Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-09-16
MANYA MILL OPENED
Marked Improvements in MANY
faciuring Pas, Week.
DUN & co.'s WEEKLY REVIEW
Meaey l. seeking Loans. stocks Ad-
ssso-d. Exports Hs4sy and Generai
Trade showed Reaeuod Acsisisy.

NEw Yonx. Sept ia-R @. Dun 4
Co.'S weekly review q trade xlil szyi
Retarns from every part IL she eoantry
show decided improvement Hopeful
feeling prevails. money grows abundant
81 speculative eenters and somsH hat
easier for commercial purposes The
number Of establishments reported as
resnming work. thirty-o one wholly and
twenty Elk In part. still exoeeds the
number closing. thirty three Tor the
paes week besides ten reducing force. %
that the hands employed have somewhat
increased The number unemployed -
still very large. the great industries ara
still far below their normal productive
ness and part Of the resumption OF work
has been secured 10y logering prices and
reducing wages But business - pull
ing itself together and even the crop re
port has caused little depression Ia
stocks
Manufacturing Improving
Industrial improvement Is largely Ia
cotton and otherwise appears scarcely
more satisfactory than last week. About
two-t thirds Of tho Fall River mills are
operating. but a reduction or 10 10 -
per cent In wages and there has been
sharp cut in prices OF some leading
cotton goods. Several shoe factories
have started in part. but orders are said
not 10 be enough 10 keep half the force
busy. though distinct improvement Is
noticed Shipments from Boston FOR the
week show a decrease OF 40 per ce.St.
Several glass. pottery. hardware aud
silk establishments have resumed. with
anumber making iron specialties. though
few OF them with full force. In all
eighteen reported metal works have
started in part and six wholly. while
thirteen have stopped and fourteen have
reduced hands or wages The output ot
pig iron. September i. proves TO have
been S...6O6 tons weekly, a decrease OF
$3.50 since May /, indicating that only
i5 per cent Of the productive force was
employed. Sales Of gray forge for g. at
birmingham and OF steel billets for
sl9.70 at Pittsburg support the state
mcnt that the resumption OK work IN
many cases is at the expense OF great
sacrifice in prices. but IN this industry
business reyiyes more vigorously al the
west than at the east
Advance In Stocks
that railroad earnings may shrink. with
smaller demand the coming year for iron
or products and for stocks But the
stock market yielded very little after
raising nearly 81 per share on Saturday
and over 80 cents on Monday. Abund-
ance OF money seeking loans on collat-
erals and call, tenders To render the
market indifferent 20 public abstention
and reduced earnings. In September
thus far the decrease in earnings has
been - per cent on scattered eastern
roads, 1913 on trunk lines. AS on west
ern wheat and re on western corn car
rying roads. 80 on southern roads and
1o.5 on other roads. The restriction OF
domestic trade IN shown in clearing
house returns at principal cities. which
decline D. per cent compared with last
year, but il Is too soon for
improvement just commenced To affect
payments. Expectation OF foreign in
yestments is not yet realized and ex-
changes have declined toward the gold
exporting point as future exports OF
products are liable to be restricted by
the shortness Of crops and the advance
! in prices here. Exports last week we're
large and for two weeks have been 30
per cent more than last year. While a
decrease of 100000 appears in imports
for two weeks. IL is largely due TO the
fact that values OF coffees and sugar
from Brazil were stated last year in
paper worth about 40 cents on the
| dollar.
The number Of firms failed evidently
diminished. The failures reported for
this week have been in the United
States only 315 against 81 for the pro
vious week and lb4 last year ana in
Canada y against - last year.