Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1897-07-08
LATEST TIPS ON TRADE
1T HAS IT'S USUAL EFFECT ON
BUSINESS.

summer vacations commenced in many
works with a decrease in orders usual
at this season. This customary va
cation is called a strike where agree
meLts regarding wages for the coming
year has not been reached and the eX-
tensiye strike of the amalgamated iron
workers announced July is of this
nature; but the strike of coal miners
il Illinois and other central western
states, is not, and may prove costly.
In some iron and cotton works wages
have been reduced owing to low
prices. Large hopes are built on a
prospective demand after the tariff
bill has passed, but the pressure in
the market of large importing stocks
may defer it. The central belief is
that the removal of uncertainty will in
any case increase business. Since
much of the future depends on crops
the Frightening prospects are OF the
highest Importance. 1t is estimated by
persons usually most lessimistic that
the prospects of a large crop now far
exceed any made a month ago, one
promising 500, 100000 bushels of
wheat with lower condition and a
largely increased acreage of corn. The
movement Of wheat is small, western
receipts for the week being 1851 i'll
bushels, against 2,042 COO for the same
week last year. Atlantic exports were
2064 900 bushels flour included)
against 2, 1862 600 last year. The strong
effect to lift the prices failed, and the
close was rs lower for the week with
corn u cent lower. The iron and
steel industry halts at midsummer, al
though the demand for finished
products still increases and the dis
appointment due only to the fact that
the increase is not yet enough to keep
all the mills at work and thus to bring
better prices, which now average
slightly lower than ever before, though
not one per cent. below those of March,
| 1895. Export trade is increasing and
Il large order for India has just been
taken at a price said to be S. below
| British bids. Coke production is in
Creaslng again, a5 more iron furnaces
are going into blast ana an addition
OF % cents has BEEN ordered in an
thracite coal Tin is higher
/ at III with larger con-
sumption, and copper is at 1914 for
lake with heavy exports, while lead has
advanced 10 SO, American makers are
selling tin plates largely at $500 for
! full weight against $3.50 for foreign.
Textile manufacturers are waiting with
prices scarcely changed. while wooden
mills are gradually increasing their
work with better or ers and with prices
inclined to advance a shade. enormous
buying of wool, 256 100000 pounds this
year against 100,000,000 last year, re-
fleets speculation mainly, and some lots
have been sold from three to five times
since their arrival. Prices are some
what stronger at the seaboard markets
and SO high in the interior that the
dealings in domestic are restricted
Failures in the United States for the
week We're 241, against 257 for last
year.
New York July 3.-Bradstreets wee,-
ly trade report says that better weather
! favorably affected the sale of seasonal
BILE goods, particularly clothing, hats
and shoes, during the week. Orders for
prompt shipment are fewer, but the
movement of goods for fall delivery has
begun. The most encouraging feature
is the continued and, in some instances,
increased confidence of merchants and
manufacturers that autumn will bring
larger volume of business at higher
prices. General trade is reported quite
r,ot taFo ntN
Omaha, Memphis ana New Orleans, fair
without SPECIAL expansion at Milwaukee,
Minneapolis, Cleveland and Chicago,
and slower at Cincinnati, Detroit and
several southern towns None of the
larger eastern centers records an in
crease. The least favorable feature of
the week is found in the disappoint-
ment at the lack of demand and the re-
action in quotations for some varieties
of iron and steel. The threatened idle
ness Of 100000 iron, steel and glass
workers and soft coal miners Is, except
in the later instance, due in part to the
season of the year. Exports of wheat
! flour included) from both coasts of the
United States and Montreal this week
amounted to 2,677, 900 bushels, against
2,601 900 the same week a year ago.
Exports of Indian corn amounted to
1924 900 bushels this week, compared
with 1,53S,000 for the corresponding
week last year. Seven thousand and
twenty-four failures were reported by
Bradstreets throughout the United
States for the past six months, falling
off OF SIS rom like total of last year,
with which exception it is the largest
aggregate of failures in like period
The total bank ciearings of the prin-
cipal cities of the United States for the
week were 81 LOGS, 101 400 decrease of
81 per cent. compared with the corre-
spending week of last year.