River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1888-01-05
BUSINESS WAS BRISK.

rrem endous Volume of Trade In 1857
Review OF the Iron, Wool. stock and
Other Markots-Ths Year, However,
Closes with Something More Than the
Usual Dizziness, Owing to the Uncsr-
tainty Regarding the Tariff and the
Labor Observation-Disclosures for Twelve
Months.
NEW YORK, Dec 3I-R O. Dun 4 Co, in
their weekly review or trade say:
"A year OF enormous business closes with
little more than the reasonable dullness. Trans
actions much beyond the average In Septem-
Dor and October prepared for some slacken-
ing OF trade ia November and December,
which has been increased by tar
IN uncertainties by several strikes OF
Importance, ana by speculative adj
vance in prices. Unusual pressure for money
during the fall, on the other hand, caused adj
lustments which prevent severe pressure as the
year closes, and except AT a few Western poiT u
the money markets are comparatively cay,
with collections almost everywhere fair, ald
AZ most points reasonably good Holt
day trade has generally been large, and the re-
cent change in the weather brings greater ao-
tiyity In some branches. hut the pend
ing strikes and controversies about
wages and uncertainties as TO the
future in some OF the largest industries,
operates unfavorably. Ease OF money
and belief that the Reading strike would
not last, have helped stocks to improve until
yesterday, when the day opened with some re-
action. Hopes of tvity and advance after
New Years sustain prices, but the great move
ment OF foreign capital hitherward for invest
ment has ceased at least for the time.
''Ihe dying year has seen l2.724 miles OF rail-
way finished, making the mileage for the
United States 100, TO- but changes OF freight
rates at the West tend steadily downward les
SEEMING the prospect for building next year.
The Pennsylvania reports a decrease Of s17d,-
O0l in net earnings for November and the Il RE
q decrease OF S24, 338
The cotton industry records for the year
larger productions, sales and profits than for
1886, and the year closes with an excellent do
mand stocks well cleaned up and many makes
sold ahead. b AZ the wooden manufacture is de-
sc.lbed as having to most unsat sfactory year
II has ever experienced. with business small
and profits smaller than last year. Enormous
importations have left large stock of dress
goods on hand.
"fhe iron industry, after the largest years
output on record, is rapidly cutting down pro-
ductioL prices, and. at many points, wages.
Since March the average OF all grades at Phil
adelphia las deel ned Si.4l, and OF rails ".
Sales of 1000 tons Alabama and Tennessee
iron are reported, but no sales OF rails, for
which next year orders cover only 10000 tons.
Coal reduction has been the largest on
record, but the market closes with some excite
ment, the Lehigh strike continuing, while dis
patches affirm that Reading miners will strike
January ].
The grocery trade has been very large for
the year, aud closes with fair activity, notwith-
standing the speculation In coffee, and the rise
in sugar following reports Of "a decrease of 362,-
90 tons in beet product Provisions hold the
recent advance.
1.-THE Treasury has added S7i4,0O0 10 its Dc
posits with banks, and si,6OO,0O0 to the r.
culation dur ng the week. II has now increased
the circulation OF coin and paper about $4,000
600 since July /, ana S13O00O,OlO since July /,
1885, The incomplete returns of clearing
houses indicate an aggregate in the year ex-
ceeding f5i,000,000 with gain of about per
cent over last year. but November showed
small decrease aud in December the decrease
in payments has been cons .derable.
The years failures show decrease of 300 in
number, but large increase of $500 900 IN
liabilities, as follows: lSS7-Number, O. G3i; 9.
bilites, Si67, 56L9i4, average, siT3g2. 16s6--
Number, 9s34 liabilities S1l46i4 if9; average,
Sll,65L The returns for the Domin on Of Can
ada show l,369 failures, with sl6,3il,7i5 liabil-
it.e,; average, SlLS3 The failures IN the Do
minion were one in every hfty-four persons in
business; in he United States they averag
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