The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-07-31
EXCEPTIONAL
IMPROVEMENT
Saws Dun and Bradstreet in
Their Weekly Review
of Trade.
ALL ADJUSTING BUSINESS
no THE CONDITIONS MADE BY
THE DINGLEY TARIFF.
INCREASING STRENGTH OF STRIKERS
Forces Uniformiy--The Closing of Cotton
Mills Causes Confusion and Contra
dction of Conditions.

New York, July 3O.-R. G. Dun II Co.
In their Weekly Review of Trade 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
new tariff law has progressed with
gratifying rapidity and ease.
Even the increasing strength of strik-
ing coal miners probably forwards the
adoption of the uniformity plan which
promises to remove most of the causes
of such struggles. Some confusion is
caused by events seemingly contradlc-
tory; by closing of large cotton mills
when many other works are starting
and by decline in some prices when
others are advancing, but the balance
u Enthusiastically on the right side.
The most important event since the
massage of the new tariff, which was
generally anticipated week ago, has
mand and advance in price for wheat,
which has risen 4% cents during the
week with western receipts for the first
time exceeding last years, with west
ern railroads beseiged for cars and with
Atlantic exports of 1,71S,73S bushels of
-four, included for the week, and s.
351,17S bushels in four weeks, against
6917, S65 last year. With heavy con-
tracts for shipment, exceeding 1,20O,OOO
bushels on single day, Liverpool reports
Of shipment from America to North
ern Bohemia and French markets ex-
cited, speculatives sales here have little
influence The fact that corn exports
exceed last years, although the price
has advanced to 1857 cents is further
proof that foreign demands are sub
stantial With crop news still favor
able producers may probably realize
something like $S0,0OO,0OO more than
last year on wheat, which means a
great differnce in purchases by agricul-
tural States. Corn also advanced 1.25
cents and cotton JIG, though reports
as to yield are good
The industrial sky is partly clouded
by coal and iron difficulties and by the
closing Of some large cotton mills. Hav-
ing run for months far ahead of con-
Stunning demand on cotton, bought at
comparatively high prices, the mills see
ahead large crop and cheap cotton,
and it is but the rational way to halt
production and clear off accumulated
stocks at the season when vacations are
common and begin the new year on it's
own basis. The wooden manufacture
answers wholesomely and moderately to
the new tariff conditions, and while the
opening of light weights below about
81 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 proportion to the rise in wool
and large contracts of that nature have
Boston, where the speculation has been
most active, is suggestive, amounting
to S,S48,OOO pounds, for the week and
at three chief markets to 11,9S4,5OO
Sales for four weeks have been 46, 1O9, 200
pounds, 22,53S, 800 being domestic,
against 1911, $50 in all last year.
Delay in the iron industry is partly
because wages have not been settled at
all works, though at many, but partly
because steadily rising demand does not
yet raise prices. In some products
prices are a shade lower, notwithstand-
ing a larger demand, owing to competi-
tiOn between works, but Bessemer is a
shade higher. In structural work, plates,
sheets and bars or the enormous opera
tons of agricultural implement works
the demand increases, and for rolling
stock, owing to the abundance Of crops
Failures or the week have been 236
in the United States, against 2S1 last
year, and % in Canada, against 40 last
year.
RRADSTREETS REVIEW