St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-02
LESS DECREASE
In Clearings and Railway Tom
mage Than Was Expected on Ac-
count of the Strike,

In Clearings and Railway Tom
mage Than Was Expected on Ac-
count of the Strike.
New YORK. June 1.-R. &. Dunn &
Co.'S. Weekly Review Of Trade: 1t is a
sign Of cheering import that IN finished
business, represented by clearings and
railway tonnage. there has been less
decrease since the strike began than
nigh t have been expected. But in
i%neohoate business the orders (which
start the wheels, to result in
tonnage and payment weeks or months
later, there seems to be actual deer. ase.
Meanwhile the consequent interruption
of traffic and industry increases. The
stoppage of iron furnaces between the
Allegheny mountains and the Missis-
sippi river has been complete. and a
great number Of concerns manufacture
ing iron and others requiring soft coal
or coke for fuel have been forced to
stop. Business cannot increase in VOL
uihe under such circumstances. and yet
payments through all clearing houses
for the week Show d decrease of only
POS per cent. compared with last year.
Though a large number of works are
idle the demand for products is not
what might be expected either in vol
m or in urgency. The output of iron
and steel has been suddenly and sharply
reduced. but the reduced supply seems
abou as sufficient for the demand as it
was a month ago, except in the Besse-
mel. Sales of small lots of Bessemer
MO ar nIanpc &C distant ay Mast fNrou
and Duluth for transportation to the
Carnegie works near Pittsburg disclose
how completely stocks are exhausted,
and sales for delivery in July and August
at Sl1 to sll.15, a price S1.50 higher than
prevailed Il few weeks ago, indicates be-
lief that the termination of the strike
Will not soon bring back the old prices.
But for most products, Notwithstanding
the Interruption. the demand is uneX-
pectedly narrow, and buyers feel that
the present advance is but temporary.
Shipments Of boots and shoes for the
week. and for the past four weeks,
are a little larger than a year ago,
and there are orders for some staple
J products to warrant work for some time
to come, but many factories are dis
charging cutters, or otherwise reducing
hands, because their orders do not
! justify hope of running much longer.
/ Sales of wool at three CHIEF markets
have been 1884. 600 pounds for the week
agaidst Z, 766,00 last year, about 6.OOO,-
markets for a full supply. New fine
territory and Texas wool has sold at 8
to 9 cents, and 81 to SEC cleaped appear
to be about the ruling price, but at
Boston decentralization makes prices
nominal.
Again the lowest price ever recorded
has been made for cash wheat, SCI
cents at New York, against rs cents a
year ago, while the average in May.
1892, was 80 cents, and in April, 1891,
S1.1S1a. Western receipts are naturally
small. only 1,35S,S6 bushels for the
week, against 2.919, $50 last year, but
Atlantic exports were only sO7. 500 bush
els, against 2, 241 .0l0 last year. Corn is
stronger, with exports about one-half as
large as a year ago, and the unfavorabIe
outlook for oats results in a higher
price. Pork products are weak. with
continuing large receipts. Cotton has
varied little, though receipts from
plantations have fallen off, for stocks in
sight are very large, a new crop, for
which prospects are decidedly good. is
drawing near. and the demand for
goods is uncertain.
Liabilities reported in failures for the
fourth week of May were 1858, OS7, and
for the foul weeks ending May "a, SILL
391, 042, of which 81, AZ. Cos were Of man.
ufacturing and s5,SO6. S91 of trading
concerns. Reports yet to come in may
increase the aggregate to S14, 600. 600 for
the month. Failures this week have
been 1873 in the United States, against
23S last year, and ~ IN Canada against
81 last year. Only two failures, both
banking, are for 500. 900 or more.