Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1894-02-10
coNplrIoN OF TRADE.
Tho Outlook Good According to Dun and
Bradstreet.


NEW YORK, Feb. 5.-R. G.. Dun s.
Co. IS weekly review of trade says:
"a fresh impulse has been given to business
this wesk by the success Of the treasury In OBJ
tanning gold for Its reserve, thus trengthening
confidence in Its ability to maintain gold pay
ments. Revenue has fallen OFF so much and the
prospects for the loan looked so uniavorable
until financial institutions here decided to carry
IT through, that some anxiety about the none
tary future was natural Gradual improve
ment in business explains the appearance OF
more commercial paper in the market this
week than has been seen for long time,
though, yet, the vast accumulation OF idle
funds Is proof enough that trade has by no
means regnined normal proportions.
Industrial recovery continues, though IL Is
but gradual, in response to the demand OF q
people whose consumption at Its lowest is
greater than that OF any other country, and
more mills ore now at work
Larger demand for structural iron and steel.
for railway materials except rails, for barbed
wire, and especially for wire nails and wire
rods, gives better look to the iron in
dustry both east and west Chicago
notes distinct Improvement Al Pittsburgh
business is larger, though prices do
not gain, and even at Philadelphia trade is
better both for pig and finished products, while
encouragement is found in the fact. that prices
do not further decline Only four of the eleven
stacks of the Thomas Iron company In oper-
alton, and OF Connellsville coke ovens s, 40 out
OF 8, l06 are idle
domestic exports for four weeks have been
IA per cent lower than year ago, while inn
ports have been 81 per cent smaller. Customs
receipts for January were but Sll,500,00O,
against sci 900 900 last year, and evidently the
success in the sale OF bonds is y matter of high
Importance.
Commercial failures for the week number
sC6 in the United States, against 255 last year,
ana 81 in Canada, against 40 last year, the list
including two of over $3.50 900 each Out OF
l,S22 failures reported in four weeks of January
the liabilities ascertained in l,643 failures
amounted to Sl9 i2g 637 of which ss 40 T03 were
of manufacturing and $40, ,323 1884 of trading con-
| Germs, no failures OF banking, brokerage or
| transportation companies or firms being in
| cluded."
Bradstreet's says:
"The success OF the government bond Issue Is
regarded with qualified satisfaction, but the eff.
feet on either speculation or investment
! is merely sentimental, Interviews with
| bankers at New York, Troy, Syracuse,
| Paterson, Cleveland, Chicago ana Nash
I vile show that the volume of mer.
antile paper offering has increased, though
! not to u large extent Providence and Boston
| banks are buying paper from other cities. Al
| such centorS as Kansas City, St Louis, Cinctn
natl, Pittsburgh, Philadelphia, Minneapolis
! St Paul, Milwaukee and Newark there is nc
increase in the volume OF commercial paper
offered.
I'm industrial lines the number OF establish
meuts reopcning is more than ten to one of the
number reported shutting down. In fact, there
is reason to believe that hundreds of Industrial
I establishments have begun work within q weel
or two, altho ough not on full time in all cases. q
which no specific mention has been made IL
print
! "Groceres and shoes have been sold at Cleve
land in reasonably satisfactory quantities, anC
Industrial operations, though on daily orders
are heavier than 4 month ago Manufacturing
establishments at Cincinnati are running
light but trade at Louisville Is re
ported steady and iobbers are conhden
of fair business, some of them buy
ing with comparative freedom Manufactur
ing establishments ut Detroit are taking ol
more hands, although general trade is quiet
There are moderate gains in distri button of dr.
goods. clio thing and shoes at Chicago. some
what better movement Is repor ted in groceries
drugs, Shoes dry goods and millinery ut 81
Louis and better feeling in iron and steel, a
| the demand has increased.