People's Pilot, Volume 3, Number 49, Rensselaer, Jasper County, 25 May 1894 — KEEPS UP. [ARTICLE]

KEEPS UP.

Trade Shows Soundness in Spite of Depressing Influences. New York, May 21.—R. G Dun & Co.’s weekly review of trade says: “The obstacles to* Improvement do not lessen. The strikes of coal miners and coke workers have not ceased, but nave caused the stoppage of numerous works this week and embarrassment to some railroads. The conference at Cleveland exhibited mucli angry feeling and wider differences than had been expected and seems to render agreement more distant Proceedings in the senate do not indicate that the latest form of tariff revision has made speedy final action more probable. Yet the recuperative force of the country is so great that observers are constantly amazed at the volume of business being transacted, the tonnage being transported, the number of works resuming operations, and the general soundness of trade, notwithstand ing influences which in any other land would produce dire disaster. “The soundness of the commercial world Is shown in the diminished importance of failures, the liabilities reported for the second week of May amounting to only 31,937,538, of which 81,490,932 were of trading and 8432.606 of manufacturing concerns. The failures this week have been 220 in the United States, against 247 last year, and 24 in Canada, against 14 last year. ”