The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1890-12-12
TRADE AND INDUSTRY.
The Conditions Throughout the Ceuntr,
show q Marked lmurore,nsnt

show Marked Improvement
Tile general trade aad industrial conditions
throughout the country during the year have
shown marked Improvement For many
years prior to lSsSthe merchandise balances OF
foreign trade had been largely in our favor, but
turing That year and the year following they
turned against U.S. II is very gratifying to know
That the last fiscal year again shows u balance
III our favor Of over SGS,OoU.UoO. The bank
c'ear'ilss, which furnish u good test OF the vol
ume OF business transacted, for the frs. ten
mouths oi the year 1890 show, IA compared
with the same months OF 1889. an increase for
the whole country Of about S.i yer cent, vile
the Increase outside OF the city OF New York was
over IL per cent During the month OF October
the c.earings OF the Whole country showed All
increa"e OF III per cent over october. 1850.
while outside OF New York the increase was II,
per cent. There figures show that the increase
III thu volume OF business was very general
throughout the country. That this larger bust
ness was being conducted u!ona a!eani profit
a abs basir i shown by the fact that there were
500 less failures reported in Oct o.er, 500 than
N Tie same mouths Of tie preceding year, with
Liabilities diminished by about &5O06O.00U.
The vane OF our exports OF domestic n,er.
chan!isc during the last year was over sll5,.
900 900 greater than I he preceding year and was
s siio S s5sesnsd one ne in on. history About
products. The production OF pig iro,i-alwnysa
good gang. o. general Vrosprrity.is shown by
ton Of steel 200 pr cent greater. Mining III
coal has had no limitation except that resulting
IRON deficient transportation. The general tcs.
t!Mony IL that labor Ia everywhere fully en-.
!!"'rd. aud the reports for the last year show
smaller number OF employees affected by strikes
and iockouts than in any year since 1854 The
depression in the prices Of agricultural products
l!a'! been greatly relieved and a buoyant AMI
holriul tone WAS beginning to be felt by oil our
people.
These promising influences have been In some
degree checked by the surprising md very I'm.
favorable monetary events which have recently
taken place in England. l, is gratifying to know
that these did not grow In any degree out Of the
financial relations o! London with our people
or ont OF any discredit attached to our secur.
ties held in that market. The return Of our
bonds and stocks was caused by money strin.
gency in England. not by any loss OF value or
eredi. in the securities themselves. We could
not. however. wholly escape tie III effects Of n
foreign monetary agitation accompanied by
anch extraordinary incidents as characterized
this. IL Is not believed. however. that these
evil incidents, which have for the time, unfavor.
ably affected values i'll this country. can long
withstand the strong, sale and wholesome in.
iiuerces VII CHI are operating to give the people
profitable returns in all branches OF legitimate
trade industry. Misrepresentation that our tar.
III may be subjected to important general
changes would undoubtedly adj depressing In.
fleuce OF the most SprpuS chnracfe-