Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-08-10
The Business situat on.

ate industrial revival throughout the
land. The recovery from the fuel fam
inc and business blockade OF the coal
and railroad strikes has contributed IN
degree to this increa g OF prosperity
Many factories are resuming operdtious'
and Western banks report better de-
mand for money from their country Gil
ents. The low state to which the wooden
market has fallen has resulted In a nat
ural reaction and large sales, which fore
shadow, in their turn, decided improve
ment on the textile trades. The wooden
goods product has been SO greatly cur
tailed. too, that manufacturers Will PROB
ably soon be compelled to start up again
The farmer seems to be the heaviest SUI
ferer, owing to the curious conditions OF
affairs which has made wheat in this
country fall to almost as low selling
price as corn. An important shortage
ia corn may, however, help wheat. The
alarm occa> ioned by the large gold with
drawals for expert has greatly subsidized
since the treasury showing OF the sur
u. Using smallne,s OF the actual net gold
exports for the past four years. A fur
Their tabulation Of the gold exports for
the entire fourteen years from July L,
1888. to June 80, 1894, has revealed
that - bile we have exported 1855, 767,
791 during that period, we have received
IN return S404 ,04l ,410-making total
gold loss for the country Of only $72,-
726, 391. The net balance in the treas
ury stands now at $56OOO,oOo-tbe
lowest point that the reserve has ever
reached-but 1t 10 declared that Secre-
tarv Carlisle could easily replenish his
store by means OF $l0,00000O loan if
he reserve stould fall to $55,0OO,OOO.
The internal revenue receipts have
amounted to $26700,O00 for the month
-$l4, 100000 more than the CORE spond-
ing part of July last year. Failures
during the past week have been 249 IN
the United States against 1856 last year,
and 80 in Canada, against % last year.
The wool market has become much
firmer. While woods are not quotably
higher, a general advance of one cent
pound, and even more, especially in the
west, is being asked. Receipts have
been light, and stocks, particularly OF
common, one-quarter and medium
fieeces, are meagre. There is also con-
siderable demand for certain combing
and clothing woods. The stock OF wool
in sight is below the average for this
time of the year. The sales for the past
week in Boston have amounted to $780,
400 pounds, against total of l,952,53o
pounds for the previous week. Phila-
delphia sales for the week have aggre-
gated 1912, 700 pounds, and New York
sales l,636,000 pounds. These figures
make a magnificent total for the three
cities of 9,034,100 pounds. The worsted
manufactures have been forced by the
retail clothiers to replenish their dimin-
ished stocks. Heavy woolens are in de,
mand The material advance in the
price of raw wool has also affected goods.
An abundant cotton crop is foreshad-
owed, The variable rains throughout
the south during the present week have
aided the cotton planters, The first
bales Of new cotton have already ar
rived at New Orleans from Texas. Plenty
of the old cotton is still in sight. The
total cotton which had come into sight
week ago equaled 7,358,S89 bales, as
compared with 6,49l ,443 bales for the
corresponding period last year. The
total cotton exports from September l,
1898, to July 20, 1894, have been 5,l25,-
ST. bales. which is S52, 64l bales more
than last year. Egyptian and East In
dian cotton is reaching more nearly its
last years supply. There has been a
fair request from spinners; but the fact
that the mills have been running in the
face Of the reduced demand has weak
ened the staple cotton goods market
Bleached cottons sell well at 81 to u
cents per yard. The print cloth reduc-
ton has also added Gripping factor to
the situation. The dry goods trade has,
however, improved, the increase in the
demand for staple cotton goods having