Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-10-12

mean loss OF ABOUT quarter VI Tue
expected crop, and in some imp rtant
states must seriously limit the purchases
% farmers. Meanwhile the price OF
wheat has fallen nearly | cent more, and
it is now but little above the lowest
point ever touched, while options nave
gone lower than ever. This tends TO
cause extreme economy amons wheat
producers. Western receipts since Au-
gust | have been 51,400,0OO bushels
against SO, 100000 bushels last year,
and with the price 50 low this does not
indicate poor yield. Cotton has gone
below all the records since 1919, with
spot middling uplands selling at OBI
cents, and October at 595 cents, receipts
from plantations exceeding those of last
September by $4,000 bales Neil Bros,
reported estimate of more than 10000,
/ 600 bales is but one of many depressing
! influences.
The state of foreign trade calls for at
tention. Exports from New York in
September have been about 2O,4 per
cent less than last year, while the i'm
ports last week we're $l0397, OPS 10
value, against S6.243, 533 last year, and
the Increase for the month has been
about y per cent, In spite of the
great increase in imports, custom re.
ceipts for two weeks have been smaller
than a year ago, while in internal rev.
enue there has been decrease of about
a third. Meanwhile the returns indi-
cate little if any, excess of exports over
imports for September, against $780,, |
100000 last year and foreign exchange
is stronger.
The shoe industry is still doing bet
ter tran any other; shipments from
Boston, according to the Shoe and
Leather Reporter, aggregate for Sep
TENDER 339 ,097 cases, against 222,623
last year, 1928, 1906 in 1892, 3S4,SS9 in
1891 and 324, 702 in 1890 The healthy
activity of works is maintained by nu-
merous small orders, nearly all in ur-
gent haste, and by mayn purchases /
from stocks which have rarely been so |
much reduced The iron and steel
finds products dropping in
price every week, and the average of
such products, which was 44.6 per cent
last April, below the level of October,
1890, but rose a little in July, is now
Ais per cent below the Level. Bessemer
pig is down to $l1 at Pittsburg, and
the demand for finished products gen
orally is inadequate to support the
works in operation; so that the struggle
for business Is very severe. In textile
the large orders recently
given will keep works employed for
some time to come, but there appears
distinct reaction in the demand, so that
orint cloths have been falling again,
while the sales of wool are less than
they were year ago, though for the
month they have been 1S,352,359
pounds, against 1923 ,l25, and 81
Csc. 800 IN 1892 This indicates little
les than so Ter cent of full production.
Money markets have been easy, and
though some money still goes to the
west and south, it is thought the outgo
is drawing near an end. The reports of
failures show for the third quarter OF
the year liabilities seventh smaller
than in the second quarter, and OF
course far below those of the third |
quarter last year. There is still some
increase in the amount OF commercial
paper placed, though much less than
has been expected, and the banks are
holding, according to recent investl-
CATION, about third less of their loans
on stock collateral than they held
year ago with proportionate In
crease in their loans on commercial
paper and country rediscounts. The
point of apprehension at present is not
unsoundness of business, but doubt
whether in volume the business will
suffice to sustain even the industrial
forco now employed-New York I'll
! b Inc.
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