The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1895-05-10
BUSINESS OUTLOOK.
Trade Is in Better Condition Than
for Two Years.
Tho Prospect brighter, Despite severa
Obstacles-situation I'm Industrial
Circles - Views of Leading
Commercial Agencies.
New YORK, May Ar. G.. Dun &

New YORK, May Ar. q. Dun &
Co.'S weekly review OF trade says:
Business begins May in better condition
than at any other time since the break down
In May, l593 Smaller in volume than then.
II is not now shrinking but charging The CHIEF
obstacle TO more complete recovery Is the
anxiety OF many TO pluck fruit before IL
Is ripe. Holders of some staples have lifted
them far TO prevent their marketing;
consumption OF materials IN some branches IL
checked by advances which cannot be realized
for finished products. workers In some indus
tries are demanding wages that cannot be paid
out OF any business in sight.
In the Labor World.
In spite of labor troubles and speculative
excuses the outlook brightens. money mar
kets continue healthy. and with sales
OF railway bonds abroad. the deficiency
in public revenue. sS,542,si0 In April.
causes no apprehension demands for
full restoration OF wages TO the level OF 1892
have closed many wooden mills, and threaten
tn close Others employing about 1000 hands at
Olneyvlle and about Providence. and have ar
rested work at other ici,ls oi some importance
already. Similar dem nd, arc made in cotton
mills in Massac husetts. Inc strike Which closed
iron furnaces IT Newcastle Pa, has just
ended without success. But other strikes nave
stopped numerous works about Pitts
burgh Pocahontas coke workers
on strike and one is threatened by
Alabama coke miners Exagger-
ated accounts of recovery in business, SO often
published and sometimes prompted by manu-
facturers themselves. nike II not entirely
strange il operatives fail To mat the bust
ness in the great industries is without pront.
and much OF the working force Is still unem-
ployed
Volume Of Business Larger.
The volume OF business reflected by clear
ings Is 1917 per cent larger than last year for
the month, but $50 per cent. smaller than in
1893. There is also comparative improvement
in foreign trade, exports for the month being
not per cent below last years, while imports
are but Is per cent. larger than last year
The Iron Trade.
The strike at Newcastle. now over, stifened
Bessemer pig so that Sl075 was quoted at
Pittsburgh, and the closing OF Wheeling mill
stifened billets, while southern makers have
nominaily advanced their price, though sales
have been made here under so for No. Ad-
ditional contracts for structure works here
and at Chicago. sales OF 1000 rails at the east,
better demand for wire and its products,
and for plates and sheets, are the encouraging
features this week.
Else In Leather.
The remarkable rise in leather continues
and yet shipments of boots and shoes from
Boston for April were slightly larger than two
years ago or ever before, and most OF the
works have orders for three or four months
production at a material advance in prices.
The chief embarrassment is uncertainty to
the future price OF leather The rise in prices
of cotton goods also continues The wooden
year ends with the lowest prices yet known.
The Failure Record.
Failures in twenty-five days of April
showed liabilities OF 1885 $50 of which So
6.4,736 were OF manufacturing and 81. 705 $50 OF
trading concerns. Last year in four weeks end
ing April &c, Liabilities "a, s26S62, or which
s3,6s7,22 were OF manufacturing, and "A 500
OF trading concerns. The weeks failures are
23l in the United States against 2S3 last year,
and thirty-fou in Canada. against thirty-nve
last year