Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1894-06-14
TRADE REVIEW.
Tho Outlook for Business a Little
Better on the Whole.
WHEAT HAS RISEN FIVE CENTS.
Corn Higher Pork Products Unchanged
Production of Iron and steel small
Mills Closed for Lack of Fuel
-Busincss Failures.


NEW YORK, June Or. q. Dun's
Weekly Review of Trade says;
The outlook for business seems u little better
on the whole, though the improvement is not
great. Moreover, II il impossible to distinguish
between mere replacement Of orders cancelled
for want Of fuel and other causes and the new
business for which works are anxiously look
ing 1t is somewhat encouraging that the de-
crease In payments through clearing houses IL
but 2l.3 per cent. for the first week Of June,
g12at New York, but only lO4 elsewhere. Tho
decrease In comparison with 1872 Is about 20
per cent.
Railroad tonnage is larger than year ago In
live stock and moderate in cereals but con-
sidcrnbly smaller In coal and iron products md
In other manufactured goods westbound.
Speculation In products has turned toward
higher prices, and wheat has risen cents with
an oficial state report OF injury In Kansas,
which is high favored enough even for farm
crs' alliances. The actual receipts at western
ports have been La OK bushels, against 49,
Dl last year and the Atlantic exports only
giISlS bushels, against .253, gj5 last year. Corn
rose ga cents. partly In mere sympathy, but
with more substantial accounts Of injury, the
western receipts having been 2sd5, 450 bushels,
against 35i5.29i last year
Pork products and coffee are unchanged, and
cotton Is steady at 731 with slender receipts In
spite Of the decline In exports. and visible
stocks here and In Europe amounting to 2,53o,-
~ bales against 2,I7iGg7 last year, more than
enough to supply the worlds requirements for
four months. According to the estimate Of the
Financial Chronicle, the acreage this year in
creascs 100000, or 3E per cent, indicating
larger crop with favorable weather.
With only 1881 coke ovens working and IA
$40 idle, with the Cambria dischargng half its
force, and seven out Of nine Of the Carnegie
furnaces at Bessemer out Of blast, the produce
ton aud manufacture Of iron and steel IL
smaller than at any other time for years.
while II Is believed deferred work Will cause
heavy production after the strikes terminate,
the demand for products Is at present much
below general expectations even ut the east
Other indu>trie, have been less affected, but
many Of the textile mills even In New En-
gland have now been closed for lack OF fuel or
OF orders. beside other concerns In great num-
Der between the Atlantic and the Mississippi
river. report that the cotton mills have this
year produced within per cent. Of their full
capacity does not correspond with the known
takings OF spinncrs, but II true, indicates q
production far in advance OF the demand for
consumption. The market for goods II dull
and weak with further reduction In price and
with stocks accommodating.
Sales Of wool In the past flve weeks have
been l6,OI0,Igs pounds ut three chief markets
against le,slTOOO last year and 20 5vd.l 5O In the
same weeks OF lsI2 Manufacturers arc great
ly embarrassed by the scuntiness Of orders,
and II Is apprchcndcd that quantities Of goods
made abroad In expectation Of reduction in
duties before this time may be forced upon this
market.
The returns Of failures are still encouraging,
2iG In the United States for the week against
81 last year aud 20 in Canada. against "a last
year The liabilities In all failures reported in
the month Of May were tl3 3O5 AZ. about S5I.O-
| 90 ~ the east, Sl,5OOOJO ut the south and a.
10000 at the west. OF the aggregate ta,l O25
was Of manufacturing and sd6s3 40 OF trading
| concerns.