Morris tribune., 1895-05-01
RETURNING CONFIDENCE.
Industries Gaining Steadily without Sign
of Hesitation.

of Hesitation.
New YORK, April Pr G. Dun g.
Co. weekly review OF trade says:
Neither the rising in speculative markets
nor the steady gain in industries has ceased,
ana IT 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 J0Dbing purchases behind production in
some branches, but through many conflicting
reports the fact shines out that the industries
are gaining, not with rush and a
whlrl, but more 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 to market the large
surplus. But revival Of activity In all these
helps confidence to take the throne SO 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 have come to
stay there must be many con-
Trajectory changes. Quite number Of
works have advanced wages during the week,
but strikes to compel an advance, possible for
some but not for Others have grown much
more numerous. Some shops are closing for
want OF orders, but larger number are resum-
ing work. Prices Of shoes and cotton goods are
rising; wool and woolens are lower 1t would
be distinctly unnatural movement inviting
only distrust II 1t were sympathetic and with
equal step IN I'll branches
doubt whether hides and whether leather
would be held at higher prices hindered shoe
manufacturers for time but now jobbers
want to give more orders than manufacturers
care to take, who have their leather yet
to buy The hlndrance 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 cents dearer, and cents
paid for western hides is said to mean higher
prices vet for some kinds of leather.
"Cotton mills are getting more money for
goods and have quite generally advanced
wages. The consumption is large, and adj
vances seem to be warranted.
Iron production, stimulated because ore,
coke and oil were to be dearer, is retarded by
shrinking demand for products, for on the
whole, new business is said to be smaller than
in February or March. The structural de-
mand far buildings throughout the country was
never better
Wool has sold at the lowest prices ON rec
ord this week. Is cents for Ohio Xxx and
cents for years Texas. and offers to clear off
stock before new supplies came forward
tempt manufacturers to purchase beyond
present needs. ~
Higher prices for wheat, nearly cents
above last weeks, tend to check Atlantic ex-
ports, which, flour included, we're only l86S,873
bushels for the week, against $3.50, AS last
year, though for the previous two weeks about
equal to last years.
Bank exchanges in April, thus far, average
daily IL per cent. more than last year, but
1853 per cent less than in 1893. Money is COM
ing hither from the interior and 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. 075 592 of which S. 632, ITO
of manufacturing and S3,2Ss822 Of trading
concerns. The failures for the week have been
230 in the United States, against 179 last year,
and 81 in Canada against 26 last year"