The diamond drill., 1894-11-03
BUSINESS INDICATIONS.
They Are More Favorable Than They
Were n Week Ago.


New YORK, Oct. 2T.-R- G. Dun 4
Co. s weekly review OF trade says:
''EnRrossing political excitement in many OF
the states causes natural slackcning In some
kinds OF business but ON the whole business
indications are rather more favorable than
they we're week ago Gofd exports have
ceased. quito a number OF mills have gone
into operation. and tho demand for products. II
not equal 20 that OF prosperous years, n bet
ter than IL has been most OF tho time this
year. The prices OF farm products do not i'm
prove much, and there are stlll some strikes
to resist reduction OF wages, so that the
purchasing power OF the people cannot
have materially increased, but there
is moro hopeful spirit which
prompts greater activity. On the other hand.
the record OF past transactions Is somewhat
less favorable than OF late. Payments through
the principal clearing houses throughout tho
country show n decrease OF i.e per cent. COM
pared with last year. and a decrease OF ei,p per
cent compared with the same week ia 1872. tho
decrease for four weeks being eos per cent.
Cotton has sold nc 81 cents for middiing
uplands and the large receipts at such low
prices indicate clearly that the crop Will 40
least be close 20 the largest. II not the largest
ever produced The anticipated settlement
OF difficulties at Fall River has not been real
lied and at present good many spindies and
looms are idle II Is interesting that. In spite
OF the low price OF the principal southern crop.
rather more improvement IA trade with the
south than with any other section.
"The wheat market is quarter lower. and
nothing appears 10 Justify any important
change Corn is higher without any very
clear reason, and II is noteworthy that at the
same time pork Is 55c lower-lard, a5c por 100
pounds. and hogs 4Oc lower. The contrast in
dicates how little the provision market de-
pends az present on natural relations OF sup
ply and demand.
81. a
couraging The boot and shoe industry leads
In improvement, actual shipments from the
east being larger than Ia any previous year.
The demand for wool Is not large AS IL has
been. Prices were put down before the new
tarin took effect. so that results OF foreign
competition are felt mainly IN reduced sales
OF some domestic wools Almost nothing Is
doing IA spring wooiens for mems wear, but
manufacturers are moro encouraged 10 believe
that as 70 large share ~ the cheaper goods.
they can meet any prices that foreign mills
may make.
lit Is stlll. as IL has been for some months.
q very encouraging fact that the volume OF
commercial failures Is small Reports for the
three weeks OF October cover liabilities OF
only g. 63q. .74i OF which g.. OIL were OF manu-
featuring and 1885, 567 OF trading concerns.
The failures for the week we're 23i In the
United States against s5s last year and bs In
Canada. against ~ last year.
Bradstreets says:
merchants interviewed in various portions
OF the country report In some instances the
condition OF business as not having realized
anticirations and at other points that the re-
cent bright outlook for trade IS modified.
Such gdyices are based IN part on the prastical
+ conclusion OF the fall trade and delays In de-
/ mand for holiday goods. General trade con-
\ iinucs checked throughout some portions OF
the regions supplied by Kansas city, ST. Louis
\ Omaha Minneapolis and 81 Paul, due TO un-
I seasonably warm weather"