St. Paul daily globe. [volume] (Saint Paul, Minn.) 1884-1896, 1893-09-16
lstVlGu IsADE.
Plenty OF so lty fl at and Gen
eral Improvement I.eported.

erai Improvement reported.
NEW YORK. sept. Is R G. Dun q
Co.'s weekly reVrw will say: Returns
from ever! part OF the country SHOW de-
cided Improvement. Hopeful feeling
prevails. money grows abundant al
speculative cruterS, and somewhat
easier for commercial purposes. The
number of establishments reported as
resumlng work. thirty-0ne wholly and
twenty--iX in part. still exceeds the
number closing. thirty-thrpe for the
past week, le$isieS ten reducing force,
SD that he hands employed have some
what increased. The hummer of unem-
played is still very large. the great in
dusrries are stiff Jar below their nor
NAL productivenpss. aud part of
the resumption of work has
been secured Ivy lowering prices
and reuucing wages. But business
Is pulling itself together, and even The
crop report has caused little depression
in stochs. Industrial Improvement, is
large in cotton: and otherwise appears
scarcely more satisfactory titan last
week. AbUut tw1-thrds of the Fall
River mills are operating. .bul al a retuc-
tlon of 10 tu Ii per cent in wages. and
thrre has bpeH'a sharp cut IN prices of
s"me leading cotton goO,Is. Several
Shoe factories have started in part. but
orders are said not 10 he enough to- keep
half the force ia employment. although
distinct Improvement is noticed. Ship
mentS from Boston for the week
SHOW A DECREASE
of 40 per cent. Several glass. pottery,
hardware and silk establishments have
reSuIptd, with number making
iron sp 'cialtIpS, though none of them
in full force. In all eighteen
reported metal works have started
in part and six wholly. white thirteen
llave stopped and fourteen have reduced
hands or wages. 1 h. output of pig
iron Sept. proves to have been 81, 6O6-
TONS weekly. Il decrease of 9S949 since
May /, in,lhcat NJ that only ID per cent
of the productive force was empiOyed.
Sales of gray forge for 81 at Blrming-
ham and oil steel biIlets for $3.50 at
pittsnhrg support the statement tina
the resumption of work in many cases is
at The expense ot great sacrifice in price.
But in this industry business revIves
more vigorously at the West than at the
East. Au-ObviouS effect of short crops
is that + ilroad earnings may shrink,
with smaller demand the coming year
Tor iron or products and for stocks. But
the stock market yielded very little
after rising nearly 81 per share OH Sat
urdav and over SO cents on Monday.
Abundance of monryseeking loans ON
collaterals and call tends to render the
market indifferent TO public abotentiom
and
REDUCED EARNINGS.
In September thus far the decrease in
earnings has been % per cent on scat
tered Eastern roads, 1913 on trunk lines,
14.S on Western wheat and 22.6 ON West
ern corn-carrying roads, 252 on South
ern roads and 1875 ol. Pacific roads, av-
eraging for all thus far reported 14.7
per cent. The restriction of domestic
trade is shown in clearing house returns
at principal cities, which decline 1894
per cent compared with last year, but it
is too soon for improvement just COM
menced to affect payments. Expectation
of large foreign investments is not yet
realizing, ana exchanges have declined
toward the gold-exporting point, as fut-
ure exports of products are liable to be
restricted by the shOrtness of crops and
the advance in prices here. Exports
last week were large, and for two
weeks have been 80 per cent more than
last year. While a decrease of 81, ,5OO.-
900 appears in imports for two weeks. it
is largely due to the fact that values of
coffee and sugar from Brazil were
stated last year in paper worth 10
cents on the dollar.
The number of firms failed have
greatly diminished. The failures re-
ported this week have been in the
United States only 3l4 against 32l for
the previous week and 154 last year, and
In Canada q against % last year.