Morning journal and courier., 1886-12-04
LARGEyoLUmEOF BUSINESS

| -
 General Trade Exceptionally Good Throughout the e.Country-The Out- look for Manufacturing and Mining Very Bright.
 NEW YORK, Dec. 3.-From special in- formation received through their correspond
 ents in all sections of the country the mer-
 piled the following review of the weeks
 trade: The volume of business continues
 large throughout the country; at New Eng
 land manufacturing towns variable, strikes
 interfering much; at central cities and
 throughout the Northwest decidedly large,
 the volume of business compared with last
 year being higher from thirty to one hun
 dred per cent, though some depression has
 resulted from strikes. Dullness in the far
 South contrasts with great activity and inn
 provement in the new southern mining and
 manufacturing regions. The Pacific is again
 disturbed by speculation, with consequent
 failures. In leading branches of trade grain
 advances in price with large exports. Cot
 ton receipts for the week were twenty-eight
 thousand bales and exports fourteen thou
 sand bales larger than last year. The coal
 trade begins December in better shape and with smaller stocks than for five years past with the anthracite output already exceeding last years to date by 632, ,000 tons, while a growing demand for bituminous coal throughout the country betokens great industrial activity. The operators re- fuse Monongahela miners demands, which | may lead to important strike. | Iron is stronger. Southern furnaces now re- fuse contracts for 1887 at current terms. Of | steel rails orders for 45, GOO tons were placed | last week at $35 Boot and shoe shipments l from Boston have been :, 2,639, ,O73 cases for | the year against 3, ,4S7, ,S09 last year. though l now relatively lighter. Rubber goods have | been advanced fifteen per cent. by the com | bination and dealers have been pushing up | the raw material. Dry goods move with fair | activity for the season. Ginghams for spring | have already been sold to some extent at | nine cents for light fancies and seven and l half for staples. Some makes of woollens | have been sold at last seasons prices by | makers who held wool prior to the advance Others urge higher prices. The Lowell com carpet wool is very strong here and abroad. l Boston sales of all- wool are still eleven per I cent. in quantity below those of last year to date. Collections are generally reported | though long strikes have | retail dealers in some localities. | AL one OE TWO pOlulS IS HIOu0y gent, but the demand is active and enlarging. ! Surrender of bank circulation reached $9,- 189, 155 in November and $1 800 1000 on Thursday, but the increased circulation of | silver certificates was over $5,O00,000 last | month. Transportation is found inadequate l at Memphis and Buffalo. The busi- ness failures reported during the week | number for the United States 21O and for Canada B or 8 total of 242 as compared !! with a total of 216 last week and 242 the | week previous. In the southern, western | States and in Canada the business casualties are somewhat above the average in number, while in New York they are exceptionally numerous, twenty four being the number reported.
 LOWELL Mass, Dec. 3.-The cotton man. prospects here are brighter now than at the corresponding time last year. There is more rapid movement in goods | and little larger margin for profit. The sales for export are considerably larger than B year ago and the marked increase is in the South American trade.
 The Stock Craze at San Francisco.
 SAN FRANCISCO, Dec. 3.-The mining boards were scenes of renewed excitement his morning. Consolidated Virginia opened .t 40 and quickly dropped to 39. Best and Belcher dropped from $23 to S20. The bears were jubilant, but the bulls predict a reac- ion. Over $4, ,000,00 have been withdrawn rom savings banks during the last ten days md it is said by those who have watched matters that every cent of the money has gone into stocks. The failures of Robert F. Morrow, capitalist, Kullman & Co.,, brokers, md John Mackin, broker, are reported. The boom in stocks to-day caused Morrow to lose S250, ,000, but he still claims to be worth a million over and above his liabilities. Kull- man & Co.'s liabilities are placed at s25, 900. They expect to resume in few days. | MeKenzie's liabilities are S100,000 The l Pacific Exchange held an informal meeting | 1t 3 o'clock P. m. when prices advanced over he mornings closings; Sierra Nevada went o s12 50 Gould and Curry to $10, Consoli- lated Virginia SAT, Alpha S6. Only one ses 'ion will be held by the San Francisco board
 o morrow in order to allow the brokers am ole time to post their books. The sales at San Francisco exchange yesterday aggregat- d 95, 900 shares, the largest days business or ten years.