Omaha daily bee., 1890-01-04
DUN'S REVIEW OF THE WEEK.
A Coofdent Feeling Prevailing All
Over the Country.
MONEY A TRiFLE TOO CLOSE.
But Reports of n Most Encouraging
Nature Continue to Come From
All the Centers
of Trade.
The business Outlook.

NEW YoRK, Jan. 8.-lSpecial Telegram to
THE BEER. G. Dur & Co.'s weekly re-
view Of trade says;
The new year opens with a most confident
feeling prevalent in all parts Of the country,
and yet with some features which suggest
especial caution. The money markets are
strained at the east, close in Chicago, Cleve-
land and Detroit, and closer than before ut
Kansas City and Omaha, but other western
points are fairly supplied. But the advance
In the Bank Of England rate, and the
signs of possible disturbance resulting
from excessive speculation abroad,
render the monetary outlook here less
clear. The heavy disbursement for interest
and dividends, estimated at sb6. 29i, Il6 at
New York alone, nearly u per cent more than
last year, will doubtless give present relief.
Reports from other centers OF trade all
show that the unscasouably warm weather
Is having a depressing influence, but in other
respects are generally encouraging. Many
iron ana other mills are temporarily closed
for repairs.
Chicago foots up transactions in 1899
amounting to 81, IN, 900. 900, against 81, 49,
100000 in 1888, q gain OF 81 per cent. In
cured meats the gain has been 100 per cent
and in dressed beef, lard ana cheese large,
but flour receipts are smaller, with an in
crease in grain. The dry goods trade was
fully up to the previous year, with easy col
~lections. St. Louis notes the largest holiday
trade on record, and receipts of grain aud
produce limited only by the transporting
power of the railroads. AT Milwaukee
there Is uneasiness as to the near future,
and the weather causes slow collections, and
similar fears are entertained at Detroit. AT
Kansas City and Omaha business is fair Tor
the season.
The chief industries are on the whole I'M
usually prosperous. A fuller statement OF
cotton mills dividends for 1899 indicates
that they were larger than in any previous
year of specie prices. The leather trade has
become hopeful, aud the consumption OF
boots and shoes is prodigous, but overpro
duction pushes prices too low ior
healthy profits. The IRON trade pauses
at this season, but prices arr
glass producers has raised the price of win
dow glass higher than for the past five years
and expects to make the business profitable
Copper is selling at IA cehts for lake, witt
increasing consumption.
The wooden business is still the cloud II
the sky. The stocks carried over Mt TIN
chief cities prove TO be 22,0O0,O0O pounq
more than a year ago, and sales at Bostoi
for 1889 were 1874, 000,0 600 pounds, agains
166 DOC, 900 for the previous year, o decreas
Of nearly 20 ner cent.
The produce markets have been dull. Tn
decline in prices of all commodities from
January | 10 January l was ~ per cent, IAN,
the range is now a little lower than in an,
previous January for thirty years.
Thu stock market has been weakened By
monetary pressure for the past two weeks
but the average of prices is SIS per shar
higher than q year ago. The larger earn
ings and dividends would justify fully tina
advance il the prices Of last year were no
too high, and the recent s~triugency, wit
considerable selling on foreign account
have caused but little depression in railroa,
stocks. The treasury has put out onl
81, 100, 900 more than it has taken in durin
the past week, the large dlsburse
meuts for the new year hav
ing not been felt vet, but til
available surplus has been reduced 80, 600, OF
for the month OF December, indicating
large addition to the circulation.
sul rS %Ss RWe eraps 81 NHeSWp YORK "fE falling only /
per cent below those OF the previous yea
which indicates an increase Of $40, 600, 600 G
more in exports over imports for Decembe
The failures in 1889 number 10, $50 in I'll
United States. or one in every ninety-seve
firms, and LII in Canada, or one in ever
forty-ive firms. The aggregate Of habilitis
was sl4S. 7S4, 33T in the United States, again.
$685. 800. 973 in 1888, and s14, 713, DOB in Canad,
against S14, 0S1, 1863. The business failure
during the last seven days number 1913.