Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-07-27

to trade have been less serious. as with
the suppression of mob violence the rail
road companies have made considerable
progress in the restoration OF normal
facilities for transportation. The actual
interruption of The freight movement,
and the temporary check to shipments
caused by the Withholding of orders in
fear Of delays or losses, have combined
to reduce the volume of new business
not only in the localities affected by the
strik, s. but throughout the country.
The trouble is now practically over, al
though the effect5 of the losses entailed
by the destruction of property and by
the stoppage of the earnings of the rail
road companies and their employees are
certain to be felt for some tine to come.
Other features of the business situation
show little change, Crop conditions, as
a rule, are encouraging, particularly for
cotton and winter wheat. The Stock
Exchange markets have been much bet
ter supp orted than might have been ex-
pected in view of the strikes and the
comparative apathy of speculation. Very
little gold has been exported, and the
outflow is not expected to be renewed
now that the labor Difficult les have been
practically settled. Merchandise ex-
ports have continued moderate, and from
New York alone for two weeks of July
have been 50, 252, 82S less than they were
during the corr espondlng period last
year; while imports, pending final legis-
lation on the tariff, continue to show
com parative decrease of about Az per
cent. Business failures in the United
States and Canada, during the last num-
bered 2S6. as against 500 for the cor
responding week last year,
Cotton prices have declined 1-16 of !
cent, as result of ample stocks, low
er market in Liverpool and continued
favorable outlook for the growing crop.
There has been fair demand from home
spinners, but only moderate business
for export: The cotton goods trade has
been limited to the satisfaction Of cur
rent requirements, and there has been
no important change in values. There
has been a fairly we'll sustained demand
for WOOL although the business of the
week has been of smaller volume than
that of the previous week, Values of
wool have shown greater steadlness,
partly as a consequence of the check to
the Western movement by the strikes,
but mainly because there is growing
confidence that the effects of legislation
Lave been fully discounted, and with
prices abroad firm at a recent advance of
5 to y per cent. domestic holders are
unwilling to make further concessions
to buyers. The wooden goods trade is
quiet, and is likely to remain so pending
the final agreement on the tariff sched-
ules.
Wheat prices were streng' hened early
in the week by stronger European ad
vices, an improved foreign inquiry. and
reports of a decrease of nearly 100000
bushels in the worlds stock; but most
of the improvement has since been lost
as a result of freer speculative selling on
fayorable harvest news and prospects of
increasing shipments from the interior.
Compared with figures current we k
ago the markets are ] to of cent
higher. The government crop report,
which indicated decline of nearly 20
per cent. in the condition of spring
wheat, had little influence on the mar
kets. The total crop of wheat year
ago was underestimated by something
like 100000 bushels; and while it is
conceded that the yield of spring wheat
this season will be short of that of last
year, conservative, unofficial estimates
still point to an aggregate production
of winter and spring wheat of 100000
600, or possibly 475,00O,00O bushels,
The government figures for July indl-
cate yield of little less than 800, 0OO,-
900 bushels, but the estimate is gen
orally discredited. Notwithstanding
current low prices, there is an evident
williT gness to sell on the part of farm