The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1893-10-04
REVIEW OF TRADE.

The Present outlook is Discouraging IN
Many Lines Of Business and Conndsnaa
IL slow in Returning.
NEW YoRK, Sept 80.-R. g. Dun &
Co.'S Weekly Review Of Trade says:
"Hope deferred" explains the past week
in part, and it Is doubtless true that
many indulged in reasonable hopes, but
business has not entirely answered on.
pectstions. A feeling OF disappoint-
ment is commonly ascribed to delay OF
action on the silver bill in the senate.
II Is also true that many works which
have resumed operations do not find
orders az large or the demand from
customers 10 vigorous as they antici-
pated, and with some 1t Is a question
whether they will not close again.
While money on call has been abun-
dant and cheap and about "a, 500, 900
clearing house certificates have been
retired, there is perceptible greater
caution In making commercial loans
here and at some western points. Con-
fdence proves but Of slow growth and
somewhat diminished In part by ad-
vancing exchange, which suggests the
possibility Of gold exports.
During most Of the week speculative
weariness has found expression in
lower circles. Stocks were active but
lower, railroads declining on the aver
age La and trust stock LEO per share
to Wednesday night, and the recovery
has since been small. Railroad earn
ing for September show a decline of u
per cent, compared with last year,
which is not better than the average
report though the returns for the sec
ond and third weeks were better than
for tho first week. On western lines
and trunk lines the decrease is some
what smaller.
Wheat receipts decrease again and
fall far behind last years, but stocks
in sight are too heavy and the price for
December fell nearly one cent. Corn
continues to come forward freely and
crop reports are not more unfavorable,
but the price fell 1%c.
Trade in woolen dress goods is better
and there is little more demand for
mems woolens, though not enough to
keep employed the increased number
Of mills now running. Clothiers are
cutting up more goods, IL is said, but
the change is notgreater than prepara-
tions Of samples for another season
might cause, and there are noticed at
tempts to clear off old stocks by many
retail stores and selling at manufactur-
ers' prices Sales of wool last week
were 4,629, ,450 pounds against 6,64s,6 600
last year, but il is believed that many
purchases are for investment rather
than for manufacture.
While seventy-eight manufacturing
concerns are starting wholly or In part
against twenty closing or reducing
force, more than third Of the increase
has been in cotton mills and another
third in machine shops, nail mills, man
ufacturers Of stoves and hardware,
tools and cars, while in the iron manu-
tacture proper only seven concerns
have started against three that have
stopped, and the outlook does not seem
DrlBHIeT'
In boots and shoes the marked activ.
ity seen in New York is not found al
the east. The business is slow and few
establishments are resuming and ship
ments from Boston are still 80 per cent
smaller than last year, but the rubber
works are all fully employed, and the
demand for their product is large
Clearing house exchanges indicate q
little gain in the volume Of business,
being for the week 19.5per cent. below
those Of the same week last year.
In foreign trade exports again ex'
ceed last years and for the month
about 24.o per cent, while imports show
decrease for the month of about 81
per cent.