Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-12-07
TURNS OF SUBSCRIPTION;
The Rusiness Situation.

Business improvement during the last
week hBs been we'll maintained and in
in some directinns has made further
progress. Cold weather in the west has
increased the consumption of heavy
goods, on advance in cotton prices has
strengthened business confidence In the
south, and in New England and the
Middle states better demand for man
ufactured goods has caused a further
increase in the industrial output, The
after approaches the maximum in from
and steel, Is taxing capacity In the
cheaper grades of boote and shoes, and
is gradually charging sin both cotton
and wooden goods. Exports of merch-
andise are rye, but measured by ruling
low values compare unfavorably with
those Of November, 1893. Business
ailures in the United States and Canada
during the last week numbered 1856, as
against 419 for the corresponding period
last year. Cotton prices have advanced
| of a cent per pound, as a result OF
more confident speculative buying on
the theory that prices had been unduly
depressed by the big receipts and max
imum crop estimates The movement
from the south has continued liberal,
although it has been little smaller than
during the previous week, AMI exports,
on the other hand, have continued large.
Estimates of a crop Of 100000 bales,
based on the government acreage and
condition figures for the last month,
have had some influence in favor of a
higher market, although cotton factors,
as a rule, place little dependence on the
federal crop data. Spinners have been
buying cotton mu h more freely than
they did IN either of the two proceeding
years, and since September l northern
mills have taken 697 49S bales, as against
Az 40 bales in the corresponding per
iod last year, and 55l, 903 bales in 1892.
There has been fair trade and a slight
hardening of prices in print cloths.
There has been a steady, fair business
in wool, without material change in
domestic prices, but values of merino
woods at the London auctions have de-
clned to = per cent, and this has
had a tendency to weaken confidence in |
the market for fine American feeces.
Consumption Of wool is increasing
Mills are being taxed to their utmost |
capacity to meet demands for prompt |
del veries of spring goods, and while the
season for heavy weights for 1898 will |
not open fer some weeks yet, there Is
growing confidence in the prospect for a |
good trade in domestic makes. The |
cancellation of some recent orders for |
foreign wooens and the substitution of
orders for domestic goods, noted this |
week by the American Wool Reporter.
are substantial evidences of the drift of
trade preferences at ruling prices. The
iron and steel trade is seasonably quiet, |
but the outlook is steadily improving. |
The great increase in production during
the last few months has been fully alb
sorbed, available stocks are light. and all
indications point to an active trade
early in the new year.
Aside from the facts TINT Northwes
tern wheat receipts have continued lib
eral and that visible stocks have in
creased, the news" bearing upon the
wheat situation and market prospects
has been favorable to higher prices,
This tendency, however, has been ar
rested by speculative realizatlons at the
recent advance; and this liquidation, II
market from which the short interest
has been largely eliminated by the pre-
viogs rise in prices, has caused decline
of , cents per bushel. Export demand
has beer fair, but the cheapening of
wheat has been in part offset by bar
dening Ct ocean frei = hit rates. The Rus
sian wheat crop is reported to be 49,
600 900 bushels less than that of last
year, and the Argentine production is
estimated to be no larger than that of
the previous year, if as large. The Gin
ciunati Price Current estimates that in.
visible stocks IN this country are $4,000
coo bushels smaller than they were
ranr 400 larnalY as a result Of MheAt