Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1895-07-20
MIDSUMMER ACTIVITY
It Is Unusual for This Season
of the Year.
FROsTS AND FRIGHTS HAVE GONE
Speculation is Now the Only Thing.
Which Will Prevent Much Money
Coming to This Country.

New York, July 15.-R. G.. Dun e.
CO. weekly trade review says; A
business flood 50 strong and rapid that
conservatives fear it may do harm is
out of season i'll July. But the seasons
this year lap over and crowd each other.
May frosts and frights, it is now evil
dent, kept back much business that
would have been finished before mid
summer, and the delayed accumulation
of one season gets i'll the way of efforts
to begin another on time. But the
volume of business it may be assured,
is remarkably large for the month.
even i'll good year. The exaggerated
fears about crops have passed, the syn
dictate is believed to be both able and
determined to protect the treasury, and
the time draws near when the market
ing of the new crops will turn much
money this way, if speculation does not
hinder. The week has been notable
for a sensational fall III wheat of eight
cents III two days, followed by recov-
cry of five cents. The sudden drop in
the price was the result of speculation
The weekly output of iron was ILL.,
1874 tons, having risen 1890 tons in
June, and where furnaces have gone
into operation since July, the output
rose, and has put into operation many
additional works. There is rush to
buy before prices advance higher. H.
tluential manufacturers are sending out
hot no
other rise, and prices have advanced
per cent, but are 10 per cent lower than
i'll October, 1894. The demand for !
structural iron is enormous, including
l, 800 tons for No. Broadway, and as
much more here, and as much in Chi
cago On smaller orders. Bessemer pig
has advanced to STA 90 at Pittsburg,
and wire nails are $l.55 higher than
III October, 1894. Gray forge adj
yanced to $l1.25; structural beams, to
$3.50. Copper is stiff at $3.50, and
lead at So. 81, but tin is slightly lower
at IA cents.
Wool is still advancing with enor-'
nous sales, l2,714, 600 for the week,
and in two weeks of July, &c, 497, GA
pounds, as against 1856 800 i'll the
same week of 1892. As the sales are
about four times the weekly consump-
ton, it is expected that the market is
speculative, but the rise abroad has set
the country ablaZe, so that Western
holders are asking even higher prices
than heretofore. But buying by most
Of the manufacturers is nearly ended
and at the prices now asked for wool, =
some manufacturers are doubling
whether Il corresponding value tor
goods can be realized. Labor contro-
versies i'll wooden mills have generally
resulted against the workers, although .
some advance i'll wages has been OBJ :,
tanned, but a strike of carpet-weavers
at Philadelphia already affects several
thousands and threatens to include
great many more, an advance Of IL
cents being demanded, while the mar
ket for goods is 50 dull and weak that
manufacturers naturally refused.
Cotton goods continue active and
strong, with comparatively little diff
Guilty as to labor. Northern mills have
taken little over 100, 900 bales in the
past three months, since cotton was be-
low I cents, but with cotton bought
cheap for five months ahead, they are
able to do a good business.
Failures this week have been 253 III
the United States, against 24i last
year, and 35 in Canada, against 40 last
year.