The herald., 1897-07-10
Dun & Co.'S Review

ital stock, $4,000, ,OOO subscribed, s5OO0
Dun & Co.'s Review
| NEW YORK, July 9.-R. G. Dun & Co.'S
weekly review of trade tomorrow will say:
| The strike of bituminous coal miners has
| taken 1900 or more from work and threat
ems to restrict supplies of fuel in some
quarters. though the West Virginia and
| some other mines which declined to take
part claim to be able to meet the eastern
demand for some months. In the west
the strike is by no means unitedly sus-
| tained, and the impression prevails that it
will not last long. The tin plate works have
settled the wage question and are again
| busy and show a production of 4,500,0 900
boxes yearly, with a capacity of 6,2500O0
| boxes. The bar mills have more trouble.
| but a general settlement of iron and steel
| wages is expected without much delay.
| New orders are small since the annual
vacation began, but yet are large enough,
| the season considered, to afford some en-
| couragement. Tin is stronger at '1410,
without concessions, and copper, with a
large export demand al Hip cents for lake,
while in lead sales of 1000 tons or more
leave the price about 81 cents. The woolen
| mills are getting decidedly more orders
| for fall wants and beginning hopefully on
| spring goods, but are cautious in con-
| tracts for future delivery Some have made
large purchases of wool, but by far the
greater part of the sales, which amounted
| to Is, ,120 900 pounds at the three chief mar
kets for the week, have been of speculative
l character. Western prices are held much
above those of seaboard markets. Mon
tana secured being sold, according to re-
ports, at the equivalent of AZ cents at the
| east, against SO cents at Boston, 40 cents
at Philadelphia. There is a better demand
| for domestic wool in expectation of higher
prices. While the most cautious estimates
of wheat have been advanced, that of the
| Orange Judd Farmer to 575 100000, prices
have been lifted nearly 3A cents here, al
| though Atlantic exports, flour included,
were TO rthe week 1,5130O0 bushels, against
1,41s 1856 bushels last year Western receipts
are small only 1893 632 bushels, against
| 1873, 400 last year and the disposition of
| farmers to hold for higher prices is
strengthened by many foreign reports.
Failures for the week have been 206 in
| the United States against 215 last year, and
81 in Canada, against 29 last year.
| Bradstreet's Reports
| NEW YORK, July 9.-Bradstreet's to-
morrow will say: There is only moderate
volume of trade throughout the country
| the more noteworthy changes being
| checked demand in the west and north
west. due to the excessive heat and storms,
continued favorable reports as to the cereal
/
in industrial lines. due to the strike of
about 200 bituminous coal miners. The
reluctance of West Virginia operatives to
| join in the strike complicates the situation.
| The prospect of an early settlement of the
tariff has strengthened the widespread
| feeling of hopefulnss that the autumn
will bring a revival of consumptive de-
mand. Prices show an advance of one
fifth of l per cent during June. Exports
| of wheat (four included as wheaO from
both coasts of the United States and
from Montreal this week amount to 2oO2,-
606 bushels, compared with 2Ils,oo0 busnels
last week, and 2167, 900 bushels in the week
| a year ago. 2,317, 900 bushels two years ago,
:, 2,S77 900 bushels three years ago and as con-
trasted with 4,134,OO0 bushels in the like
| week of 1888
There are 215 business failures reported
throughout the United States this week,
compared with 225 last week, 2l9 in the
week last year. 226 two years ago, 22s three
years ago and as compared with 39S In the
first week of July, 1898. There are "a busl-
ness failures reported from the Dominion
| of Canada this week, compared with 50 last
week. 80 in the week year ago, ~ Two
years ago and "a in the first week OF July,
1894.
| FINANCIAL REVIEW
| In the review of the stock market tomor-
row Bradstreet's will say: Somewhat un-
settled conditions have prevailed in specu-
| lation during the past week, the huctua-
| tions being narrow and the activity OF the
market depending altogether on the pro-
| fessonar element. The foreign profess
| sional speculative interests, which bought
our stocks during May and June, have
apparently liquidated their holdings and
are now credited with having sold Ameri-
cans to considerable amount for the
short account. Realizing sales have appar-
emily been exhausted and there is no dispo-
sition to liquidate. Apart from the pur-
chasing by shorts whenever the market
has shown weakness, there also would
seem to be a demand for stocks at con-
cessions in prices. The overshadowing in
| fluence in the market has been the tariff
bill. A generally firmer tone appeared
when it became positively known that the
measure would pass the senate, but the
realization of this expectation last
| Wednesday and the submission of the bill
| to the conference committee only served
| to raise rumors of fresh delay, and, in par
| ticular, of further notifications of the
sugar schedule in way to render it less
acceptable to the refining interests. Lon
don on Friday took an unfavorable view
| of the reports from Washington that a
message on the currency from the presi-
dent has been withheld because it might
create silverite opposition to the tariff
bill. There was, accordingly, further for
eign selling here, but our market absorbed
the offerings, and, though dull on Friday,
was firm and slightly higher. The bitumin-
GUS coal miners strike affected the London
market for time, but was soon lost sight
of here, because the western bituminous