Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-09-23
Confidence in Business Is Rap
IDLY Returning
DUN & CO.'S WEEKLY REVIEW
Forcign Trade Greater Than Last
YeAr's--sshat Down Mills Resume
Money kery Essy--Iess f'siiarc~

crease i seen both in production and IN
distribution IL products True. IL ~
small as yet but after the worst fnsn-
elal blizzard for twenty years il u not 10
be expected that al roads car be cleared
IN day. But all conditions. except At
Washington. favor gradual recovery.
business goes on in unquestioning con-
fidence that the general desire ~ the
people viii IN some way prevail Money
has become easy az 3 per cent here ca
call. Stocks and products are dull with
out serious fall in prices. the industries
are rapidly rallying to make good the
scarcity OF supplies caused by weeks Of
inaction. the vitality Of the demand for
goods shows that the wonderful consum-
ing power OF the people. II lessened for
a time. has not ceased and the shrinksgs
in the record IL commercial disease and
mortality shows progress toward health.
Neither the advanced Ia in exchange
nor the small absorption Of gold by the
treasury has been felt for the market Is
a long way beyond the point at which IL
waited with .breathless anxiety for
steamer. Monetary conditions favor re-
yival OF trade and industry. While re-
newals are as large as ever. commercial
loans are no longer unknown. Maturity
of large western obligations has brought
hither unusual sums OF money from
that section, but the banks. while retir-
ing part Of the circulation recently
taken out have not retired II large
portion. keeping weather eye on
the body OF commercial indebtedness 10
"A ffar in af.l.ar and NUtsArFa f.ar
Foreign Trade Improved
Foreign trade grows more favorable
Exports Of principle products in August
were s3i. 19I DIS in value; or s3.3Sf.o46
more than last year. Stocks have been
extremely dull, having so far discounted
improvement expected from action on
the silver bill that few wish TO buy,
while not many desire 10 sell. But
prices have slowly settled 10 about Bic
per share. though the general impress
sion regarding the crops has grown
more hopeful. The receipts OF wheat
fall fur behind last years. being 5.tSSS, s0i
bushels for this week. against s.53l .i95
for the same week last year. and in three
weeks. l4.l70.533 bushels against BOZ
III last year
The Atlantic exports this week have
also sharply decreased. though Pacific
exports are heavy. The price declined
1iSc here, with Insignificant transac-
tons Corn receipts were 1873, 436
bushels against 1885. ls3 for the same
week last year; exports are but J04. $50
bushels and prices yielded cent. not
many placing confidence in official or
other estimates OF a yield below 170.-
100000 bushels. Pork products have
been lifted as IL scarcity Of food for hogs
were certain. Cotton has fuctuated
much and is a shade stronger. though
nothing appears 10 warrant an estimate
which would reduce the worlds supply
OF American, including the quantity car
ried over, within 10000 bales for the
largest consumption ever known.
Condition OF Domestic Trade
The volume Of domestic trade Is still
much below that OF last year. In clear.
ings outside Of New York the decline is
36.7 per cent against u per cent at all
cities last week. Better indications APP
pear In railroad earnings, which de-
clined ll.6 per cent for the second week
Of September against 16.1 per cent for
the first week. For the half mouth the
decrease was 20 per cent on southern
y
1875 per cent on wheat carrying roads Of
the west. and only 4 per cent on trunk
lines The receipts OF cattle at Chicago
for sixteen days % September we're ia
per cent smaller than last and western
receipts OF wheat were 40 per cent
smaller for those weeks
The industries are giving a strong
proof that consumption Of goods was
fnf ne sfs.s4 o..
when the collapse OK trade and manu-
features came. While manufacturers
show extreme caution and decline 10
start work without orders. piling up
goods al their own risk the financis
conditions enable them to accept many
orders. which would have been refused
weeks ago, and actual orders rendered
frequently 10y the exhaustion Of retailers
supplies in many directors
Many Mills Resume.
The number ~ works npsuminr this
week has been at least fifty weight wholly
and twenty four in part. against only
fifteen concerns mentioned as having
closed and eight reducing force The
greatest has been IN cotton, where some
goods touch the lowest prices ever
known. But IL has been FAIR IN wooden
manufactures this week. many concerns
having orders not only Tor dress goo,ls
aud specialtics. but some for mems
goods, although il Is not expected that
the seasons business will be half az
large "a usual. In worsteis remarkable
reductions in prices are noted The
sales Il wool have been s.2l6. 10 pounds
against s.i0o, loo last year.
The manufacture AZ boots and SHOES
also improved vith urgent demands
from dealers. and shipments from the
east shows decrease u only II per
cent against over % per cent Tor some
Ks past. The industry which shows
least actual gain. the msnufacturc q
iron and steel where the only changes
IN prices are downward. and IN spite q
the great decrease in production, the
consumption seeme to have shrunk even
more. ltuf even in that branch slls.
tinct increase - seen In the demand Tor
few Tsesiucis
Failures - The week number go In
the United Stsfce against - ihst year.
aud ia Canada 40 against = lasf year
Only Eve failures we're fot over finloo
each. The liabilities in failures for fhe
rrcrud week ~ Scrtrmter v~re lalt
sf0t1f2a sgainst ts,aa0e3 the frst