Omaha daily bee., 1897-04-03
MARKETS STILL WAITING
Vote on New Tariff Bill Makes but Little
Impression.
FOREIGN IMPORTS MAY BE RESTRICTED
Current Estimates Regarding the
wheat Crop Are More Favorable
Sales of Wool Exceed
Those of n Year Ago.

NEW YORK, April ar. G.. Dun & Co. s
Weekly Review of Trade tomorrow will say:
The markets are still waiting, some sagging
downward and others recovering. The vote Of
the house in favor OF tariff bill has made
no Impression on business. since 1t had been ex-
pected that some measure of the same general
stands. with its provision making new duties
applicable April 1. tae chances are that foreign
imports and treasury receipts may be for time
considerably restricted.
The market for products has been variable and
uncertain Wheat closes a cent lower than last
week. and the May option has declined &C.
Western receipts for the week have been 27Sl J57
bushels, against 1851. 2O5 bushels last year while
the Atlantic exports. flour included, have been
2N5,2S bushels, against l,2oO Ol3 bushels last year
The movement of corn continues so large as TO
materially affect the demand for wheat, west
ern receipts having been S62 bushels for the
week. against 1.si5,054 bushels last year. and
Atlantic exports 4 2gl G29 bushels, against ,065,
regarding the wheat crop are little more favor
able and are somewhat more likely TO prove re-
liable, the advance of the season makes the
condition of growing wheat better known.
Cotton has not changed in price. although the
floods In the southwest have doubtless done much
harm. Cotton and other textile manufactures
slowly gaining in business. though print
cloths and most OF the staple cottons remain un-
changed In price and restriction of output seems
to have given some relief to the market. The
buying of wool by mills is still n noteworthy
feature, being far in excess of current consump-
tion. but there is much greater volume of
transactions between dealers, and at the three
chief markets the sales for live weeks have been
g. I25 200 pounds, against 25,37676 pounds in the
weeks of 1882 when the mills were well
employed. Prices are very strong. both here
and at London, where the advance since the
sale began is from Is to % per cent, but there
are feverish Irregularities indicating that holders
not all of one mind and some remember that
large mills have taken stocks for full years
consumption.
The iron and steel industry has been staggered,
so to speak, by the decision of the supreme
court affecting the railroads, since 1t is appre-
hended that more purchases not only OF rails but
of cars locomotives and bridge materials may be
affected The demand for rails is still consid-
cradle. and one order is pending for 10000 tons
for Japan but the reduction in Mesaba ore with
the want of agreement as yet among producers
Of hard ores, tends to encourage the belief in
lower prices for finished products, and so to
hinder buying. The great struggling between
the producing companies of Mesaba has not
yet far developed that anybody can feel con-
fdent as to the future cost of iron. Meanwhile
with pig accumulating. although some furnaces
have stopped production, the price of Bessemer
at Pittsburg is shade lower at $40 %, and grey
forge al 50. but there are no Quotable changes In
prices of finished products. although the tone Is
rather weak. The combination In cut nails
only affects selling prices in eastern markets.