Herald and news. [volume] (West Randolph, Vt.) 1878-1943, 1894-03-29
DURS REVIEW OF THE WEEK.

II is perpleXing to be Obliged 10 re
port that business grows larger in vol
ume and at the same time not mor
profitable ncertainty does moi di
Ininish, but has rather increased, il
the Judgment of many commercial
bodies which have urged the President
to veto the seigniorage bill. Prices OF
commodities do not rise, but are on
the whole about I.I5 per cent lower
than last week, though then the low
est ever known in this country, and are
1873 per cent lower than "A year ago.
No more gold has gone abroad, and
stocks average only 3 cents per 500
higher for railroads than last week.
and exactly the same for trust stocks,
f but some foreign purchases and the
Intervention Of holiday explains the
stcadinc>s More mills are at work.
though the proportion of productive
/ force unemployed Is still from a fifth
10 a third in different branches of in
dustry. and many mills are stopping
because their orders have run out, even
while a larger number are starting
with orders fora time. The prospect of
getting constant or remunerative em-
ployment for works and hands does
not change. The fact that orders
keep only part of the force at work,
while both prices and wages tend
downward, though spring is near at
hand, renders present business less
profitable and the future less promis-
ing.
Textile industries are answering the
growing demand for replenishment Of
stocks with what may be called hand
to-mouth production. Mills getting
orders enough start, and Others, which
have filed orders in sight, stop with
out trusting to future trade. The de-
mand for cotton goods Is fairly large,
but with reduction in prices of some
grades. and tie sumuiation OF print
cloths continues. \ large auction sale
Of silks brought fairly satisfactory
prices. Sales of wool for three weeks
have exceeded last years 23.9 per cent,
though transactions This month last
year were about 10 per cent below the /
average. There Is more demand for
such wool as is needed in manufacture /
of underwear, dres, goods, and worst
ed suitings. but fine tleeces are almost /
Ohio NX being quoted at
22ccnts. and carpet manufacturers buy I
sparingly. though about half their
i, active.
Wheat, cotton and pork have de-
clined little, wheat making another /
record shade below 60 cents at New 4
York. Western receipts are ,59s,379 /
bushels against 9,j45.709 last ycarand .
exports only l.0l3.209 bushels against .
/ ,295, ,s94 last year, showing that even /
at current prices the grain is not large (
" wanted abroad. Corn was cent .
stronger with Western receipts 2,s7l,- I
COS bushels against 1913, 1922 last year.
Cattle are low abroad almost beyond .
precedent, 50 that exports are retard-
ed. Some hope of cheaper coal is en-
couraged by a reduction of rates on
the Lehigh road to 40 per cent of the
price i'm New York harbor.
Failures for the week ending March
10 involved Liabilities of only S2,52s,-
SIS, and for two weeks of March. only
81 .s35. .ll9. of which -. $50, ,2j7 were
of manufacturing, and S2,446, ,069 of
trading concerns. Some deferred re-
ports will further swell the aggregate,
but at San Francisco the assumptions
reported now exceed the failures. 4
number OF railroad receiverships are
noticed, though none Of importance.
The failures this week number 244 in
the United States. against 2lI last
year, and 30 in Canada. against 26
last year. Ii Is noteworthy that Ca
madam failures are considerbly in-
'reasing.