The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-07-03
DuN'S RENiEw.
Midsummer DuIincss Has Set tn-Ln-
bor Troubles Due Ia Tint Cnusr.

Midsummer DulIncss Has Set tn-Ln-
hor Troubles Du" 4" That Cnusc.
New York. July 2-R. G. Duns Weekly
Review Midsummer vacations have com
menced IN many worke, with the decrease
OF orders usual al this season. This Gus
tomary vacation is called strike where
agreements regarding wages for the COM
ing year have not been signed and the eN
tensive strikes OF Amalgamatcd iron Work
cts announced for July are OF this nature,
but the strike of coal miners in Illinois and
other Central Western States is not and
may prove costly. In some iron and cot
ton works wages have been reduced owing
10 low prices, one cotton mill In Virginia
closing because reduction was not ac-
ceptcd. With II better demand the om-
ployers Will seek agreement. and in its alb
sence the workers before long. so that the
situation Is distinctly OF midsummer
character. Large hopes are built on the
prospective demand after the tarin bill has
passed, but the pressure In the market OF
large imported stocks may defer 1t. The
general belief is that removal Of the uu-
certainty will in any case increase bust
ness.
Since much OF the future depends on
crops tho Frightening prospects are OF the
highest importance Estimates by persons
usually most ptssimistic now far exceed any
made Il month ago, one promising $50 000.-
O0O bushels Of wheat; a lower condition.
hut largely increased acreage of corn. Cot
Ton prospects are brighter as the crop APP
pears 10 be carly rather than late In re-
glons which were not flooded.
Tho movement Of wheat is small West
ern receipts for the week l.6So,779 bushels.
against 2,oil7l last year, and Atlantic
exports 4,Odil73. flour included, against
2,1G2l72 last year. but a strong effort 10
llic prices failed and the close rs | rs
lower for the week, with corn l-2c lower
Cotton rose an eighth with small sales
The iron aud steel industry hats at mid
summer. although the demand for finished
products still increases and disappointment
is due To only the fact that the increase Is
not enough to keep all mills at work ihus
bringing better prices, which now average
slightly lower than ever before, though not
| per cent below those Of March Ii Tho
export trade is increasing and a large or
der for India has Just been taken at
price said to be IS below British bids
Coke production is again increasing MS
moro iron furnaces are going into blast,
and an addition of - cents has been or
derod in anthracite coal.
Tin is higher at 1i0l. with larger CON
sumption, and copper al i0l4 for Lake.
with heavy exports, while lead has nd
vanced to $40 cents American sellers are
selling tinpato largely at 500 for fun
weight against $50 for foreign
Textile manufacturers are waling and
cotton mills curtallIng production with
large stocks on hand and prices scarcely
changed. while wooden mills nro gradually
increasing work. With better orders, and
prices inclined 10 advance shade
Enormous buying Of wool-256 900 600
pounds this year against l02 600 900 last
year--reflocts speculation mainly and
some la"go lots have been sold three to five
times since the revival.
Prices are somewhat stronger at seaboarl
markets and so high in the interior that
dealings In dOmestics are restricted,
amounting for two months TO less than 2l,-
OOo .OC0 against 55 OO0oO0 pounds foreign.
Failures for the week have been 2fl in
the United States, against 257 last year.
and 80 in Canada, against 22 last year.