Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1893-09-07
CRISIS OVER.
Dun's Review on the General Re-
turn of Confidence.
MANUFACTURERS WILL SOON FEEL 1T.
Anxiety About Money Greatly Relieved
Gold Imports Practically Ceased
business Failures Are
Decreasing.

New YoRK, Sept 2.-R. G.. Dun &
Co. s weekly review of trade says:
Money markets throughout the country are
more healthy, failures diminishing in number
and resumption by number Of banks and other
establishments illustrates the general tendency
toward q revival OF confidence. Manufacturers
do not yet feel the upward Impulse and exhibit
on the whole rather less signs OF improvement
than week ago Tue record OF the week has
beon mainly one OF satisfactory progress to-
ward recovery
Wheat was affected to some extent by the
Vienna report, though II was presently real.
lied that the estimate as to this country was
no more reliable than those Of the department
and that the estimate as whole gave no as
surance that the heavy surplus OF old wheat
would be required Corn yielded little with
more satisfactory crop reports but In spite of
better adyices from the more important cotton
producing states the price OF that staple
was advanced IN eighth The stock carried
over from the crop year Just closed,
without any allowance for such decline In
consumption as has been witnessed during the
past half year, apparently renders II certain
that there will be no cotton famine for n year
to come. The stock Of American at home and
abroad Is about $1,000 bales The industrial
situation mends but little, The signs OF i'm
provemcnt observed q week ago are scarcely
sustained tor while twelve textile and thr.
teen iron and steel concerns have resumed
one iron and steel concerns have stopped
In addition thirteen others have reduced
working time and several have reduced
working forces, and large number OF the
works, including most OF those In FAN River,
have reduced wages from 10 TO % per cent. A
more cheerful tone Is seen In iron and steel
markets nevertheless prices do not improve,
nor are orders sufficient to cause general re-.
sumption Of work The shipments OF boots and
shoes from Boston show decrease for the last
week OF 80 per cent compared with the CORE.
spending week last year.
The sales OF wool at the three chief markets
las week were only l,it6,I2l pounds, against o &.
$3.50 for the corresponding week last year,
and the decrease in sales since new wool began
TO come forward has been about 6s per cent
Somewhat more buying Is seen In cotton goods
from the west and south, but tho market is still
narrow and hositating
Tho anxiety about money has been greatly
relieved and scarcely any premium is now paid
for currency, partly because many concerns
which required cash for payment Of hands have
stopped, while many Others are using checks
and other substitutes for cash
The decrease In imports at New York In Au-
gust was about 80 per cent, while In exports
from here there was small increase OF as per
cont Since the advance In rates by the Bank
OF England engagements Of gold for shipment
to this country have nearly ceased, thou gh o., =
I5l,000 arrived during the week
Disbursements Semptember are about s20,'
10000 and % 0lO0OJ at Boston and Phiadel
phia In railroad earnings thus far reported
for August the decrease IL lL7 per cent
The failures number during the past week In
the United States $50, against iis for the same
week last year, and In Canada 90 against rs last
year, But OF Arms failing In the United States
only ten were employing capital exceeding
10000 each and only sixty'two others exceed
ing 5000 each. In the eastern states the fail.
ures numbered liJ and the western Ia, in the
southern % showing improvements In each sec.