The Worthington advance. [volume] (Worthington, Minn.) 1874-1908, 1893-09-14
IMPROVEMENT CONTINUES.

Many Signs OF Recovery In the Businesa
sltuatton-COmplete Restoration of Con.
hdence' However. WIN Require Time.
NEW YORK, Sept 11.-R. G. Dun &
Co.'s weekly review of trade says:
Improvement has extended from the banks
to the mills. The condition of great industries
has dfstictly mended, though still ser1ously 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
decline has begun to increase. Dispatches
mention twenty-eight textile and thirty meta
works which have resusumed. some only with
part force, while twenty-five textile and nine
iron works have stopped. It Ia expected that
most Of the Fall River mills will start soon,
the hands asserting to reduced wages, The
money market 10 more healthy, the premium
on currency has almost vanished, the embar.
EASEMENTS In domestic exchanges have well.
nigh disappeared and while little money is We,
available for commercial or industrial loana
there is some relief in that respect also.
I'm cotton mills resumption is quite general.
The paper business is doing better, the Trov
paper and Illinois glass works are starting. and
several shoe factories. But shipments of boots
and shoes from Boston were again u per cen,
smaller for the week than last year and in
three months they have been about soO,ool
cases, against 100000 last year. These evi.
dences OF the extent of depression arc needed
now because they show why the sudden reoov.
cry, which some look for, is not possible
ut must take time to revive business after
such shock as it has sustained, and there Is
no occasion Tor DISAGREEMENT IL recovery ia
slow. While money markets have greatly inn.
proved they are yet far from the normal condi.
ton, and the crops are in doubt. The prospect,
for corn have not improved and the injury done
by drought seems to insure . much smalle,
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 throusn
the principal clearing houses outside New
York continue to show large decrease in
comparison with last year, for tho last week
A3 per cent Although several banks which
were forced to stop In July and August have
resumed this week tho numerous failures OF
two months hsVe thrown into confusion the
calculation Of merchants and compel them "a
curtail operations Incomplete returns Of A.
sets and liabilities for the month Of Angus,
show that the liabilities in about 1850 failures
amounted to 66.4id,03o, and the returns
for the remaining failures Of the month will
probably raise the amount above ESQ.,
o0o0o The assets reported wore to7,
ess'sl& and while "a Of the failures, with sss,.
74S,029 liabilities, wero at the west, there were
A, with vi, 987 liabilities in eastern states
and $780, with e6.4o7,0o4, in southern states.
This body OF defaulted liabilities for the single
month OF August exceeds the aggregate for any
entire quarter except I'VE during the last six
teen years.
"Fatlures for the week have been only SO in
number, against SIS last week and 40 for Tho
week preceding, and 25 IN Canada, against Il
Tor the same week last year. While one lsrre
mortgage company swells the aggregate Of lia.
biltttes for the week the average Of other fail.
ures were lower than usual. 2ds bsing for less
than 1900 each and only four for over 800 00Q
each"