Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-08-03
The Business $ tuatiOn.

less IdNOrdDle, beCdusS ph0 'APoi'" VI
gold have been resumed, and are $4,000
600 for he week, but treasury receipts
have been S2,O46, 391 for customs against
50, 951 ,574 last year, and 81, 174,553 IN
ternal revenue against S2,070,5l8 last
wear. The extraordinary payments to
anticipate the increase of taxation on
whisky are rapidly locking up large
amount of capital, and taking froul the
government part OF the expected increase
of revenue, while the current loss in Gus
toms receipts is largely due to the post
ponement of imports in expectation OF
lower duties hereafter. Thus the treas
ury has been gaining in balance. al
though at the expense Of some loss In
revenue hereafter. The railroads report
a heavy de- in earnings, $3.50 per
cent for July thus far, while the east
bound tonnage from Chicago last week
was only Alp against 50,257 last year.
The shrinkage in earnings is not fair
test, because a great quantity of traffic
is only deferred, while on the other hand
some important roads have declined to
make reports for July as yet. Stocks
have been a shade stronger during the
week, but average at the end only 10
cents per 500 higher, whie the aver
age for trust stocks is 63 cents lower,
these being influenced almost wholly by
VARYING phases of the news about action
at Washington.
Wheat has declined 3 cents for the
week. With railroads generally blocked
in the wheat delivering districts, it is a
satisfactory indication that the western
receipts are about thirds of last
years 2.271 ,514 bushels against 3,O28,-
379 a year ago, while the exports from
Atlantic ports are insignificant, only
672 4O2 bushels against 2,S6S,627 last
year. The enormous visible supplies
have less actual weight in the market
than the prevalent conviction that gov
eminent estimates of yield arc widely
erroneous. Corn has advanced a shade
with no satisfactory reason. for the pros
pect is excellent for large yield. A
great speculation in oats has begun to
liuuidate. Cotton has declined a frac.
ton. and all indications still point to a
material increase of yield. Although
there was an increase during the month
of June of nearly third in the weekly
production of pig iron, and the con-
sumption IN the manufacture was nearly
10000 tons per week greater than the
output of furnaces, it is questionable
whether any further improvement has
vet occurred in July. Many of the
western establishments we're stopped be-
cause the blockade of railroads cut off
their supplies of fuel, and have not yet
Pittsburg have been inactive because
the coke strike continues, and the lin
tied production scarcely sutfices for the
needs of works near at hand, Behind
all other embarrassment there Is a re-
mark able narrowness of demand for I'm
ished products. 10 all quarters there is
much disappointment because, after the
stoppage of work for months, there ap-
pears scarcely demand enough to keep
supplied the establishments now In OPP
Grafton, little more than half the pro-
ducing force in the country. In steel
rails the official statement shows deliv-
cries of only 100000 tons for the first
half Of 1894 against 81, 1854 tons for the
/ first half of last year. Prices of iron
and steel have not materially changed
but are a little sitter for Bessemer iron
and its products.
1t is not surprising that the textile
manufactures are retarded by uncertain
ties about the tariff, and this week that
difficulty has been felt in spite Of a con-
siderable increase in orders for goods,
which has materially diminished the
number of concerns stopping work. Yet
the number closing is quite large, and
the reduction in output of cotton goods
has been considerable, VIII lie prices of
bleached goods have been reduced to
the lowest ever known, and print cloths
have been selling quite largely at 2.62
can1s The sitnntion in WOODEN goods is