The enterprise. [volume] (Wellington, Ohio) 188?-1899, 1893-09-13
BUSINESS BULLETIN.
Weekly Review Of the Condition OF Trade
A Steady Improvement Noted In Both

Weekly Review OF the Condition Of Trade
"A Steady Improvement Noted In Both
the Financial and Industrial Situations.
NEW YORK, Sept. Or. g. Dun & Co. 4
Weekly Review of Trade says: In
provement has extended from the
banks to the mills. The condition OF
great industries has distinctly mended,
though still seriously depressed. More
important by far than any rise in stock
Is the fact that more works have re-
sumed during the past week than have
stopped operations; that the producing
force Of the country, after months OF
constant decline, has begun to increase.
Dispatches mention twenty-eight tex
tile and thirty metal works which have
resumed, some only with part force,
while twenty-five textile and nine iron
works have stopped. 1t is expected
that most Of the Fall River mills will
start soon, the hands asserting to re-
duced wages
The money market is more healthy,
the premium on currency has almost
vanished, the embarrassments In do
mestic exchanges have well.nigh dis
appeared, and while very little money
is yet available for commercial or In.
dustrial loans, there is some relief in
that respect also. 1t was time for some
improvement.
September the output Of iron fur
naces in blast was only $3.50 tons
weekly, against 1O7,O42 August 1, and
III, ,551 May /, so that much less than
half the producing forces was en-
gagged and the manufacture was 30
stagnant that unsold stocks Of pig iron
increased 90, 900 tons week In August
It is stated that further reduction in
the output has been made since Sep
tember began. The Thomas Iron Com
pany has reduced its price for pig iron
so cents, but some other concerns are
selling standard No. 1 as low as s14 per
ton. Soft steel has reached the lowest
point on record, $40 at Pittsburgh, and
substantially all rail mills in the coun.
try are idle; but there is somewhat
better demand for hardware, wire rods,
barbed wire, and contracts for archi-
tectural work and agricultural imple-
ments supplies are reported at Chicago.
Sales Of wool have been the lowest
on record for years, 1871, 200 pounds at
the principal markets for the last
week, against 1916, 800 for the same
week last year, the average Of 1OA
grades being 17c, the lowest for many
years, and in the manufacture 1t can
be hardly said that recovery appears.
In cotton mills resumption Of work
Is quite general, the paper business is
also doing better. The Troy paper and
the Illinois glass works are starting;
also several shoe factories. But ship
ments Of boots and shoes from Boston
were again 80 per cent smaller for the
week than last year.
1t must take time to revive business
after such shock as 1t has sustained,
and there is no occasion for discourage
ment If recovery is slow. While money
markets have greatly improved, they
are far from the normal conditions, and
the crops are In doubt. The prospects
for corn have not improved and the in.
jury done by drouth seems to insure a
much smaller yield than was expected.
The price during the week has ad-
vanced full ~ cents. Western receipts
of wheat have also been only S,873, 1857
bushels for the past week, against y
829, 054 bushels last year, and as ac-
counts of short crops abroad grow
more definite the price here has
strengthened fully one cent. Exports
for the week have been only 2,16O,7
bushels, against 2,47S, 1853 for the same
week last year.