The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1889-06-20
THE BUSINESS OUTLOOK.
Better Prospects Trade OF All
Kinds.

stronger WIN hribh beinhnd-Corni
wheat aud Oats q Fraction Higher
New YoRK, June lb,-R, q, Dun &
90, "a weekly review Of tradaaayal The
better feeling which was observed week
ago In the iron and steel and tho woolen
industries still continues, and Improve
ment 10 now felt In prices as well 10 In
magnitude Of transactions, Meanwhile
exports Of merchandise Increase and
nevertheless, gold goes abroad Ia large
amounts, about sB,bOO,OOO having boon
ordered for shipment Saturday, The I'M
ports Of merchandise remain about M
large as they were q year ago, whom the
excess over e1p0rla was heavy, lint In
two weeks OF June tho value OF mer-
Ohandise exports from Now York gains
80 par cent, over last year, and tho OK
ports OF breadatulfs, cotton, provisions
and oil for May were le l-e per cent,
above last year's, These facts point 10 q
smaller but yot considerable excess OF
imports over exports this year, 80 that
the outward movement OF specie N fully
explained, irrespective Of trading In
securities but In these II Ia Rtlll tho im'
preston that foreign aalos exceed pur,
chasea, Tho news M 10 railroad
properties N moro favorable AprOpoal-
tlon 10 settle tho Northwestern GantrO'
yeray ON the basis OF an allowance Of 90
per cent Of through freight 10 tho lake
lines IA expected 20 bo accepted, Other
difficulties arc la more satisfactory
shape, and earnings continued In excess Of
last years,
Crop Reports Encouraging,
Rapid progress In restoring lines lntor.
upted bS the floods gives additional on
couragement, and tho loss 81 property
and OF life appears from lator accounts
20 be less than was at first reported,
Meanwhile the government and other
crop reports, though Ia some points CON
llictng, are ON tho whole decidedly en-
cournging, but reports OF Injury by lack
OF rain Ia aOmo regions have been made
the pretext for little movement In the
markets, and the general average OF
prices has again advanced u llttlo Re-
ports from other cities indicate I'm.
proyement In trade NJ Cleveland and
Pltisburg, md In tho wool and grocery
trades at Philadelphia, but are otherwise
but little changed, Collections show no
improvement ON the whole, but COM
plants refer moro frequently 20 the
clothing trade than 20 any other, In
dry goods there arc clear signs Of greater
activity, and somo bloachod cottOna have
been advanced, while brown goods re-
comfy reduced In price have In some In
stances been put back,
Especial activity In leather has no.
suited from the floods In regions whore
many tannerios are located, aud crop
leather has advanced fully cents since
juno I. The glass trade Of Pittsburg is
fair, with factories generally In full op'
Grafton, but % number Of the smaller
coke producers have shut down for tho
dull season, For anthracite coal there is
u better dcmand with reduced output,
Iron Market Stronger
Tho capacity Of iron furnaces In blast
juno was l31, no tons weekly against
lii,3l2 tons May I, but much Of the dc.
crease was due 20 the stoppOge Of fur.
naccs NJ Johnstown, which were not
much injured, aud are expected 20 70.
sumo work Immediately, The sales Of
southern iron continue largo, and prices
of pig nt Pittsburg are rather lower, but
the Thomas Iron company has advanced
it8 quotations 20 Sl1 for No, /, Better
prices are realized for structural and
plato iron, and u tOnth Of q cent better
FOR bar iron, whilo the lnrgor demand fSr
steel rails has no stiiIcncd the prico that
S2s Is now quoted, Part Of tho domOnd
resulting from the necessity of rebuild,
ing works, bridges and roads destroyed
by flood is but temporary and set the
consumption otherwise must be ON q
scale hardly ever surpassed, since prices
stilIoncd, with raw iron coming into
market at the rate Of moro than 1000.
900 tons yearly.
Brcadstuns Stronger
Brendstuils arO stronger, wheat / cont
with sales here of 25,0OO,0O0 bushels and
corn and oats each nm eighth. Less fOy.
orablo crop reports are the proteXt; prob
ably excessive speculative sales are the
cause, Cotton has not changed, and the
official report for May shows exports Of
i0l,2j7, ,5Oi pounds against lOL6l0,0jl
last year. Since June the shipments
have been very small, with even greater
decrease In port receipts, Coffee has
reccded n quarter, the lack Of demand
at high prices at last affecting specula-
tive confidence, Pork products and
hogs are lower, but oil has advanced
l-2 cents. Tho rise In raw sugar con.
tinuos and refined has been marked up
20 8 l.S cents for granulated. No dis.
turblnco results in the money market
here from the heavy exports Of gold, In
part because during the past week the
treasury has paid out 3,G0O,0OO moro
than II has taken in, but shrinking bank
reserves in June do not promise easy
money next fall.
Tho business failures occurring
throughout the country during the last
seven days, as reported TO r, g. Dun q
" Co., the mercantile agency, by tclc-
graph number for tho United States e90
and for Canada "a, or total Of 25O, as
compared with q total Of 225 last week
and glj the week previous 10 the last.
For the corresponding week Of last year
the figures were 289, made up of 200 In
the United States and % In Canada.