New-York tribune., 1899-07-31

works active through the winter. and tenn
porary stoppage> would oc course lessen the
supply. There also numerous difficufties
with freight handlers. and the symptoms Oh
unrest are apparently increasing,
The movement OF grain continues the most
surprising feature OF the situation. One can
tell where unprecedented supplies Of iron come
from. but no one Is giving satisfactory ex-
PLANTATION OF wheat receipts amounting to
20OOOOO bushels In July already. or or corn
receipts exceeding 2OJOO0W bushels. lf last
years crop was far greater than any ofnciai or
unofficial estimate. the calculations TOT thls
year are based upon percentages or last year
acreage and yield n different localities. ana
would need revision Nor would farmers DE-
clearing their barns Of old wheat at such rate
with only 20 cents quoted at Chicago II there
were to their minds the ast reason Tor ex-
pecting a short or even only moderate ''e'u
this year The exports In four weeks ho"r III
cluded. have been 13791.292 bushels against
1O.3l4S1O bushels last year. and exports Vi
corn have also been 16,0lI. 40I bushels against
1861 400 last year; but such Drying from
abroad in July scarcely sustains current es'i-
mates Of foreign crops. Wheat closed Us cents
higher for the week. but corn about hait cent
lower
Cotton receipts from farms also surpass tx-
rectations. having been 154922 baHs in july
with two days lacking. against looG'o baIeS
las, year. while exports have been 1Ni9lo bales,
against So 2G2 bales last year. Northern SPIN
ners have taken In July nearly double last year
quantity but the outlook Is so favorable for TINS
years yield that the price has again dropped
back to 612 cents. With the end OF the crop
year only four weeks away. and with visible
supplies OF American cotton here and abroad
J47.OOO bales greater than last year when the
price was Cos cents. no decline in the yield that
now seems at all probable could go reduce the
supply as to cause shortage for the year, even
II consumption should somewhat increase Tne
takings Of American spinners In about eleven
months have been almost as large as In the
greatest full year hitherto. exceeding last years
taklngs to date by 241 900 bales, or nearly per
cent Yet the markets for goods do not seem to
be overloaded and the demand Is large. causing
advances during the past week In severai
bleached goods. Sales Of wool continue heavy
amounting in four weeks to 46 100 600 pounds at
the three markets. and the reports indicate that
manufacturers are purchasing some grades more
freely. The sales OF goods by the American
Woollen Company have in some qualities exceed
ed the capacity OF It's mills. 80 that orders have
been scaled down the company proposing to
Insist upon orders valid contracts, refusing
cancellations. The advances in all wool staple
goods and low grade fancies are about ~ per
cent.
The output Of iron must have increased ma
terjallv since the half year closed Of which off,
cial returns were given on Friday. since numer-
Gus small and some large furnaces have gone
into blast and at Pittsburg 1t is stated that
offers of Grey Forge now exceed the demand,
though Ressemer is still scarce there and there
is little anthracite available at the East
There is also observed less urgency Of demand
for plates at Pittsburg and Chicago, nor has new
business amounted to much In structural work.
though new power houses in this city are ex-
pected to require n great quantity. In bars and
sheets the demand is still heavy but in steel
rails the mills are AT work wholly on old or
ders The Connellville output Of coke. lW' ~
tons for the week with 1864 ovens busy and
only G34 idle breaks all records. Speculation
has again holsted tin at London and 3115 cents
has been quoted here with 1872 cents for cop
per.
Heavy exports of breadstuffs have raised the
three weeks record from New York within half
a million OF last years and the increase of o9OOO
bales IN cotton exports for the month will be
felt at other ports, while the imports mere IN
four weeks past have been St,2OO,WD larger
than last year. when the excess OF exports over
imports was S21 $4,000 The movement has
resulted in great gains for the railroads, which
report earnings 161 per cent larger than last
year in July. the greatest increase In any month
this year and 1O4 per cent larger than in lS92
The payments through clearing houses In July
thus far reported have been 47.2 per cent larger
N a.
1892 New York, with payments Of $50, 10000
daily. gains more than 10 per cent over July.
1892; the thirteen cities ranking next. with pay
ments OF 500 100000 daily in all, gain in the
aggregate close 10 30 per cent, and at sixty
ight smaller cities. not wholly reported as yet,
payments appear to have been about $40 100000
daily. gain Of ~ per cent over the returns of
ffty-three minor cities reporting In 1892.