The News-Herald. [volume] (Hillsboro, Highland Co., Ohio) 1886-1973, 1894-11-22
TRADE REVIEW. I
A Gradual improvement In Business Gem
orally Apparent.

eTnliy AppHreuts
New York, Nov. 11-R-. G. Dun &
Co.'s weekly review of trade says:
I'm nearly all branches Of business gradual
improvement appears, and the horefui, feeling
observed last week has Continued. II Is also
noted, however, that the main conditions OF
business and trade have not specially changed,
and this becomes clearer TO the disappoint-
ment Of some. Low farm products, low
wages and only partial employment Of
limited demand hinders the recovery
of Industries. The tendency toward re-
covery has not ceased, and many establish
ments have resumed or added to their pro-
ducing force, some also advancing wages, but
it will take time to lift business out Of its de-
preston and the progress made. II less than
the sanguine expected, Is at least encouraging
The decision to offer s50,000000 bonds for re-
Punishment Of the treasury reserve was, by
bankers, generally approved, but events are
showing that restoration Of confidence can not
by itself remove all embarrassment.
ait Is generally assumed that the offered
bonds will be taken at once. The effect is less
easy to anticipate, for the formal announce
ment that after general reconstruction OF
the revenue laws, 1t is still found necessary to
borrow largely, tends to reise doubt about H.
nancial provisions for the future The report
cd importation of gold from London, with
loss ON its face Of $500 at present exchange
rates, is presumably meant to AFFECT bond sub
scriptions There have already been some
Withdrawals OF gold from the treasury by re-
demption of notes to make payments for bonds,
and goods rather than gold are likely to come
from Europe.
Money continues to accumulate, while the
| outgo to the south has diminished. Bankers are
much encouraged by indication OF larger busi-
ness but there Is no increase as vet in CONNER
cial borrowing, and one dry goods loan has been
taken at 24 per cent. Merchandise imports in
two weeks of November have been 16 per cent,
larger than last year. thought 80 per cent less
than in 1892, and exports for the same time
show decrease of about per cent.
Exports OF breadstuffs, cotton, provisions
and oil in October were s57 ,367, against
S5s,8,s935 last year. although million bales
| Of cotton went abroad, and the value OF the
| same quantities exported this year would
have exceeded 600 at last years prices,
| the difference in prices alone being &l0, 900
| in cotton and s., 400 900 in breadstuffs.
| ''Boot and shoe shipments from Boston in
| two weeks have been 15l.361 cases, against
1851 cases last year, and 3O549 cases in 1892.
| Orders for the cheapest goods have multiplied
| SO that most producers Of such goods are occu-
| pied uatil next year, but better grades are
| still neglected.
Failures In the first week Of November
| were rather larger than Of late, liabilities
| amounting to $2,Si4,445, Of which &42, ,420 were
| of manufacturing and o., ,0s6,977 Of trading con-
| cerns In five weeks ending November l. liza
| bilities in failures were 300, Of which
| $4,46Iels were of manufacturing and $657i ,974
| of trading concerns.
THE failures Of the past week have been 30
| in the United States, against 232 last year, and
| 8s in Canada, against SO last year"
Bradstreet's says:
Perhaps the most conspicuous favorable
| feature of the general trade situation is made
| in numerous reports from merchants through
| out the country of q disposition to regard the
| outlook more encouragingly, and with in
| creased confidence in an early improvement in
| trade Even from many portions Of the south
| and southwest advices from the interior are
| that the country merchant is doing
| an increased volume of business, based
on favorable weather and the large
crops. This is the more striking in view Of
continued reports Of the unfavorable effect
| ton.
Great interest is shown in the t50,000.O00 s
per cent government loan. feeling has,
| however, developed that 1t is o temporary ex-
| pedient, and can not permanently check deple-
| tion OF the treasury gold. The belief prevails
that Q radical reform Of the currency is the
true remedy.
Exports of wheat from the United States
and Canada, both coasts, show q sharp squirt
following the declining movements Of week
ago, due largely to heavy clearances from
Portland, Ore, late last week, the grand total
(lour included as whea) amounting to 2,909,-
900 bushels, compared with 2,es9,000 BUSH
els the week before, 2.645,OOO bushels
in the week one year ago, 3,943,OOO bushels in
the week two years ago, and $3.50 900 bushels
three years ago."