The morning call. [volume] (San Francisco [Calif.]) 1878-1895, 1894-06-02
Cheering Import.

cheering import.
NEW YORK, June 1.-R. g. Dun & Co.'S Weekly
Review of Trade: 1t Is sign of cheering import
that in finished business, represented by clearngs
and railway tonnage, there have been less de-
creases since the strike began than might have
been expected. But in inehoate business, the
orders which start the wheels to result in ton
mage ana payment weeks or months later, there
seems to be decrease Meanwhile, the conse-
quent interruption OF trafic and industry In
creases. The stoppage OF iron furnaces between
the Allegheny Mountains and the Mississippi
River has become complete, aud a greater num-
Der of concerns manufacturing iron and others
requiring soft coal or coke for fuel, have been
forced to stop. Business cannot increase in vol
ume under sucn circumstances and vet payments
through all clearing houses for the week show
last year.
Though large number OF works are Idle, the
demand lot products IS not what might be ex-
pected, either in volume or in urgency. The out
put OF iron and steel has been suddenly and
sharply reduced but the reduced supply seems
about SUFFICIENT for the demand as it was month
ago, exceptin December. Sales OF small lots of
Bessemer pig at places as distant as West Troy
works, near PittSburg, disclOses now completely
stocks are exhausted, and sales for delivery in
price 81 so higher than prevailed a few
weeks ago, which ind icates belief that the teImi-
old prices. But for most products, notwithStand-
Ing the interruption, the demand is Unexpectedly
narrow, and buyers feel that the present advance
is but temporary. Shipments of boots and shoes
for the week and Of the past four weeks
little larger than year ago. and there orders
for some staple products to warrant WORK for
some time come, but many factories dis
charging cutters and otherwise reducing hands
because their orders do not justify hope OF run
ming much longer.
Again the lowest price ever recorded has been
MADE for cash wheat 5614c at New York against
75c year ago, while the average in May. 1892.
was soc and in April, 1891, 81 1917. estern
receipts are naturally small only Ii73 600 for
he week against ,2l9 ,599 last year. but Atlantic
exports were only s07 500 bushels against 2,24l,-
O10 last year.
Corn is stronger, with exports about half as
large as year ago, and the untayorable outlook
for oats results In higher price.
Cotton has varied little, though receipts from
plantations have fallen of A new crop for
which prospects are good is drawing near and the
deman for goods is uncertain.
Sales of wool at the chief markets have been
1855, 900 pounds for the week, against 775 900
last year, about 5000 per week being required
from those markets for full supply. New hne
territory and Texas wool has sold at S(99c lower,
at 3l@32c cleaned.
Liabilities reported in failures for the fourth
week OF May were 81, 1913 OS7. and Tor four weeks
ending May "a 81 ,Ss ,042, OF which 81 445.505
were of man ufacturing and 50. OS6, SCI of trading
concerns. Reports yet to come may increase the
aggregate TO $4,000, 600 for the month.
Failures this week have been 1873 the United
States against ass last year. and ~ in Canada
against Il last year, Oniy two failures, both
banking, for 100000 or more.
Unfavorable Con itions Continue.
NEW YORK, June l-Bradstreets tomorrow
will say: The decidedly unfayorabIe condition OF
trade reported last week continues without mate
latiOn proongs the sitting effect on wholesale
business. The great coal strike continues with
out sign of early Improvement concession
having been made by either side More mills
and factories have closed their doors for want OF
fuel The Digiron industry of the Central West
ern states is practically at Standsti for want OF
soft coal or coke. AT Pittsburg and vicinity the
scarcity of fuel has greatly stagnated business.
There are new labor strikes, but almost all of
those previously reported are in existence.
The favorable features came from Duluth,
a A nd L apk mn aff Of
trade at the Lake Superior ports is largely due
the rapid shipment of btuminous coal which had
been accumulated, while needed rains through
out Nebraska have improved that States corn
prospects nd caused more active purchases from
Omaha ioboe
Shipments of -four FROM Boston have increased
and are about equal to those of year ago.
Cotton Goods-MillS where not affected by the
strikes running full time, but at cut prices
PhiladeIphia textile manufacturers are operat
ing from SO to IS per cent OF their plants but
orders emily. Baltimore statesmen report orders
fairly frequent but OF smaller volume than here
tofore. with the outlook fer Improvement and
slower collections.
The price movement in various staples eontin-
ues, the record OF last week and week before, with
concessions in quotations for wool and cotton
goods, cattle, wheat and coffee, and moderate ad-
vances for oats and lard. steel biets, bituminous
and anthracite coal and Bessemer pig advanced
owing to scarcity OF fuel. There are 1873 mercan-
tile failures reported through the United States
this week ygainst 2S7 last year, 2l4 in the week
ago
Exports Of wheat (four included as wheat)
both coasts, United States aud Canada, amount TO
2400, 600 bushels this week. against 2,3lO. 900
bushels last week. 5000 bushels the last week
OF May. 1898: 1881 600 bushels in a like portion
OF 1892 aad 2 scr. 600 in 1891.
General trade remains exceedingly dull at
larger business centers an the Canadian Dominion,
the oppression having been intensified somewhat
by unsettled or otherwise unfavorabIe weather
There are thirty -six busineSSIfailures reported
from Canada this week, against twenty-nine last
week and like number In the week year ago,
and thirty-four In 1892.