Fair play., 1892-01-16
THE COUNTRY'S TRADE.

The Opening of the New Year Signali1ed
by Marked Declines in the Prices Of
Wheat and Cotton-Ihe Latter Now tho
Lowest since IsI9-A Depressing in-
huencc in business in the Soutt-Tra,lo
In other Sections Generally Good
NEv EoEK. Jan. Or. e.. Dun &
60. weekly rrSicw IF trade says:
The first week of the new year has becn
marked by some striking events. There has
Aocn III important ie"bnC in the prize of wheat
and cotton, which have lcrn held of late n little
70" high for foreign estimates ri value, ~ that
Exports were somewhat checked. The decline
WIZ bring ont larger orders for export. Cotton
has dropped Ia ;ie lowest price since 1919.
viz; "a cents for tnidiling uplands Receipts
are greater in thu south AMI the stock il as'cu-
muatjng. being largely carried hy hanks ut
various points. all Of which has depr'ssing
effect. This affects trade throughout ths south.
and NJ Aemphls the outlook Is considered Pspr
AMI collections, are very slow. At Nashville
trade Is only fair. though money is easier; at
LATHE Rock trade is dull; at Galveston very CON
Nerr'tiSt. with failures much exceeding those Of
last year IN number: M Savannah trade il
quiet. though money u easier. and At New Or
leans banks arr easier and better feeling IL
~'ru III the money market, though unusual
Quantities ot cotton sugar and rice are being
carried The demand for sugar and ric" Is
strong and active with slightly better prices.
h':t cotton Is declining with heavy receipts
Trade III other pIrts Of the country Is fair for
the season. At Bost"n business il better in
some lines with CONSIDERABLE activity in dry
E""i~.iicw goods being npciic>i and selling frriy
Boots and shoes improve slowly. manufacturers
havlnS fair employ hut being ANXIOUS for
further ORDERS An improved demand Is seen
for rubber goods At Hartford hardware and
groceries arr i'll fair demand and dry goods
dull Ar phiill,,lfhtI liberal nrxtsrS m, noted
for spring materials. AMI while trade In other
hrano hes Is now very light. the prospect is con-
sidcrrd Enoi Baltimore reports u healthy
money market, and Cincinnati activity in cloth
ing. and moderate trade IN whiskys with .
favorable start for the year. At Cleveland
trade Il good for the season. and rolled iron in
good demand. At Pittsburgh the outlook seems
better: pig iron is stronger and finished iron in
good demand Chicago reports some increase
in receipts ot harles, cured meats. cheese and
cattle: receipts of oats nearly double last
years: of -four. corn. rye and dressed beef
fully double. and of wheat three times last
years. Dry goods sales are light. though pay
mruts ara better: sales of clothing and shOes
are larger than year ago. AMI money Is in fair
demand. with the supply ample for legitimate
trade. Milwaukee finds good indications for
the spring trade, and heavy snow helps tho
Timber business. At St. Paul trade is quiet as
usual, with excellent prospects. At Minneapo-
lis the ear faiiiiDe Is over, afid the output OF
flour l10un. barrels, against lliGD last year.
with the lumber sales of 1871 exceeding those of
$50 10y G1.s0.ID feet. At st. Louis cold
weather causes better trade in heavy clothing,
and other trade is seasonablc. sh0
grain blockade having broken. Trade Al
Kansas City is quiet, and money is in light de-
nIasd Collections throughout the northwest
are very fair, though slow az most southern
points. The great industries report no import
ant change. though In iron large business Ii
being done. and the tone il improved. Some
Improvement is seen in bar and plates and .
fair business IL; structural iron. The coal trade
is ragged, though the demand is beyond sl1
precedent. Less demand is seen for copper.
though large sales have occurred. Tin 10
weaker and lead dull. and other markets
throughout the north are easier.
The business failures occurring throughout
the country during tn. last eight days. number
for the United States. ;93 and for Canada u, or
n total Of 80; IL compared with 80 last week.
and :..a the week previous 10 the last. For tho
week of last year the figures
were i03. representing :s.5 failures in the United
States, and ~ in the Dominion of Canada.