The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-01-05
The STATE OF Trade.
a Year OF Ensr1aoas Russness Dra,
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1A40LlLO418 lHU8kEeAB
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NEW YORK, Dec. SO.-R. G. DUN &
Co., in their weekly review say: "A
year Of enormous business closed with
little more than the reasonable dull
ness. Transactions much beyond the
average In September and October pre-
pared for some slackening of::trade in
November and December, which has
been increased by tariff uncertainties.
by several strikes Of Importance, and
by speculative advance in prices. I'm
usual pressure for money during the
fall on the other hand, caused adj
| justments which prevent q severe pres
sure as the year closes, and, except
at few western points. the money
markets are comparatively easy, with
collections almost everywhere fair and
at most points reasonably good. The
holiday trade has generally been large,
and the recent change in the weather
brings greater activity in some
branches. But the pending strikes and
controversies about wages and uncer-
tainty as to the future as to some of
the largest industries, operate unfavor-
| ably. The ease of money and the be-
lief that the Reading strike would not
last, have helped stocks to improve
until to-day, when the day opened
with some reaction. Hopes of activity
and advance after New Years sustain
prices, but the great movement OF
| foreign capital hitherward for invest
ment has ceased, at least for the time.
In November trade statistics indicate
that the outgoing slightly exceeded
the incoming goods and capital. De-
cember exports at New York, IL per
cent below last years, against imports
IL per cent below, indicate that at
Leaf ,sl5, 100000 in goods have
sales have exceeded the pur-
chases Of securities. If continued, this
movement will affect the placing of Sc
curitieS for the new roads and thus In
; fiuence great industries. The dying
J year has seen 12,724 miles OF railroad
finished, making the mileage for the
United States $50, no, but changes OF
downward, leSSening the prospect FOL
building next year. The Pennsylvania
, reports decrease Of SIC, 600 in the ne
earnings for November, and the Erie 9
decrease of S24, 233. The iroI
industry, after the largest years out
iput on record, is rapidly cutting
down production, prices and at man!
WdRCSs Sl1CS G4O dNC1dSSs
of all grades at Philadelphia has de
. clined 1.42 and of rails So; sales of 20,
600 tons of Alabama and Tennessee
. iron are reported, but sales of rails TO
which next years orders cover are Onl!
200, 600 tons. The Western Nail Asso
citation lowers card rates from $2.2
to 81.
The cotton industry records for tn
year are larger productions, sales t.nt
| rrOfff than for 12SR AMI
the year closes with an excellent de
: mand. Stocks are well cleaned up an(
many makes sold well ahead, but the
wooden manufacturers are described a
having about the most unsatisfactory
year it has ever experienced, with bust
ness smaller and profits smaller thai
last year. Enormous Importation
hand. OvercOatings are moving fairly
but fine goods at 5 to 10 per cen
lower.
The coal production has been TIT
largest On record. but the market close
: with some excitement, the Lehigl
strike continuing, while dispatches af
firm that the Reading miners viii
strike January 1st.
The grocery trade has been yer.
large for the year and closes with fai
activity, notwithstanding the specula
ton in coffee and the rise in sugar
following reports of a decrease of 1862,
600 tons in beef product.
Provisions hold the recent advance
beef is again a shade dearer, and their
, has been rise of cents in oil.
Cotton, in spite of small receipts, i
shade lower, but breadstuffs hav,
risen, wheat and corn about 1 cen
each.
The treasury has added STA, 600 t.
its deposits with banks and 81 500, 00
to the circulation during the week.
It has now increased the circulation
of coin and paper about $64 600 ,OO
since July 1st, and $3.50 ;OOO, 600 sine
July 1st, 1886. The incom
: plete returns of clearing houst
exchanges indicate an aggregate TO
the year exceeding $51 ,000, 900, 600
with gain of about 4 per cent owe
last year, but November showed ;
| small decrease, and in December th'
J decrease in payments has been consid
cradle. The years failures show a de
crease of 200 in number, but large in
crease of So, 300, 900 in liabilities as fol
, lows: 1SS7-number, 9,643; liabilities
1857 $50 ,944; average, 81, 1892. 1856
| number, 1854; liabilities, S114, 64411O
average, 81 ,651. The returns for tn,
Dominion of Canada show l 1892 failures
with $40, 312,7 liabilities, an aYerag
of S11 1903; the failures in the dominion
were in every fifty-fiour persons il
business: in the United States the.
average 1 in every Ill persons.