Grand Rapids herald. [volume] (Grand Rapids, Mich.) 1892-1959, 1893-07-29
ARE ON THE MEND
Tacs and finance Shows Healthy
symptoms
CONFIDENCE IS RETURNING
Da1 a sa.'s weezis ts.ss@~ OF Trade
s1ise- a eosseFs alive ss.sensent "a
Gar L0ssss. snf cais<

SxN Ypax. July - II G. Dun
60 ssekiy fevsz 4 trade says. The
harca=t seex has irft tbs bD-insss world
skill able d FelGlec Ia the seansfnees AL
ssrength disclosed rFices g steaks
usfe xrr4tly depressed tuesday sad
" "wednesday. closing loser tAan any
sthes dAy slaec January. i-s9. ant TIE
FL ca "Wednesday averaged ever e Ter
share. aA5 Jet oaiy TO failures resulted
ard thosa u tsoksrs act especially ia
r.1rt4nt A sAsrp rally fcilosed On
Thursday with bayins fsom Lonsion Dy
shoFts AID especially significant buying
4. snau investors. No bankz here oe
a. sthag eastern cities. aud 40 eastern
1rsas 4 large Importance have
ne ,lokn. buf uaasrous banks
failed a. the xest. inclad8ng a1aae
* h.gh rcyass add large bossasss-
Ths Efie raiiruad Was again placed IN
ts hsn.ss 4 frceiser though sor
sht a.ossths r tae Eseal year net earn.
/ - ~ the coz aaay bad been larger
tan last years aal earnings ~ other
roads rspoetiaE ara generally 70 lest
sears. The usoust. market became ex
t.neiy strl1gct aza4a with he de-
3 fs@ls Ia siacAs. ana tie drain 10 AZ.
s qfher 4ees las beea very heavy.
tat fhroazh al the stF&.a the OanAs IL
Naa York aase recessed xith0ut trouble
alo 80 Eosfs ~ sod have conmeneed>
alcney sent Net
frum 81 Uatl0 a. s4t0stuoo Ia money
= teea seat 9esf every day. and a
t1e decrease ia kanil reserves - 81
zee. a g. tar treasury has not been dis
fasslnE fssg .y. Tea commercial loans
have tcen acsss tiaiea snf az high rates
~ otssr eitsra thc 1l afy markets have
teeu quite esess tai bank failures AZ
tilsaikfs Indianapolis and Louisville
haze esussa Ices disturbance than might
t4ve been ftefeG be treasury puE-
sa4sse ssixeg spsningly and the exports
e hat a4aial haze been large. TX.
shaages bTtlecn this cfly and Philallel-
ghia has beee especially disturbed. bat
taaNs ~ tie after city continue to sup
10 customers a. well as they can Chi
elas has drawn heavily On New York.
t8f Ia that and other cities bank state
rlenis Indicate creditable soundness.
In the Markets.
Cotton has declined an eighth. though
r>,rspts are little larger and exports
smaller than last wear. but holders show
great stubborness 10 view - the large
sticks Ia sight aud the closing 81 many
rlllis In ether products no special
change - reported. though prices tend
ioxeF. Many WOODEN factories are
eL-sng Tor a month or more or IN.
definitely. because orders ars slack. for
while lCbbers orders are about a. usual.
e,othiers still hold Of. Fall trade is
4 81 ~ - 10
tsuai sire and many dealers expect "a do
DO more than half the usual spring
business Dress goosis are better in
tone. but an unusually large proportion
OF carpsI works are CLOSED Fall cott0ns
though half cent lower than last year
io priees. and exceptionally attractive.
meet but moderate demand. and print
cloths are weaker 40 2.sA cents.
Knlt Goosi- Basins-~ BETTER.
The knit goods business Is somewhat
better Sales % wool at the chief mar
ksts Last week were 2.i1iooo pounds
against li5. 20 last year and FOR three
AMI bali mosths fs.si6. 20 against
e8f30.l1o last year Orders for boots
and shoes are restricted. many shops
rurring short time. shile others have
r.o~cd. ana shipments from the east are
a =
sasf year The iron business grows less
s.iive and ia spite - past decrease m
output the demand DOES not
sIual the supply. 40 that four
large furnaces AZ pittsburg are
sspes.ted o. close. Par - weak ard
hzs teea sold AZ fl55. Plates are Ia a
narrow hniit and structural irDn IL ir-
regular with beams down 60 siso of
sssei hsrs. $500 tons were sold % agri-
oultufsi iupiement makers a. Chicago.
A. AllHaukee the failure 20 the three
oid.esf hanks causca intense excitement
az heavy commercial failures large
noiihgs q irau syn,iicafe paper being
t8- cause ald business - contracting.
The tailars--
Faiere- fu.or The past week mum
h~r - ID faa rited states. against Il I
l4sf year. sad ~ in Cauasia against =,
49, yssr r. B acte1ufthy that only
tar faNnra were a capital above
sap0on -sta sr Only H n capital over
$40 eafa tissr fifty hanks stopped
daring ihe strk bat neariy Az we're az
TIE set tast E - lie failures ia the
CsiFfi ~fstrs nnstcfai s5s and tie
Trssiols SEED 80