Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1893-01-05
REVIEW OF THE YEAR.
Trade Has Followed tho Lines of an En-
larging Prosperity-The Most Prosper
Gus Year Ever Known.

| Trade Has Followed tho Lines of an En-
larging Prosperity--Tho Most Prosper
GUS Year Ever Known.
New YORK, Dec Sir. G. Dun 6,
Co.'S weekly review of trade SAYS:
The most prosperous year ever known in
business closes to-day with strongly favorable
indications for the future. From nearly all
points comes the report that the holiday trade
has been the largest ever known, and while
wholesale trade is not usually active at this
season of stock taking it is remarkably
large. Settlements through clearing houses
outside New; York in December were apparent
" the largest ever made in any month"; exceed
ing last years by more than 10 per cent For
the year the volume is also about lG per cent
larger than last year, and the largest ever
known. Railroad earnings in December show
an increase Of about per cent over last year,
and for the year an increase OF about SIS per
cent Foreign trade has been smaller
than last year in volume OF exports-at New
York ~ 800, 900 in value for the last four weeks
and at cotton ports about $l0,000OO0 less-but
imports at New York have been $1,000, 600
larger, and the month still shows great OK.
cess Of exports. For the year the excess Of
merchandise exports has been not far from
s70,0OO0oO, with the largest imports and the
largest total of exports and imports ever
known in any year.
The year closes with all wooden, cotton and
silk machinery fully employed, and unsod
stocks OF goods much lighter than usual while
the demand for the coming season already ex-
ceeds the capacity of many mills. The orders
in dry goods are extraordinary. Sales of wool
at the chief markets have been $4,000, 900
pounds, against 246, 900 last year, and for
eign imports have been the largest ever known
with domes tic supply but slightly behind the
largest.
Boston reports quiet wholesale trade. Wool
r.. ,,s1k A
weak. At Pittsburgh iron is slower, and the
demand for finished products is diminishing
but glass is fairly active. The shoe trade of
Cleveland is excellent and other trade good,
though in iron no improvement is seen, and
4,OOo, GOO tons iron ore remain on the docks. The
clothing trade is good at Cincinnati, and ma
chinery and foundry business up to the usual
mark. At Detroit trade is maintained. Bust
nesNat Chicago is good in all lines, especially in
heavy dry goods. Holiday trade was very good
at Milwaukee At St Louis retail trade
unusually strong. Business at St. Paul ex-
ceeds last years and is large at Minneapolis
though lack of water restricts the flour output.
The lumber trade is most prosperous. BUSH
ness at Omaha and at Kansas City is satisfac-
tory. At Nashville trade is good and at New
Orleans active, especially in sugar
In iron the trade is weaker, the demand for
finished products being at preseat light. But
steel rails have been reduced to 500 per ton
anu safes OF lC,VOV tONS nave followed. IAIS
great industry has been much affected by the
market for securities, which has been de-
pressed for some months by foreign selling and
monetary uncertainties, so that companies
have been restricted in purchases OF rails
and supplies. But for the last week stocks
have been stronger, gaining about s2 per share
in average prices. Speculation in products has
been comparat lively Inactive though wheat has
been advanced by western pool nearly two
cents.
Cotton has been steady and strong, with di-
miniShed receipts.
The year 1892 was remarkable for fewer fall
ures than have occurred in any other year
since 1886, the numbers reported being 0,344,
or 2, 029 less than in 1891. The indebtedness
of firms failing was but $4,000. 900 in 1892,
against S1e9, 000 900 in 1891 and about the same
in 1890.
The average liabilities of firms failing in
1892 has been only $1,000, the lowest average
reported since 1873.
In 1892 only one in every 113 traders failed,
against one in every ninety three in 1891, and
one in every lG2 in 1890.