The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1897-07-03
TREND or TRADE


aiid-summsr DAllnass IN Indn,trlal Al
ralrs--lFiHhtsnlng PFospsois or Crops
Are efths Highest chArasisn
NEW YORK. July AR. @. Dun g
Co.'S weekly review Of trade to-mor-
row viii say;
Midsummer vacations have COM
menced in many works with the de-
crease of orders usual at this season.
The customary vacation is called a
strike where agreements regarding
wages for the coming year have not
been reached, and the extensive slrlko
OF Amalgamate iron workers announced
July ist, IA OF this nature, but the strike
OF coal miners IN Illinois and other cen-
tral and western states, Is not, and may
prove costly. In some iron and cotton
works wages have been reduced owing
20 low prices, one cotton mill In Vir-
glnia closing because reduction was not
accepted. With q better demand, the
employers will seek agreement, and. In
It's abaence the workers will before long,
80 that the situation 10 distinctly OF a
mid d-summmer character. Larpe hopes
are built on prospective demand after
the tarin bill has passed. but the pres
sure In the market OF large importing
stocks may defer It, The general boz
lief Is that removal OF uncertainty Will,
In any case, increase business.
Since much OF the future depends on
crops, the Frightening prospects are OF
the highest character. Estimates by
persons usually most pessiniistic, now
far exceed any made month ago, one
promising 559,000, 900 bushels wheat, with
lower condition. but largely increased
acreage OF corn. Cotton prospects arr
brighter, as tho crop appears 10 be
early rather than late In regions which
were not flooded.
The iron and steel industry halts at
midsummer although the demand for
finished products still inereases and dis
appointment Is due only to the fact that
the increase Is not yet enough TO keep
all mills at work and thus 10 bring bets
ter prices. which now averaae slightly
lower than before, though not one per
export trade is increasing and a large
order for India has just been taken at
price said 10 be IS below British bids.
Coke production Is increasing again, as
more Iron furnaces are going into blast
and an addition Of Is cents has been or
dered in anthracite coal. Tin - higher.
at al cents, with larger consumption,
and copper at 10A for lake. with heavy
exports, while lead has advanced to
SO cents. American makers are selling
tin plates largely at $500 for full
weight. against $3.50 for foreign.
Textile manufacturers are waiting
and cotton mills curtailing production
with large stocks on hand and pricos
scarcely changed, while woolen mills
are gradually increasing work, with
better orders, and prices incline to ad-
vance a shade. Enormous buying OF
wool. 25e. 900 pounds this year, and
against 102, 100000 last year. rehects
speculation mainly, and some large lots
have been cold three 70 Ave times since
arrival. Prices ore somewhat stronger
at seaboard markets. and so high In
the interior that dealings in domestic
are restricted for two months to less
than 2i,00o000 pounds against b5,00o,0o0
foreign.
Failures for the week have been al
IN the United States against 25l last
year and 80 In Canada against p last
year,