The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1895-06-20
DTN'S TRADE REVIEW.
Whether Business Improves No
Longer a Question.
REPORTS EXTREMELY FAVORABLE
Most Potent Influence the Receipt of Bet
ter Advices Regarding Growing Crops.
The Monetary Condition Also HeIps-Ths
Iron nsituation-Business Failures.

NEW YORK, June 1j.-R. G.. Dun 81
Eo.'s Weekly Review of Trade issued
1oday says: 1t is no longer a question
whether business improves. Not for
ling time have our reports from all
parts of the country been so uniformly
favorable. The daily average of bank
clearings in June is 24.S per cent larger
than last year, though ll.4 per cent Less
than in 1892. The most potent influ.
ence has been the receipt of more favor
able advices regarding growing crops.
LObor troubles are getting out of the
way, wages in many establishments are
rising and with the iron industry just
now leading, there is general improve.
ment in manufactures. Monetary con
dition also helps. The time draws near
when, with good crops, exports will
bring gold hither, and though foreign
operations in stocks and bonds have
been insignificant this week, the effect
Of previous transactions have not been
exhausted. Much diminished receipts
Of money from the interior indicate
| better employment in business, espe.
| cially at the west, and the volume of
commercial loans steadily rise ana is
! lON ldll lOI llll5 OtSoOl tNCll III u EOOAl
! year.
Western receipts for two weeks of
June were 3,ll6,6S0 bushels of wheat
against 3,00l ,202 last year, while At
lantic exports, -four included, were only
| 1864, ,S47 bushels against 1850, 221 last
year. Effects of the rise IN prices were
seen in the official report of May eX-
ports, showing n decrease of 900, 600
| bushels from Atlantic, but an increase
| of 100000 from Pacific in exports.
! The price was reduced 2 . cents in trad
ing. Corn also declined about cent
with better reports of growth.
The output of pig iron June was
but a trihe larger than May /, 157, ,224
| tons against 1866 month ago, and
! l74,022 a year ago. Stocks unsold were
reduced in May, 96.597 tons by stoppage
of many Mahoning, Shenango, Illinois
and Virginia furnaces which after
ward resumed. The advance in prices
continues. Bessemer pig reaching
! Sl2,4O and grey forge $l0.65 at Pitts.
burg and changes in all iron products
show an advance of 81 per cent this
month and 1873 per cent from tie low
est point in February. For this con-
servative industry the rise of 26 per
cent in Bessemer iron seems large but
it compares with 30 per cent in cotton,
53 per cent in wheat, 60 to 20 per cent
in leather, so per cent in refined oil and
over 100 per cent in hides. All these
products were at the lowest prices ever
known and remarkable gains were
be expected when any came, but with
each, consumption has yet to justify
advances.
The anthracite coal trade does not
maintain the improvement recently re-
ported, and With over production, bad
faith being charged again, the price
has declined 20 cents. The coke
producers about Connellsville have not
yet made open declaration of their
new compact, but contracts are being
made at $l.35 for the last half year
with provision for advance if wages
rise.
Failures during the past week have
been PAL in the United States, against
232 last year, and "a in Canada, against
40 last year.