The Madisonian. (Virginia City, Mont.) 1873-1915, 1895-01-26
DUN'S WEEKLY REVIEW,
Some Good Signs, But No Re-
covery In Business.
GOLD CONTINUES TO GO ABROAD.

Clearing Exchanges Seven Per Cent Larger
Than Last Year-Larger Demands For
Industrial Products. But No Improve
ment In Prices-Corn and Whea: Have
Both Declined Another Cent.
NEW YORK. Jan. 20.-R. G. Dur &
Co.'S weekly review Of trade says:
There are some good signs. but they do
not as yet make sales, which is as much
as it has done for months. Gold contin-
mes to go abroad, S., $50, 600 having gone
this week and the deficit of revenue is
already over 49,, 800. coo for the month.
This state Of facts, with the failure of
congress to make provision for borrow
ing or for increasing the revenue, still
operates to retard a wholesome recovery,
and the volume of domestic trade repre-
sented by exchanges through clearing
houses is again about Z per cent larger
than last year as it was in the first week
Of the month. but is So per cent small
er than two years ago, a higher rate of
decrease than for some time past. The
industries are meeting a larger demand
for some products since the new year
began, but rather less for others, and nc
definite improvement appears in prices
Of manufactured products or in wages.
In the main it is a waiting condition,
with much hope that positive improve
ment is not far Off, but not very salts
factory evidence of it as yet.
Wheat has sagged off 1 cent again.
with western receipts only about half
OF last years. Corn has declined 13a
cents in spite Of the very low govern
ment estimates Of yield, receipts being
now larger than wheat. Cotton has re-
manned steady at 534 cents with a fairly
large movement before the efforts of the
southern planters to contract the acre
age this year receive some attention.
There is somewhat more doing in the
iron and steel business, enough to cause
a shade OF lifting in prices for Deem
Der iron billets at Philadelphia, where
there is also improved demand for fin-
ished products, but at Pittsburg all
changes reported are downward, Yet
the rail movement does not gain. the
total shipments i'll 1894 having been
725, 900 tons, and in spite of a larger de-
mand rails are as low as ever. Lead
has been strengthened to BIO, and the
reduction OF 2la to Is per cent in wages
is expected to start the tin plate works,
Failures this week are 1878 in the
United States against 4O7 last year
and 80 in Canada against 46 last year.
Bradstreet's Review.
New YORK, Jan. 20.-Bradstreat's
trade review says: With few exceptions
commercial, financial and industrial
features indicate that only a retention
of improvements heretofore noted. Print
cloths have gone down to a 'lowest
price on record Wooden and cotton
goods manufacturers in eastern, central
and middle states declare prices are so
low and broken there is practically no
profit. Leading mining industries and
larger wholesale business houses at
business centers report that extreme
conservatism in purchases will mark
business during the spring; that interior
buyers are not inclined to anticipate
wants more now than in the previous
year; that prices generally continue at
or near the lowest reported for many
years, and that wages, with few ex-
ceptions, are as low as they have been
during or in the panic Of 1893. A re-
deeming feature is found in a moder-
ately increased number of industrial
employees at work compared with one
year ago, but rates of compensation have
not advanced.