The star. (Reynoldsville, Pa.) 1892-1946, 1897-07-21
CROP PROSPECTS.
An Advance In Wheat Coal Strike not Cons
sidered Serious,


X. q. Dun e. Co.'S weekly review trade
| ers' strike, which may terminate at any
nme. there II scarcely n feature Of the
business outlook which is not encour-
| aging, the season considered. Crop
prospects have been improved by need
| cd rain In some regions and foreign ad-
vices continue to promise a large de-
inand. In many home Industries. par
titularly In building. there is more ac-
| tlvity than In any year since 1892. md
the week has brought n better demand
| In boots and shoes and In woOlens,
while the movement Of freight. mainly
iron ore, through the Sault Ste Marie
| canal Is the largest In Its history. With
money markets uncIouded there Is
nothing In sight TO hinder rapid Inn
| provement when uncertainty about
| legislation has been removed, for tho
| miners strike could not last iOng X
| business and industries should become
| active. There is much less apprehen-
| sion OF n failure OF fuel supply than
| there was during the first few days
when prices rapidly advanced ana large
| quantities OF coal from West Virginia.
have reached northern markets. but
| some OF the miners In that state have
| struck.
The advance in wheat TO 81 1-sc was
not due to the government estimate,
which was followed by a decline, but to
| foreign advices and considerable buy
| Ing for export. Demand liz already felt
from Australia, South Africa. Brazil
| and even Argentina, while the prom
| ise for European crops is not consider
| ed bright. The disposition OF farmers
to keep back wheat for higher prices
may affect the outward movement. but
| Atlantic exports during July, -four in
cluded. have been 3,l15,443 bushels.
against 2,95S,Sl7 bushels last year. al
though In the same weeks 4.659.315
| bushels corn went out against 1,574,-
072 bushels last year. Wheat closed 10
higher for the week and corn hc high
er. Cotton Is sixteenth higner the
| closing or partial stoDpage OF impor-
tant New England mills hardly neu-
trallzing In market estimation the ap-
prehensions OF injury from drought.
| Speculation In the wool market con-
tlnues with price at Boston advancing.
| with signs OF boom among dealers.
| In which manufacturers are taking
| little part at current prices, ana at the
| West where holders are looking for n
| great advance. Imports at Boston
| were 2S,S62 bales In two weeks. and
| dealers are said to have bought 100000
bales more In London. Sales were TO-
452,30O bales at the three markets for
the week and PASTE, 800 in two weeks, of
which 1861, 200 were domestic.
The output OF iron furnaces July I
was 1G4.064 tons weekly, against 16S.3S0
tons June |, but several furnaces have
gone into blast since July l, and the
output Is large for the season. Pre-
sumably an unprecedented share OF 1t
Is to supply the great steel companies.
| which are even now putting more fur
naces into blast, and have heavy ord
ers taken, when prices were dropped,
while the demand for structural shapes
and plates Is large, and for bars I'M
proving, though steel bars are now at
the lowest quotation ever known In
Plttsburg, SIN to SOC. with bessemer
pig quoted slightly lower. Tin plates
are also lower at SO 10 for full weight
and less than SO is paid for 100-pound
| boxes.
Failures for the week have been 263
In the United tates. against 26y last
year, and q in Canada, against 80 last
| ypnr-