The Caldwell tribune. [volume] (Caldwell, Idaho Territory [Idaho]) 1883-1928, 1894-06-13
THE NATIONS TRADE
Strikes and Floods Depress Busi-
ness Everywhere.
ENCOURAGING FOR FARMERS
wheat, Corn and Oates Have improved
Materially Since June-Averaee
Number of Failures.

NEW YORK, June 9.-Bradstreet's saws:
Nearly all the unfavorable business
conditions of the past three weeks con.
ttnue to exercise an influence. The
few exceptions in which improvements
are noted are of practically local i'm.
portance. Regular trade at many CEN
tiers has been interfered with, not onlv
by the unfavorable weather and by
further restrictions of the purchasing
power of the wage earners, but by
further industrial trouble or by shrink
age in products.
The see-saw in prices tips in an op-
posite direction this week, most striking
in cereals, oats having advanced 81
cents, wheat az cents, corn a. cents,
and potatoes are 20 cents higher. Pig
iron is up sharply at St. Lo1is and live
stock at Kansas City has advanced.
The conspicuous decrease in the prices
of staples reported are in wool and
leather, due to heavy receipts of the
new crop.
At large eastern centers there is no
improvement in general business. New
England cotton mills continue to pro-
duce in excess of the demand. There
are evidences of improvement reported
in the west.
Available wheat in the United States,
Canada and sfloat decreased more than
10000, 900 bushels last month, against
the decrease in May in five preceding
years of about 5,OOO,O bushels each
year. The five months decrease of
domestic and Canadian wheat stocks
for 1894 is high average compared
with like proportions of the five pre-
ceding years. Notwithstanding these
exhibits, Bradstreet's returns point to
decrease in the United States and
Canada of 5000, 900 bushels of wheat
June 1, only $500 bushels less than
June a year ago, and two or three
times as much as was held on June
IN several preceding years. Exports
of wheat for the States and Canada,
both coasts, for the week ending June
7, equal 2, 40O, 900 bushels against 2,40O,-
900 in the preceding week, and $780,.
600 bushels in the week year ago.
Special kilograms from leading trade
centers throughout the Canadian do
minion have continued to grow some
what unfavorable from week to week
within month or two. The number
of business failures In the dominion
last week was 81 against IS the week
before, SO in the week year ago and
"a in the week the year before.
Bradstreet's financial review says:
Speculative activity has been on
slightly increased scale. Unusual con-
ditions have continued to surround the
market, and want of general interest
in railroad and other securities is ap-
parent. Even the short interest fur.
nished material for fairly general i'm.
provement in quotations based on the
adoption of the sugar schedule in the
senate on the refusal of the house to
repeal the 10 per cent tax on state
banks and the advance in wheat. In
this movement sugar hung back and the
lead was taken by railroad stocks,
which secured advances in face of con-
tinued unfavorable earnings and re.
ports of damage from storms, as we'll
as serious Interruptions to traffic from
strike. The fact that foreign exchange
holds steady at gold export points and
that this week Sc, 100. 900 gold will be
shipped to Europe, is conclusive as TO
the unwillingness of foreign interests
to purchase Americans In any quantity.
Financial circles were encouraged by
the defeat of the proposition to per-
nit state bank note issues. The vote
against the measure was Unexpectedly
large, and the feeling In such quarters
is that considerable advance has been
made toward the settlement of the cur.
reucy and banking laws on conservative
lines. As pure speculative factar,
however, this matter was subordinated
70 the adoption by the senate Of the
sugar schedule and tariff bill. The con.
clusion drawn by the street is that the
action indicates speedy action OF the
senate on the entire bill and the conse-
quent release Of business from the I'M
of which the pending tariff
bill has been the canse. 1t Is noticeable
that sugar stock, the supposed bene.
ficiary of such action, did not 'boom"
on account of It,"
Wheat in Chicago.
CHICAGO, June Git was wild day
In wheat, with prices rushing franti.
cally up and down in long jumps. in.
aueuced on the one hand by higher
cables and buying on the other BY
liberal selling orders. Trading was
very heavy and July closed with gain
of IN cents.
Boats Wrecked.
BRIGHTON, Colo, June 9.-It 10 thought
that dozen boats Of Coxeyites were
wrecked on the. Platte river, and It 10
supposed large number OF men were