The state capital., 1891-12-12
MONEY AND BUSINESS.

The Condition of Trade and Finance
Throughout tile Country as Shown by
X. G. Dun Co.'S Weekly Review
Holiday Trade Increases the Tolame OF
Business While Favorable Monetary
Prospects Strengthen the Market for
Securities.
New YORK, Dec 12-R. G.. DUN &c
Co. s weekly review of trade SAYS:
As The holidays draw near all signs indicate
large volume of business at the present, with
growing confidence of Improvement in the
future, except in parts of the south. where the
unusual accumulation of cotton and its low
price have depressing influence. Reports from
all parts of the country show very fair activ-
1ty in the distribution of merchandise. Build
ing fer the year about suthces to meet the re-
quired increase IN population. At Chicago the
usual great increase Is seen IN breadstuffs, but
lack of transportation through the country
causes embarrassment, and perhaps part CT tfe
decline in receipts of cattle, butter ana
cheese: A. Omaha the car famine retards bust
ness, and at KANSAS City it is quieter than was
expected. The southern cities all report some
embarrassment, and at Little Reck trade Is dull,
at Nashville money is close: at Montgomery
large stocks of cotton held cause strong demand
for money; at Savannah trade is slack and pros
poets called dubious; at New Orleans thou<h
receipts of cotton are heavy and of sugar
liberal. and the demand for all the great staples
is good collections are slow and the delay IN
payment of sugar bonnfies is especially notlced.
The expected reduction in prices OF carpets mas
come, from 10 cents on body brussels to cents
on ingrains which are now said to be cheaper
here than in England: Among clothiers the bet
ter class of goods are in excellent demand, trade
in knit goods is quiet and in dress goods satls-
factory, but some concessions are noted III Hal
nels Print cloths show some improvement and
prints are more active. The boot and shoe
business clearly increases. The iron business Is
/ more active. The rail mills go into next year
with orders for GO0000 tons. Lake copper Is
lower at 1e9 cents .tin and lead are very dull
and coal Weak. The monthly crop report gave
little help to speculation. il showed q yield or
wheat corn and oats which aggregate 10 per
cent. more than last years, and hfty-two bush-
els for every ifihabtant, against thirty -nlne
bushels in 1890 Cotton ia unchanged. PORK
products are slightly stronger, coffee quarter
of a cent and oil 15s cents higher, without great
activity in any branch of speculative trade. EN'
ports of domestic products continue unchecked,
and for the last week were A per cent more
than for the first week of December
last year. Yet preparations for yearly set-
| Elements abroad cause such remittances
| that imports of specie are stopped by the de
| cline in foreigU exchange. The Bank of Eli
gland has lowered it's rate of discount to 3l2 per
| cent. and is gaining, while the German ana
! French banks are losing gold The treasury
| has taken in more money than 1t has pald GU.
| by 81 100000 but added to circulation SGO0ooo
| new treasury notes, and has drawn down bai-
| ances in banks s2,7OO-O00. Favorable monetary
| prospects strengthen the market for securities
especially as it is evident that disbursements in
dividends, interest and profits about January
will be large and will seek new investments
| With a better tone. some securities have ad'
vanced, and there is no feeling OF apprehension
| regarding the monetary future
| rrt..I fos1, Gr1r-n
| DAYS number, for the United States 280, and fol
| Canada 4O or a total of SO as compared WITH
totals sf $50 last week, and 295 the week previous
to the last. For the corresponding week OF las
wear the figures were 574s representing 3i7 fail
| ures in the United States and ~ in Canada.