Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1897-07-08
LATEST TIPS ON TRADE
1T HAS ITS USUAL EFFECT ON
BUSINESS.

| BUSINESS.
New York, July 2-R. G. Dun & Co.'S
weekly trade report says that the mid
summer vacations commenced in many
WOl ks with a decrease in orders usual
at this season. This customary va
cation is called a strike where agree
ments regarding wages for the coming
year has not been reached, and the ex-
tensive strike of the amalgamated iron
workers announced July l is of this
nature; but the strike of coal miners
in Illinois and other central western
states, is not, and may prove costly.
In some iron and cotton works wages
have been reduced owing to low
prices. Large hopes are built on a
prospective demand after the tariff
the market of large importing stocks
may defer it. The central belief is
that the removal of uncertainty will in
any case increase business. Since
much of the future depends on crops
the Frightening prospects are of the
! highest Importance. 1t is estimated by
persons usually most Iessimistic that
the prospects of large crop now far
exceed any made a month ago, one
promising $50 100000 bushels of
wheat with a lower condition and
| largely increased acreage of corn. The
movement of wheat is small, western
receipts for the week being 1851, Ill
bushels, against 2,042,0 for the same
week last year. Atlantic exports were
2,064,0O0 bushels (1our included)
against 2, 162, 900 last year. The strong
effect to lift the prices failed, and the
close was rs lower for the week with
corn q cent lower. The iron and
steel industry halts at midsummer, al
though the demand for finished
products still increases and the dis
appointment due only to the fact that
the increase is not yet enough to keep
all the mills at work and thus to bring
better prices, which now average
slightly lower than ever before, though
not one per cent. below those of March,
1895. Export trade is increasing and
a large order for India has just been
taken at price said to be S. below
British bids. Coke production is in
creasing again, as more iron furnaces
are going into blast, and an addition
OF 20 cents has been ordered IN an
thraclte coal. Tin is higher
at al with a larger con-
sumption, and copper is at 1OA for
lake with heavy exports, while lead has
advanced to So. American makers are
selling tin plates largely at $500 for
full weight against $3.50 for foreign.
Textile manufacturers are waiting with
prices scarcely changed, while wooden
mills are gradually increasing their
work with better or~ers and with prices
inclined to advance a shade Enormous
buying of wool, 256, 100000 pounds this
year against 100,000,O00 last year, re-
fleets speculation mainly, and some lots
have been sold from three to five times
since their arrival. Prices are some
what stronger at the seaboard markets
and so high in the interior that the
dealings in domestic are restricted.
Failures in the United States for the
week were 241, against 257 for last
year.
New York July 3.-Bradstreets' weeh-
ly trade report says that better weather
favorably affected the sale of seasonal
BILE goods, particularly clothing, hats
and shoes, during the week Orders for
prompt shipment are fewer, but the
movement of goods for fall delivery has
begun. The most encouraging feature
is the continued and in some instances,
increased confidence of merchants and
manufacturers that autumn will bring
a larger volume of business at higher
prices. General trade is reported quite
satisfactory at Kansas City, St Louis,
Omaha, Memphis anu New Orleans, fair
without SPECIAL expansion at Milwaukee,
Minneapolis, Cleveland and Chicago,
and slower at Cincinnati, Detroit and
several southern towns. None of the
larger eastern centers records an in
crease. The least favorable feature of
the week is found in the disappoint-
ment at the lack Of demand and the re-
action in quotations for some varieties
Of iron and steel. The threatened idle
ness of 100000 iron, steel and glass
workers and soft coal miners is, except
in the later instance, due in part to the
season Of the year. Exports of wheat
(fiour included) from both coasts of the
United States and Montreal this week
amounted to 2,677,0 bushels, against
2,601 900 the same week year ago.
Exports of Indian corn amounted to
1924 900 bushels this week, compared
with 1,53S,O0 for the corresponding
week last year. Seven thousand and
twenty-four failures were reported by
Bradstreets throughout the United
States for the past six months, falling
off of 57S rom like total of last year,
with which exception it is the largest
aggregate Of failures in Like period.
The total bank clearings of the prin-
cipal cities of the United States for the
week were 81, 065, 101, AGO, decrease of
81 per cent. compared with the CORE |
spending week of last year.