Mineral Point tribune. (Mineral Point, Wis.) 1869-1938, 1897-08-05
BUSINESS is BETTER
SO DUNN & CO.'S AND BRAD
STREETS REPORTS SAY.
WHEAT GOES STILL HIGHER
Foreign Demand Adds Another Az
Cents to the Price During the
Week-Prospects of Big Crops of
All Kinds Give a Great Impetus to
Trade in General.

New York July 31-R. G.. Dun
e Co.'S weekly trade review
says dispatches from almost every
northern city of Importance report
without exception ar improvement in
business, and from Detroit to Seattle
and Portland cone news of splendid
crop prospects The task of adjusting the
business and industries of the country
to the conditions created by the new
tariff law has progressed with crafty
ing rapidity and ease. Even an in
creasing strength in the striking coal
miners looks probably towards tie
adoption of a uniformity plan, which
promises TO remove most of the causes
of such struggles. Some confusion is
caused by events sc, mingly contradic-
tory; by the closing of large cotton
mills when many other works are
stal ting, and by the decline in some
PRICES when others are advancing, but
the balance is Enthusiastically on
the right side. The most important
event since the passage of the rev tar
iii which was generally anticipated a
week ago, has been a marked increase
in foreign demand and an advance in
the price for wheat, the latter having
risen Az cents during the week with
western receipts for the first time ex-
ceeding last years, and western rail-
reads beseiged for cars, and with At
lantic exports 1,719,000 bushels (flour
inn Ind lA e., 1,p IL
bushels in four weeks gainst G,91S,000
last year. The fact that corn exports
exceed last year S, although the price
is advanced to 80 81 cents, is further
Iroof that foreign demands are sub
stantial. With crop news still favor
able, producers may probably realize
something like $S0,CC0,000 more than
last year on wheat, which means a
great difference in purchases by agri-
cultural states.
The industrial is partly over
clouded by coal and iron
difficulties and by the closing of
some large cotton mills Having run
for months far ahead of consump-
ton, the demand for cotton bought
at comparatively high prices is less
ened and the mills see ahead a large
crop and cheap cotton, and it is but
rational Ito halt production clear of
accumulated stock at a season
when vacations are common, and thus
begin the new year on its own basis.
Wool manufacture answers whole
al ~
tariff condition.; the advance in prices
asked is not large With very heavy
stocks of free wool on hand. manufact-
urers are able, and, in presence of
large stocks of foreign goods, are
obliged to engage for next season with
cut advancing prices in proportion to
the rise in wool and large contracts of
that nature have already been made.
The selling of wool at Boston where
speculation has been most active. is
suggestive, amounting to S,S4S000
pounds for the week and at three chief
markets to II, 1886, 900, Sales for four
weeks have, been 46, 1920 pounds,
%, $50 600 being domestic, against T.
211 600 in all last year.
The delay in the iron industry is
partly because the wages have not been
settled at all places, although they
have in many, and partly because
the steadily rising demand does not
yet raise prices. In some products
prices are a shade lower, notwithstand-
ing larger demand, ewing to competi-
ton between works, but bessemer is a
shade higher. In structural work.
plates, sheets and bars for enormous
operations and agricultural imple-
ments the demand Increases, and for
rolling stock owing to abundance of
crops Failures in the United States
for the week were 236. against PSI last
year.