The herald., 1894-08-04
BUSINESS REVIEW.
An Important Change Mt Hand In the
state of Trade.

An Important Change Mt Hand In the
state of Trade.
New York, Aug. 3.-R. q. Dun q
Co. % weekly review Of trade tomorrow
will say: An important change in the
state of business is near at hand. Con-
gress will act on the tariff question one
way or the other, in all probability
within @ week. II it passes the pending
bill or il it fsils, in either case the denn'
ite basis for future business will enable
many to act who are now waiting.
Whether the one course or the other
would stimulate the greater increase, 1t
is certain either would give relief from
present paralyzing uncertainties and
cause some increase in business, at
least for a tims. So much business has
been deferred during the past year, and
merchandise stocka have been go re-
duced, that the near approach OF de-
cision, without certainty what 1t Is to
be, encouraged large preparations Tor
increased business. In spite OF outgo-
ing gold and sinking treasury reserve,
small railroad earnings, some injury to
crops and increased troubles in the coke
regions, the tons and the outlook are
more hopeful.
The injury to crops by hot winds and
drought. il as great as some report, VIII
affect all interests, but at this season 1t
ie never easy to distinguish between
local and general damage.
Western rsceipta of wheat were g. AGO.
254 bushels, against 4,002, ,696 last year,
which does not encourage notions OF
short yield, and exports were only
/ .599, ,564 bushels from Atlantic porte,
against 3.195, ,464 last year.
Corn exports were only 116, ,438 bush-
els, against 1859, I'll last year; receipts,
952, ,S43, against 2.5S2,976. but it seems
un6snisble that the crop has sustained
considerable injury.
Sales of wool were S,522, 900, against
3,746 050 last year, and 9.33 400 the
year before, and for the five weeks end
ing with July were 30,S82,725 pounds,
against IA, 53S, $50 last year. 1t seems a
large part of the Gales this week were to
fill ordere actually booked, and the rush
of belated clothiers and dealers to get
goods for the fall trade gives most manu-
factursrs more than they can do for a
month or two, though there seems to be
no demand for spring goods and manu-
facturers are making no effort to get
orders. Wool has been advanced for
many kinds l cent, and the average
about 4 cent, after the decline OF ~
cent from May.
Recovery in iron manufacture is
hindered by greater trouble in the
coke region. where many OF
the new colored hands have quit and
gone back to the south, and the strikers
have decided to continue the struggle.
Somewhat better business appears at
Philadelphia, but the market here Is
dull. There is no improvement in
quantities of manufactured forms re-
quired at Pittsburg or the west, and the
general demand for finished products is
disappointing. Prices remain nearly
unchanged, though with numerous
small contracts for structural work 4;
beams are shade stronger while besse-
mer iron, bar iron and wire nails are q
shade weaker.
The demand crowds sll works produc-
ing low.priced shoes, while manufactur-
ers of better grades are left dependent
upon slender daily orders to keep their
shops in operation. Shipments from
Boston for the west are rs per cent
larger than laet year.
Commercial liabilities thus far report.
ed in failures during July, amount to
$8,016,775, Of which $4,500,22 are o.
manufacturing and 81, 23l ,470 of trading
concerns, and the decrease for the
month. though great in comparison
with last year, 10 hardly as much as hat
been expected. The failures this week
have been 219 in the United States
against 436 last year.