Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-09-28
The Business situation.


retained, aud from a number of the
more important business centers still
further gains are reported. Transact
ions in wool at Boston have been very
heavy, one sale amounting to I,2Oo,OOU
pounds. 1t is added that several new
and to American manufacturers hitherto
unfamiliar varieties OF foreign woods are
being purchased With view to expert
nienting. At various Northwestern
centers colder weather has stimulated
sales in dry goods, clothing aud shoes.
Woolen dress goods are not sold as act
lively as in previous weeks, jobbers not
carrying supplies beyond what the pub
lie are likely TO take before January L.
Encouragement is gained from improved
demand for money at Savannah,
Augusta and New Orleans, due to In
creasing receipts of cotton and de-
mands for advances on the crop. At
Chicago money is also more active, and
some bankers have withdrawn from the
agreement to pay only II per cent on
balances OF county banks, and will pay
per cent. The Southern pig-iron mar
ket may be gagged by sales at Nashville
thus far this month equal to total sales
during August. Inquiries are received
from the north for heavy blocks of pig
iron. Demand for pig-iron is also
marked at Chicago. but has decreased
at Pittsburg and at st. Louis. Gross
railroad earnings for August, covering
returns of 1872 roads, having a milage
OF 100000 of main line, aggregate S42,-
$1,000, against $40, 0SO,386 in August,
1898, gain of nineteenth of per cent.
This compares with a decrease of II per
cent in July from July, 1898, and is the
first increase shown in any month this
year over the like month Of last year.
The showing of the various groups of
railroads presents an irregular distrlbu-
ton of increases the most favorable be-
ing by the Southern lines, which in
creased 10 per cent over August last
year The Pacific lines re ort gain of
23 per cent and the Southwestern
roads an increas- OF IL per cent over
August 1898.
The check in purchases of wool after
heavy buying tends to weaken prices,
and cotton has reached 11-16 cents after
it's marked advance. Pig iron is rs
cents ton lower, and hardware and
dry goods jobbers at western centers re-
port increased sales, due to lower quo
tations. Live stock at Kansas City and
at Omaha have weakened on heavy re-
ceipts of commoner grades, all of which
con- prise the chief decreases in price OF
staples. They are Offset by firmer
markets and advances for leather. pc
troleum and sugar, for print clothes due
to decreasicg stocks, and cotton goods
owing to the strike OF operatives.
Wheat is up IA cents, corn l "a cents
oats 1.8 cents, pork IL cents, lard l =
cents and coffee IA cents. There are
213 business failures reported through
out the United States this week,
against POT last week, 300 in the week
year ago, 143 in the week the year
before that, and 236 in the week in
1891. The New York stock market is
dull, narrow and professional. the sole
interest being furnished by bearish
efforts to depress prices. There is,
however, no liquidation, and prices did
not yield to any great extent, except in
distillers' stock. The declaration of the
reg ular dividends on st. Paul and sugar
have not led to any bullish movement,
the public being out OF the market and
London apathstic toward american
stocks. There is, however, continued
demand for bonds, and some speculative
activity In low-priced issues. Boston re.
ports quite an improvement in gener raj
staple lines, due to the heavy reduction
in country store stocks in preceding
months. At Philadelphia there is a
better demand for cotton yarns, petrol
cum, shoes and drugs. No change is
reported in favorable business at Balti-
more, except that orders have increased
from mining districts. Trade is prac-
tlcally unchanged at Pittsburg and