The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-09-29
FINANCE AND TRADE.
The Business Situation as Viewed
by Commercial Agencies,
SOME IMPROVEMENT THIS MONTH,

The Volume Of Trade, However, Is Con-
siderably Less Tnan in "a Normal Year,
Being About Twenty Per Cent smaller
Than In september, 1892
New YORK Sept or. e. Dun & Co. IS
weekly review Of trade says: Special in
quiry has been made this week at all CONF
mercial ceuters regarding the state of re-
tail trades The main facts disclosed are.
First, marked improvement within the
past month and a considerable excess over
the business done a year ago, particularly
in the necessaries of life. But second, 1t
appears that the volume Of trade at pres
ent is on the whole considerably less than
in normal year. at most points, and in
the more important trades is apparently
about 20 per cent. smaller than In Sep
tember 1892
Evidence Of continued improvement in
wholesale trade and manufacture does
not appear his week. There is large dis
tribution in orders given some time ago,
but new business going to the manufac-
turers is everywhere slackening. The
completion of orders for repleuishment of
stocks leaves narrower demand, and it
IS yet too early for consumption to pro
vide further orders.
The depression in prices of farm pro-
ducts will have some influence. Unpre-
cedented records have been made in cot
ton and wheat, though as to wheat only
In contracts for future delivery, in which
the prices are the lowest ever made
1t is encouraging that the speculation
in corn has broken and the price has
fallen five cents, less gloomy estimates
than those of the department having
gained general acceptance. 1t is now sup
posed that the yield is not far from l, 800 -
0O0,0 900 bushels, which will compel much
economy in feeding, but speculation in
pork has also broken, and the price has
fallen 10 cents, while lard has declined
half a cent. The iron industry shows a
shrinkage Of demand, and the prices
quoted today are but little above the low
est this year
Failures are few and small, for the
weeks liabilities amounting to 50, 27S 5s5,
of which S2,3S2, ,3l3 were of manufacturing
and $3.50, ll2 of trading concerns. The
failures during the week have been 235 in
the United States, against 1874 for the same
week last year, and 50 in Canada, against
33 last year.
Bradstreets' review says, The feature
VI BeueIdl lIhut throughout lue country
is found in moderate reactions within the
week more particularly in the volume of
purchases of staples west, where trade has
been quite active, and at eastern points, in
the course of prices, the week failing to
show any upward movement of note in
this line; in the check to business in the
south. together with the damage to the
rice and orange crops.
Leading jobbers at different points who
for month past have reported most
favorable concerning the course of busi-
ness-Baltimore, st. Louis, Nashville and
ChiCago-send modified advices as to ac
tivity and the bright outlook Wheat has
made another Lowest price" >" and Indian
( corn and oats have both declined Sugar
| and coffee records lower figures, and an
| other lowest price for cotton has had AT
unfavorable influence on the tone of bust
ness at important southern markets, par
| ticVlarly in view of activity of receipts OF
| that staple
Exports of wheat Cand flour as wheat
both COASTS, United States and Canada
! this week have fallen off some, amount
! ing to 2,5G2,O) bushels, against 1881 ,OOC
| bushels last week, and 3,4gO.OOO bushels
in the week a year ago. Two years age
the total was 4,O45 600 bushels, three year,
ago q, ,405 900 bushels, and four years age
l ,59s 900 bushels