Rock Island Argus. (Rock Island, Ill.) 1893-1920, 1894-06-11
BUSINESS NOTES
Picked Up During the Week by
Bradstreets.
UNFAvoRABLE CONDITIONS ENDURE

Improvements Being Only OF Local I'm
portance-Retail Trade Restricted by
Various Cniavorable Circumstances -
Striking Advance in Prices of Cereals
Figures on the Stocks OF Wheat-More
Cotton Than wanted-The Failures.
NEW YORK, June 1l.-Bradstreet's says:
Nearly all the unfavorable business condi-
tons of the last three weeks continue to
exercise an influence. The few exceptions
where Improvement is noted are of practi-
cally local Importance. Retail trade at
many centers has been interfered with
by unfavorable weather and by further
restriction of the purchasing power of
thousands of wage earners, by further in
dustrial trouble, or by shrnkage in pro-
duction. Business failures do not increase
materially in number or Importance, the
total being 2Os compared with 1s3 last
week, 1913 in the week n year ago (when
the commercial and financial disturbance
was beginning to make itself felt, and 163
in the week two years ago. The see-saw
prices tip in the opposite direction this
week. most strikingly in cereals, oats
having advanced 5l.c, wheat 355sc, and
bushcl ut the west, bar iron and pig iron
are up sharply at st. Louis. and live stock
at Kansas City. Lard is fractionally
higher. Conspicuous decreases in prices
Of staples reported are in leather and
wool. due to heavy receipts of new crop.
Coffee is off &c.
Cotton in Excess o: Demand.
At larger eastern centers there is no
III N q in, al 1NpG
England cotton mills continue to produce
in excess Of demands. Southern and
Rhode Island wooden mills are shutting
down for want OF fuel rs well as orders.
Philadelphia lobbers in dry goods report
better spot demand and the petroleum
market there is more active, but Balti-
more lobbcrS III clothing as well as in
some other lines have not sent out drum
nIers Is formerly. Among southern cities
covered Richmond, Savannah, Jackson
Vile, and Augusta report the more
favorable conditions. At the first there is
better demand for groceries and provi.
sions, for agricultural implements, and
leaf tobacco, which is quite active. East.
ern Florida vegetable regions report con.
tinued Improvement in prices and stimu.
lation among meI chants, while at Georgia
centers the volume of business is fair in
most lines AID improved in one or two.
In the Western States.
| Elsewhere south dizziness. slow collec.
| tions and surplus funds in bank charac
terize business conditions. There is lit.
tie far reaching attending evidence of i'm.
| provement reported from the west. a,
| Louisville there is more demand foi
I groceries, and the leaf tobacco market is
quite active and business being reported
There is more doing among jobbers in
hardware ut Chicago, although interior
merchants tributary TO that market have
not begun TO buy in advance of actual
needs, and, on the other hand. the spread
OF the coal strike Is checking business
there. Available wheat, United State:
and Canada, afioat for and in Europe, de
creased more than 100000 bushels las,
month. against an average decrease in
months Of May IL five preceding years Of
| 5,oo0, 600 bushels. Five months decrease
of domestic and Canadian wheat stocks
1894. is high average compa red with like
portions OF five preceding years.
Accumulation OF Wheat.
Notwithstanding these exhibits Brad
streets returns point to an accumulation
in the United States and Canaua of So
oD0,000 bushels of wheat June /, only S,
| 10000 less than June l year ago, and
| twice or three times as much as was SC
held June l in several preceding years
Exports of wheat. United States and Can
ada, both coasts, week ending June Z
equal 2,,i2 900 bushels, against 2,4O0,0 ol
bushels in the preceding week, 3,6lO0O(
bushels in the week year ago aand 3, $50,
900 bushels ia the like week of 1S92. Spe.
ciai kilograms from leading trade center.
throughout the Canadian dominion have
| continued to grow somewhat more I'M
favorable. The number of business fail.
ures in the Dominion this week is 81
against 81 last week, - in the week a
year ago, and "a in the week the year be-
| fore that