The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1894-02-03
BUSIN ESS OUTLOOK d
Evidences OF Increasing Activity
In Various Industries.
The Gain Is More Definite Than One
Week Ago-Produce Markets Com
tinus Dull-The Record OF
tEs Failures.
SIGNS OF BETTER TIMES.


New YORK. Jan. 27..-R g. DUN &
Co.. 8 weekly review OF trade says:
Secretary Carlisle's decision to issue bonds
yaad the early reports Of large bids for them
helped 10 accelerate recovery of industries and
trade, as was hoped last week Sale Of the
amount offered will check anxiety about the
maintenance of note redemption, remove the
only pretext for further issues of paper and
thus give solid basis for greater confidence
regarding the financial future The revenue ia
1ill suall-from costumes In January thus far
90, s05 60l, against &c. 9S5785 last year, and
from internal taxes 49, Al, 979 against sl O6S 4es
and the volume of domestic trade is still
small.
" 1.-THE increase in the number Of hands ON.
ployed adds TO the purchasing power Of the
people, and dealers stocks are 80 reduced that
tsny sign OF larger consumption quickly gives
mills more orders In short. the conditions arc
such that, If not interrupted by adverse forces
they would naturally bring steady revival Of
business.
Industrial gain is more definite than week
ago. few 90 establishments have stopped work,
white many have resumed or increased produc-
tsdon, and though these are not works employ
ang fhonsands each the aggregate increase IL
considerable. Reductions in wages continue,
and about 8 quarter Of them are of 70 per cent.
the rest ranging from to II per cent
I'm no direction are quotations of manufao-
Ituany declined the general tone il some
what stronger The increase in deraand for
iron products is mainly in structural forms,
cast pipe, wire rods barbed wire and wire
nails while In rails and other railway IRON pusi
mess is remarkably small.
Textile indus tries have Increased the VI orA-
ing force mainly In knit goods, underwear and
carpets, though several WOODEN mills have
started and others are reported about TO start
The shoe and leather trades appear TO gain q
little though shipments from Boston for tbs
week are again "a per cent smaller than last
year.
'"rhe produce markets have beer de-
|ctdedly dull, though wheat for May fell
at one time to the lowest point record
Wheat exports are insignificant and the stocks
IN sight are too large ror spectators OF short.
crop prophets. Coffee and petroleum
shade lower. Cotton after decline, has 3D.
'vanced shade, al although receipts continue
heavy.
Failures in the United States were Aao this
week, against 255 last year. and IS in Canada
Agalns1 20 last year. None are Of grea1 Inagni-
tude. The liabilities OF the firms failing thus
FAR reported this year amount TO sl3, 65s 800. OF
which IS O72.a:7 were manufacturing anc $780,
1855 OF trading concerns
Bradstrcet's says:
1.-THE Improvement in Industrial and CONNER
Gial lines heretofore reported continues To grow
moderately and shows ga1ns from week
10 week, although conspicuonsiy
in manufacturing than i'll commercial
pines This is indicated by The records
manufacturing establishment this week com.
pared with seventeen shui-dowus. and by the
total OK 1910 227 ,0Jo, the bank clearlass Of the
week at hfty.four Cities which is per cent
Smaller than in the preceding week and 81 per
cent smaller than in the like week last year.