The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1895-05-24
BUSINESS OUTLOOK.
Continued Improvement In Trade
Is Reported.
The Cold Snap Did But Little Damage to
Crops - Foreign Trade shows -
Heavy Decrezse-Prices of
Staples Advance.
New YORK, May is.-R. G.. Dun &

New YORK, May is.-R. G.. Dun &
Co. S weekly review OF trade says:
The severe cold snap, with extensive frosts
and In some states snow. has fortunately done
little damage To the great crops though much
to fruit. but has greatly retarded retail trade.
The best news OF the week is the advance OF 10
per cent in wages by the Carnegie works. fol-
lowed by the Jones' Nc Laughlin establish
ment, and evidently implying a similar adj
vance in many other concerns. The Illinois
Steel company Is starting It's furnaces without
granting the demands of employees No
advance has been found practicable
in the wooden mills. where conditions
as to prices and foreign competition
are veFy different. and about 10000 workers
are still idle at Olneyville, where the works
should produce 600OO0 pounds per week. In
other departments OF labor, troubles not
serious, and the demand for manufactured
products increases. The volume OF domestic
business measured by railroad earnings for the
first week OF May is AZ per cent. larger than
last year, and measured by bank exchanges
outside New York is only 10 per cent larger
than last year, and for the month the daily
average Is Ito per cent less tndn IN 1898 IL is
but fair To note that business broke down and
exchanges fell be.ow tn normal average about
this time two years ago.
Frost Did Lutte Damage to Crops.
with material and steady enlargement in
domestic trade, there is still great want OF
employment In the interior for money which
comes hither, s3500,000 during the past week,
and with the millions distributed by the syn
dictate on bond account stimulates specula-
ton Accordingly, wheat has risen cents al
though the reports OF injury by frost do not
appear upon sitting to concern any consider
able proportion VI the growing grain. With
only six weeks OF crop year left, the stocks in
sight indicate a heavy surplus, IL not large
as some western statistcians estimate
Corn and Cotton.
Corn has advaSced only NC, though appar-
emily injured more than wheat, but the
acreage gives promise OF a yield OF 100000
000O00 bushels
Cotton is an eighth stronger, In spite of the
fact that 9,471.07l bales had come into sight
last Friday. which is over four hundred thou
sand bales more than the largest crop ever re-
corded.
The Wool Market.
SALES OF wool continue remarkably heavy
for the past week at the three chief markets
The markets are quiet almost unprecedented
apathy for the season prevailing but because
stocks of foreign woods held here remark
ably large and offered at prices relatively
lower than those demanded by western grow
ers
Foreign Trade.
Foreign trade for the week shows heavy
decrease, 80 per cent. compared with last year
in exports, and the decrease in May thus far Is
about 20 per cent. On the other hand, the inn
ports for May increase less than per cent.
la consequence the government revenue has
materially deere lsed. the excess OF expendi-
lures over receipts for the month thus far be-
ing -. 552 e77.
Failures for the Week.
Failures during the past week have been
2ll, in the United States against 2l9 last year
and 81 In Canada against a last year.