Democratic Sentinel, Volume 18, Number 1, Rensselaer, Jasper County, 19 January 1894 — CONDITION OF TRADE. [ARTICLE]

CONDITION OF TRADE.

R. G. Duo & Co.'s Review Shows No Changes. R. G. Dun & Co.’s weekly review of trade says: I The cloud of uncertainty does not lift as yet. Strong confidence is expressed in 'nearly all markets that trade must imjprove with the new year, but it is yet too ’early to expect important change, If really on the way. In the main the conditions [continue unchanged. But the proposal of an incothe tax Is not calculated to inspire nor does it encourage hope that uncertainty about revenue laws will be speedily terminated. The condition of the Treasury excites less interest with the gold reserve lower than eyer and the entire available reserve -reduced to $90,000,000 than smaller losses caused when the freehold exceeded SIOO.*IOO,OOO. Yet the deficit of $07,664,329 In ’the first half of tfie current year, the decrease of $30.744,958 in customs receipts for six months, and $10,654,191 in the internal revenue point to a large deficit for the year and a greater reduction of Treasury balances than can be safely permitted. At the point of danger is the large volume of paper circulation, with a narrow gold reserve* the proposal to Issue fifty millions more paper by means of coining silver bullion held Is not reassuring. and the Chamber of Commerce has earnestly urged an issue of short-time bonds, as recommended by the Secretary of the Treasury. Money from the interior still floods this market, commercial Inactivity still causes the amount of idle funds to swell beyond all precedent, and rates are so low that speculation might be dangerously stimulated If a feeling of hopefulness prevailed- Thus it may be fortunate that diminished earnings repress ardor In stock r eculation, and heavy supplies in sight defer speculation in products. The disbursement of $95,000,000 at New York, f 27.000.000 in Boston and Pittsburg for January interest and dividends, has produced nothing like the usual demand for securities, though after several days of excessive selling the stock market rose an average of a dollar a share. Cut rates increase railway tonnage without yielding better returns in money, and the dividends paid reflect past rather than present conditions.