The evening bulletin. [volume] (Maysville, Ky.) 1887-1905, 1896-06-27
A WAITING ATTITUDE
Such a State of Affairs Exist in
the Business World.
MONETARY OUTLOOK NOT CLEAR

Many Mills and Factories Have Closed
Down For the Summer. Decidedly Good
Crop Prospects Reported From Every
where-Textile Manufacturers Curtail-
ing Production.
New YORK, June Pr. G.. Dun 81
Company's weekly review of trade says:
The monetary outlook is not yet clear to
some. The strength shown in recent
conventions by advocates of silver coin
age, and expectation that all the ele-
ments favoring that policy may yet be
concentrated, incline them to waiting
attitude. Their uncertainty retards inn
provement. But many mills have wait
ed as long as they can with safety, and
signatures have been given by enough
cotton mills of Fall River to insure q
temporary stoppage, it is stated, the ma
ture of which is now under discussion
in conference with the Providence man.
ufacturers. Meanwhile, the Pacific of
Lawrence and the Naumkeag of Salem
have closed for time, and practically
all the southern cotton mills will be rep
resented at meeting on Monday with
the same object
Wooden mills are acting without con-
cert, but ii are mentioned in dispatches
as having closed this week. There is no
similar movement in other industries,
though the period of summer closing is
at hand in many of them, and import
ant controversies as to wages of iron
puddlers and other hands make it likely
that the annual stoppage i'll that in
dustry may last longer than usual.
The weakness of wheat, which has
declined 2. 10 cents, and of cotton, which
is an eighth lower for spots, though less
for futures, have full explanation in de-
cidedly good crop prospects. Returns
of harvesting thus far support the best
estimates as to wheat, and the condition
of cotton has been decidedly improved
by rains. The closing of many mills
also threatens to cut off the demand be-
tween this date and Sept 1 by 10000 to
10000 bales, but i'll any event the stocks
OH hand are ample.
Wheat receipts at western ports have
been 2,696,6 92 bushels, against only
7,29l last year, and for three weeks
past 1851, 21S bushels, against 1891 ,00j
last year, and while Atlantic exports
have sharply increased, amounting to
1867 ,527 bushels, flour included, against
1913, 437 for three weeks of June last
year, there is no reason to doubt regard
ing the sufficiency of supplies The
hay crop has also been exceedingly good
at the west. 1t is not wholly welcome
but necessary conclusion that prices
for the great staples are not likely to be
higher.
The great combinations which, The
Iron Age wisely reasons, tend cause dis
astrously low prices hereafter, still con-
troll the markets both for material and
finished products of iron and steel,
though it is reported that lower prices
will soon be made for coke, owing to
better utilization of by-products, and
for nails owing to the heavy decrease III
consumption. The billet pool reports
no larger sale, but middlemen or out
siders continue to undersell it. The new
demand for finished products is very
light, and while quotations average
shade lower, most of them are cut to Sc
cure business. Bessemer pig is shade
lower at $l2.25 at Pittsburg
The textile manufacturers. as has
been said, are generally devising cur.
tailment of production, and the only
change in prices is downward Sales of
four weeks, of which 1906, 100 were do
nestle, against 33,3S3,965 last year, of
which 16, 1872, 400 were domestic.
Failures for the week have been PIT
in the United States against 256 last |
year, and "a III Canada against % last
year.