The Iola register. [volume] (Iola, Allen County, Kansas) 1875-1902, 1894-01-19
BUSINESS IMPROVING.

So Dun Reports 1t for the Second Week OF
the New Year-The Money Plethora in
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-
lative markets. 1t is the only kind OF gain that
has in it the possibility lasting because it is
based upon actual increase in the produc-
ton of industries AS all rejoice to see ii. there
is perhaps a little disposition to reckon the
gain greater than ii 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
prominent cause: another is the widely preva-
lent impression that action at Washington viii
be more satisfactory than many have expected,
and a belief that In any case the situation will
not be changed until goods now in the works
can be marke ted Whatever the cause, even
moderate gain is most cheering.
The output of pig iron January | is reckoned,
by Che Iron Age 99,0a7 tons weekly. which l.
slightly less than Decemb !, though the
Pittsburgh authority makes 1t little larger
In either case 1t is from Al to 43 per cent less
than q year ago and stocks OF unsold pig in
creased 49, 457 tons in December, though they
decreased as much in November. Some
mora furnaces begin production this month
and prices show recovery. Indeed, the
Lowmoor works, OF Virginia, have reduced
the price Of No foundry TO slS per ton and
finished products, steel billets and bars again
making the lowest price on record. though the
tone is more hopeful both here and at the west
with a little more business. Copper, tin and
lead are weaker.
Sales of wool for the week are 2,7s67O
pounds at the three chief markets, against
5.sO5, 500 last year. but there is more inquiry
from carpet and worsted manufacturers some
nxrar
coatings are 10 to l5 per cent. lower than
year ago but the deliveries of dress goods are
larger than of late. and the demand is more
urgent
In cotton goods there is no definite change
Shipments of boots and shoes for the week
were nearly quarter smaller than year ago.
but there Is growing confidence that the Dusl-
O ness must soon increase
Speculatiye markets are irregular, railroad
: stocks having declined every dav a little,
though but 20 cents per share in all, the chief
cause being the reduced earnings, the passing
of the Louisville & Nashville dividend and for.
eign selling of that and the grang stocks
Trust stocks averaged higher every day until
| Wednesday and are still 10 cents higher for the
week Earnings reported for January thus far
show q decline of 81 per cent, and of the last
week of D cember l55 per cent, western lines
averaging more and southern less decrease.
The heaviest tonnage ever recorded from Chi.
cago is at rates which result In no increase IN
earnings.
The Reading statement, showing large loss
in speculation the movement of bondhOlders
in the Atchison and the strife over New En-
gland affect some home as well as some foreign
holders An analysis Of railroad earnings last
year shows tnat of all classes of roads the coal
roads only lost in the first half of the year,
while this was the Inly class which gained in
the second half
Bank clearngs also indicate that no large
gain has occurred as yet in the volume OF
business, being 81 per cent smaller than year
ago
Money continues to pour into this city, as II
would not IL trade approached normal activity,
and the demand is so narrow that loans are
500 600. .O0J below deposits. Foreign exchange
has risen2 cents in a fortnight and some LOOK
for gold exports again
Returns of sal published last eek attract
great interest as more definite measure OF
the condition of various branches OF business
than has been obtained through other sources.
| Additional turns, thirteen in number in iron
manufacturing, twelve in cotton, three in
! wooden, amp four large grocery concerns. make
I the aggregate of sales by l,l4S concerns SIZE.
49, $50 in the last half of 1891 against s3l5 299-
| si6 in the last half of 1892; decrease, 3J.3 per
| cent
Failures for the past week have been Al in
| the United States, against 2-6 last year, anS
| 81 in Canada, against 20 last year