The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1895-06-08
TIDE RISING
The Trade Outlook Continues It's Very
Rapid Improvement.
GREAT DEMAND FOR MONEY.
The Ups and Downs of Wheat Prices-The
Cotton Mills Are Doing Well, With
Satisfactory Orders Ahead-The
Failures of the Week.

New York, June 7-R. G. Dun & Cos
weekly review Of trade says The tide of
business is rising, even as it was falling
just two years ago, with surprising rapid
ity. The gain has gone so far and so fast
in some branches that the more conserva-
tive fear It may not be maintained. But
the period of dullness which comes in each
market after an unusual rise brings as yet
nothing like a corresponding decline In
dustries gain much, halt or fall back lit
tie and then gain once more The de-
mand for consumption steadily Increases
as the employment and wages of the peo-
pie increase Demand for money expands,
one bank reporting 20 per cent larger dis
counts for the country and another 23 per
cent more commercial loans than a year
ago, and all but two report some gain.
One serious question remains, whether the
crops will be full enough TO sustain large
business But the worst reports today are
better by far than the estimates recently
current
Wheat rose cents, fell back with real
lzing, and has again risen 3, with western
estimates of crop so, 600, 600 bushels
smaller than last year 1t is pertinent to
remember that official and most unofficial
reports down to a late period last fall put
the yield about so, 000 900 bushels lower
than it is now known to have been. There
is neither holding back by farmers nor
anxious haste in purchasing by foreigners,
to support belief in scarcity. Corn closes
/ cent higher, and pork has risen 20 cents
per barrel, though lard has fallen 20 cents
per 100 pounds
Cotton declined an eighth with better
weather at the south but excitement and
prices rose again with the report of only
II 1.6 per cent decrease in acreage. Much
greater decrease had been called certain,
but condition is reported less favorable
than last year. With a tenth smaller yield
per acre, and acreage 1l.6 per cent less
than last year, the yield would still exceed
1900 900 bales, which, with heavy stocks
carried over, would forbid the idea Of fam
Inc. But late crop is the more exposed to
injury. June began with 8, 553, 1898 bales
already in sight, and 3, 302, $50 American
remaining in commercial stocks, while
European spinners held May over l, 000,
! 900 bales, according to Ellison.
Cotton and Knit Goods.
Cotton mills are doing well, with very
satisfactory orders already for prominent
lines, and the market is strong, with COCA
sional further advances In knit goods
| there is also some improvement and high
or prices for yarn, though Soes have been
out in some kinds of hosiery. The effort
to end the Olneyville strike was not
wholly successful, and in few other wool
en- mills strikes have occurred, but the de-
mand for goods looks better, and a fair
start has been made in recorders for fall
goods.
Iron pushes upward like the great build
Ings into which SO much of it goes, and
the advance in finished products has be-
come general OF structural steel 10, 600
tons were turned out in May by the Home
stead works, breaking the record, and
prices rise to l.. cents for beams and 1.2
for angles. The eastern bar association
has raised the price Of refined iron to 1. l
cents, and the Amalgamated association
demands of Pittsburg and western max
ers a change of wages with IL cents as
the basis. Coke producers are said to have
substantially agreed upon sales by an
agency and allotment Of output and an
advance in price to 81. 90 or higher.
In exchanges, the gain over last year Is
81 per cent, though the decrease compared
with lS92-the latest year of full business
after Mays 81 per cent. Railroad earn
ings for May are T. per cent larger than
last year, a better gain than in any pre-
vious month, but the decrease from 1898
! is 49, 9 per cent and on substantially the
same roads was 1915 for April, 1919 for
March and 15.4 for February, curiously
uniform decrease
Failures for the week have been 1876 in
the United States, against 2l6 last year,
and 90 in Canada, against 40 last year.