The pioneer press. (Miller, Hand County, S.D.) 1893-190?, 1895-01-17
Q THE SAME.
No Change Appears In the Trade Stu
ation-The Outlook.

. New YORK, Jan. 14.-R. q. Dun's
weekly review of trade says:
Neither the beginning OF the new year. nor
the failure Of the currency bill, has brought
any material change to business as yet. The
idea that business would suddenly take a
new start after the holidays had rather less
foundation even than usual, but the hope OF
strong revival "a little later Is stu
cherished by many. The currency BILL
with it's possibilities OF vicious amend
menus. was a source OF apprehension to some.
but with that out OF the way. the deficiency Of
treasury receipts remains, and exports OF gold
do not cease There has not been much time
for change In the industries. but differences
observed since the new year began are not IN
the direct on OF higher prices or larger de-
mand. There are more indications than Of
late that stocks OF different kinds Of goods
have been accommodating in consequence OF
past increase in production.
In the boot and shoe manufacture increas-
ing disposition to restrict orders, where any
advance in price is asked, unsett!es the BUSH
ness. for while some manufacturers have or
ders for six weeks or more, most OF them re-
CURE further orders to run more than about
two weeks. The question whether prices now
demanded for leather are too high for healthy
trade may he determined only after some en-
barrassment.
THE cotton manufacture reports decreased
demand. Many quotations OF cotton goods are
the lowest on record, the weeks trade being
quite unsatisfactory. Trade in woolenS hesi-
tates because OF large distribution from ware
houses under new duties; but little change APP
pears in prices, and heavy woolens are expect
ed TO open at about last years'S quotations.
The demand for dress goods has been remark
ably sa IiSfactory until within two weeks, but
has fallen of.
Speculation In products has been more ac-
1.-TWO rprn haS riGnp tAo nn1 hn,,rh raRai rt =
are but little over half last years, the prac-
tical disappearance OF the port demand, then
large, counts for about as much. As receipts
OF wheat have fallen to 1905 ,704 bush
els against l.sls.5S! last year, and ATTAIN
tic exports have become larger than a
year ago, the advance OF II cents in price Is
not surprising. Cotton is so low that scarcely
any reason is needed for a fractional recovery,
but with 1000, 600 bales already in sight. and
the stocks abroad for months, there IS little to
cause much recovery.
The extraordinary economics to which rail-
roads have been pushed are shown by the
building OF only 695 locomotives and 1909
freight cars in 1894, against 2,0ll locomotives
and 5l,.l6 freight cars in 1893.
The customs receipts for six days, including
the two days in which heavy Withdrawals OF
woOlenS from warehouse were the feature,
amounted to s.. 76J. 976 but the total receipts
for the month have been only IS, 773 3j5, against
expenditures OF S14,05i, 60T. About 1878 900
worth Of sugar came in last week, and wh"n
stocks on hand are distributed a larger rev.
enue from that source may be expected. but
while the general consumption Of the people Is
still restricted, revenue must prove deficient.
There IS more money coming In from the
interior, and the business OF the country does
not yet afford larger use for 1t, so that no gain
appears In commercial loans. 1t is IA most sig
niicant fact that money still comes to this
center largely during the first two weeks OF
January.
Failures for the first three days of the
year were rather large, as is I. tural, with liza
bilities of 81 ,622 203. of which S.66, 33l were OF
manufacturing and 81 .347, 272 OF trading con-
Germs. Failures this week are 40 in the
United States, against 474 last year, and 81 In
Canada, against 81 last year