The times. [volume] (Richmond, Va.) 1890-1903, 1897-07-03

The Prospect of Large Crops Greatly
Brigbtens the Future.

NEW YORK, July 2-R. q. Dun q Co.'S
Weekly Review OF Trade tomorrow Will
say: Midsummer vacations have COM
mencod in many works with the decrease
of orders usual at this season. This
customary vacation ~ called strike,
where agreements regarding wages for
the forthcoming year have not been
reached. and the extensive strike OF the
Amagamatod iron Workers announced
July lst, Is OF this nature. but the strike
OF coal miners In Illinois and other CEN
trail western States Is on and may prove
costly
In some iron and cotton works wages
have been reduced owing TO low prices.
with one cotton mill in Virginia closed
because reduction was not accepted.
With n better demand the employers VIII
seek agreement and In its absence, the
workers before long. so that the situation
is distinctly of midsummer character.
Large hopes are built on prospective
demand after the tariff bill has passed,
but the pressure in the market OF large
importing stocks may defer II. The
general belief IS that removal OF uncer-
tainty will I'm any case increase business.
Since much OF the future depends ON
crops. the Frightening prospects are OF
the highest importance. Estimates by
persons usually most pessimistlc now FAR
exceed any made "A month ago. one prom
ising j59.Us0oco bushels OF wheat. with
lower condition. but largely increased
acreage OF corn. Cotton prospects are
brighter. as the crop appears 10 be carry
rather than late In regions which were
not flooded The movement OF wheat IS
small. western receipts for the week be-
ing 1880 719 bushels. against 2.Oilflf
bushels last year, and Atlantic exports
2.O64 173 bushels. -four included. against
=. 1862 l72 bushels last year, but strong
effort To lift prices failed and the close
is 1kc lower for the week, with corn n.
lower. Cotton rose an eighth, with smau
sales.
The iron and steel industry halts at
midsummer, although the demand for I'm
ished products still increases. and disap-
pointment is due only TO the fact that the
Increase is not yet enough 20 keep ali
mills at work. and thus 70 bring better
prices. which now average slightly lower
. than ever before. though not per cent
below those Of March. 1925.
The export trade is increasing ana
large order for India has just been taken
at price said TO be s. below British bids.
Coke production is Increasing again, AZ
more iron furnaces are going into blast.
and an addition OF y cents has been or
dered in anthracite coal. Tin Is higher
at All cents with larger consumption anu
copper at 10 Ia for Lake, with heavy eN-
ports, while lead has advanced TO 3.b
cents. American makers are selling Tin
plates largely at 1870 for full weight
against $3.50 for foreign
Textile manufacturers are awaiting and
cotton mills curtailing production with
large stocks on hand. and prices scarcely
changed while wooden mills are gradually
increasing work with better orders ana
prices incline TO advance shade. Enor-
nous buying Of wool. 256.o00.0c0 pounds
this year against lO2 600 600 last year re-
fleets speculation mainly and some large
totals have sold three TO five times since
ARRIVAL. Prices are somewhat stronger at
seaboard markets. and SO high I'm the In
terror that dealings in domestic are re-
stricted. amounting for two months go
less than q 10000 pounds against 5J,Vo-
90 pounds foreign.
Failures for the week have been 2ii
I'm the United States against 25l last year
and 80 In Canada against p last year.