Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1893-10-07
WEEKLY BUSINESS REVIEW.

The Condition of Business and the Money
Z Market as Shown by X. q. Dun COS
Weekly Review-The Quarters List OK
business Failures Record breaker
The Delay In Congress Making conn.
dence Slow OF Growth and Business
Drags In Consequence.
NEw YORK, Sept. 30.-R. G. Dun q
Go. : weekly review of trade, published
this morning, says:
4 complete statement OF failures FOR the
quarter which will close tonight is not posi-
bic, but the number thus far reported Is about
400, and the aggregate Of Liabilities ABOUT
&l50,00o000, greatly surprising the record OF
any previous quarter For the past week the |
failures have been 800 in the United STATES,
against III last year, and in Canada "a, against
II last year.
Hope deferred" explains the past week IN
part and II is doubtless true that many IN
duiged in reasonable hopes. but business mas
not entirely answered expectations. ieei-
Ing Of disappointment is commonly aseripeoc 10
delay Of action on the silver bill in the senate
II Is also true that many works whicn nave re-
snined operations do not find orders as large
or the demand from customers as vigorous as
iins anticipated and will cause some ques-
ia. ghs.her they will not close again
While money on call has been abundant ana
cheap and about "a 800 900 clearinghouse certif'
icates have been retired there is perceptlDie
greater caution In making commercial loans
here and at some western points commence,
proverbialy slow of growth, has somewhat
| diminished in part because advancing exchange
suggests the possibility of gold exports.
| During most OF the week speculative wearl-
ness has found expression in lower prices.
Stocks we're more active but lower; railroads
declining on the average sl.i2, and trust stocks
| 81 80 per share to Wednesday night ana the re-
covcry has since been small. Railroad earn
ings for September show decline OF haii per
cent compared with last year when Is nov
better than the August report though the re'
turns for the second and third weeks we're nee'
ter than for the first week. On western lines
and trunk lines the decrease is somewhat
smaller, but southern and Pacific roads DC
not materially improve. ana east
bound shipments from Chicago show q
decrease of II per cent. for last week Whea.
receipts decreased again and fell far Dehiie
last years, but stocks in sight are too heaVI
and the price for December fell nearly ! cent
Corn continues to come forward freely ahe
crop reports are not more favorable but Uni
price fell Ia cents.
Changes in pork products were obviously
due rather TO manipulation than to any chahe'
in the outlook. Cotton declined about o'i'
with no great change in the movement or II
crop prospects and with increasing WORK
the mills in this country. When stocks ar
unusually large their very weight overbalance
all other considerations. The cotto
market is gaining more than any othe'
and there is stronger market lor prin
cloths and prints while some reuuetio
has helped TO stimulate trade IN other eoo.n
The enormous decrease in production lof VI
, past two months begins to be felt, and salt
ore larger though much below the usual qu'l
) ti,y. Trade in wooden and dress goods Is be
D ter and there is a little more demand Tor men
= woolens, though not enough to keep empioyt
the increased number OF mills now running.
y Clothicrs are cutting up more goods, II
l said. but the change is not greater than prep
ratlons OF samples for another season mig
, cause and there are noticed attempts 10 cie
u of old stocks by opening retail stores ana Sc
= Ing at manufacturers prices
~ Sales Of wool last week were i639' i5opouht
against 6.64a600 last year; and Tor -FOUR wee
4.4T3oT5 pounds, against 31,0So5W last yea
Il but it Is believed that many purchases are
r. investment rather than manufacture.
While seventy eight manufacturing concer
3" are reported as starting wholly or IN pa
J. against twenty closing or reducing force mo
l. than third of the increase has been IN cott
mills, and another third In machine shops n
mills manufacturers of stoves anu hara"i
l. tools and cars. while in the iron mahulaei'
~ proper only seven concerns have START
: aeairAIt shr.3a tha. have stopped, and the .
% look does not seem brighter
pS Chicago is adding to her marvellous pui
incs. and in structural and some other Tor
the demand at the west is clearly increas
IS Bu, the closing of the largest iron mine in
IN country. the Norris, which ordinarily produ
million tons yearly, indicates the iini
io character of the business. AT least the dem;
p for products Is painfully inadequate even
at the scauty force now at work. ana the low
-, prices on record attract little business 1
said that one sale OF steel rails has been
eo fected by sharp reduction in price. inc
test between the Amalgamated ASSOCIATION
ns works in the Pittsburgh region has been
= tied, but too late for most of the men.
70, The glass workers have not agreed as
Dr., wages. and stocks are growing low. In be
nm and shoes the marked activity seen in
Yorl, Is not found In the east; the buslnes
SLOW and few establishments are resum
and shipments from Boston are still 81
cent smaller than last year but the ruD
40, works are all fully employed, and the dem
for their product Is large.
ID clearinghouse exchanges lnulcate u u
in gain, the volume of business being l9.l be
.ao those of the same week last year. In fore
trade exports again exceed last years aud
Us the month about 2i.s per cent, while imp
show a decrease for the month OF about u
ho. cent. vet foreign exchange has risen so
,,s, that exports OF gold to Germany might be n
Wv with little loss, and it is believed that
D for repayment of gold obtained on l.
cal from Europe In July and August affect the
ans more than current business Though re
-. of part of the gold has been expected ana
banks have now on hand more than they n
the the treasury stock is so low that rene
the outflow would be regaraed WIN son, some al ~
be nensio", ,ls,as ino ,e''an ana ,argelv retec,s
are sctiyi,y than usual at this season in dom,
ton trade and industry.