The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-07-21
FINANCE AND TRADE.
Weekly Statement of Dun and
Bradstreets.
REPORT OF MIDSUMMER TRADE

The Return OF Pottsrs, Pullman EN-
ployes, Coke Workers and Miners Have
Good Eject on the Industrial situA-
tion.
NEW YORK, July 21.-R. G. Dun & Co. 3
weekly review of trade says The effects
of the two great strikes have not yet en-
tirely worn of, and meanwhile disagree
ment between the two houses Of congress
has made tariff uncertainties more dis
tinct and impressive 1t follows that the
customary tests Of the condition of busi-
ness are less instructive than usual. The
financial situation is somewhat less fav-
orable, because the exports Of gold have
been resumed and are $780, 900 for the
week, but treasury receipts have been
SS,O46,39l for customs against s2,951, ,574
last year and S7,474, 553 internal revenue,
against 81, ,97e, ,51s last year.
The extraordinary payments to antici-
pate the increase of taxation on whisky
are rapidly locking up a large amount of
capital and taking from the government
part Of the expected increase of revenue,
while the current loss in customs receipts
is largely due to the postponement of i'm
ports in expectation of lower duties here
after. Thus the treasury has been gain
ing in balance, although at the expense
of some loss in revenue hereafter
Wheat has been skating on thin ice,
with chance of breaking through and
making the lowest record ever known,
and has declined three cents for the week.
With railroads generally blocked in the
wheat delivering districts it is satisfac-
| tory indication that the western receipts
Z are about two-thirds of last years {, ,271,
514 bushels, against 3,02S, 3TS a year ago,
while the exports from Atlantic ports are
Insignificant, only 672, ,4O2 bushels against
arcs, ,627 last year.
Corn has advanced shade, with no sat
isfactory reason, for the prospect is excel
lent for a large yield. A great specula-
tion in oats has begun to liquidate, with
| the customary losses to the wise men who
knew all about it, Cotton has declined a
fraction, and all Indications still point to
a material increase of yield.
Although there was an increase during
the month of June of nearly third in the
weekly production Of pig iron and the
consumption in the manufacture was
nearly 10000 tons per week greater than
the output of furnaces, it is questionable
| whether any further Improvement has
yet occurred In July. Many Of the west
ern establishments were stopped because
the blockade of railroads cut off their sup
plies Of fuel and have not yet ventured tc
resume. Others west of Plttsburg have
been inactive because the coke strike con.
tinues and the limited production scarcely
suffices for the need Of works near al
hand
The most hopeful sign noted this week
| ia that foiltrrag
few and not very important. The aggre-
gate of liabilities for the twelve days end
ing July 10, was s2,69O, 3O6, of which ST.
0O9S2 was of manufacturing and 81 ,55s,
204 of trading concerns, which is decidedly
below the average for the past half year
The failures this week have been 286 il
the United States against 467 last yea
and A in Canada against 25 last year.
Bradstreets' report says: The disap
pearance of the great railway strike o
1894, the revival of regular freight sched
ules, and the customary movement o.
produce and merchandise by water anC
rail, have done much to restore some
thing like the preceding volume'of trade
The most encouraging statement il
merely that general business is only ap
preaching the usual midsummer proper
tions.
The return to work of potters at Tren
ton and Wheeling, employees at Pullman
tube makers ut McKeesport, Pa, fur
ther return Of coke operatives in the Con
nellsvllle region and of coal miners il
western and southern states, together
with nearly all recently striking railway
employees, will furnish more industria
employment within fortnight than a
any previous date since April /.
There were 212 business failures reported
in the United States last week, agains
229 last week, as compared with 527 in tn,
corresponding week one year ago. whe1
the effects of the financial panic wer
making themselves severely felt. In tn
corresponding week of 1892 the total wa
l79, and in 1891, following the disturb
ance due to the Barring crisis, the lik
weeks aggregate was 252.
, Exports of wheat (hour included), botl
coasts, United States and Canada, ar
again moderate, the aggregate this weei
being only 1873, 900 bushels, compare,
with 2,S77, 900 last week, 5O77, 900 bushel
in the third week of July, 1893, 2,7l6,OO
1 bushels in the like week of 1892, AM
9 1880 900 bushels in the corresponding