The Coconino weekly sun., 1894-01-18
BUSINESS IMPROVING.
So Dun Reports It for the Second Week of the New Yesr-The Money Plethora In New York.

 So Dun Reports It for the Second Week of
 the New Year-The Money Plethora Tn
 New York
 NEW YORK, Jan. 13-R. G. Dun & Co.'S Weekly Review of Trade says:
 Business has improved since the new year and the gain is no longer visible only in specu- native markets. It is the only kind of gain that has in it the possibility 0 lasting because n IS based upon actual increase in the produS. tion of industries As all joce to see it, there is perhaps a little disposition to reckon the gain greater than 1t is as yet, but several large establishments have started part force, hoping to increase and more smaller works have start ed than have stopped. Orders from dealers whose stocks approach exhaustion form Q prominent cause another is the widely preva- lent impression that action at Washington will be more satisfactory than many have expected, and belief that in any case the situation will not be changed until goods now in the works can be marketed Whatever the cause, even moderate gain is most cheering. The output Of pig iron January is reckoned by the Iron Age 99,0s1 tons weekly, which k slightly less than Decenb l, though the Pittsburgh auth jrity makes it a little larger. In either case 1t is from 4l to 43 per cent less | than yea- ago and stocks of unsold pig in | creased l9, 4T tons in December, though they | decreased as much in November Some | mora furnaces begin production this month | and prices show no recovery Indeed, the | Lowmoor works, of Virginia, have reduced the price of No foundry 10 SIS per ton. and | finished products, steel billets and bars again making the lowest price on record, though the tone is more hopefu! both here and at the west with little more business. Copper, tin and | lead are weaker
 | Sales of wool for the week are 27S6TOO l pounds at the three chief markets, against | 6 lng hut hnrn "a innnirv | from carpet and worsted manufacturers some | having started additional machinery. Over. coatings are 10 to l5 per cent lower than 8 i year ago but the deliveries of dress goods are ! larger than of late, and the demand is more urgent
 In cotton goots there is no definite change | Shipments Of boots and shoes for the week I were nearly quarter smaller than year ago, | but there IS grow ng confidence that the busi' ness must soon increase.
 Speculative markets are irregular railroad | stocks having declined every day Q little, | though but 70 cents per shars n all, the chief cause being the reduced earnings, the passing ! of the Louisville 6S Nashville dividend and for eign selling Of that and the grang stocks. Trust stocks averaged higher every day until Wednesday, and are still 5I cents higher for the | week Earnings reported for January thus far show n decline Of 2L per cent, and Of the last week of D cember l5. ! per cent, western lines l averaging more and southern less decrease The heaviest tonnage ever recorded from Chi cago is al rates which result in no increase ir earnings.
 The Reading statement, showing large loss in speculation, the movement of bondhodrrs
 in the Achison and the strife over New En-
 gland affect some home as well as some foreign
 holders An analysis of railroad earnings last
 year shows lat of all classes of roads the coa
 roads only lost in the first half of the year
 while this was the nly class which gained 1T
 the second half
 Bank clearings also indicate that no large
 gain has occurred us yet in the volume oi
 business being 2l per cent smaller than veal
 ago
 Money continues to pour into this city, as 1 would not if trade approached normal activity
 and the demand is so narrow that loans art SIOO OJO,O0I below deposits Foreign exchanE' ba rsen2 cents in fortnight and some lool
 f gold exports again
 Returns of sal published last "eek attrac great interest as a more definite measure o
 the condition of various branches of bushes
 than has been obtained through other sources Additional turns. thirteen in number in fro
 manufacturing, twelve in cotton, three Il
 woolen amp four large grocery concerns, mlk the aggregate Of saes by LAS concerns VI!
 75g6 Q in the last half of is9j. against S5li2JJ
 3IG in the last half of ls9!; decrelss, 3J3 pc . cent
 Failures for the past week have been ~ i , the United States, against 2'6 last year, an | 57 in Canada, against 70 last year