The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1894-02-24
BUSINESS OUTLOOK.
The Situation Through out the Coun.
try Ia Not Hopeful.
Wheat. Silver. Coke and Manufactures
Articles Reach tho Lowest Figures
Ever KnOwn-Blore Factories
Close Than Resume.
RELIEF NOT IN SIGHT.

NEW YORK, Feb 17-R. q. Dun 4
Co. s weekly review OF trade says:
'.rhis has been week OF record breaking
In wheat in silver, in some forms OF iron and
steel, in Connellsv1lle coke and in well.known
cotton and woolen goods the lowest prices ever
known have been made and it is gratifying that
failures OF importance have not resulted
while no action especially affecting bust
ness prospects was taken at Washington, the
continued d1scussiontf revenue and none tary
measures and the uncertainty regarding them
have constant unfavorablo influence, and In.
different markets have caused sudden ductuAr
lions in prices.
Lowest in seventy-seven Years.
"Wheat at cox cents is not only lower by ~
SCENTS thar It was for single day last year, but
bower by 81 cents than 1t has ever been in tho
lof over 7y,Oo0.O00 bushels February 10.
with sales and receipts from farms con-
tinuing large, has completely destroyed
faith in tho Official reports OF the yield
last year and caused enormous liquidation.
Receipts last week were but l,910, 814 BUSH
els, against 2, 0l,048 for the same week last
year, but Atlantic exports were only ESQ., 089
bushels, against 1,0i3015 last year, and the re.
cent decrease in foreign demand has been an
important factor. Some trust companies have
arranged to advance money against wheat as
collateral security, but with results not as yet
encouraging.
Iron Still Going Down. 81.
The slight recovery in prices OF iron prod
uots has not been maintained. Bessemer pig
forge to ea65 and steel b1llets are sold
below SIG there, while at Philsdel.
phia most rolltng-mill products ara
lower than ever The decline Is the
more noteworthy because an increase in the de-
mand Is reported both in eastern and western
markets, especially in structural forms at the
west and here, where several large buildings
are projected The demand for wire rods nails
and fence continues remarkably large and sus.
tains prices, but rails are stagnant
More Factories Close Than Resume.
"Tex tile Industries do not seem to have gained
within the last week. for as many works have
closed as have resumed work, and In WOODEN and
cotton manufacture rather more There has
beon sharp break in print cloths to ~ oents
Some Of the best known oottons have been put
ut the lowest prices ever made, and there IL
more talk Of general closing Of mills. The de-
mand for WOODEN goods does not improve and
sales Of wool decreased sharply after the brisk
activity two weeks ago. being only al SOL
pounds for the week, against 5ez6, 800 pounds
last year. Though some grades are scarce and
prices relatively higher west than here, the
markets do not advance
Failures for the Week.
8lluEoS lOT Lnc Week ubtS UVou ASC III Lu0
United States, against 1917 last year, and s. In
Canada against IS last year Though several
were OF some magnitude, the aggregate OF LA
Ibtlittes were apparently below the weekly aver.
age for January
'.Tor the week ended February the liabil.
tiles thus far reported were only s407U657.
With nearly complete returns for January, the
aggregate liabilities in 1850 failures is $50 946-
AO7, OF which S1l. GIL ,9O5 was OF manufacturing
and s1si9s, 476 Of trading concerns
Less Business Than In January.
B1adstreet's says:
photographic advices from leading trade CEN
tors mako 1t plain that the volume of general
business since the beginning of the month
shows decrease as compared with the
corresponding portion of January this
year, and It is difaoult, Of course, to de.
termine at this writing how much it is
due to natural recession Of tho wave of
the incoming tide. There Is q disposition to
continued dispostng OF stocks and buy for imme-
liate wants until after the tariff question is dis.
posed OF. This. evidently, is having some effect.
Monumental travellers for dry goods, clothing,
hardware, shoe and other houses In number
Of instances are on their way home or have or.
rived home, and report many orders OF those
secured dependent on the passage or otherwise
OF tire tariff bill
Over 400 Banks Still Closed.
1.-The report OF embarrassed banks. by classes
and states, for the calendar year 1893 shows q
total Of 596 exclusive of South Dakota) owing
Sl70 009 OOO and having 1884, 000o COO assets Near.
~ ne-th!rd. or 1es, have resumed business and
assets ss5, 100000. The remaining banks, whose
gate debts being sl0A 900 0oo and assets $50
fl10 OO0'