The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-31
SKIES ARE CLEARING
Nearly All Northern Cities Of Importance
Report Improvement in Business.
ADJUSTING TO CHANGED CONDITIONS.
Fricc of Wheat Rises nnd Foreign Dc
ntand MISUNDERSTANDING Con.
trndictOry EventS-IndustriuI SItt
Partly ClOudcd-RRitroR Rcpor.
Increased Freight business.
New York, July 30, 1897.

.>NeW Hork, July ~, 1877.
R. G. Dunn &; Co In their weekly re-
view OF trade Will say:
Dispatches from almost every North
crn city of Importance report without
exception Improvement In business and
from Detroit to Seattle and Portland
splendid croprprospects. The task of ad-
JuEtinE the business and industries OF
the country to conditions created by a
new tariff law has progressed with gra-
tifying rapidity and ease. Even the In
creasing strength Of striking coal miners
probably forwards the adoption Of the
uniformity plan which promises to re-
move most of the causes of such struG-
giles. Some confusion is caused by events
seemingly contra dictory: by closing of
large cotton mills when many other
works are advancing, but the balance
is Enthusiastically on the bright side.
The most important event since the
passage OF the new tariff bill. which
was generally anticipated q week ago,
has been the marked increase in foreign
demand and advance in price for wheat,
which has risen 4%;c during the week,
with Western receipts for the first time
exceeding last years, with Western rail
roads beslcged for cars, and with Allan
tic exports of l.7lS,73S bushels of -four
included for the week and 6.35l IFS
bushels In four weeks. against 6,9lT .S65
Stdl, Will ltuNS CputIaClS LOT SHIP
mcnt exceeding 100000 bushels on n
single day.
The fact that corn exports exceed last
years, although the price has advanced
to S2.S7 cents, Is further proof that for
eisn demands are substantial. With
crop news still favora bic, producers may
probably realize something like $50 0O0,-
600 more than last year on wheat, Which
means great difference in purcha scs
n tna n1C n
ranced 1.25 cents and cotton Lie, though
reports as to yield are good.
The Industrial sky is partly cloudcd
by coal end iron tlini vlilties, and by the
closing Of some large cotton mills. Hav-
Ing run for months far ahead of con-
suming demand on cotton, bought at
comparatively high prices, the mills see
ahead n large crop and cheap cotton.
and st is but the rational way TO halt
production and clear off accumula ted
stocks at the season when vacations
arc common, and begin the new year
on its own basis. The WOODEN manufac-
turc answers wholesomely and moder-
ately to the new tariff conditions, and
while the opening of light weights below
about 81 IN cost, has met very encour-
aging demand, the advance in prices
asked ia not large. With very heavy
stocks of free wool on hand, manuTac-
turcrs are able, and In the presence OF
large stocks Of foreign goods. arc oblig-
ed to engage for the next season with
out advancing prices in proportion TO
the rise in WOOL and large contracts of
that nature have already heen made
Selling of wool at Bos where the spec
ula ton has been most active, Is sugges-
tive. amounting TO S,SiS,oc0 pounds, for
the week
Delay In the iron industry Is partly
because wages have not been settled at
all works, though at many, hut partly
because steadily rising demand does not
yet raise prices.
Failures for the week have been 236
In the United States against 2Sl last
year. and IS In Canada, against 30 last
year.