The times. [volume] (Richmond, Va.) 1890-1903, 1893-11-11
THE TURN or THE TIDE.
A Distinct Improvement In BUSINESS Is
Reported.

Reported.
NEW YORK, Nov 1O.-R. G. Dun &
Cos weekly Review of Trade will say
The turn Of the tide has come. Since
the elections there has been distinct
Improvement in business and particularly
I'm manufacturing. There is some increase
in actual transactions, and much more IN
the tone Of business. Men Of all parties
feel that there is ground for greater con-
fdence. the silver question being put
definitely out Of the way and the chance
of disturbing action in other respects
being 1essened, while the right OF the peo-
ple to rule their rulers has been Ylndl-
Gated. While II is yet too early TO look
for great changes, there Is already dis-
tinct Improvement in the demand LOT
manufactured products since the acuoh
OF the silver bill, some increase IN tne
output OF pig iron and In sales OF WOOL
in the building trades in several cities
and the failures for the week later re-
ported. show lower liabilities. In briei
the recovery which began when the SILVER
repeal bill passed continues with lncreas-
ed strength.
The OUTPUT Of pig iron, though not YET
half as large as that Of year ago ~
larger than II was at the beginning oI
October. The monthly statement SHOWS
5000 tons weekly, against fo'oJo lo'.'
October 4st and lZl,0S2 tons November j.
1892 and there is also a slight decrease
I'm the stocks Of unsold iron on manu-
The sudden fall i'm the price ot steel Ial'9'
which has been maintained al 80 lot
long time, but Is now 81 at the hiln9,
has brought the quick enlargement VI
demand which might have been ahticl-
don d
coke and pig iron improves. There Is also
n betfer demand for some manufactured
products at the West, though no improve
ment as yet appears In prices, and win
a few large contracts taken at first prices
are now at the lowest point. General I'M
provement Is seen in the market for cot
ton and cotton goods. as well as tor
wooIens. print cloths. and some other
grades.
The volume Of domestic trade, though
smaller than year ago, shows CONSIDER
able less decrease than appeared In sep
tember or October, the exchanges az
clearing houses outside OF New YORK pc
ing only ia per cent. smaller than lot
the corresponding week last year. Ran
road earnings also exhibit some relative
irnnrovement. as the decrease for the
latest week reported IS only "a per cent,
although an analysis Of the returns sho"
that the decrease In the freight movement
separately considered, was decidedly
larger. Money is abundant and cheap TOT
although commercial demand iiS quite
nercepfibIy expanded, the supply aecumu-
iated al the chief financial centres IS eA-
traordinarily large The arrival OF SioV'-
600 Of gold from Europe gives evidence
that the past selling OF stocks on IoIelsn Ls,i
accounts. though 81 was large lol so''s
months. has not been OF late ioi &c l',.a
% overcome the merchandise balance
which is rapidly increasing WIZ
full movement OF eApDLIs ~ Ia 10
IL. en, hey decrease in i'm
"orts ~ mer .andise. especially In dry
ra,oads Hfuch more confidence is felt IN the
s,,,,,ra o., monetary affairs since the re-
,sai ~ the silver bin. and II Is the com
1,on estimate that the result or the cleo
,iors vvIll tend 10 prevent further action
IN the direction Of silver coinage or paper
Tbe failures for the past week have been
9et q, tGa United States, against zlO Io'
the sane week last year, ana In Cahadd
n against % last year.
psveSS.veets tomorrow Will say: sew
araI positiye and significant evidences Oi
actual Improvement In Industrial llhes aIe
found In kilograms 20 bradstree.s' Aiuone
.os,arn manufacturers OF clothing, busl-
ices remains depressed, and prices are
hsing reduced In some instances while IN
tna west notably at ST. Louis the re-
verse is true and an early advance IN
prices Is anticipated. .,..,o.
The interruption incident to an eleenoh
,stnraIlv had some effect on the volume
OF trade In many States. -
The weekly total Of business failures
g., the United States increased, three hun
ared and thirty three being reported, as
compared with S5s last week, Win tne t
reinforcement In cotton. the demand Ior
dry goods increased at Baltimore, paIu-
r,,sar,y srom the South. Demand ior