The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1895-05-04
RETURNING CONFIDENCE.
Industries Gaining steadily without sign
of Hesitation

of Hesitation
New York, April 2o.-R. G. Dun &
Co. S weekly review OF trade says:
Neither the rising In speculative markets
nor the steady gain In industries has ceased,
and IL is wholesome that there are fewer
signs OF hesitation In the productive indus
tries than In speculative prices Wages strikes
grow more numerous and cause some trouble.
and retail demand lags behind wholesale sales
and jobbing purchases behind production In
some branches. but through many conflicting
reports the fact shines out THAI the industries
are gaining, not with rush and q
whrl. but moro safely. II Is less
clear that railroads are increasing their
earnings. or that over production OF cotton
will be cured by the advance OF ~ cents in
price. or that cornering short sellers OF
wheat Will help 20 market the large
surplus But revival OF activity In all these
directions. II possible, excessive In some,
helps confidence TO take the throne 50 long
held by distrust Recovery is not often math-
ematically equitable. When the load OF de-
preston is lifted and men find
that better things nave come 20
stay. there must be many con-
Trajectory changes. Quite number OF
works have advanced wages during the week,
but strikes 10 compel an advance, possible for
some but not for others. have grown much
more numerous Some shops are closing for
want Of orders. but q larger number are rosum-
ing work Prices OF shoes and cotton goods are
rising; wool and woolens are lower. II would
be n distinctly unnatural movement. inviting
only distrust, II IL were sympathetic and with
equal step In all branches
doubt whether hides and whether leather
would be held at higher prices hlndered shoe
manufacturers for time. but now jobbcrs
want TO give more orders than manufacture
care to take who have their leather yet
70 buy. The hindrance is the advance In hides
and leather, for while ~ and 10 cents more Is
paid for shoes. the present cost OF leather
makes many 10 to Is ceuts dearor, and cents
paid for western hides Is said 10 mean higher
prices vet for some kinds OF leather
Cotton mills are getting more money for
goods ana hive quite generally advanced
wnges. The consumption Is large, and adj
vances seem TO be warranted.
Iron production. stimulated because ore,
coke und oil were 70 be dcnrcr, IL retarded by
shrinking dcmnnd for products. for on the
whole, new business Is said 70 be smaller than
ia February or March. The structural de-
mand far buildings throughout the country was
never better
Wool has sold NJ the lowest prices on rec
ord this week, 10 cents for Ohio Xxx and
cents for years Texas. and offers 10 clear on
stock before new supplies came forward
tempt manufacturers TO purchase beyond
present needs
Higher prices for wheat. nearly cent
above last weeks. tend 20 check Atlantic ex-
ports, which, flour included, were only l.s6s.s7S
bushels for the week against s.s204fb last
year. though for the previous two weeks about
equal 20 last years
Bank exchanges Ia April thus far. average
daily II pcr cent. more than last year. but
id3 per cent less than in le93 Money is COM
Tag hithcr from the interior and n larger de-
mand for commercial loans appears especially
from manufacturing towns IN New England
and from importers
Failures for eighteen days In April showed
liabilities OF s. .05abos. OF which e2oSs75O were
OF manufacturing, aud t3.eSss ss OF trading
concerns. The failures for the week have been
2Ho IN the United States, against ~ last year,
aud ~ IN CANADA against 20 last year