The evening herald. [volume] (Shenandoah, Pa.) 1891-1966, 1894-10-27
FINANCE AND TRADE.
Political Excitement Causes a Nat
ural Slaohening,
AUTHORIZATIONS ARBFAvORABLE


Wages-Fcwer business Failures.
New YORK, oct 27.-R. G. Dun & Co.'S
weekly review Of trade says: Engrossinv
political excitement I'm many of the states
causes a natural slackening in some kinds
of business. But ON the whole business
indications are rather more favorable than
they were a week ago. Gold exports have
ceased, quite number of mills have gone
into operation and the demand for pro
ducts, if not equal to that of prosperous
years, is better than 1t has been most Of,
the time this year. The prices of farm
products do not improve much, and there
are still some strikes TO resist reduction Of
wages, so that the purchasing power of the
people cannot have materially increased,
but there is a more 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 the country show "a de
| crease of l.2 per cent. compared with last
year, and decrease of 2l.9 per cent com
pared with the same week in 1892, the de-
| crease for four weeks being 29.S per cent.
Cotton has sold at 5,Sl cents for middling
uplands and the large receipts at such low
prices indicate clearly that the crop will at
/ least be close to the largest, If not the
largest ever produced. The anticipated
settlement of difficulties at Fall River has
not been realized, and at present a good
many spindles and looms are idle. But
strikes are temporary; a more lasting in
| iluence is the large accumulation of cotton
/ In the worlds markets. the stock Of Amer
| lean in sight now exceeding 9, 900, 900 bales
I tgH #N.
| price of the southern crop manufacturers
| and wholesale dealers report rather more
improvement in trade with the south than
with any other section. The wheat mar
ket is a quarter lower, and nothing ap-
pears to Justify any important change.
In iron and steel the west shows weak
ness, while eastern markets show more
encouragement. Nothing of consequence
is doing in rails. the deliveries for the year
to Oct being only $4,000 tons, much be-
low ordinary requirements for renewals
alone. In structural work some moderate
contracts are reported, but bar iron is ex-
| tremely dull, and it is stated that the low
prices reported last week, 90 cents for iron
and 81 for steel, have been shaded in some
| transactions.
The failures for the week were 231 in the
United States, against 352 for the same
week last year and flfty-two in Canada
against forty four last year.
Bradstreets' review says: Merchants in
| terviewed in various portions Of the
country report in some instances the con-
| dition of business as not having realized
anticipations, and at other points that the
recent bright outlook for trade is modified.
Such advices are based in part on the prac
| tical conclusion Of the fall trade and de-
| lays in demand for holiday goods. Dealers
! in dry goods, clothing, groceries, shoes,
| hats and few other lines have had rela
| lively the more satisfactory volume OF
/ business although inmany instances fault
has been found with the totals shipped.
General TRADE continues checked through
| out some portions of the regions supplied
| by Kansas C.tv, ST. Louis, Omaha, Min
neapolis and 81. Paul, due to unsaason.
| ably warm weather. At the south low
prices for cotton continue to affect bust
! ness unfavorably, many larger merchants
/ bonn re cautious as to granting cred
/ its TO interior merchants. Throughout a
| large portion of the region between Ohio
and the northwest interior jobbers will
| continue to carry small stocks throughout
the winter Eastern dry goods jobbers re-
| port only low cost goods moving with any
| freedom, and the outlook for settlement
Of the Fall River strike less favorable.