Abilene weekly reflector. [volume] (Abilene, Kan.) 1888-1935, 1893-12-07
HESITATING.
Tho Condition of Trade as OBJ
served by Dun.
BUSINESS ABOUT The SAME.
A superabundanco of Money May Cause
Unhealthy Speculation Decline In
Imports, but No Gold
Coming.

NEW YoRK, Dec. 2.-R q. Dun & Co. a
Weekly Review OF Trade says:
II cannot be said that business during the
past week has grown better or worse For
some days the ga In demand and in transac.
tons which had been previously noticed eyi.
IDENTIFY continued But afterward tariff uncer.
tainties we're thought TO effect some branches
OF business, and, whatever the causes, the state
OF trade was less clear Money was every " here
abundant with rates comparatively lower and
commercial demand was remarkably small,
while the demand for speculative uses appeared
10 be Increasing
The volume OF trade has been somewhat in.
creased, but not yet as much as was expected
the exchanges for last week showing a de.
crease OF 20 per cent, compared with last
year In part because the week covers only 1--we
business days, against six last year. For two
Weeks covering the same working days, tho
decrease has been 21 per cent The railroad
earnings for the lust week OF November show n
larger decline than for either OF the preceding
weeks but IN freight trafnc alone the business
was about the same as for the II st half OF the
month In gen raj the statement shows q
slight increase In caste n trafnc and a heavy
decrease on western and Pacific roads But
these reports cover period ending more than
week ago, and cast only an uncer ain LIGHT on
tho present situation
Speculative markets have shown but little
change except for trust stocks which average
" per share lower with railroad stocks but
shade lower Wheat is slightly stronger west.
cru receipt, being considerable smaller than in
recent weeks, though exports are also remark.
ably small Corn Is UNCHANGED, with heavy
western receipts and large exports Pork and
hog products are practically unchanged as well
as oil Cotton Is shade lower, as rcceip rs
from the plantation, continuo TO excee those
OF last year In spite OF tho very positive est
mates OF short yield, and the average of
HUnaarg a Ia ~ nHIn n,nt
ton exchange Is over 7JO,OJO bales greater than
the government estimate. The stocks OF cotton
In sight are again so large that they retard any
rise In prices
The sales Of wool are again larger than for
the same week last year, amounting to d0Ip,.
8 o pound, against 80 !, 500 pounds last year.
but part OF the transactions arc said to DO
speculative In their nature, being based on the
theory that whatever may happen lat T. the
necessities OF the country will compel larger
consumption Of wool within the next fow
months Nevertheless dispatches show that
several wooden WORKS have been closed within
the pas week for lack Of orders and tho in
crease In demand for gOols, which appeared to
some extent week or two ago cannot DO said
10 continue In boots an shoes no increase in
the working force Is seen, and while eastern
shipments are only about per cent less than
yoar ago the greater portion OF the works
have orders only for part Of III ir capacity
Tho vast accumulation Of idle money tends to
stimulate speculation, but 1t i not n good
symptom II shows remarkable shrinkage
In the volume OF trade, and the reports from
all quarters make II clear that the demand for
money Is unusually light for the season. Rates
are exceptionally low here, AMI this helps to
prevent the movement OF gold which he state
OF foreign trade might now usually cause The
domestic exports for four weeks from New
YORK amount to 5olig,S D. against s9,s7i.ii3,
while the decrease In lmport3i Is over els,DO ,t0i
or 80 per cent for four weeks so that the ex.
cess OF exports for the whole country must be
large
But, while exchange bills against prod uctions
ore exceedingly scarce no gold comes this
week and heavy shipments OF silver are made
to London, the price declining, although India
Is taking more than last year. Apparently
this country Is paying on with It's surplus loans
amounting to many millions which were effect
ed In Europe TO avert great disasters last sum
mor Hence II Is the condition OF the treasury
commands attention, with its total sh reserve
down to $500 ,OJI and Its available gold only
ti2O0I,HO
Failures during the past week numbered ia,
against 20 for the same week last year and in
Canada ~ against 80 last year.