Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1893-11-23
DUN'S OUTLOOK.
The Limbs of Trade Stiff at the
joints.
EMBARRASSNEyTS SHOW EFFECTS.
Structural Iron stimulated by the Great
Fall In the Price of steel Rsils-said
to he Selling Now
at $40.

New York, Nov. 1s.-R. @. Dun q
Co.'S Weekly Review Of Trade says:
Business is gaining, but It is u constant com.
pfiint that the Improvement Is SLOW. This IL
because very ew realize how heavv load bus
iness has o drag after IL In climbing again
l. gislative uncertainties weigh heavily, but
other loads many overlo X The past depres.
sion, with trad ng and manufacturing failures
involving more than .! b,OOO,OOO In nine months,
being banking failures OF enormous LA
bill les, and failures Of railway and
other Arms, involv continual en-
barrassments, which men are prone to forget
There has been great encouragement during
the asst week In the fact that November pay
meuts are more satisfao ory than was expect
ed. and yet the extensions Of the month would
have seemed alarming in other years her.
chants who collect part Of tho amount due are
rejoiced, bu tn ir buving power IL not as large
as usual The ordinary shrinkAge in purchases
for consumption n lessening has still made 10
possible for many firms 10 go on as before, and
the lar est failure Of the past week, that OF the
Thurber.w whyland company, illustrates embar-
rassme Is which cannot be terminated in
week or n month
Monetary dinicultles no longer hinder. II 10
true the treasury cash has fallen TO &o7, ,ss6 Seo,
Of which only s-5 49J. s9l was in gold, but there
Is no such alarm as there was when the gold
reserve alone went below ti 10000
Business Is not leaning on the treasury, and
II is well that II Is not The receipts for the
month thus far are about e3i, O0,OJO less than
the expenses, and the imp rts In octo er de-
creased about t2J,JOJ OJO, partly because Of the
inhl ed valuation Of goods imported last year.
Weekly imports at New York decreased in
part from the same cause But while the i'm
ports in October were only sii,eii,Is2, and en-
ports OF products 81, ,osi, ,sl5, yet the enormous
balance o. merchandise account brought net
imports Of only u,jOLUO0 gold The ex.
ports represent large increase IN the quan.
tity d prOducts sold hut lower pricea. while
In place OF merchandise imported II is evident
that there h We been large imports OF securities
from abroad The banks Of New York held .
great surplus, and the fact now comes out that
OF the clearing house certificates recently Is
sued three banks took from 100000 TO Uooo.-
900 each, indicating the magnitude stock
loans carried yer.
The condition Of industries improves, but
they wisely wait tho revival Of purchases by
consumers TWentg -fou- OF all kinds havs
who ly or in part resumed, against fourteen
closing, yet less than half the iron work. 2
power is active, and out OF ninety-nine woolen
works at the east only ten are working full
time, while fortv.hve were shut November !,
the production for four months in mems woolen
being II, 1881 yards, against S,obaSo o last
year Stat factory inspectors report that out
Of 90 persons employed In textile mills In
Philadelphia, H. o are at work Therefore
II Is tn more gratifying that for the hrst time
IN many months the sales OF wool exceed those
pounds larger than In any week since January.
ClOthiers began TO realize that ey cannot get
goods At all unless thuir orders are OF tho mills
early IN December
In OTIS and shoes there is also gooi demand,
and most factories arc receiving orierA
though not enoush for full employment Ship
me nts from Boston for the week were only 5
per cent le 3 thnn year go
This great hange in steel rails, which are
s-id to be selling AT Pittsburgl for 81, instead
u s.sa few weeks ago. has given much stimu.
lous to the demand for materials, and western
mills have also taken some large structural
contracts little better tone is seen In
ig iron. and larger orders are received
for cast iron But the whole business Is still
smhl The Ncw Jersey Central has suggested
stop age OF the anthracite collieries LOT two
ia In IN week to sustain the price, and
tn re Is said to be general assent
The decrease In the volume OF business
through the clearing house contlnu about
the same, and for the last week was 1910 per
eyut he fai ures for the week have been sst
IA the United States. against 9Jb last year, and
d In Canada, against 20 last year.