New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1896-07-13


The Government crop report was especially
encouraging as to cotton. showing an average OF
025, in spite Of the material decrease reported
In Texas about the first Of tine month. and later
rains have greatly improved the outlook there.
so that THE Galveston News" judges from sew
eral hundred returns that the yield Will be at
least 1G per cent larger than last year. But the
Government figures the best for July in
the last six years; so that crop approximatng
to the maximum would be expected IL these
ports were considered wholly trust worthy For the
last week the movement has been light, and Is
likely to be for some time. as most Of the cotton
mills have shut down. some others Of Importance
on Friday and Saturday The price declined to
TX cents while August is sold at Z cents against
7.16 week ago. Print clothes are shade
stronger. with large sales though other goods
have not. yet been much affected by the clos
ing Of mills
The department report Of wheat was also
highly favorable, notwithstanding the lower
condition In spring States which had been ex-
ceptionally good. for the condition now reported
Is better than in 1894 1893, or 1892, and prac-
tically equal to that Of 1891 and 1890 Winter
wheat is reported 10 points better than last
year. and about the same in 1893 and 1890.
While experience teaches that the department
estimate, they may fairly be considered with
other evidence pointing to a very fair yield.
The receipts at Western ports in July already
3,19S.3S4 bushels. against 1925 35 in more
day last year, indicate the belief Of farmers and
holders In farming regions that nothing is to
be gained by delaying sales. Atlantic exports
for nine days of July, flour included were 1885,
152 bushels. against 1sJ6.762 in ten days last
year Corn acreage appears only 13 per cent
smaller than last year. when the greatest crop
record produced but the condition is
ported per cent lower. which means that with
ordinary weather we shall still have plenty Of
corn to spare
The iron industry is having its summer vaca-
tion but the ordinary duness is much intensi-
ned by resistance to the demand for unnatu-
rally high prices by several combinations which
have calculated upon heavy fall demand 1t
is not to be understood that in any case except
nails the prices asked high
readily paid in prosperous times, before the Nc
Ilinley tariff enacted or in October. before
Cleveland elected. But these prices are
relatively high compared with the cost Of pig
iron. averaging nearly third higher than at the
lowest point last year, while pig iron is only 10
per cent higher This necessarily causes unwill-
ngness TO buy or to place large orders for the
present. One contract for 1000 to 5000 tons
steel made last week for the new building
in Park Row. and one for $1,000 tons pipe for
Fifth-ave is expected soon but the whole
the stagnation Is remarkable and Bessemer pig
ard Grey Forge and Southern pig were all sold
at lower figures. Nothing encouraging appears
in the woollen industry, and the sales Of wool
for two weeks have been G40l ISL pounds. OF
which 3S301S1 were domestic. while in the
same three weeks last year the sales at the
same three markets were 26.5OO. ia pounds of
which 1856, 100 were domestic. Then much Of
the buying was speculative. but that IS also
true now. as the mills are taking very little.
Money markets have been working into q
rather more healthy condition. and more Is be-
ing done in commercial loans, though even now
far less than in prosperous times But appre-
henson no longer blocks the way. and while
the Treasury deficit for the month thus far has
been So 1S033O it Is understood that pert of it
was brought over from the previous month.
Payments having been deferred to make the
years report look better. The detailed reports
Of failures also somewhat encouraging, as
respects most kinds of business though In few
branches such as woollen and lumber manu-
facture and clothing. the increase over last year
Is considerable.