The Irish standard., 1894-09-08
LOOKS HOPEFUL.
A Gradual Improvement In Trade
Is Reported.
A Frightening Up In General Business
Noted In All Sections - Situstion
More Encouraging Because
Of Slow Development.
GAINING SLOWLY.

x
New YORK, Sept 1.--R. G. Dun q
Co.'S weekly review of trade says:
THE activity which came with exhausted
stocks and the pressure Of delayed fall de-
mands, and which was Increased by the re-
moval Of uncertainty about the tariff has CON
tinued with heavy entries OF foreign goods
since the bill became Law. The gain Is not
yet what was expected, and business. II good
In comparison with last year, 10 still
poor in comparison with years preceding Pre-
sumaoly there has not been time 70 feel the
fun effects Of the change, and gradual gain
will be more healthy and encouraging than
spasm odic rise. but the expansion Of CONNER
cial loans has suddenly ceased, prices Of man
ufacJured products show weakness rather
than strength, and there has been reaction
In the stock market, prices Of railway stocks
share lower than a week ago.
The price Of wheat has risen shade during
the week. Corn advanced 81s cents, while
pork has risen 25 cents per barrel and lard IS
cents per 100 pounds Fears Of frost, the crop
being late, are argued as reason for QUOTA
ttons otherwise unwarranted. Cotton has
declined an eighth for the week, but
the year closes with every indica-
ton Of a yield materially exceeding the
worlds maximum consumption of American
and with 800, 600 bales OF old cotton In sight
The demands for products Of iron and steel has
increased, but prices tend downward where
any change appears, as there Is not enough
business yet to employ the works In operation.
The Failure Record.
Failures are still few and small For the
third week Of August reported liabilities were
S2e76,51s, but for three weeks only ss 2l4 40 Of
which S2s4b ,38s we're manufacturing and Ss 1884, :
l4 Of trading concerns. The average is only
Sl1 sci per Arm failing. The failures this week
have been 1os In the United States, against $50
last year, and 20 In Canada, against 70 last
year"
Bradstreet's View.
Bradstreet says:
"At all but a few Of the cities from which
the special telegrams received favored tnf1u-
ences are shown to have been at work, result
ing in still further Improvement in the busi-
ness situation since the settlement OF the
tart1 question The free wool clauAe OF
the new tariff resulted In heavy with
drawals OF that staple and renewed activity
among manufacturers Next most con-
spicuous Withdrawals from bond are dry goods.
crockery and glassware. At Philadelphia a.
at New York, sugar is advancing on speculative
demand, and IT is declared grocers will carry
heavier stocks. The outlook for iron and steel
IN not for an early advance In prices, due 20 In
,creasing output. New England wooden naills
ore now reporting orders for heavy woolens.
Situation at Many Points.
THUS far funds DO move crops have not gone
west as freely as anticipated. All western cen-
ters covered, except Cincinnati, Cleveland, De-
troiH and Omaha report distinct gains In the vol.
ume Of business this week. The relatively favor
able condition OF trade In the region tributary
to the three larger Minnesota cities during Au-
gust 10 based on o better wheat crop than pre-
dicted and practical depletion OF country store
keepers stocks.
AT Cleveland previous gains in the business
situation are retained, notably hrmness in lake
fretghts and In the demand for money. Cincin-
natl manufacturers are quiet and there is only
q moderate demand 1os groceries and dry
goods. Louisville has felt the stimulus more,
reporting healthful gain this week notably
In tea and tobacco. Detroit's interior trade Is
less active than 1t would have been except for
the drought. Chicago reports gains In the de-
mand in all lines, particularly in dry goods
clothing and shoes, and in iron and steel St.
Louis volume Of business continues to in
crease.
THE surprisingly favorable news Is received
that Kansas City merchants, Notwithstanding
the effects OF the drought, have been having .
larger trade and making better collections. At
Omaha no material change Is noted except that
country merchants being compelled TO buy
nearer home helps Omaha jobbers. A large
business In staples has been transacted at
Milwaukee. At St Paul and Minneapolis the
improved business OF the month Of August Is
continued. Activity characterizes trade at
San Francisco In all lines. Grain vessels are
In demand, with wheat and bags lower and
freight higher.