The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-09-01
FINANCE AND TRADE.
Slowly Returning to Normal Busi-
ness Conditions,
FAVORABLE IHPLUgNCBs AT WORK.

The Settlement Of the Tariff Question Is
Having Its Eject on Returning Prosper
ity, Though Prices Are Tending Down
ward-FaIlures stnl Few aud small.
NEW YORK, Sept. 1.--R G. Dun & Co.'s
weekly review of trade says; The activity
which came with exhausted stocks and
the pressure OF delayed fall demands, and
was increased by the removal of doubt
about the tariff has continued with heavy
entries of foreign goods since the bill be-
came law. The gain is not yet what has
been expected, and business, IL good in
comparison with last year, is still poor in
comparison with years preceding Pre-
sumably there has not been time to feel
the full effects of the change, and grad
ual gain will be more healthy and encour.
aging than a spasmodic rise, but the ex-
pansion Of commercial loans has suddenly
ceased, prices Of manufactured products
show weakness rather than strength, and
there has been a reaction in the stock
market prices Of railway stocks averag-
ing 81 cents and Of trust stocks of 2.ll
per share lower than a week ago.
Wheat moves largely, and western re-
ceipts were 3, ,162, III bushels for the week,
against 2,929,90l last year, and for Aug.
d, 500 900 bushels, against 10, SOC, 600 last
year, which does not fit short crop predic-
tions. Fears of frost, the crop being late
are argued as reason for quotations
otherwise unwarranted. Cotton has de-
elined an eighth for the week but the
year closes with every indication of a
yield materially exceeding the worlds
maximum consumption of American, and
with 900 900 bales of old cotton In sight
II all the mills were running full force
the situation would not promise much.
The demand for products Of iron and
steel has increased, but prices tend down
ward where any change appears, as there
is not enough business yet to employ the
works in operation.
Failures are still few and small. For
the third week Of August the reported
liabilities were s2976, 51s but for three
weeks only SPA, 40, of which $2,s45, ,33s
were of manufacturing and 1854, Ala of
trading concerns. The average is only
$ll, ,521 per firm failing. The failures this
week have been 1888 in the United States,
against 1856 for the same week last year,
and 40 in Canada, against 80 last year.
Bradstreets' review says: At all but a
few of the cities from which special tele-
grams are received favorable influences
are shown to have been at work. result
ing in still further improvement in the
business situation since the settlement OF
the tariff question.
At Boston fair fall business is doing
in dry goods, tirmness characterizing cot
ton fabrics prices, owing to the New Bed
ford and Fall River strikes The free
wool clause of the new tariff resulted in
Is, /, 1,,,,, l.. a. 4
newed activity among manufacturers.
Next most conspicuous Withdrawals from
bond are dry goods, crockery and glass
ware. At Philadelphia, as at New York,
1 sugar is advancing on speculative de-
mand, and it is declared grocers will carry
| heavier stocks.
New England wooden mills are now re.
| porting recorders for heavy woolens. Prints
and dress woolens are selling freely, and
there has been and is an increased de-
mand for funds at larger eastern centers,
not only for withdrawal of goods from
bond, but to meet increased offerings of
| commercial paper.
All western centers covered. except Gin
I cinnati, Cleveland, Detroit and Omaha,
report distinct gains in the volume OF
| business this week. The relatively favor
able condition of trade in the region trib-
utary to the three larger Minnesota cities
during August is based on better wheat
crop than predicted and practical deple-
tion of country storekeepers' stocks. AT
the south Atlanta and Birmingham alone
do not report a large volume of business
but the character of cotton shipments in
the near future will determine the vol
ume of purchases 1t is noteworthy thai
the financial condition of Texas mer-
chants is said to be better than for years
A Gang Of Burglars Captured.