The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1894-07-13
A Brief Synopsis of Duns Review.

AS 10 the immediate future, the
Recieeo admits that the interruption
of business by the railroad strikes
has been SO demoralizing and un-
settling in effect as to leave the usual
signs of the times of little value.
III speaking of stocks, however, il
says they are notably unaffected,
closing with decline of only Il cents
per share. Railroad earnings show
decrease of ais per cent. for June,
as against 200 for May
In regard to the effect OF the pass
age of the tariff bill by the Senate,
Mr.. Dun aptly remarks that no one
will venture to risk much on its final
passage without further alteration.
In fact further alteration is anticipated.
AS to speculation in all kinds of
products, unsettled conditions make
It full of uncertainties. Meats have
run higher, however, with famine
threatened in New York because of
its tie-up in the west, where large
quantities have been spoiled and
destroyed.
Because of improved crop prospects
wheat has fallen n cents.
The aggregate yearly export has
been I65,ooo,ooo bushels which
brought the lowest average price ever
known. Consequently but IS, 900, COO
bushels were sent west as against
a+9, ooo,o 900 bushels the previous year.
Cotton promises so well that specu-
lation for an advance is difficult. Over
1850, 900 bales are in sight with strong
promise for a much larger yield.
The iron industry, as result of
unfavorable conditions, emanating
from the coalminer's strike and block.
ade OF railroads in the west, will
suffer large and general deterioration.
Railway earnings being affected, i'm
provements and extensions of the
roads will also be affected Prices are
tending downward, though a rally is
anticipated Immediately after the
termination Of the strikes.
Textile manufactures show no i'm
provement. On the other hand two
important cotton mills stopped in.
definitely. Also a number of woolen
mills are closed for the present, most
likely anticipating cheaper goods
through foreign competition after new
duties take effect.
Minor industries are also affected
much in the same way, especially
where changes Of tariff duty is liable
to bring foreign products into COM
petition with domestic manufactures--
all ofwhich tends, of course, TO reduce
the price in the interest Of the con-
sumcr, and to the disadvantage of the
home manufacturer. This is what the
writer would call bitter-sweet that is
bitter to our manufacturing classes
and sweet to the consuming masses.
The Government closes its fiscal
year with a decrease of SSS,0Io, 2o2
in revenue. However, bankers calcu-
late that the danger point is past,
since our gold exports have about
stopped, amounting to only $3.50, 900
for the week. Our receipts exceeding
our shipments by $a,ooo,oo this
week is very encouraging.
In very plain English the Revte,p
says: Large imports are expected
when the new tariff goes into effect,
which will tend to lessen the custom
airy excess of exports in the Fall"
As to failures, there were less this
year than last and also the liabilities
involved in the failures were nearly
so per cent. less.
s. In the important classes tie com
meYcial failures show most encoura.
ging Improvement" says the Recie'o,
" Failures during the week have
been iSl in the United States, against
S34 last year, and "a in Canada,
against % last year, with no impor-