Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1893-10-14
DUN'S REVIEW OF THE WEEK
A Lack of Confidence Due to I'm,
certainty About Silver.
An lnoreass in the Volume OF Money...Sette'
Prices for Cotton and Pork...Orders
Too Small to Keep Factories
Going Full Time.

New YORK, Oct. 7.-R. G.. Dun &
Co.'S weekly review or trade says:
1t is difficult TO see any signs Of i'm
provoment. While there has been some
addition TO the number Of manufacture.
ing establishments and the demands Of
hands at work during the past week, il
is becoming painfully clear that the or.
ders obtained do not suffice to keep the
employed at work full time. The bust,
ness transacted is far below that of last
year in volume. In railroad earnings
the decrease is 10.t per cent in spite OF
large Worlds fair business and III pay.
ments through the principal clearing
house outside of New York. the decreas,
is 200 per cent. Reports from other
cities disclose n distinct check in bust.
ness. There is on the whole less activity
and less confidence regarding the future
than there was a week ago and this il
many cases is attributed to the uncer
tHinty regarding the monetary future
which deay in the senate causes
Lack of Condolences the Principal Trouble
While The volume OF all kinds OF
money has increased 1921. Ell ,277 during
the month Of September and is now
greater by almost $40, 000, 900 than ii
was last year, embarrassment is now asst
has been all the time, due to lack of con
fdence rather than to q lack of currency.
il is oil served that while the bank circu.
lation Increased 5,0j2, 3l7 in September,
the amount Of bank notes in the treasury
has increased $4,657, S94, and several Of
the banks which took out additional cir.
culation have retired it and sold the
bonds deposited. The stock of money
in New York banks has increased rap.
idly and the retirement of clearing house
certificates here and at other cities
shows a great improvement in the none.
tary situation, and yet there is but little
increase to lie perceived in that conf,
dence upon which commercial or indus.
trial loans mainly depend.
Orders Are Found Too Small.
There is not such encouragement as
night be desiredi in the industrial reports
for the week. Many concerns are work.
ing short time while the general reduc.
ton in wages also affects the purchas.
ing power of the persons who still have
work. The sagging in the prices Of
print cloth discloses greatly retarded
business. The demand for iron pro.
ducts is on the whole less satisfactory
than ii was a week ago. Steel billets
are selling at Pittsburg for SiS per ton
and there is practically no demand fol
rails. In manufacture of wool there il
still remarkable hesitation and the
demand for consumption is much he.
stricted. The market for stocks and
products have been comparatively dull.
Prices of Cotton and Pork Advanced,
Trading has been large excepting in
the industrial stocks and few Of these
have been active. The movement has
been fairly good and the price has de.
clire1 about &c, while cora has also
yielded about 1c. Cotton is about &c
higher, without distinct reasons in crop
prospects, and pork products are also
somewhat higher; pork, 75c per barrel.
OIL has advanced sharply and after some
reaction closes &c per barrel higher than
a week ago. II is possible that the sur.
pins of currency in circulation has its
natural effect in stimulating speculative
activity. Happily the changes thus far
have not diminished the exports Of prod
acts which continue fairly large.
Decrease In Numbcr of Failures.
Failures continue TO decrease in mum
bers and importance. The number re-
ported in the United States during the
past week has been $50 against 1874 for
the same week last year, aud Canada Al
against 46 last year. Tho disposition TO
include all banking and financial fail
ures with those of the commercial and
manufacturing concerns during the last
year has led 10 statements which do
much injury to mercantile Interest,". Ii
the accounts published this week under
the appropriate heading, it is showed
that the aggregate liabilities of CONNER.
cial failures during the last quarter OF
the year were but $5s, s14, &c, including
some not properly classified, and that
the aggregate Of So, 400, 040 may he
fairly compared with failures of a SINH.
lar character reported in past years.
During tho first half of tho year the
failures were in amount Of liabilities
SlGS, 9?0, 1888, 50 that the aggregate, moi
including banking and financial fail
ures, has been not more than $25l $40,
$40.