The evening bulletin., 1894-06-30
ANOTHER DRAWBACK
Business Interrupted by the
Railroad Strike.
PROSPECTS BRIGHT

manufacturing Establishments Are Re
suming and the Export of Gold Has
Nearly Ceased-Crop Prospects Grow
Better as the Harvest Nears-R. 6, Dun
s. Company's Review of Trade.
New YORK, June 30.-R. q. Dun q
Company's weekly review Of trade says:
The great strike of coal miners has
ended at most points, but another
threatens to interrupt business more
seriously for time, though the num-
Der of hands engaged is comparatively
small. Travel and traffic are well nigh
arrested on about 20 western roads al
ready, and strikes are threatened on all
roads which use Pullman cars.
On the whole, other changes during
the week have been for the better.
Many manufacturing establishments
which were stopped by want Of fuel
have resumed. The depletion of the
treasury reserve has been checked by
the voluntary deposits of gold by New
York banks. Exports Of gold have al
most ceased. Congress had made much
progress toward final disposition of the
tariff question. Crop prospects grow
better as the harvest draws nearer.
The resumption of work in mines and
mills has made good progress, but the
demand for products is as yet smaller
and less urgent than was expected.
Buyers apparently wait for lower prices
Of iron and steel products, which manu-
facturers are slow TO give, in view Of the
increased cost of materials and produc-
ton. After a suspension of half the
working force for more than month, it
was expected that orders for products
would be very large, but instead there is
a general complaint of dullneSs and mar
row demand, and prices of Bessemer pig
and some finished forms are little
weaker. Although the working force
has evidently increased, several estab-
lishments have stopped for want of
orders or because no settlement regard
ing wages for the coming year has yet
been reached
Textile manufacturers are much EN-
barrassed by the near approach Of prob
able change III the tariff, the effect of
which can not yet be calculated. In
spite of this reason for deferring orders
and purchases, the number of mills
quitting work is not yet as large as was
expected, for there appears little more
demand from clothlers and jobbers.
The cleaning up process has been ac-
celerated with success by concessions in
some cotton goods, but fall orders are
still limited, and the accumulation of
goods continues.
Somewhat better orders in woolens,
particularly in low priced, all wool
goods and i'll clay diagonals and worts.
ed cheviots, though not large i'll amount,
give hope of larger trade. But the mills
are buying cautiously, and sales of wool
fell below last years 2,7SS, 700 pounds
for the week, against3 3, l42 800. In four
weeks of June sales two years ago were
%, 769, 250 pounds, last year only 8, ,759,-
S76, and this year IL ,667 ,S24 pounds
Growers and other holders of wool seem
disposed to demand higher prices than
can now be paid, but receipts from the
interior are liberal and exceed the pres
ent demand.
Wheat has declined 2 cents, the year
closing with insignificant exports, for
four weeks Of June only 1920, $50 bush
els from the Atlantic ports, against
9,9l7,454 last year, while western re-
ceipts have been $500, $50 for the same
weeks, against S,0l0,942 last year,
much smaller decrease. Corn has de-
chned seven-eights of a cent, receipts
being larger than of wheat, and heavy
crop is expected Pork products are also
a shade lower.
Cotton has yielded sixteenth, as spec
ulation against the enormous stocks in
sight grows tiresome.
This week the failures have been PA
in the United States against 307 last
year, and 30 in Canada against 27 last
year. OF late the number and import
ance of failures have increased q little,
as is usual at the close of half a year.