Burlington weekly free press. [volume] (Burlington, Vt.) 1866-1928, 1898-07-14
WOOL AND COTTON OUTLOOK.
cotton Crop WIN he Large Hesitation In
Wool Manufactures

New York, July S.-R. c. Dun e. co.'s
weekly review of trade tomorrow will
say:
The usual half yearly statement of fail
ureS oy branches of business is peculiar
~ interesting because il shows that w.,r
and fears of war have not caused m.
crease in commercial disasters
Criticism OF crop estimates is the less
heedful because the best authorities all
agree that supplies for the coming yonr
promise TO greatly exceed home reauira-
men's ana full export demand though
Tor d month or two yet Europe NAV re-
quife much more than usual This win
help to sustain the market while the earl-
Ter receipts are coming forward and prices
VIII then be determined largely bv the
outlook for crops abroad, which is not as
yet entirely encouraging
me cotton crop looks better and the
prospect is reflected In n decline OF a Vi,
teenth IN tho spot price The manufac-
turing works at tho North arc quite we'll
employed much more than usual during
the vacation season, and the demand for
goods is somewhat improving Abroad
the state Of the manufacture does MOI on
courage nope or an extraordinary demand
Tor me raw material, while the stocks
held by millcrs are known to be ulr suol-
~ large. The South is Increasing. the
manufacture rapidly and not entirely IN
place or northern mills. Most people are
forgetting that cheap goods from south
orn mills create some market for tbo,n
selves IN that section that also create n
large plarket abroad which the mills Of
Nlrthern States could not reach with
equal success. N
inc manufacture of wool hesitates al
though distinctly better demand has an
peared during the past ten DAYS. hecause
prices at which western wool is held are
100 nigh for eastern markets, and an
txh
turc. sales for the week at the thr.c
chief markets have been ONLY & 200 con
pounds, Of which 2.29O,5yO were domestic
ana bll9,3JO pounds in the same weel, of
1872. OF which 1861 800 were domestic. 'rhc
markets are all dun I'm spite Of n fairly
large demand for territory and Australian
wool in blocks, but the manufacturers
are very cautious in purchasing although
there Is every evidence of "A great con-
Stunning demand for goods which Ameri-
can manufacturers with reasonably chcap
material can supply. 1t is for them an
open question whether they can meet IL
" they nave to pay such prices MS are
asked ny western holders.
1t Is not enough to dismiss the iron in.
dustry with the hold statement that II is
using up more iron, even the sloWost
point or the year than ever before 1t is
getting bigger domestic contracts for
agricultural implements and car mater
i"ls ana also Tor structural work than
IN any previous year, but especially for
plates, the demand for which quite over
runs the capacity of all the works, and
not mainly on government account
Failures for the week have been 22o in
the United States against 2O6 last year
and Il in Canada against 80 last year.
BANK CLEARINGS.
New York, July S.-Bank clearings at SO
cites Tor the week ending July T. as tele-
sraphed Bradstreets were as follows:-
totals for the United States 81. 229. sl3. 9Gi
increase l4'S Total outside New York,
S4aS sOl,740 increase 81.
totals for Dominion of Canada $27,5Gd, J5I
decrease Al