Perrysburg journal. (Perrysburg, Wood Co., O. [Ohio]) 186?-1965, 1897-01-23
1T TAKES TIME.
Dun D Co. Claim That Buslness rs Grad
uallY Improving.


New York, Jan. 16.-R. G. Dun e. Co.
in their weekly review of trade say;
1.-THE greatest growth and prosperity the
country had ever seen came suddenly In
| 1879, after several months of disappUint-
| ment because specie resumption had not
yet brought the benefits expected. 1t takes
time for new confidence to reach through
easier money markets. large orders, re-;
| suming mills, expanding employment and
larger distribution, to the results which
make still greater and lasting gain poss
BILE. Such gradual and steady Improvement
mas been in progress for more than two
months. The output of pig iron has gained
n:6 per cent. since October l. The output
or coke has increased SS.7 per cent. since
October l. Sales of wool have become
large. Money markets feel a steady in
crease In demand for comm ercial and man
ufacturing loans. Additional works have
gone into operation each week In January.
and the working force Is larger than at any
other time for six months. The gain may
be ascribed to the deliberate Judgment of
the ablest and most prudent men in busi
ness.
1t is not time for high prices. Many who
are anxious to get early hold on the mar
ket are making for the moment lower
prices than they could afford to maintuln.
With the Increase In output of pig iron to
9.72O tons weekly, against 1928 lest
month, the price is shade lower at the
vast anu SuiCdBO, Out neuVy purchases
already advance Bessemer shade at
Pittsburgh.
"TeXtile manufactures are not on
couraged by the demand for goods, though
more print cloths were sold than for rlany
weeks. Lower prices are expected in goods,
and slow buying Is not unnatural since cot
ton has fallen IT'S per cent. from Septem-
ber II. print cloths per cent, bleached
goods 3lh to 5ia and brown goods to 2h 8
and per cent Though woolen goods do
not improve there have been purchases
by large mills which cover for two weeks
of January 11.l10.3C0 pounds at the three
chief markets, against l1,Sl7, 600 last year
Some large purchases of leather indicate
that some shoe manufacturers are seeing
their way to more active work, ard slip
ments from the east in January thus far
are 20 per cent. larger than last year
Hides at Chicago are 2h per cent. lower
"Clearing house exchanges for the month
thus far are less than per cent. below last
years. though still 25.2 per cent. smaller
than the year 1892, the year of greatest
prosperity. The railroad earnings and
tonnage for January thus far are light,
owing to western storms. but December
returns cover $3S,5s6.912 on roads in the
United States alone, only 2.S per cent. less
than last year. The Pennsylvania and
some other roads have commenced to buy
rails. and several costly improvements
have been ordered, the Columbia bridge
plone calling for 1000 tons of steel, ard a
terminal improvement for the Erie will
cost 81 600, 900.
'The wheat market has varied but slight
iy, closing one-fourth cent lower. Traders
begin to realize that enormous exports of
corn are taking the place of wheat in for
eign consumption. Cotton took a rise of
an eighth on u traders estimate, without
change in conditions
1.-The money market has been disturbed
by a combination of large bankers not to
lend on call below per cent, which in
vited oil sorts of financial institutions to
take the market. caused payment of bank
loans for some millions, and left supplies
Of funds so heavy that time loans were
sharply marked down. More was done in
commercial paper, though offerings in
creased but moderately Receipts from the
Interior exceeded shipments by $780, co.,
Exports continue to exceed last year'c for
the week per cent, while imports fell 10
per cent. below last years.
Failures for the week have been 455 in
The United States, against 1896 last year. and
Il in Canada, against 81 last year.
Bradstreet's says of the general trade
situation:
Except at few southern cities. as re-
ported last week. wholesale merchants
throughout the country report no notice.
able change In the trade features. and few
If any indications of Improvement in the
near future. Mercantile collections con-
tinue slow or moderate. Some jobbers at
Chicago, St Louis, Baltimore and other
large cities report increased demand for
dry goods, hats, Shoes hardware and
groceries for spring delivery. but that In
other lines of business is very dull Dealers
In staples at cities in Texas, Louisiana,
Georgia. Tennessee and South Carolina
report a better demand for hardware and
agricultural supplies, compared with last
week. Some Baltimore statesmen were Sc
curing relatively fair orders. There has
been no revival in textile circles, except in
creased purchases of wool at Boston by
some of the larger manufacturers. Cotton
goods continue depressed at first hands.
with little prospect for Improvement until
after production has been restricted.
prices this week show advances for
leather, pork, lard. petroleum and cotton,
while decreases are reported in prices in
hides. wheat, corn, coffee. pig iron and ste.l
billets. No change is reported in quotations
for coal. lumber, -four. oats, sugar, print
cloths and wool. Heavy stocks continue to
depress cotton goods. Iron and steel have
not met with the increased demand ex-
pected. while sugar and coffee prices have
been effected by competition among lead
ing dealers"
MANY PUBLIC BUILDINGS.