The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1894-08-03
Commercial Summary,

1t seems that wheat and the Treas
ury balances are not only low, and
lower, but lowest. During the past
week wheat ranged from s5 cents to
sol per bushel, while considerable I'M
provement appears in the price OF
whiskey, it having reached S1.sa per
gallon. OF wheat Dun's Review says:
Every effort to stop the downward
tendency Of prices proved unavailing,
and the week opened with a quotation
far below the previous low water mark
here, and September options sold
down to S, at Chicago. When the
last hopeful rumor failed to stem the
tide there was big break and forced
liquidation with few purchasers. Every
influence this week has been with the
bear traders. An estimate from Canada
places the yield per acre much larger
than last year. The news from Great
Britain contradicted the earlier reports
of decrease in some localities, promis-
ing an increase of about 20 per cent.
in the yield, ard even the heavy rains
in western Europe were considered
helpful to the growing crop. The re-
ceipts at the West have been enor-
nous, and with the smaller exports
mean big increase in visible sup
ply for the week."
There is an admitted increase in
business during the past week. We
notice the commercial reviews like to
attribute it to the belief and hope that
nothing will be done with the tariff
bill this session. They admit, how
ever, that some improvement was to
be expected after the effects of the
strikes had passed.
What surprises the northern iron
manufacturers is the threat of the
southern plants to resume business.
This we suppose is deemed not in ac.
cordance with policy, political, fnan-
cial or commercial. 1t may be, how
ever, that the Birmingham, Alabama,
iron plant is not in political sympathy
with northern manufacturers whose
only hope seems to lie in Republican
ascendency. On the whole manufac-
tured products are without life it is
said. Anticipating favorable legisla-
ton or rather no legislation lead is
said to be looking up.
The boot and shoe business is also
said to be looking up, the figures show
ing greater steadiness in the traffic
than in any other industry. Makers
Of cheap split boots are full of orders
for the whole season it Is reported.
In the textiles also more active
movement is noticeable. Here also
expectations regarding the tariff have
exerted an influence.
AS to dry goods, the demand through
the mail has far exceeded the average
orders Of this kind, and there is evi,
dence of decided Improvement all
along this line of trade.
In railroad stocks fluctuations are
reported as wider and business con,
tinues small.
Sugar has fluctuated violently during
the past week, but sold freely, the
manipulators having advanced the
price early.
The railroad earnings of the United
States show decrease of a6 5 pei
cent. as compared with corresponding
period of last year.
There is total of 24o failures in
business as against 2SS the week be
fore and 400 for the corresponding
week last year.
Three bank failures are also record
ed during the past week, namely the
Sherman Bank Of New York, The
Forks Deposit Bank of Beattyyille
Kentucky, and the First Nationa
Bank Of Grant, Nebraska
OF commercial failures there is quite
few, so to speak. -Four failed for
amounts exceeding $780, 900, and 81,
failed for less than $1,000 each.