The Columbian. [volume] (Bloomsburg, Pa.) 1866-1910, 1893-08-25
Better Times Now in Sight.
BUSINESS TRYING TO GO AHEAD.

K. G.. Dun & Co.'s last weekly re-
view Of trade says:
There is rifle in the clouds
Faint and yet definite signs of i'm
provements are all the better because
they come, not from possibly delusive
hopes, or from momentary foreign aid,
but from the good sense and the won
derful recuperative power Of the peo-
pie themselves. Business is trying to
60 ahead without waiting for Washing
ton. Imported gold, So, 900, 900 more
during the week, does not go to the
right spot, but the people are creating
ahome.made currency for themselves
by using certified checks in paying
hands, selling local accounts and pur-
chasing grain and cotton.
The bank circulation has increased
two million dollars, but the decrease
of deposits Of national banks alone
from May 4 to July IL, was SI93,ooo,-
600 and during the past month with
drawals have also been heavy. Little
money comes back from timid boards
but that very fact pushes each section
and city into relying more on itself
and less or government and Wall
street.
Many concerns are failing or clos
ing but assumptions are now becom-
ing somewhat frequent. and in the
very shrinkage of production men see
evidence that demand must soon over
take supply. No such shrinkage re.
snlted at any time in five weary years
after the panic Of 1873 as has already
appeared in great industries. Pig iron
does not rally, but sells at $I4 here
and SIG at Pittsburg for No. 1, though
the weekly output has been reduced
fOrty-six per cent.
Though five have failed and twenty.
four stopped during the week, fourteen
have resumed. Only third of the
Connellsville coke ovens are at work.
Sales of wool have been only 1856
900 pounds against 5o,3a7,ooo last
year and it is stated that $4,000 looms
and 1900, 900 spindles in New Eng
land are idle which means more than
quarter CT the cotton spindles in the
country, but twenty knitting mills and
i've other cotton and wooden mills
have resumed, while twenty eight have
stopped and one failed during the
week. Somewhat fewer cancellations
are met in dress goods and there is
more buying of Fall woolens.
DECREASE IN RAILROAD EARNINGS.
With such shrinkage in the great in,
dustries, it is only surprising that rail
road earnings do not decline more, the
decrease on roads reporting in Angus,
thus far being eighteen per cent. The
decrease of twenty-five per cent. in
clearings outside New York last week
md thirty per cent. this week is onl,
natural. A little more money is now
'ound for commercial loans and fail
ires of banks have become both les:
important and less frequent.
The receivership for the Northerr
"acifc has been so fully discounted
hat it produced little effect in the
'tock market Prices of securitie,
lave yielded comparatively little anC
trading has been dull. Speculative
markets have generally declined {
traction, in spite of crop reports, which
are not solid enough to outweigh grea
stocks in sight. Cotton fell quarte
Of cent. Wheat drags near the low
est figures ever known in spite of de
crease in visible supply. The move
nent of corn is decidedly large, witt
crop prospects improving.
THE TREASURY LOSING MONEY RAPIDLY
Late advices from Washington arr
more encouraging in regard to hnan