Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-09-30
70 MILLS START UP
Suong Demand for Cotton Pint
and viocisn Goods
IRON CONTINUES VERY Dull
Speculative ssscks wess Acsirs---
Messy Ea-F aad Moro fseass---
shop- ~ the E~ss Resume.
IRON CONTINUES very Dull


Nv Yonx. Sept ar G. Dun 4
a. . ~eekIy review q trade tonorro<
eli Say: A complets sfsfsnsei ~ fail
urss q the quarter whieh 0ill close %
night 10 Dot passible. but the namhsr
thus far reported - aAoef 400 and the
aEgrrgsie q liabilities about tld0Oo.-
"a. greatly SURPRISING tae record q any
previous quarter. For the Past week
The failures have been S.0 IN the Uaited
States. against III last year. and IN Can.
ada "a. aginst 81 last year.
Hope defsrrsd." explains ths past
week IN Saw York. and Il Il doubtless
true many indaiscd Ia feasonakls bopes-
A fseling u disappointment = commonly
ascribed 70 delay Of action On the siver
h,A IN The senals IL - also true that
many sosks which have resumed opera
lions do not sind orders a. large or the
temand fFom customers - vigorous ~
they anticipated. and with some Il - a
question xhsthsF they viii not Close
sGain. While money on ea1 has been
abundant and cheap. ADD about ti.5to.-
GO clearing house certificates have been
retired. there . perceptible greater eau
ton Ia making commercial loans and az
sone western po,nts
Speculative stocks Active
Conhdence grows but little. During
most q the ueek speculative stocks
we're mors active but iower. railways de-
Ching on the average sli2 and trust
stocks 81 20 per share 20 Wednesday
nixat and the recovery has since been
small Railroad earnings for September
shcW q decline OF per cent compared
With lat year. which h not better than
the August report. though the returns
for the second and third weeks we're
better than for tie nrst week On west
ern lines and trunk lines the decrease Is
somewhat smaller but southern and
Pacific roads do not materially improve
and east bound shipments from Chicago
show a decrease % IA per cent for the
last week Wheat receipts decreased
again add fall far behind last year. but
stocks in sight are too heavy and the
price for Dcccaber fell nearly cent
C0ru continues 20 come forward freely
and crop reports are not more unfavora-
be. but the price fell Ia cents
Changes in pork products were obviously
due rather % manipulation than 10 any
change Ia the outlook Cotton declined
about } lb per cent with no great change
In the movement or in crop prospects.
aud with increasing work by the mills
~ this country. When stocks are un-
usually large. their very weight at times
overbalanees all other considerations
Cotton Goods Market stronger.
The cotton manufacture IL gaining
more than any other. and there 10 a
stronger market Tor print cloths and
prints. while some reduction has helped
90 stimulate trade in other goods The
enormous production for the past tao
months begins 10 be feit and sales are
larger Trade IN WOODEN dress goods ia
better and there is little more demand
Tor mems woolens though not enough 20
keep employed the increased number u
mills now running. ClOthlers are cut
ing UP more goods. 10 Is said. but the
change - not greater than preparations
10 samples tor another season might
cause and there are noticeable attempts
q clear Of old stocks by opening retail
stores and selling at manufacturers
rrices Sales Of wool last week were
f5e. 40 ponds against 6.6fs.dDo last
year and for four weeks H.fEAzl5
pounds against 81 0sOr0o last pear.
While seventy eight manufacturing. con-
Germs are reported a. starting up khoily
OF ia part against twenty closing or re-
siacinx force. more than third % the In
crease has been in cotton mills aud
another third In machine shops. nail
niiis. manufactures Of stoves and hard
ware. xhiie In the iron manufacture
proper only seven concerns have started
sxalnst three that have stopped and the
uafieok does not seen brighter. Chica-
% - adding % her marvellous buildings
and ia structural and ~ome other forms
the demand az the west - clearly in
reused
Iron CONTINUES Dali
BOT the closing II the largest iron
nine In the country. the Morris, which
.,.rerp. 81 produces a million tons yearly
1dicates Tn limited character Of the
= is3ne-s Al least tx demand Tor pro-
llcis - painfully inadequate even for
te scanty force aoH az work aud the
west prices Ga record attract little
asinees II i said that one sale a
ZEE rails has been elected AZ a serious
eiuction Ia the price. The contest Be.
4een the Amaigamsted association
81 sorks IN the Pittsburg region has
N seftlei bat too late Tor the men
- rlasa workers have not yet agreed
O. wage aud stocks are growing low
! l,oots and shoes the marked activity
cen 10 Nsw York - not found al the
asa. The business il slow and few
afatilehfnerts are resumin1 ard ship
teuie from Boston are still % per cent
mailer than issf year. bat the rubber
f.fks sre al fully employed and the
smsna Tor their prosiuct = large.
yolanae of Bu<ine-s Increased
Gearing housca exchanges indicate a
tie gain IN the volume e business b.
~ Or he Wsek io5 Per cent below
80 81 The sane week last year. 10
r-i9n tcsde exports again exeeed last
ears. anf for thu month about nc per
eat Yef foreign exchange has risen ~
~ that erporfs q grid % Geruany
n CIR be male with little loss and Il =
believed t'ist calls for payment % gold
ohtainea On ioars from Europe in July
lni trxazt sftct the rate more than
-arren, tuuiue>s Though return Il
art - the xcid 49, been expected and
tl,e bsnks have naw on hand a,ors thsn
heY usesi. toe trressry stock = 81 SLOW
set = r~oe*et 0sffiow wpnld BE- r..
fsT'iei VIII asnae apprehension. The
sfafu - r11nes from he interinr ecu.
- p - n