People's Pilot, Volume 4, Number 7, Rensselaer, Jasper County, 3 August 1894 — A GRAVE CONDITION. [ARTICLE]

A GRAVE CONDITION.

Quotations from R. D. Dun & Co.'s Weekly Review of Trade. New York, July 28. —R. G. Dun & \ Co.’s weekly review of trade says: “The heavy outgo of gold, the fall of the I treasury reserve aud of the price of wheat to the lowest point on record, and the increas- | ing uncertainly about the tariff have entirely overshadowed other industries. Business delayed for months by the groat strikes now crowds the railroads and swells returns and gives the impression of revival in business. But it is not yet clear how far there is an increase in new traffic distinguished from that which had been merely blocked or deferred. In some branches there has been more activity but in others less, because events early this week led many to infer that no change of tariff would be made. “Wheat has found the lowest depth and haa sold below- 55 cents, making the monthly average at New York the lowest ever known. Corn was stronger, with accounts of injury to part of the crop, and the exports are trifling. Cotton declined a sixteenth of 7 cents, though receipts from plantations were small. Textile industries have been perceptibly stimulated, according to dealers, by disagreements which many suppose will prevent change of the tariff and there has been more buying of cotton goods, with slightly higher prices for a few, notwithstanding the closing of some important mills. The stock of such goods is on the whole quite large. In woolens the goods famine, which clothiers prepared for themselves by deferring orders, is such that imperative necessities now keep most of the mills at work and purchases of wool for immediate use are large. “For the week failures have been 249 in the United States, against 386 last year, and 39 in Canada, against 23 last year.”