The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1895-06-06
OUN'Y REVIEW.

Advance in Wheat and Cotton Specially
Notable-Other Cha ages Are Almost All
Favorable.
New YORK, June 1.-R. G. Dun 4
Co. IS weekly review of trade says:
more farreaching than any other
change during the past week, If really
warranted by facts, is the continued
rise in the prices of wheat and cotton.
Real scarcity of either would affect all
business. Happily there is still room
to hope that accounts of injury are
greatly exaggerated, although there
has been some evidence during the
week that both the great crops have
suffered more than at first appeared.
Other changes are almost all favor
able, and some highly encourage
ing. Labor troubles are clearly
less threatening. Monetary conditions
are satisfactory and the substantial in
crease in the commercial demand is
good sign. Exchanges through the
clearing houses have been greatly in
flated by speculation, and at this time
last year were cut down by the coal
strike, and toward the end of May,
1893, greatly reduced by bank failures.
years by 10 per cent, and fall only Sc
per cent. below those of 1893, while
the daily average for May is 26.9 per
cent. larger than last year, but IL per
cent. less than in 1893.
''Stock speculation has shrunk to
less than half its volume three weeks
ago, and is almost wholly confined to
professionals, in spite of better earn
ings. The aggregate for May is 6. 8
per cent. less than last year, but 13. 8
per cent less than in 1893, causes above
mentioned affecting the comparison
with both years.
London has done scarcely anything,
though still taking bonds enough to pre-
vent disturbances of exchange. The de-
cline in railroad stocks averages but A
cents per share, and grain carrying
roads are supported with such tenacity
as to show that railroad managers and
owners have very small faith in re.
! ports of injury to grain.
wheat. on the other hand, is largely
/ supported by public buying, and the
purchasing orders from farming re-
gions are supposed to indicate an opin
ion Of the yield. Yet wheat comes for.
ward freely, as it would not at curren,
! prices if short crop were assured
and western receipts for the month
have been 5,944,574 bushels, against
5,525.25s bushels last year. Nor do At
lantic exports reflect Increased haste tc
buy abroad, amounting in four weeks
-four included, to 6.1S5, 400 bushels
against Z, GIG. 100 bushels last year. Ac
counts still indicate that spring wheat
was not injured, and promises we'll in
spite of some reports. but in few oi
the winter wheat states the yield ha!
been cut down, how much can not ye'
be judged. 'fhe sales of the great stocl
held by the Fair estate at San Fran
cisco will lessen the European demand
upon Atlantic stocks
Cotton continues strong, because Il
is believed there will be much reduc
tion in yield per acre, as we'll as i,
acreage.
Failures for three weeks of Ma,
have shown liabilities amounting t
s7,455,244, of which SO, 642,6o9 were O
manufacturing and S4,?3O,635 of trad
ing concerns. For the same weeks las
year the liabilities amounted to $7,7s2,
633, of which SO, $50. s12 were of manu-
featuring and SO, 275 of trading con
, Germs.
1.-THE failures during the past weel
have been 2l5 in the United States
against 1873 last year, and "a in Canada
against OF last year,