The Indianapolis journal., 1893-10-28
MORE HOPEFUL VIEW
Dun a. Co.'s Weekly Review Holds
Out a Rosy Promise.
Reports from the Industrial Field. How
ever, Show Very Little Improve
ment-Failures, 352.

NEW YORK. Oct. 27.-R. G. Dun & Co.'s
weekly review of trade says: Port is in
sight after long and stormy voyage. and
the prospect OF a speedy end OF the struggle
over repeal has brought bright hopes to
business. 1t is too soon TO expect much
effect in trade and manufactures and though
monetary obstacles are to a large extent
removed, there still remain other legislative
questions which create uncertainty. a fact
of real encouragement is that railway earn
ings for the third week OF October show an
increase of per cent. over last year. the
first Increase for a long time. Wheat rose
&c, although Atlantic exports fell TO 100000
bushels for the week. against 100000 BUSH
els last year, in part because Western re-
ceipts were but 5,S6s,OOO bushels against
S9O0,000 bushels last year. But corn de-
clined 1sc. with better reports of yields. cof-
fee declined 3-l6c pork products made only
slight gains. and cotton fell &c. receipts
being 60,c00 bales greater than last year.
AS yet there is seen only a continuance OF
the faint and slow increase in distribution
OF products which have been noticed for
some weeks Nor does this gradual revival
in demand extend to all branches Most of
the increase yet seen in cotton and shoe
manufacture may be explained by mere
exhaustion in stocks of dealers, as frequent
requests for immediate delivery show, but
there is also reported somewhat better de-
mand for consumers, and four more cot
ton mills have started, and seven increased
forces. against seven stopping or decreasing.
A similar demand has increased by six ths
number of hosiery and knit goods works
reported in operation. The shipment OF
shoes from the East in four weeks of Oc-
tober are B per cent less than last year.
against 81 per cent. in September, but
against eight comparatively small wooden
mills starting, five have stopped. including
one of 5000 and another of 1000 hands. Tho
total sales of wool al three chief markets. in
cluding several million pounds believed
to be for speculation have been 9.273.3n
pounds in three weeks, against 2l.97J.OCo
twenty-five additional iron furnaces have
gone into blast and the present output
may be a little larger than at the beginning,
of the month. Some rail mills have resumed
manufacture, apparently TO provide for
customers, and there is some addition to the
number of nail and wire works and ma
chine shops employed. But the demand for
most products is small. Steel biiletS
called firmer at $50 and bar sells with de-
creasing demand for $135 at Chicago. It
is hoped that monetary ease and security
may encourage railroad extensions and inn
provements and more architectural work.
due to the state of the money markets. The
number and magnitude of failures de-
creased less than had been expected, tho
liabilities in three weeks Of October amounts
same week last year. This week there
have been 352 failures in the United States,
against 1S7 last year, and forty-four In Can
ada, against twenty last year. Including
million or -aOrc, there were stxty-fye es
liabilities exceeding 5000 eacn.