Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-08-11
OUN'S COMMERCIAL REVIEW.

CON . SOmMGHSiAG HCViCWs
Important Business Changes Near at Hand
An Early Agreement on the Tarin Ex-
pected to Set Many Wheels In Motion
The Crops and Movement of Grain-Im-
ports and ExpOrts-The Continued Outgo
of Gold.
NEW York. Aug. 4.-R. g. Dun &
Co. S weekly review Of trade, issued to-
day, says:
An important change in the state Of
business is near at hand, congress will
not act on the tariff question one way
or the other in all probability, within
week, In either case the definite
basis for future business will enable
many to act who are now waiting.
The injury to crops by hot winds and
drought, If AS great as some report,
will affect all interests, but at this sea-
son it is never easy to distinguish be-
tween local and general damage.
After making a new low record
at SAX, wheat advanced X
cents and corn NJ cents. The
receipts of wheat were 6,io0,254
bushels, against 4,0O2, COG last year,
which does not encourage notions Of a
short yield. and exports were only
l,599, 500 bushels from Atlantic ports
against 3,185, 464 last year. Corn ex-
ports were only lls.43S bushels against
500, 7s1 last year. and receipts 1867
643, against 2,5S2, ,9T6; but it seems un-
deniable that the crop has sustained
considerable injury Cotton declined
an eighth with commercial estimates
of yield exceeding $500, 900 bales.
After tariff uncertainties have var
ished it will be recognized that pur-
chases and orders for the coming year
will depend largely upon the crops.
But at present the prospect of deci-
sion in congress, and the common I'M
preston that the pending bill may fall
between the two houses. has stimu-
lated some activity in textiles. Sales
of wool were s,52a,OO0 pounds, against
S.742, ,O50 last year and 1896. 400 the year
before, and for five weeks ending with
July were 3O,ss2,725 pounds. against
II, 4,43s.95O last year and 3s,5S6,7 $50 in
1892. 1t seems that large part of the
sales this week were to fill orders
| actually booked. and the rush of be-
lated clothiers and dealers to get goods
for the fall trade gives most manufac-
turers more than they can do for a
month or two, though there seems to
be no demand whatever for spring
| goods, and manufacturers are making
no effort to get orders. Wool has been
advanced for many kinds 1 cent and
the average about half cent. after the
decline of - cents for May.
The movement of bleached cottons
has been checked by the restoration of
prices. as it was stimulated by the
temporary reduction to the lowest point
on record, and the print cloth manu-
facturers at Fall River are seriously
considering reduction of wages. the
stock there and at Providence being
1,1s5. 200 pieces. while the lowest price
ever known, . GIG cents for 64s has
been made at Providence. AS strike
would help the price OF the large stock
on hand, one is not improbable.
| Recovery in iron manufacture is
hindered by greater trouble in the
coke regions where many of the new
colored hands have qnit and gone back
to the south and the strikers have de.
cided to continue the struggle.
Somewhat better business appears
at Philadelphia but the market is
dull. There is no improvement in
quantities of manufactured forms re-
quired at Pittsburgh or the west, and
in general the demand for finished
products is disappointing. Prices re-
main unchanged, though with numer-
Gus small contracts for structural
work: beams are shade stronger,
while Bessemer iron. bar iron and wire
nails are shade weaker.
The demand crowds all works pro.
ducing lowpriced shoes. while manu-
facturers of better grades are left de.
pendent upon slender daily orders to
keep their shops in operation. Ship
ments from Boston for the week are %
per cent. larger than last year, and for
July IL per cent, but a decrease as
compared with 1892 of / per cent.
Gold exports this week are about So,
100, 600 and the treasury gold reserve is
reduced to about $50 1000, 900. The
outgo is in part to pay large railroad
and other loans made year ago in
time of especial stress. The main fact
is that exports of domestic products in
July were nearly 20 per cent. less
than last year. while the inn
ports, though much diminished, for
the time by tariff uncertainties,
are but & per cent. less than
last year. There is every reason to ex-
pect heavier imports soon, while the
: markets do not give promise of a
strong foreign demand for the great ex'
portable staples. Money is now COM
ing into New York banks, though in
small amounts and the customary
heavy demand from the west has not
yet appeared, though the wheat move
ment is heavy. Commercial loans are
decidedly increasing, though not
; enough as yet to terminate the extraor-
dinary ease of the money market.
The volume of domestic business re-
fected by exchanges through clearing
houses is 22.6 per cent less than last
year, and 9s.s per cent. less than in
1892.
Commercial liabilities thus far re-
ported in failures during July amounted
to S9,Ol6,T7s, of which si,5O0, 800 were
of manufacturing and Si,23l, ,470 OF
trading concerns, and the decrease for
the month, though great in compar
ison with last year, is hardly as much
. as has been expected. The failure.
this week in the United States hav,
.. been 2l9, against 1876 last year, and 4
in Canada against "a last year.
GRASSHOPPERS IN CLOUDS.
| sfroy aA n