The record-union., 1897-07-31

NEW YORK, July 30.-R. G. Dun &
Cos Weekly Review of Trade" to-
morrow will say:
Dispatches from almost every north
ern city of Importance report without
exception Improvement in business, and
from Detroit to Seattle and Portland
splendid crop prospects. The task OF
adjusting the business and Industries
of the country to conditions created by
the new tariff law has progressed with
gratifying rapidity and ease. Even
the increasing strength of striking coal
miners probably forwards the adoption
of the uniformity plan, whcih prom
ises to remove most of the causes of
such struggles. Some confusion is
caused by the seemingly contradictory
closing of large cotton mills, when
many other works are starting, and by
q decline in some prices, when others
are advancing, but the balance is un-
mistakably on the right side.
The most important event since the
passage of the new tariff, which was
generally anticipated a week ago, has
been the marked increase IN foreign de-
mand and the advance in the price for
wheat. The latter has risen "a cents
during the week, with Western re-
ceipts for the first time exceeding last
years, and Western railroads besieged
for cars, and Atlantic exports of l.
71S,73 bushels (four included), for the
week, and 6,351, ,17S bushels in four
weeks, against 6,947 $50 last year, with
contracts for shipment exceeding l.
100000 bushels on a single day. Liv-
erpool reports of a shipment from
America to Northern Bohemia, and
with French markets excited, specula-
tive sales here have little influence.
The industrial sky is partly over
clouded by coal and iron difficulties.
and by the closing of some large cot
ton mills. Having run for months far
ahead of the consuming demand on cot
ton bought at comparatively high
prices, the mills see ahead a large crop
and cheap cotton, and it is but the ra-
tional way to halt production, clear off
accumulated stocks at the season when
vacations are common, and begin the
new year on its own basis.
The wooden manufacturer answers
wholesomely to new tariff conditions,
and while opening of light weights be-
low about 81 in cost have made a
very encourag ging demand, the advance
in prices asked is not large. With
very heavy stocks of free wool on hand,
affairs are able to- and in the presence
of large stocks of foreign goods are
obliged to, engage for the next season
without 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
the speculation has been most active, is
suggestive, amounting to $500, 900
pounds for the week, and at three chief
markets to 1854 800. Sales for four
weeks have been 5000, 200 pounds,
22, OBS, 800 being domestic, against u
211, 800 in all last year.
Delay in the iron industry is partly
because the wages have not been set
tied at all works, though at many, and
partly because the steadily rising de-
mand does not yet raise prices. In
some products prices are lower, owing
to competition between the works, but
Bessemer is a shade higher. In struc-
tural work, plates, sheets and bars of
the enormous operations of agricultural
implement works the demand increases
for rolling stock owing to the abun-
dance of crops.
Failures for the week, 236 in the Unit
ed States, against PSI last year, and Is
in Canada, against 40 last year.