Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-06-16
DuN'S COMMERCIAL REVIEW.
The Great Strike the Principal Factor II
the Causes Affecting Business unfavor
ably.

The Great Strike the Principal Factor In
the Causes Affecting Business unfavor-
ably.
New YORK. June 9.-R. &. Dim e
Co. S weekly review of trade issued to-
day says:
The outlook for business seems little bet
ter on the whole, though the improvement is
not great. Moreover, it is impossible to dis
tinguish heowcen mere displacement of orders
Cancelled for want of fuel or other causes and
the new business for which works are anXously
looking. That cancellations have been heavy
Is certain, and it is not entirely clear that Or
ders of equal magnitude have gone to other
works that are able to fill them. The strikes
have not ended, through there are renewed re-
ports that at least partial settlement is near.
Troops are now under arms in belt Of
states reaching all the way from the
Atlpntic TO The Mississippi and in sew
cral Statcs Of the far west, and the
interruption OF industry and commerce in
crcascs every week. Hence it is somewhat en-
couraging that the decrease in payments
through cearinghouseS is but 2i3 per cent. for
the first week Of June-27.2 at New York, but
only 1914 elsewhere. The decrease in com.
parison with 1872 Is about 30 per cent. Rail-
road tonnage is larger than a year ago in liy.
stock and moderate In cereals, but considera-
bly, smaller in coal and iron products and in
other manufactured goods west-bound.
Earnings of railroads indicate that compete
tion for the Scanty tranlc results in low rates.
On all roads thus far reporting for May the de 4.
crease is 20 per cent; ON the trunk lines IA
per cent, and on the oranges roads 1862 per
cent
"a
higher prices and wheat has risen ! cents.
with an otiicial state report Of injury in Kan
sas, which is high-favorcd enough even for
farmers alliances. The actual receipts at
western ports have been 1,4l7,0l9 bushels,
against 2.3is, ,tgl last year, and the Atlantic ex-
ports only 9li,3s bushels, against 1858 955 last
year.
Corn rose "a cents. partly in sympathy, but
with more substantial accounts of injury, the
western receipts having been 1906 45g bushels,
against 35i5,!9l last year. Pork products and
coffee are unchanged, and cotton is steady at
49, with slender receipts in spite OF the de-
cline in exports, and visible stocks here and in
Europe amounting 10 2.135. M bales. against
277i,C07 last year, more than enough to supply
the world requirements for -four months, Ac-
cording 10 the estimate of the Financial Chron-
icle the acreage this year increases $4,000 or
3.O7 per cent, including larger crop with vari-
able weather.
With only 1897 coke ovens working and A.
576 idle. with the Cambria discharging half its
force and seven out of nine Of the Carnegie
furnaces at Bessemer out of blast, the produce
tion and manufacture of iron and steel Is
smaller than at any other time for years.
While 1t is believed that deferred work will
cause heavy production after the strike ter
inmates, the demand for products is at pres
ent much below general expectations even at
the east.
Eastern shipments Of boots and shoes con-
tinuc larger than year ago, but orders are in
adequate except for the medium and cheaper
grades.
Exports OF gold continue, ~, ,l50 900 having
gone this week. and the treasury gold reserve
is now reduced to about 80, 100000. The banks
here continue TO receive from the interior
about as much money as they lose by gold cX-
ports, though the clop-moving seasorls close
at hand. Customs receipts are again 36 per
cent less than year ago, and internal revenue
g per cent. less for the week. Exports OF do.
nestle products have been exceeding las,
years little.
The number OF failures reported last week is
sl6 in the Clited States against 81 last year
and in Canada 10. against - last year, The H.
abilities in all failures reported in the month
Of May were Sl33O 357; about n, 40 900 at thu
east Si.o0D0N at the south, and s3,i0o 900 at the
west