Omaha daily bee., 1895-09-28
PRICE OF COTTON ADVANCES
Reports of Damage and a Short Crop Con-
tinue to Be Received.
WHEAT ADVANCES FIVE CENTS FOR SPOT
Iron and steel Present Some Anomn-
lous Conditions-Henvy Wool Sales
in London stimulate Spccuin-
ton, but Prices Unchanged

NEW YORK. Sept. FIR. G. Dun 4
Co.'S Weekly Review of Trade says: The
speculation in cotton has lifted the price
Ssc during the past week, and quotations
here are some higher than at Liverpool, so
that free exports cannot be expected. 1t
seems no longer possible to hope for a
good crop. and Neill Bros. have issued n
circular predicting a yield Of only
100000 bales. The accounts Of in
jury and loss grow more dismal
each week, and while they may be
somewhat exaggerated, the general outlook
is decidedly unfavorable. But for the ex-
traordinary supplies carried over from last
year. the manufacturers would be In
trouble. But prices of goods rise each week,
adding to the profit of the mills, which, on
both sides Of the ocean, can use for some
time to come old cotton bought at low
prices. 1t is not yet clear how the con
sumption will support the. manufacture. at
for goods. and the demand for goods Is
not particularly good, while the. price Is
a Strike in Fail river n mills Hi,' though the
rise in prices will make II easier for the
mills to grant some advance in wages.
The wheat market has been excited with
out much discoverable reason, and the price
has advanced over . cents for spot and 2'2
cents for December deliveries. 1t may be
said that crop prospects abroad are not
quite as, favorable as they were a month
ago. and with a short supply, at best IN
this country the market is liable to be
unusually short. Western receipts for the
week have been 5,GOl, 56S bushels. against
5,432, 254 last year, and for the month 22,-
S93, 22S bushels, against 2l,925, SS3 bushels last
year. The exports from Atlantic ports,
flour included, have been 1,SS7.50l bushels
for the week, against 2, i40,5S4 bushels last
year, and for the past four weeks 7,52i,6Sl
bushels. against s~,172,3lS bushels last year.
Holders Of corn have judiciously declined
to ''sympathize" with wheat to a great ex-
tent, and the price is practically unchanged.
Pork and hog products are all somewhat
lower.
Nothing is clear about the iron and steel
manufacture, but some of the largest
Pittsburg concerns, protesting to have or
ders for many months ahead, are bidding
for small contracts in eastern markets at
81 to $3.50 per ton less than the quoted
rate. Some say that 1t is done to depresS
the market, and, again, 1T is thought that
the object may be to buy material, but
25G, 900 tons of foreign ore, to be used In
bessemer iron making at eastern furnaces,
and the termination of the Marquette strike
sets free about half "A million tons more
OF bessemer ore within the period of lake
navigation. There is also a halt in the
been recorded this week, though hides are
on the whole a shade stronger.
The advance in wool at the London sales
stimulated the speculation, but prices are
on the whole unchanged, and sales have
been for the month "a, 675,970 pounds, of
02l 900 pounds for the same weeks of 1892,
of which 1929, 900 We're foreign. While the
demand for dressings continue fair, there
is no diScoverable Improvement in mems
woolens, and the importations continue very
heavy.
Failures. for the week have been PIG in
the United States, against 235 last year. and
fifty in Canada, against iifty-five last year.