River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1893-09-14
IMPROVEMENT CONTINUES.
Many Signs of Recovery in the business
Situation-Complete Restoration of Con-
fidence, However, VIII Require Time.

New YORK, Sept. 11.-R. c.. Dun &
Co.'S weekly review of trade says:
Improvement has extended from the banks
TO the mills. The condition of great indus tries
has distictly mended, though still seriously de-
pressed More important By far than any
rise in stocks is the fact that more works have
resumed during the last week than have
stopped operation, so that the producing
force of the country after months of constant
decline has begun to increase Dispatches
mention twenty-eight textile and thirty metal
works which have resusumed, some only with
part force, while twenty-five textile and nine
iron works have stopped II is expected that
most of the FAN River mills will start soon.
the hands asserting to reduced wages The
money market is more healthy the premium
on currency has almost vanished, the embar-
easements in domestic exchanges have well
nigh disappeared, and while little money is yet
available for commercial industrial loans
there is some relief in that respect also
I'm cotton mills resumption is quite general
The paper business is doing better the Troy
paper and Illinois glass works are starting, and
several shoe factories. But shipments OF boots
and shoes from Boston were again 81 per cent
smaller for the week than last year and in
three months they have been about 10000
cases, against 1000 last year. These evil
dences of the extent of depression are needed
now because they show why the sudden recov-
cry, which some look for is not possible.
''It must take time TO revive business after
such shock as il has sustained, apd there Is
no occasion for disheartenment if recovery is
slow. While money markets have greatly i'm
proved they are yet far from the normal condi-
ton, and the crops are in doubt The prospects
for corn have not improved and the injury done
by drought seems to insure a much smaller
yield than was expected The price during the
week has advanced fully one and one half cents.
"That the volume OF trade has been small of
late Is not surprising Exchanges through
the principal clearing houses outside New
York continue to show a large decrease in
comparison with last year. for the last week
2t3 per cent Although several banks which
were forced TO stop in July am August have
resumed this week the numerous failures of
two months have thrown into confusion the
calculation of merchants and compel them TO
curtail operations. Incomplete returns of as
sets and liabilities for the month of August
show that the liabilities in about 1881 failures
amounted TO S55.4is.030 aud the returns
for the remaining failures of the month viii
probably raise the amount above S61.
030000 The assets reported were s67,
S9s,2ls and while T34 OF the failures, with SIS
712Oe9 liabilities. were at the west there were
54S with S2l. 9s7 liabilities, In eastern states,
and 300 with IS, 455 00i, in southern states
This body of defaulted liabilities for the single
month of August exceeds the aggregate for any
entire quarter except five during the last six
teen years
Failures for the week have been only 323 in
number, against 3s5 last week and 40 for the
week preceding and p IN Canada, against 80
for the same week last year. While one large
mortgage company swells the aggregate OF liza
blities for the week the average of other fail
ures were lower than usual, 262 being for less
than 900 each and only four for over 100000
each"