Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-08-31
Tho Rnsiness situation.

/ The new SITUATION III Uhe Sle'''
but the gradual recovery which has APP
peared for some time is seen in a better
demand for products. Speculation IN
wool has been stopped, and the sales
which have been G,929,75O onnds for
the week. and l4,553, $50 for two weeks
of August, against 1897, 400 last year
and Is. 3s5. 400 in 1892, naturally dimin-
ished on Wednesday and Thursday as
it is expected that the recent advance
may be lost though no charge yet APP
pears. As wooden manufacture has the
old duties, with free wool until January
|, orders are expe tied to be governed by
the consuming p,wer OF the people,
with the accumulated business so long
deferred. and while recent trade has been
enough to crowd the mills at work on
some spe3iaties, 1t has been far short OF
the capacity of all the works in the
country. Makers will be pressed within
the next week TO put prices on spring
goods, of which few lines are opening.
Resumption by iron and steel works
which was stopped by the strikes con
tinues to depress prices of some finished
products, but with more furnaces oper-
ating prices of zig iron are not lower.
Comparisons given today show fall in
prices ranging rom 20 to A per cent.
in iron and it's products since October
1890, which sufficiently accounts for the
idleness or more than third of the
works. The demand for structural
forms seems smaller, does not increase
for railroad uses, though traffic improves,
but for some other products Is better.
The boot and shoe industry leads all
others in recovery from depression, aud
shipments from Boston for two weeks
are AZ per cent. larger than last year.
Speculation IN corn has been active,
the price falling cents, rising 81, and
falling 2, with varying reports of INJURY
which in some of the great states is I'M
d1ubtedlv severe. While western re-
ceipts in two weeks have been only
2,426,57S bushels, against 1878, l03 last
year, the high price explains exports of
only 541, 685 bushels against 3,O3l 1903
in the same weeks last year. Pork has
advanced 80 cents, and lard 80 cents per
100 pounds, with justification in the in
Jury to corn. Wheat is about l cent
lower, Western receipts being very heavy,
for two weeks 106S0, AIS bushels, against
$40, 58l last year, and it ID claimed
that Minnesota and the two Dakotas
will yield $4,000. 600 bushels, tn. Sec
ond largest yield in their history. At
lantic exports are small, in two weeks
2679,45G bushels wheat against $685.
56S last year. Cotton has advanced a
sixteenth, without worse prospects. The
valLe of cotton exported in July was
50, 492 600, or 40 per cent less than last
year, and the value of breadstutfs was
8,138, 593, against $40 ,4l6,26O, or So
per cent less.
Unless exports increase 8 eedlIy and
largely, the financial situation may grow
difficult. In July imports exceeded ex-
ports $12, 537914, mainly because of
the heavy sugar movement. With low
or duties the arrival of merchandise to
meet the long delayed demand will be
large, while even phenomenally low
prices do not take out products freely at
present. In July $3.50! 900 gold went
abroad to balance lmpor tations of goods,
but the outgo has ceased, net because
exports materially enlarge. Stocks have
been stronger, railroads $l.29 per share,
and trusts SLIP per share. Earnings
in August are about as large as last year
in the height of the panic, but l6.O per
per cent. less than the year before. The
westward movement of merchandise is
decidedly larger, but the cutting of
eastbound rates and the disclosures in
Atchieon do not increase confidence of
domestic or foreign investors. Com
pairing with last year, when business
was at its worst, clearings show an in
crease of ga per cent, though in CON-
parison with the same week in 1892 the
decrease is Il q per cent. The striking
feature Of the week is the strong increase
in demand for commercial loans, de-