since it began there reported some con-
cessons by holders to retain their customers.
Rar-iron has moved up a shade. and the de-
mand for bars and plates is enormous but pig
10 q shade less strong obviously because many
other furnaces are going into operation
similar Increase in works using pg-iron may
follow and 1t Is the effort Of the new WORKS u
get orders which visibly checks the advance.
The boot and shoe shops are nearing the emu
of orders and getting little new business
at present though their shipments conNnue
larger in number Of cases than In any other
wear. Quite a general disposition is observed
to restrict purchases on account OF the advance
in prices. but leather and hides continue as
strong as ever.
While stocks have been weaker since the ex-
ports Of gold were announced, the decline mas
NOT been great in railroads, and three Trusts
Sugar Gas and Whiskey-furnished o'o,ooo out
of 1.453.O 900 shares sold during the week Bos-
ton has had a wild time with copper STOCKS
which have been helped by sensational stories
about the copper market. 1t is the fact that
in a few transactions Tx cents was PAID
for Lake and very large contracts for deliV-
cries TO consumers have been made at lower
figures A year ago Lake sold at cents, be-
gan this year at 91a. and rose to TO- out Tell
to 9h cents and so quoted early IN April
The rise in four months has been 2Is cents or
q per cent which is not as great as the al
vance in some other products. But 1t seems 10
have been justified by the great consumption
The coal market was demoralized by de-
cision to revive auction sales and II Is stated
| that the first would have been announced mad
| not Reading made quick. though temporary
| concessions.
There was nothing new in the money market
| which by no means shows the increase In de-
mand for commercial and manufacturing pur-
poses which might be expected. Yet the vol
| ume Of business in July. represented by pay
| ments through clearing houses, was but ~ per
| cent less than in 1892. being larger by per
cent in Eastern cities. 5s per cent smaller at
| New-York as per cent smaller at the west
and 124 per cent in the Pacific States and AT
miscellaneous scattered cities ia per cent
smaller The heavy business at the East re-
suits from the abnormal delay Of spring and
summer business FIRST by uncertainty until
| Congress had adjourned and then by unprece-
dented storms and frosts in May.