The star. (Reynoldsville, Pa.) 1892-1946, 1892-07-13

CONDITION OF BUSINESS,
Congress and Labor Troubles are tn
Only Disturbing Factors.


r. g. Dun e Co.'S Wcekly Reriew Of
Tiode says: Crop prospects are fair and
grain and cotton are weaker. Manufac.
lures of all kinds are active, except iron
works stopped by a dispute about ,.agcs
and,trade is unusally active for midsummer
The passage of the Silver bill by the Senate
was followed by exports of SO, 700, 600 gold
last Saturday and shipments this week will
probably reach 100000, though foreign
exchange has recently weakened and the
amount shipped may be reduced The ex
ports of specie have not thus far affected
stocks, but on the contrary, reports that
the Silver bill will not pass the House have
helped a recovery of about 81 per share in
the stock market.
The Anti-Option bill has been reported by
the Senate without recommendation, the
committee being in doubt whether the rem
edy proposed would be defective or uncon-
stitutional The prospect that the bill will
be brought to vote has tended to depress
trading on commercial exchanges
The strike and stoppage OF many iron
works and the bloody struggle at Home
stead have caused a stronger demand for fin
shed products of iron and steel, while pig
iron is overloaded and weaker and the
Thomas Company has reduced its prices for
No anthracite to 81 80 per ton, which Is
believed to be the lowest price ever recorded.
Sales of 10000 tons of steel rails have been
made by Eastern works and the aggregate
for the half year has been 5000 with 500
600 tons actually delivered which cores
ponds with the decrease in railroad building
and the prospect THAT the new mileage for
the year will be only about 5000.
At Cleveland trade in most lines Is good
and in all greater than last year, except in
iron. At Cincinnati the harness strike has
been settled and the carriage trade is better,
though not up to the average. Business at
Detroit is good for the season and crop pros
poets favorable.
The growth of Western trade may be in
lcrred from Chicago receipts, which exceed
last years 25 per cent. in cattle and hogs, 33
dressed beef, about double in flour,
cured meats lard cheese, hides and wool,
md four times asst years in wheat, oats and
rye. General trade is larger than n year ago
and the demand for money slightly better.
Fine weather helDs crop prospects in Wis
,onsn and trade is better than last year at
It Paul and Minneapolis, with n good lum-
Der business and the flour output 1900
barrels, against l0i, 900 last year.
Trade III groceries and dry goods is very
active at Omaha, and collections exception
ally good, while money goes begging. At
Kansas City trade is good for the season
with fair receipts of products, and at st.
Louis business is strong in all lines, with
improved prospects for corn and wheat. In
he South trade is seasonably dull, though
steadily improving at Nashville and shows
brighter prospects at Savannah, but very
little improvement is seen at New Orleans.
Speculation has been inactive. Foreign
lrade is fully maintained. In general, the
cessation of labor troubles and sensible ac-
iOn Inv (OngrpSS wnnld lpnVp tho SituutiOn
exceptionally favorable for the season.
Business failures during the last seven
lays number for the United States l5s.
Canada Is, total 176. as compared with 1877
last week, 1870 and 247 for the corresponding
weeks Of last year.