The Roanoke times. [volume] (Roanoke, Va.) 1890-1895, 1893-09-12

New York, Sept. 11.-R. Ct. Dun 81 Co. .
weekly review of trade says: Improve
ment has extended from the banks to the
mills. The condition of great industries
has distinctly mended, though still seri-
ously depressed. More important by far
than apgsfise in stocks is the fact that
more works have resumed during the past
week than have stopped operation, 30 that
the producing force of the country, after
months of constant decline, he's begun to
increase. 1t is expected that most Of the
Fall River mills will start soon, the hands
asserting to reduced wages.
The money markets are more healthy,
the premium on currency has almost van
ished, the ambarrassments In domestic ex-
changes have we'll nigh disappeared. and
while very little money is yet available
for commercial or industrial loans, there
is some relief i'll that respect also.
1t was time for some improvement. Sept.
the output Of iron furnaces in blast was
only $3.50 tons weekly, against 107,0
Aug. and 1851 May l, 80 that much
less than half the producing force was en-
gagged, and yet the manufacture was so
stagnant that unsold stocks of pig iron in
creased 22, 600 tons a week in August. 1t
is stated that further red actions in the out
put have been made since September be-
gan.
The Thomas Iron company has reduced
its price for pig iron fifty cents, but some
other concerns are selling standard No. l
much lower-at sl4 per ton. Soft steel
has reached the lowest point on record, $40
ut Pittsburg, and substantially all rail-
mills in the country are idle, but there is
somewhat better demand for hardware,
wire rods. barbed wire, and contracts for
architectural work and agricultural i'm
PIGMENTS supplies are reported at Chicago.
While money mnrkets have greatly i'm
proved they arc yet lar from the normal
condition, and the crops are in doubt The
prospects for corn have not improved and
the injury done by drought seems to in
sure much smaller yield than was en-
pected. The price during the week has
advanced fully lj5c. Western receipts of
wheat have also been only 1875, 557 bush
els for the week, against 7,8o9054 bushels
last year, and rs accounts of short crops
abroad grow more definite the price here
has strengthened fully lc Exports for
the week have been only e. 100, 725 bushels,
against 2,473, 753 for tho same wee last
year
Cotton has advanced to cents, with as
surance tibet new treasury arrangement
Will facilitate the supplies Of money for
moving the crop. After touching cents
the price has fallen q sixteenth, and crop
fepoIlS are Bull IaVOTaDle OIL the whole IN
spite of the damage by the storm in South
Carolina.
That Che volume of trade has been small
OF late Is not surprising Exchanges
through the the principal clearing houses,
outside New York, continue TO show a
large decrease i'll comparison with last
year. The monetary situation has changed
but little, for there has been abundance of
money. and only confidence in employing
it is lacking.
The stock market has been somewhat
weaker during the latter part of tho week,
with considerable realization of profits.
and more attention is paid to railway earn
ings. which thus far show decrease of
1913 per cent for August. The average
price of active stocks, rising So per share on
Tuesday, has gradually declined
Failures for the week have been only a23
III number, against 3S5 last week and 490
for the week preceding, and % in Canada
against SO for the same week last year.