The Cape Girardeau Democrat. (Cape Girardeau, Mo.) 1876-1909, 1894-07-07
oUN's COMMERCIAL REVIEW.

IOUN'S COMMERCIAL heStG"s
The Great Coal Miners Strike Ended .
Vet More Serious Interruption Threatens
the Business Interests of the Coantry In
the Railroad Tie-Up Growing Out Of ths
| Pui!unsu Boycott-The Outlook.
| NEW YORK. June S0.-R. G. Dun &
,o.'s weekly review of trade, issued to-
5ay, says:
| The great strike Of coal miners has ended At
most points. but another threatens 20 inter
| ..j business more seriously for time, though
| the numi-r 81 bonds engaged is comparatively
small. Travel and tTaffic are well nigh arrested
I on about twenty roads slready. and strikes are
threatened on all roads which use Pullman
| ears A. the public and the railroads leasing
the ears nave no power to say what wages
shall I've Ir,id at the Pullman shops and the re-
CENTS ~ that company from the railroads does
not depend upon the leased cars, 1t Is dincult
to calculate how long such strike may last
" how far il may extend.
On tfso' whole other changes during the week
have been fJf the better Many manufactur-
ing establishments which were stopped by
want Of fuel have resumed The depletion OF
cine treasury reserve has been checked by the
voluntary deposits Of gold by New YORK BANKS
exports Of gold have almost ceased. Congress
has ul:.sis mech progress. toward final dispose
tion Of the tarir question Crop prospects
grow better as the harvest draws nearer
The resumption OF work IN mines ana mills
has made rnsd progress, bu. the demand for
products is a. yet smaller and lt,>s urgent than
was expected Buyers apparently wait Tor
lower prices Of iron and steel products, Wnicn
manufacturers are slow to give in view OF the
increased cost Of materials and production
After a suspension Of half the working force
for more than a month, it was expected that
orders for products would be very large. bus
instead there is general complaint Of
dullnRs~ and narrow demand, and prices Of
BeSSemer pig and some finished forms are
little weaker Although the working force has
Evidently increased. several establishments
have STOPPED for want OF orders. or because 10
settlement regarding wages for the coming
wear has vet been reached. In the minor
ntt=Ia the tendency is toward weakness, but
without uidcA change in prices.
Shipments Of Sosts and shoes from Boston
were smaller for the week than last year, but
for four weeks OF June were 3fs,Gs cases
against Ss.Ifs last year. The demand for
cheaper goods continues fairly large and in
some grades l. larger than a year ago. but in
high-priced goods the business is still remark
ally narrow.
Textile manufactures are much embar-
raSSed by the near approach Of u probable
change in the tariff the probable effect Of
Ahi"h cannot yet be calculated In spite OF
this reason tor deferring orders and purchases,
the number of mills quitting work In not vet as
large was expected: for there appears lit
Tie more demand from clothSers and iobbers-
The rleaning-up process has been accelerated
With success with concessions in SoTse cotton
toOd: nut fall orders are still limited. SDd the
accommodation Of goods continues.
Somewhat better orders in wOolens. partlcu-
larly in lOw-priced dlI=wool goods in clay dag
onalS and worSted chevicts. though not large
In amount. give hope Of larger trade. But the
mills are buying cautiously, and s5les OF wool
fell below last years, 27ss.7 100 pounds for the
week against 3IE1Gn In four weeks OF June.
sales two years ago were e.s50 pounds, last
year omit 80 SO, and this year Ii.6s5.ss4
pounds. Growers and other holders Of wool
seem disposed TO deni3pd higher prices than
can now be paid. but receipts from the interior
are liberal. and exceed the present demand.
Speculation has tended towards lower prices
products and in stocks Wheat has de-
clned cents. the year closing with insignth-
cant exports. for four weeks OF June only
a.gr4O SD bushei, from Atlantic ports, against
p.gl7 81 last year. while western receipts have
been 5fa0,SsO for the same weeks, against
s.sl09i2 last year, a much smaller decrease
Corn has declined seven-eighths cent. receipts
being larger than Of wheat and n heavy cror
i expected. Pork products are also a shade
lower. Cotton has yielded one-eighth as specu-
lation against the enormous stocks in sight
grows tireSCms.
In the stock market some advance resulted
early in the week from the presidents decla-
ration OF the purpose of the government and
the strengthening Of the treasury reserve, but
prices again declined as the railway strike ex-
tended. ard railroad stocks average twenty
cents per share lower than a week ago. Earn
inES in June prior "a the strike had shown
decrease of - per cent, compared with last
year. and the decline in east-bOund lake or
rail tonnage from Chicago ia 81 per cent.
The volume of domestic business as shown in
lear iut- iS
smaller for the week than last year, and at
New York the decrease is 36-l per cent
There is some Improvement In the demand
Tor commercial loans especially from the
south and sales of foreign exchange against
products to De exported hereafter have much
increased. This, with foreign buying Of stocks
lfter the action OF the New York banks, have
exchange so that gold exports for
he week have been only s2O7n.Op But GUS
OmS receipts for the month have beeu only 81
Isl 10. and the years deficit will be abort SsO.
loo,Do credit deficit is expected in July.
No correct statement Of failures for June or
he half year is vet possible, hut our weekly
eturns show gratifying Improvement over last
ear. In June the failures have been about
10. and In the half year about ZOO The ag-
Iregatr Of commercial liabilities only. with
'art ~ June lacking has been s13,1s3,465.
gainSt al35i5760 in May. ss.sI6s6s in April
md s99. 10 in the half year AT the east the
liabilities were about s4s,nOOD; at the west
;36.O00O00 and at the south ss50O0.GO
The classified returns show about al 10000
{ manufacturing and 81 OOOOOJ OF trading liza
'ilities. In Canada the failures. part Of June
lCking, were ~ O32 and the commercial liabil-
ties over 10000, about s5,2OOO0O being Of
rading concerns.
The number OF failures this week has been
II in the United States against 307 last year.
nd 35 in Canada against 2 last year. OF late
N-NN.