The Coconino weekly sun., 1894-02-01
TRADE REVIEW.
What Dun Has to Say About the Business
 of the Country.

NEW YORK, Jan. 27.-R. G. Dun &
 Co. S Weekly Review of Trade says: Secretary Carisles decision to issue bonds, and 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 main tenance of note redemp ion remove the only preteXt for further issues of paper, and thus give solid basis for greater confidence regarding the financial future The revenue is still small from GUS toms in January thus far $lO, sJ1,5Jl, against al9 935, tSj list year, and from internal taxes, s0 4s7 970 against sll J6S i9S and the volume or domestic trade is still small The increase in number of hands emplof fed adds to the pur- chasing power of the people, and dealers stocks are so reduced that any sign Of larger consumption quickly gives mills more orders. In shor, the conditions are such that II not Interrupted by adverse forces, they would Naturally bring steady revival of business
 Industrial gain is more definite than week ago Few establishments have stopped work, wnile many have resumed or increased produc- tion. and though these are not works employ ing thousands each, the aggregate increase is considerable. Reductions in wages continue, md about quarter of them are Of 2D per cent, the rest ranging from to lT per cent In no direction are quotations of manufactured prod ucts higher. but while some have actually de- clined the general tons is somewhat stronger.
 Thus distinct improvement is seen in the de- mand for iron products at Philadelphia, though for some time 1t was thought 1t would not be lower Sales of pig are lower, and southern forge is sold for 8 .75 at Birmingham, the lower price telegraphed last week having been, 1t is stated for q lot of inferior quality The Ten nessee Coal Iron Co has made contracts for ore, hich reduce the cost Of its iron 22 4 cents per ton, and lower contracts for ore and freights are also reducing the cost to consumers Of lake ore. Connellsville coke is quoted at sl per ton. with the number of ovens in operation practically unchanged The increase in de- mand for iron products is mainly in structural forms, cast pipe, wire rods, barbed wire and wire nails, while in rails and other railway iron business is remarkably small
 Textile industries have increased working force mainly in knit goods, underwear and carpets, though several woolen mills have started and others are reported about to start Sales Of wool are larger. amounting at the chief markets to 93S, ,.0J pounds, against 5,66l, 35O for the same week last year, but prices at Philadelphia are half a cent 10 one cent lower, while at New York there is moro inquiry from carpet and other mills. Trading was checked by disappointment regarding the date at which changes of duty are to take effect and there is little desire to place or accept orders until the future is more clear.
 ihc SLUG hhu leatneT trdues appear to gum little, though shipments from Boston for the week are again p per cent smaller than las year. Pr, duce markets have been decidedly dull, though wheat for May fell at one time to the lowest point on record. Western receipts for the week were l,9Ts bushels, against g. .3sl last year, and of corn, 3I52sSN, against 275S,13J last yeur Wheat exports are insig- nia ant and the stocks in sight are 100 large for spectators or short crop prophets Coffee and petroleum are 8 shade lower. Cotton. aft CT decline, has advanced shade, although receipts continue heavy.
 Failures in the United States were i30 this week against 255 last year. and 55 in Canada against 70 last year None are of great magn tnda