Morning journal and courier., 1886-12-11
NOWo ny lOiOSI op1l FROM ALL QUARTERS. BUSINESS IN GOOD FORM, Cheering Reports From The
 Busy Centers. TWENTY : SIX LIVES LOST By The Sinking Of Two
 Lifeboats.
 DUFFY MAKES A SENSATION. Morrison Will Call Up
 The Tariff Bill.
DUFFY MAKES A SENSATION.
THE STATE OF Rus1NEss,

Enormous Dealings. in Speculative
 Stocks and Encouraging Conditions
 of Legitimate Trade.
 NEW YORK, Dec. 10.-R. G. Dun & Co.'s
 trade review for the week ending December
 Il says: A January thaw came in the mar
 kets last week; in oil and mining stocks
 freshet, which continues; in railroad stocks
 and grain softness, though the tone is now
 more confident. London buying still stiffens
 stocks and the rise in silver caused by French
 coinage for Tonquin helps grain and has started the speculative fever in cotton. Soft ness in some markets is balanced by harden ing of prices in most branches of legitimate trades, but speculative failures are numerous in San Francisco, Pittsburg, Chicago and New York, and to these are added some inn portant and numerous small failures. Deal ings here were enormous, S8, 745, 900 bushels of wheat, 30, 900, ,000 in one day; 3,091, ,750 shares of stock; 35, ,693, GOO barrels of oil here and 10, 1000, ,0O0 in one day in Pittsburg; 926.- 900 bales of cotton, including 259, 800 in one day. Coal production December was 121, 361 tons weekly against 118 ,592 tons Noyem- Der 1, and for eleven months has been 4, ,541 400 tons anthracite and bituminous, while the British make falls from 7,250, ,000 tons last year to 6,750,O0O estimated for this year. The key of the iron mar ket is the sale of 1,23S, ,961 tons of steel rails for this ear, of which the record is most significant; no less than 737, ,307 went west of the Mississippi and 491 ,654 east; S25, 1O6 tons north, including 450, 1895 west of the Mississippi and 430, ,855 tons south, in- cluding 2S6, ,482 west of the river Large sales were made last week at $35 and pig is now quoted at $2S. Coal tonnage for the year increases Is per cent. for anthracite, 9. 3 per cent. for bituminous and 34.7 per cent. for coke over last year. The rise in cottonhas yet caused but few advances in goods, but exports have been large. Wool is weaker, prices yielding little at the London sale. In goods the tone is generally strong, but for eign worsteds are offered low causing some of orders, and Smiths tapestry Brussels carpets have been reduced 2115 cents. The drug trade is growing inactive, without loss in prices. Prices harden in sugar, spices, tea and canned goods. Sugar con- sumption has increased largely abroad, it is claimed overtaking the supply. Ex- ports were small last, week, but for five weeks show an increase of S.8 per cent. over last year. Gold still comes $1 ,217 ,000 during the week with S1,400,O reported shipped The treasury took $1 300 000 in gold, put out $200, ,O00 legal tenders and $2, ,0OO,0)0 more silver certificates. Money is generally reported in good supply, though the demand is large. Collections, generally satisfactory, lag in some southern districts and bank clearings continue less than last year. The business failures occurring throughout the country during the last seven days number for the United States 252 and for Canada g, or g total of 274 failures compared with a total of 242 last week and 216 the week previous to the last. The increase noticeable arises mainly in the southern States where the casualties are far above the average in num- Der if not in importance.