St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1894-06-09

ment in Eastern CenterS.
NEW YORK, June S.-R. G. Dun &
Co.'S Weekly Review of Trade: The
outlook for business seems little bet
ter on the whole, though the improve
ment is not great. Moreover. it is i'm
possible to distinguish between mere
replacement of orders, Cancelled for
want Of fuel or other causes. and the
new business for which works are anx-
lously looking. 1t is somewhat encour-
aging that the decrease in payments
through clearing houses is but 24.3 per
cent for the first week of June-27.2 at
New York, but only 1914 elsewhere.
The decrease in comparison with 1892 is
about 80 per cent. Railroad tonnage is
larger than year ago in live stock and
moderate i'll cereals, but considerably
smaller in coal and iron products and
In other manufactured goods west
bound.
Speculation in products has turned
toward higher prices, and wheat has
risen &c with an official state report Of
injury in Kansas, which is high-tiavored
enough even for Farmers Alliance. The
actual receipts at Western points have
been 1.411, 092 bu. against 2.34S. 39l last
year, and the Atlantic exports only
9l4,59S Ou, against 2.2253, $50 last year.
Corn rose 21lc, partly in mere SYM
pathy, but with more substantial ac-
counts of injury, the Western receipts
having been 2,S65, 459 bu. against 5, 5l5,-
29l last year. Pork products and coffee
are unchanged, and cotton is steady at
7.3Tc, with slender receipts, in spite of
tlH decline and viSjh1a
stocks here and in Europe amounting
to Z. 135, AL bales, against 2,774, SOY last
year, more than enough to supply the
worlds requirements for four months.
According to the estimate of the Finan-
c1al Chronicle. the acreage this year III
creased $4,000, or 3.07 per cent. indicat-
Ing larger crop with favorable
weather.
With only 1887 coke ovens working
and 14,516 idle, with the Cambria dis
charging half its force, and seven out Of
nine of the Carnegie furnaces at Besse-
mer out of blast. the production and
manufacture OF iron and steel are small
er than at any other time for years.
While it is believed that deferred work
VIII cause heavy production after the
strike terminates, the demand for prod
ucts Is at present much below general
expectations, even at the East.
Otner Industries have been less af.
fected. but many of the textile mills
even in New England have now been
closed for lack OF fuel or orders. besides
other concerns in great number be-
tween the Atlantic and the Mississippi
river. A report that the cotton mills
have this year produced within
per cent of their full capacity does
not correspond with the known takings
OF splnnerS, but, if true, indicates pro-
duction far in advance of the demands
for consumption. The market for
goods is dull and weak, with further re-
auctions in price. and stocks visibly ac-
cumulatlng. Sales of wool in the past
five weeks have been l6,949, 49S pounds
at three chief markets, against 2,Sl7, 900
Iastsyear, and 26, 7}6 $50 in the same
week OF 1892. Manufacturers are great
ly embarrassed by scantiness of orders,
and 1t is unprecedented that quantities OF
goods made abroad in expectation of
reduction of duties before this time may
be forced upon this market.
The returns of failures are still en-
eouraging-2l6 in the United States for
she week. against 322 last year, and 40
in Canada, against 81 last year. The
Liabilities i'll all failures reported in the
month of May were S'3.3O5, 357, about
S5,42O,000 at the East. "a, 500 600 at the.
South, and Sc, 100000 at the West. Of
the aggregate. 81. l65025 was of manu-
featuring and ST, 6S3, 49J of trading con.
Germs.