Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1891-11-26
TENDING DOWNWARD
Enormous Production Depreciating
the Prices.
R. C. Dun & CO.'S WEEKLY REVIEW.
notwithstanding Much to Depress Busl-
ness Confidence is Unshaken-Money
Market Fairly Supplied For Le-
ultimate Purposes.

NEW YORK, Nov. CIR G. Dun &
Co.'S weekly review says:
Much has happened of late to depress
business and shake confidence and yet
confidence is not shaken and the vol
ume of business is still close to the
greatest ever attained. Prices are set
ting downward with enormous produc-
ton, but the fact that such production
continues shows that the low prices are
not ruinous- Alarm about the money
market has passed and no disturbance
is apprehended this year. Industries
are on the whole well employed and it
is especially noteworthy this week that
there is a better tone in branches of
trade which have been most embar-
rassed
At Boston improvement is seen in
many lines and more active demand.
At Philadelphia better spirit is seen in
dry goods and clothing and other i'm
portant trades are fairly active. At
Pittsburgh the iron market is weaker,
glassworks are all in operation and
coal miners have resumed. At Cleve-
land trade in leading branches is good
and manufactured iron is in active
demand. At Cincinnati general bust
ness is active, but heavy lumber
failures cause some uneasiness in that
line. Chicago reports merchandise
sales much increased, the cold
weather having helped many branches,
and while receipts of corn, cured meats,
lard, butter and cheese and cattle show
some decrease, gain appears in -four
and wheat, % per cent in oats, 80 per
cent. in hides, IS per cent. in dried beef
and four fold in rye. At Milwaukee,
St Paul, Kansas City and St. Louis
trade has distinctly improved with
colder weather and is fairly brisk at
Omaha and strong in all lines in St
Louis, but the car famine grows worse
with a grain blockade northward and
a cotton and coal b ockade southwark.
Wool sales continue of good volume,
though western heeces are rather
weaker. No important change appears
in the boot and shoe manufacture, but
better orders and increased employ
ment of works are noted.
The most stubborn iron market ever
known gives surprise to many, for in
spite of unprece Iented production the
prospect of some accumulation of
stocks does not disturb strong makers,
who reckon that it may be well for the
country to Law in and hold much larger
stocks than heretofore, so sudden and
violent fluctuations may not be so
readily produced Large sales of rails
at the west are reported but markets
for other finished products are not ma
terially altered.
Receipts of wheat at western centers
continue at the rate of more than /, OOC,-
900 bushels daily and exports are also
large but the price has declined SIS
cents on sales of 2S,OOO OOJ. The specu-
lation in corn is yielding, the price being
cents lower for spot, while pork prod
ucts are substantially unchanged and
oats half a cent higher. Oil has de-
clined a cent, but sugar is a shade
stronger and coffee has risen three
eighths on account of Brazilian troubles,
which render commerce with that coun-
try peculiarly uncertain.
The m pney market of the country is
well supplied for the legitimate needs,
but some points report Speculative
money tight" Exports of merchandise
from New York in three weeks of
November have been S25, Psi, 7l9 in
value, an increase of 80 per cent,
while imports for November thus far
are alb ut IS per cent smaller than a
year ago, which points to an enormous
balance to be settled by other countries
in specie.