The Stark County Democrat. [volume] (Canton, Ohio) 1833-1912, 1893-11-23
DUN7S TRADE REVIEW
Business Gaining, But Improves
Very Slowly.
A HARD LOAD TO DRAG WITH 1T.


Government Payments More Satisfactory
Than Was Expected-Monetary DIN.
cuities no Longer Hinder--The Condi-
tion Of Industries Is Better.
NEW YORK, Nov. 1s.-R. G.. Dun &
Co.'s Weekly Review of Trade says
Bus mess is gaining, but it lie constant
complaint that the improvement is
slow. This is because very few realize
how heavy load business has to drag
after it in climbing up again. Legisla-
tive uncertainties weigh heavily, but
other loads many overlook The past
depression, with trading and manufact-
uring failures involving more than
t285, 900, 900 in nine months; besides
banking failures of enormous liabilities
and failures of railway and other cor
porations having heavy Indebtedness to
individuals and firms involve continual
embarrassments which men are prone
to forget.
There has been great encouragement
during the past week in the fact that
government payments are far more
satisfactory than was expected, and yet
the extensions of the month would
have seemed alarming other years.
Merchants who collect part of the
amount due are rejoiced, but their buy
ing power is not as large as usual. The
extraordinary shrinkage in purchases
for consumption, if lessening, has still
made it impossible for many firms to go
on as before, and the largest failure of
the past week, that of Thurber- Why
land company, illustrates embarrass-
ments which can't be terminated in a
week or q month.
Monetary difficulties no longer hinder.
II is true the treasury cash has fallen
to $97, 1888, ,595, of which only 1856, 400, ,S01
was good, but there is no such alarm as
there was when the gold reserve alone
went below Sl00,000,000. Business is
not leaning on the treasury, and it is
well that it is SO. Receipts for the
month thus far are about $1,000, 900
less than expenses, and the imports in
October decreased about $50, 1000, 900.
partly because of inflated valuation of
goods imported last year. Weekly i'm
ports at New York decrease, in part
from the same cause.
The condition of industries improves,
but they wisely wait the revival of
purchases by consumers. Twenty
four works of all kinds have wholly or
In part resumed, against Ia closing.
Yet less than half the iron working
power is active, and out of 80 woolen
works at the east only 10 are working
full time, while 45 were shut Nov. l,
the production for four months in mems
woolens being 14,34S, ,431 yards against
25,554.306 last year. State factory in
spectors report that out of 10000 per-
sons employed in textile mills in Phila-
delphia only 1880 are at work.
The decrease in the volume of busi-
ness through the clearinghouse con-
tinues about the same and for the past
week was 1875 per cent. The failures
for the week have been 324 in the
United States against 205 last year and
SO in Canada against 35 last year. Be-
sides one bank in Ohio and the Thurber
failure, there were four of liabilities
over $100, 900 and SO others over $5, 900.
The volume of indebtedness of firms
failing in previous week was $3,727 ,457
against s3,467 ,346 the week before, be-
ing larger east and south,