The Portland daily press., 1894-06-16

While Others Have just Lost their Crops
road Earnings We're Light During the
Past Month and So Were the Failures
Business Demoralized by the Tariff
Uncertainties,
New York, June Is. .-Bradstreet's to-
morrow will say: The practical arrival
of the midsummer season and The usual
slackening of business, the extreme heat,
need of rain in the northwestern and
southeastern states, the continued un-
certainty as to the tariff preventing the
merchants from anticipating the de-
mands for next fall, with the large num-
Der of idle wage earners in the industri
to produce a continued dullness in .busi-
ness. OF the more important eastern cit
les, only one is noting improvement,
which is Pittsburg where the sales are
stimulated by warm weather. The
feature is of depression heretofore re-
ported at other eastern points still are
prominent. Prices of wool continue
weak, and sales are small. While the
cotton mills report a fair output, they
are accumulating supplies. While some
woolen mills are running on old orders,
orders at others are being cancelled. New
England shoe factories are shipping
more heavily than previously. Boston
advices are that 5000 tons of Provincial
coal have been received. General trade
Is stagnant at Buffalo and at Philadel-
phia textile industries report sluggish
demand. Although sales of paint and
| rrl ir,f fo1r nI11,, nx,6 h 10
coal sells for a little more. Baltimore
merchants report the same extreme con-
servatism on the part of buyers and sell
ers, and trade is very dull.
In the south are five cities at which
merchants are said to have entered some
Improvement in business. Jackson
vile declares collections are better. At
New Orleans and Memphis the demand
for staple goods is increased in groceries
and dry goods Nashville regards the
outlook for fall as improved, but admits
that rain is needed. At the manufac-
turing centres, Atlanta and Augusta,
mills are reported as fairly active.
TO have stimulated the demand from
iobbers at many points. The fruit move
ment in southern Alabama has fallen off
as has the demand for hardware at Mo
bile. Rain is badly needed in portions
of Georgia. At many points throughout
the South Atlantic and Gulf States, no
change from previously reported dull
trade is noted, while west and south
west. few, if any, evidences of improve
ment are perceived, except those tele-
Qraphed from Omaha, Chicago and De-
troit, activity at the Nebraska metropo-
is showing itself in an ircreasd demand
for money. Recent advices are that the
wheat and oat crops of that state will
be small, but corn heavy. Chicago ship
ments in seasonable lines show an aver
age trade for the middle of June,sdue to
renewed ordering for fall delivery by
country merchants in districts not affect
ed by the coal strikes. The report is in
sharp contrast to that from st. Louis,
which for weeks reported quite favora-
BILE features. The business of Detroit is
helped by better weather. At tLouisivlle
drugs. are more active, aud manufac-
turing.of jeans is holding it's own. There
is no improvement from the depression
and dullness characterizing the general
trade at Cleveland, Cincinnati, Milwau-
kee, and st. Paul.
At Portland, Oregon, the floods are
suhsiding, and goods are being moved.
In the valleys the small fruit crops will
be lost. owing to the lack of transporta-
tion Trade at San Francisco is only
fair !, the wheat export business being
at standstill.
The demand for Bessemer pig iron,
| lent to sustain the recent advances from
| 81 to 50 per ton, compared with the low
est prices. Prices of staples moved both
ways, wheat reacted 3-S cents from
| the recent heavy advance. and pork has
gone of 25 eants, lard five points, cotton
| 1-16, hogs and sheep several cents.
Similar advances in price include Indian
corn Id cent, oats 1-2 cents, coffee
| 1-S cents, raw sugar 1-S cents, cattle 10
| cents. The banks clearings this week
present a total of 1882, 900, 900, s per
cent smaller than last-week, and 20 per
| cent less than the second week of June
| last year. While the weekly totals of
bank clearings have been showing no
| material gains of late, they show pro-
>portionately smaller and smaller de-
creases compared with the like weeks of
| last year. The gross earnings of IL rail
| roads companies for May reflect heavy
| losses, due to the coal strike and gener-
al business depression. The earnings of
| 1882 miles Of railroad for May aggre-
| cent from the May total of last year,
end the heaviest decrease from last
years business in any month so far this
year. For five months, 1876 roads earned
| $1T9, S91, ,0S2, decrease of 14.2 per cent
| from the corresponding total year ago.
| The combined earnings of ten prominent
| coal carrying companies show a decrease
| from May, year ago, of Al per cent.
| The examination of statistics points to
| the probability of the United States hav-
| ing at least 140, 900, 900 bushels of wheat
available for export for the year ending
July /, 1895, compared with about 16S,-
| 900, 900 reported in the preceding twelve
months. The exports of wheat -four in
| cluded for both coasts in the United
States and Canada, amount to 2,254. 900
bushels this week against 1884, 900 the
second week of June last year. There
were 227 failures in the United States
this week against 303 the second week in
| Iuoa 1909