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Business Improving

Business Improving image
Parent Issue
Day
8
Month
January
Year
1895
Copyright
Public Domain
OCR Text

J. D. Ryan returned from an extended business trip through Indiana last Friday and he reports a decidedly better feeling in business circles. He says that on account of the brighter prospects for future trade and the better spirit that pervades the business world generally, sales are much easier and larger. He sold fully one-third more goods than during his corresponding trip of last year. Stocks on hand having been largely reduced and new goods being offered cheaper than ever before, coupled with thegreatly improved outlook for future business, causes the increased demand. Through the various commercial agencies also news of a better business outlook is given out. A complete review of the different branches of business indicates that all lines are on a firmer basis and that there is more stability in trade. The surplus in all lines has been consumed and production is much greater than one year ago. At the same time a dollar will purchase more than at any previous time in the history of the country. The production of woolens last year was about one-quarter less than normal, but now that the new tariff rates have taken effect, largely reducing the cost to consumers, it is expected that the demand will show a marked increase. Last Wednesday was the first day that woolen goods could be withdrawn from the New York custom house upon payment of duties at the reduced rates, and the resuit of the withdrawals was the largest day's business for many years. The average fall in prices in the varfous branches of business since a year ago has been 54 per cent.,varying greatly in different lines, however. The decrease in iron and steel producĂ­s was 13.4 per cent.; woolens and cottons about 15 per cent., while the decrease in wages paid per hour's work averages bul 1.2 per cent. These changes are relatively favorable to labor and will no doabt result in increased consumption, necessitating increased production and consequent improvement in every line of business.

Article

Subjects
Ann Arbor Argus
Old News