The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1895-05-17
BUSINESS OUTLOOK.
All Signs Point to Continuance OF
the Business Revival
Crop Prospects show Great Improvement
Strikes Retard the Gain La
Many lndustries-The Fall
IRE Record.

NEW YORK, May ll.-R. q. Dun e.
Cos weekly review OF trade says:
The event OF ths week is the demoraiiza-
tion OF foreign exchange caused by enormous
sales OF bonds abroad Besides a sale OF sl0.-
100000 Manhattan and other railroad bonds
through the syndicate large purchases OF for
eign account have been recorded for
some weeks. so that the aggregate probably
exceeds $50 900 since the sale of govern
mepts Safety for the summer means much
for all business. and the syndicate deems 1t SO
fully assured that IL distributes 10 per cent. OF
the money advanced by the associates, which
relieves large amount To stimulate opera
tions in securities and products
Crop Prospects Improved.
Crop prospects also have greatly improved,
and this is OF still higher Importance, as 1t
will do much TO determine the character and
volume Of all business after summer uncer-
tainties are over. In addition business is re-
viving, though the in IA great industries Is
retarded by many strikes
The LEARN. Houses.
THE volume OF business represented by ex-
changes for the first fall week OF May Is % 2
per cent larger Lhan ...as Fci. ana only ~
per cent. less than ia 1893, hut bond and specu
lative operations IA .Yc 80 swelled trunsacLiuu
here that the gain o. IA per cent over last We n
outside New York is for the moment a closer
indication OF general business
Money Not FULLY Employed.
During the week s2.260 900 came in from the
interior, showing that money Is not fully en-
ployed and government reports an increase OF
~, 1853, 2sS in circulation since April l. Those
who think the supply deficient should observe
that the total circulation il l55 per cent OF ag-
gregate clearings in the lrst week of May, in
1894 1t was 90 per cent, in 1893 only 10 per
cent, and in 1892, with nigh prosperity,
1874 per cent The demand for commercial
loans is smaller this week.
Strikes Affecting the Market.
The industries were distinctly gaining when
strikes began, which have spread quite widely
Garment workers In several cities, and Poca-
hontas coke workers are still out, with several
thousand wooden workers near Providence
Other wooden mills, and the furnaces in the
Shenango and Mshoning valleys which were
making % 900 tons per week, have stopped, and
the Illinois steel works, the largest western
concern, that works directly affected
which produced % per cent OF the output April
l. The Amalgd mated association also pro-
poses a struggle over the new wage scales
Exports and Imports.
Foreign imports In April at New York were
IA per cent. larger than last year with exports
slightly smaller but last week exports were
III per cent smaller the loss in sugar alone
being 81, 100000 Meanwhile commercial fail
ures do not equal last year the Liabilities in
five weeks ending May 3 were $40 905 97l, OF
which S4ls8,06l were of manufacturing and
t6552 10 of trading concerns. Last year for
the same weeks the liabilities were Sl4. LOS 467,
OF which 1885, ,2l0 were OF manufacturing and
20, 6l5 of trading concerns
The Failure Record.
The failures this week have been 227 IN the
United States, against 206 last year, and 80 In
Canada, against AZ last year