Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-06-02
DUN'S COMMERCIAL REVIEW.

Obstacles-Long Strikes and Exports OF
Gold Tend to Check but Cannot Destroy
the Wonderful Recuperative Energies of
the C0untry-A Great Reduction In Fall
ures.
New York, May OR. G.. Dnn 4
Co.'S weekly review of trade issued to-
day says:
Storms and foods, prolonged strikes and
large exports OF gold. have done their utmost
this week 10 give business a vacation. But the
wants unsatisfed during the past year, be-
lated and much lessened, and yet greater than
those ofany other nation, have caused volume
OF trade quite large for the season. The strikes
do not appear near an end, and while vio-
lence and bloodshed have occurred at Q
few points, many Of the operators are
making no effort to work their mines. The
lack of fuel has stopped practically the whole
OF the Edgar Thomson and parts ol other Car
negie works. many establishments between the
Hudson and the Mississippi and even the
waterworks OF u few western cities Railroad
traffic is as yet affected very little, but weeks
Of idleness for so many either participating In
or affected by the strikes must lessen pur-
chasing power and demand for goods, and SC
cloud an outlook which had begun to seem
brighter
Gold exports do not abate. but have been w.
10000 this week. though at one time Europe
had purchased $l'5000U of American securi-
ties. Prices OF great staples show how linn
tied is the foreign demand, and imports Of
goods, much restricted at present, would nat
urally increase after the pending change Of
duties. The s,3,0OOOOO gold shipped abroad
this month has been largely drawn from the
treasury by redemption Of notes, and the re-
serve remaining for that purpose has been
reduced to about $50 900 600 Hence there are
antcipations Of some change in the money
market, and although currency still continues
to come higher from the interior and the banks
hold an enormous supply of idle money, long
loans are more difficult to negotiate.
Prices OF products still tend downward With.
out much speculation. Wheat recovered lit
tie at the end Of last week but went down again
with decidedly favorable prospects for the COM
ing yield Atlantic exports being only 1855, ,4al
bushels, against l9s22O6 last year, while
western receipts for the week were 49,
1888 bushels, against 3,0i3 ,266 last year. 1,
is not surprising that farmers retain
wheat at present prices where they can
Corn is stronger, notwithstanding large re-
ceipts and insignificant exports. Cotton has
recovered u shade TO "a cents though receipts
for the week we're nearly as large as last year
and exports much smaller. Pork products all
declined with heavy receipts, and coffee is also
lower. The astonishing cheapness of wheat
and cotton will affect the rapidity Of movement
in the fall, also will directly lessen the amount
OF money required in moving the crops.
While the iron industry especially and many
others to some extent, have been restricted by
scarcity of coal and coke, the number Of works
resuming has been greater than the number
o n bpr n ig m
tom not to be overlooked that the demand fol
| manufactured products, instead Of increasing
appears for the moment rather smaller thar
before, and indifference of buyers Is showr
| in cancellation OF orders hitherto given
| 1t is waiting season, but the disposition
| to wait is this year much intensified. Work.
| In operation are fairly busy in closing W
| orders for belated spring demand. but there
| Is ever more shrinkage in orders for the futur,
| than was noticed last year as the precursor o
| coming dullness. In the wooden manufactur,
this is especially true, excep. as to dress goods
which are in fair demand, and sales Of 3,26l ,2l
pounds wool against 2,394650 last year, il no
| partly speculative, would represent much les
than full consumption.
There appears no increased demand for cot
ton goods and manufacturers have agreed tina
the accumulation of print cloths which nov
|
checked by suspending production.
| The boot and shoe industry gives more evi
dence of improvement than any other and tn,
.fhipments from Boston. according 70 the Sho
ind Leather Reporter, again exceed those o
1 the same week last year. There is consider
| able buying from stocks, and some preSsur,
| for speedy delivery on orders, and while Their
| Is general improvement, it is observed espe
| cially in womans goods.
| The demand for iron and steel products, II
view Of the stoppage Of a large proportion oil
| the works, might be expected to improve ma
| terally, and prices are in fact held at the ad.
vance recently noted, but there Is now observed
much Indifference among largo consumers, ant
the evidence OF an enarging demand seems tc
be less satisfactory than before the strike
| Minor metals are weaker with restricted de-
mand copper being quoted at "a cents fol
lake and lead at 3.3 cents.
speculative movement lifted stocks early
| In the week, but'there has since been con-
slant saggng, so that the average for tho
week is % cents per hundred higher for railway
| shares and .35 cents per share for trusts.
| Storms and floods have caused some inter-
ruption to traffic and damage to roads. and ex-
| tensive rate cutting on east-bound roads Is
formally charged Earnings continue to
| decrease, and thus far in May have been III
per cent. smaller. than . year ago. The
losses are nearly equal at the east and al
the west, and somewhat greater than at the
| south. There is some improvement in lower
| ,lass west-bound tonnage. but much decrease
in manufactured goods hardware and lumber
The combination has decided to restore lake
md rail rates June I, except for grain, which
is to be lower. Exchanges through clearing
| houses compare favorablv for the week being
only ISL per cent. smaller than last year.
Failures diminish in Importance the amount
of liabilities for the third week in May being
only f. .90il3q, and for the three weeks & ,s36
l72 of which S6is 6s7 were OF manufacturing
and S5, ,i250 005 of trading concerns.
The number of failures reported this week Is
1888 in the United Staes against 259 last year.