The true northerner., 1897-08-04
BUSINESS OUTLOOK.
Improvement Continues I'm All
Parts OF the Country.
Marked Increase I'm Demand for
Wheat-EstimatedT That Producers
VIII Realize sSO,OOO,OOO More
Than Last Year.

New York, July 31.-R. G. Dun a. Co.,
in their weekly review of trade, say:
dispatches from almost every northern
city of Importance report without excep-
ton 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 new law has pro-
gressed with gratifying rapidity. and ease.
Even the increasing strength OF striking
coal miners probably forwards the adop-
tion OF the uniformity plan. which prom
ises TO remove most OF the causes or such
struggles. Some confusion Is caused by
events seemingly contradictory by clos
ing OF large cotton mills when many other
works are starting. and by decline In some
prices when others are advancing, but the
balance is Enthusiastically on the right side.
wheat Price Advances.
''The most important event since the pass
age OF the new tariff. which was generally
anticipated a week ago, has been the
marked increase In foreign demand and
advance In price for wheat. the latter has
risen Az cents during the week, with west
ern receipts for the first time exceeding
last years and eastern railroads besieged
for cars, and with Atlantic exports OF ], u.s.
73S bushels, flour INCLUDED, for the week,
and 6.351,17 bushels in four weeks. against
6.917.s65 last year. with heavy contracts for
shipment, exceeding 900 bushels on a
single day Liverpool reports of q ship
ment from America to northern Bohemia.
and with French markets excited, specu-
lative sales here have little influence.
THE fact that corn exports exceed last
years, although the price has advanced to
S2.S cents. is further proof that foreign de-
mands are substantial. With crop news
still favorable, producers may probably re-
alize something like sS0.0O0,000 more than
last year on wheat which seems a great
difference in purchases by agricultural
states. Corn also advanced L25 cents and
cotton a sixteenth. though reports as to
yield are good.
Industrial Lines.
"The Industrial sky is partly overloaded
by coal and iron difficulties and by the clos
ing of some large cotton mills. Having
run for months far ahead OF consuming
demand on cotton bought at comparatively
high prices. the mills see ahead large
crop and cheap cotton, and 1t Is but the
rational way to halt production. clear of
accumulated stocks at the season when
vacations are common. and begin the new
year on its own basis.
Wool md Iron.
1.-THE wooden manufacture answers
wholesomely and moderately to new
tariff conditions, and while opening
OF light weights below about one
dollar In cost has met a very encouraging
demand. the advance in prices asked is not
large. With very heavy stocks OF free
wool on hand. manufacturers are able. and.
in the presence OF large stocks Of foreign
goods. are obliged to engage for the next
season without advancing prices In pro-
portion to the rise in wool. and large con-
tracts OF that nature have already been
made
Delay in the iron industry is partly be-
cause wages have not been settled at all
works. though at many. and partly be-
cause steadily rising demand does not yet
rafs N re
q shade lower. Notwithstanding a larger
demand, owing to competition between
works. but Bessemer is a shade higher.
In structural work, plates. sheets and bars
for the enormous operations Of agricultural
implement works. the demand increases.
and for rolling stock. owing 10 the
abundance of crops.
Failures for the week have been 23G In
the United States. against 2Sl last year. and
rs in Canada against 40 last year"