Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-09-21

! ern CLUES. EApoTIs vi
from New York in two weeks have been
s3.O65,S76 smaller than for the cor
responding period last year, and i'm
ports have continued to show slight
comparative gain. Foreign purchases
in the share markets, which reflect the
effect of restored confidence in the com.
mercial and financial outlook, and bills
against future cotton shipments, have
caused decline in the exchange mar
ket almost to the gold importing point,
and some bankers anticipate an inflow of
the yellow metal during the ensuing
month. Blu mess failures in the United
States and Canada during the past week
numbered 262, as against 1888 for the
corresponding week last year Accord
ing to returns to r. G. Dunn & Co.,
the aggregate liabilities of August
failures we're So AT, of which So
1880 we're in manufacturing and
$5078, 1873 in trading concerns.
Cotton prices have declined l-l6 of a
cent. as result of an increasing crop
movement and continued cautious buy
ing by home spinners. The Financial
Chronicles annual review OF the cotton
trade show that the total production
last year was 1921 bales, an in
crease of $4,000 bales over the yield of
the previous year. The cotton goods
trade has maintained the recent i'm
provement. Demand For all descrip-
tions has been more active, stocks In
first hands have been much reduced and
fractional price advances have been real
lied on some makes, particularly of low
grade goods, the ma ket for VIII CHI has
been strengthened by the recent rise in
prices of print cloths. The wool trade
has been comparatively quiet, IN spite of
the increased consumptive requirements
of the mills Manufac urers have been
able to get along with less frequent re-
course to new purchases, because most
of them bought Ian gely i'll August and
many have been temporarily supplied by
free Withdrawals of imported woods pre-
viously held in bond Another cause of
restricted new business in wool is the
natural tendency to proceed cautiously
fn,, 10
with the relative value OF foreign woods,
to which they now hav- free access,
and also until the course of the foreign
market can be more definitely deter.
mined by the colonial wool auctions,
which will open in London on the 18th
instant. Ia the woulen goods trade
larger orders have been booked for the
fine spring fabrics; and there bias been
rather less activity in lower grades, as a
natural sequence Of the prt vious large
business. The production of many
mills is now we'll under contract up to
the period when the change in the
duties will go into effect. Business in
iron nd steel is of good volumn for near
delivery and consumption is steadily in
creasing; but the larger output pre-
vents any recovery in prices.
Wheat prices show little net change
for the week. The interior movement
has continued of good volume, in com
parison with that OF last season; and.
while there has been a moderate foreign
demand, it has not been sufficiently ur-
| gent to give an upward impulse to val
ues All the evidences at hand tend to
confirm recently enlarged estimates OF
the domestic production; and the larger
yield of European crops indicats that
exports requirements from the United
States will not be so large as they were
last year. The smaller outward move
ment and increased available supply will
necessarily admit of a larger consump-
tion of wheat for animal food 1t is this
view Of the supply situation which oper-
ates to modify bullsh anticipations of
the effect upon wheat prices of the
steadily-in2reasing use of wheat for cat
tie and hog feeding, although it would
appear reasonable to expect that this
feeding movement, if it should extend,
will eventually have more stimulat-
ing influence upon the markets.
Prices of far future deliveries of corn
! have advanced about two cents mar