People's Pilot, Volume 4, Number 14, Rensselaer, Jasper County, 21 September 1894 — CONDITION OF TRADE. [ARTICLE]

CONDITION OF TRADE.

R. G. Don A Co.'s Review for the Week of an*Eneour:ising Nature. Ts New lobk. Sept. 17.- R. G. Dun & Co.’s weekly review ol trade says: “Business has met no setback this week, and continues larger than earlier In August and larger than a year ago. direcly after the panic. The country has now passed nearly three weeks under the new tariff, and all admit that changes have been of less Importance as yet than was expected. If in some branches business has materially increased. It has gained a little or has fallen off in others. Loss in some directions is explained by crop reports, for the most favorable estimates of experts put the loss of corn as about 40j.0u0.009 bushels. whereas the government report is by some interpreted as meaning a loss of 1.000.000.000 bushels. The opinion of the trade does not favor the official estimate, and the price has not risen at all during the week; though receipts have been very small, exports have practically ceased, and all realize that the shrinkage of 400.000,000 bushels is serious, if it proves to be no greater, since it must affect prices of meats for a year or more. Pork is unchanged, but lard has risen 30 cents per 100 pounds. Nor are official reports encouraging as to wheat. Western receipts in two weeks have been 11.184.087 bushels, against 10.67 1,7f1l last year, and Atlantic exports only 2, 074.790, against 5.100.382 ast year, and the price Is onehalf cent lower. Considerable injury Is officially reported to cotton, but few expect less than 8.50U.000 bales, which is more than enough, and the price Is a sixteenth lower. The great increase in iron production, which was noted as following the removal of coke difficulties, is measured by the capacity of furnaces in blast September 1 namely: 151.113 tons, against 1 15.336 August 1, and the unsold stocks also decreased 53.0£4 tans during the month. Le-s activity is seen in dry goods, the rush of postponed business having abated, and there is more disposition to defer purchases because of somewhat general advances in cotton goods and because London wool sales are expected to make theoutlook clearer. Strikes in cotton mills have not ceased and stocks of print cloths shrink rapidly, but some question whether recent advances in price can be maintained with important additions to the present force. "Failures in the first week of September as yet reported show liabilities cf oniy 81.4:X>.0<0, of which H 13.120 was of manufacturing and 1937.450 of trading concerns. The aggregate of liabilities reported for August is *10.607.513 This week the failures have been 207 in the I United States, against 314 last year, and 44 in Canada, against 27 lust year."