Iron County register., 1893-09-28
MONEY AND BUSINESS.

Tho Business Atmosphere Gr.dusLy
mess Of Congress. and Money GettluH
Easier-All Conditions Favor . Kouv
OF Trade and industries. According 20
Il. G. Dun 4 Cos Weekly RovieW-nusA
uess Failures, Etc.
New YORK, Sept. 2S.-R. G. Dun
Co. S weekly review Of trade, pupIsneo
this morning, says:
There is no longer only microscope ol
sentimental i'm provement that cannot be meas
ured Some increase Is seen both In proouc-
tion snd in distribution OF products. Inous
1t is small, yet after the worst financial pnz.aEu
for twenty years, 1t is not TO be expecteu s1.'
all reeds can be cleared In . DAY. but an .,
ditions except at Washington, favor RraouaA >
recovery Business goes on In unQuestioninH
confidence that the general desire OF tno ~
pie will in some way prevail Money mus
come easy at 8 per cent. here on Cali. onu
stagnant speculation fortunately iavors 80
freedom in commercial loans. Stocks an
products are dull without serious ian Al
prices. the industies are rapidly raiiying 70
make good the scarcity caused by weeks OF IN
action: the vitality OF the demand ior goous
shows that the wonderful consuming power y.
the people, II lessened for . time, mas NOT.
ceased, and the shrinkage In the rec oro u
commercial disease and mortality SHOWS Pros
ress toward health. Neither the advance Oh
II cents in exchange nor the small absorption
of gold by the treasury has been felt, for tne
market is Q long way beyond the point =.
which It waited with breathless anxiey aof
steamers. Monetary conditions favor tne
revival Of trade and industry Wnhe
renewals are as large as ever
commercial loans are no longer unknown.
Maturity OF large western opnRatlons
has brought hither unusual shipments Oh
money from that section, but the banks. wnAie
retiring part Of the circulation recently taken
out and some OF the certificates, have not re-
tired o large proportion, keeping weather
eye on the body OF commercial Indebtedness TO
mature in October and November.
Foreign trade grows more favorable.
ports uof principal products In August were
"a 797 5Ss in value s. 494. $40 more than last
year, which with the known decrease In I'M
ports here indicated Q small excess OF EXPORTS.
For three weeks OF September the increase OF
exports was SSe 400 900. and the decrease In Inn.
ports @, $4,000, promising q larger excess OF
exports.
Stocks have been extremely dull, having SO
far discounted improvement from the action
on the repeal bill, while no one shows desire
to SELL But prices have slowly settled about
three-eighths per share, though the prospects
regarding the crops have grown more nopeiui.
The receipts of wheat fall far behind lass
year, being 5.6S5 1884 bushels for this week,
against 6, ,s5l $50 for the same week last year.
The Atlantic exports this week have also
sharply decreased though Pacific exports are
heavy. The price declined IN per cent here,
with Insignificant transactions. Corn receipts.
1, 4,579 436 bushels against 255S 900 for the same
week last year. Exports are but 5.49OOO0f
bushels, and prices yielded l cent, not many
placing confidence in official or other esti-
mates Of a yield below 10000, 900 bushels.
Pork products have been lifted, as II scarcity
OF food for hogs were certain.
Cotton has f1uctuated much an6 Is a shade
stronger though nothing appears to warrant
an estimate which would reduce the worlds
supply OF American, including the quantity
carried over within 500, 600 bales Of the largest
ever known. The volume Of do
mestic trade is still much below that of last
year. In clearing outside OF New York. the de-
cline is 26.7 per cent.
Better indications appear in railroad earn
ings which declined 1l.6 per cent. for the sec.-
ond week Of September, against 1871 per cent.
for the first week For the half month the de-
crease was 20 per cent. on southern railroads;
49, per cent. corn-carrying and 1915 per
cent. on wheat-carryfng roads of the west and
only per cent. on trunk lines.
The receipts OF cattle at Chicago for sixte
days of September were 24.4 per cent. smaller
than last year, and western receipts Of wheat.
were 40 per cent smaller for those weeks.
The industries are giving strong proof that
Of goods was not as much,
arrested as many feared when the col
lapse Of trade and manufactures came.
While manufacturers show extreme
caution, and decline to start without orders,
the number of works resuming this week has.
been at least ffty-six wholly and twenty-four
in part against only fifteen concerns men.
force. The gain has been greatest in cotton,
where some goods touch the lowest prices ever
known. but 1t was fair in WOODEN manufacture
this week. many concerns having orders not
only for dress goods and specialties. but some
for mems goods. although 1t is not expected
that the seasons business will be half as large
as usual In woFsteds remarkable reductions
in price are noted. The sales in wool have
been 1921 .425 against 3.Si3, 100 last year.
The manufacture Of boots and shoes also i'm
proves with urgent demands from dealers; and
from the east show q decrease Of
only u per cent. against over 80 per cont. for
some weeks post The industry which shows
least actual gains is the manufacture of iron and
steel. where the only changes in 2prices are
downward, and In spite Of the great decrease
in production the consumption seems to have
shrunk even more But even in that branch
distinct increase is seen in tho demand for q
lew products.
Failures for the week number only $40 In tho
United States, against les last year; and In
Canada 10 against q last year. Only fvo fail
1res were for over 100000 each The liabili-
ties in failures for the second week in Septem-
Der were but G3.042 i9o. R1Ainat A 40 Uo0 ha