Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1895-05-11
THE TRADE REVIVAL.
Many Lines of Business Manifest an
Improvements.


New York, May G.-R. G.. Dun &
Co. s review of trade tomorrow will
say:
Business begins in May i'll better con-
breakdown i'll May, 1898. Smaller in
volume than then, it is not shrinking
but charging. The chief obstacle to a
more complete recovery is the anxiety
of many to pluck the fruit before it is
ripe. Holders of some staples have
lifted them so far as to prevent their
marketing; consumption of materials
III some branches is checked by ad-
vances which cannot be realized for
finished products; workers in some in
dustries are demanding wages that can
not be paid out of any business. In
spite OF labor troubles the outlook
brightens The money markets con-
tinue healthy, and with heavy sales of
railway bonds abroad, the deficiency in
public revenue, IS, TAP, $40 in April
causes no apprehension. Demands for
full restoration of wages to the level of
1892 have closed many wooden mills
and threaten to close others. The strike
which closed the iron furnaces at New
castle, Pa. ha just ended without sue
cess, but other strikes have stopped
numerous works about Pittsburg. The
PocahOntas coke-wOrkers are on strike,
and one is threatned by Alabama coal
miners
The speculative fever grows more
serious, as is natural when business
starts up with prices at extremely low
points, but by lifting wheat from 81 to
80 cents, Atlantic exports have been
checked and, flour included, have been
only ,672, 1877 bushels, against 3,017,-
O45 last year. The close was at IS 12
cents. Western receipts are now larger
than year ago, and except i'll parts of
some states, the promise for the next
yield is excellent A sale of 200, 900
tons by the Fair estate at San Fran
cisco, loading thirty ships for Europe,
will lessen other demands on Atlantic
supplies. Enormous transactions in
cotton have been followed by a decline
from 7 to 6. 81 cents, though peace in
China was represented as insuring
greatly increased demand.
The strike of the Newcastle, Pa,
furnaces, now over, stitfened Bessemer
pig so that $10.75 was quoted at Pitts
burg, and the closing OF the Wheeling
mill stiffened billets, while Southern
makers have nominally advanced their
price SO they have been made here
under $40 for No ,. Additional con-
tracts for structural work here and at
Chicago-sales Of 1000 rails at least
a better deamnd for wire and its prod
ucts, and for plates and sheets, are en-
couraging features this week. Wire
nails are a shade higher at SO cents,
and cut nails at 70 cents, by the car
load, are less demoralized. COnsump-
ton does not yet equal the capacity Of
the works, or the output OF pig, but
improves. Late in the week the import
ant strikes i'll the iron works about
Pittsburg threatened serious disturb
ance. Another heavy decrease of H.
667 tons in the output of coke makes
the shrinkage nearly 20 per cent for
two weeks, and furnaces offered at
$1.10. Anthracite agents agree to mine
only three days of the week, but prices
are unchanged. Window glass makers
have adopted a new scale for the two
low brackets at so cents higher than be-
fore.
The rise in the prices of cotton goods
continues. The wooden year ends with
the lowest prices yet known; 1O4 quo
tations by Coates Bros, average 13.47
cents against Is. 30 last year, and %. 70
two years ago. Large sales at such
prices are natural, and in April H.
900, 900 pounds domestic, and H. $685.
700 foreign, were sold at the three chief
markets, against 14,063,5 $50 domestic
and 1916, 400 foreign last year. The
demand for wooden goods does not i'm
prove, and many cancellations are re-
ceived, although sales OF wool indicate
large consumption.
The weeks failures are 231 in the
United States against 233 last year,
and "a in Canada against 80 last year
The Rainy Lake Gold Discoveries.
Quebec, May Ga gold fever unpre-
cedented in Canadian history is report
ed in what is known as the Rainy Lake
region of Ontario, in the wild and al
most inaccessible territory that is best
reached either from Port Arthur or
from the mining lands on the Mime
sofa side of the lake. There are now
probably $500 men in small district
where, with the exception of Indians,
not a man was to be found year ago.
u,l ,;norS ora ruShino in raDidly