The weekly tribune. [volume] (Great Falls, Mont.) 1891-1894, 1893-12-29

hsDerts shsw . Lees I'm Sales Of ~ Rss
Cent Compared to Last Yesrs.
NEW YORK, Dec. 25.-R. G.. Dun d
Co.'s Weekly Review Of Trade says:
The year is practically over. except
the holiday business, which is remark
ably well sustained as respects number
Of sales, considering the state of indus
tries and the army of the unemployed,
but is materially diminished in volume
because purchases average much smaller
In value than In recent years. Prob
ably the stocks of holiday goods of the
better class left on hand after next
week will be larger than usual. Other
business, all branches included. appears
from clearing house returns 25.1 per
cent less than last year at the same
date. But much is done at prices
which return no profit. merely to keep
hands together or retain customers, and
the losses by
Numerous and Heavy Failures
reduce profits even where the volume of
transactions has given fair promise.
Changes during the past week have not
been cheering in character, but the
minds OF many are now turning to the
dawn OF the new year with hope of bet.
ter things. Speculation is torpid except
in q few stocks and in cotton. With the
scanty buying, wheat has changed little
IN price, though Western receipts have
been only 3,746,5l4 bushels against
4,19S,O10 last year, and Atlantic exports
only 574,095 against 3, l3s, 0l2 last year.
Russian exports are beyond all proceed.
ent, in October and November 20, 6OO,-
600 bushels against 20, 800, 900 last year,
and the country is selling at ruinous
prices because producers find it neces-
sary to realize. Corn has declined / 81
cents with Western receipts 3,744,214
bushels against 2,445,57 last year, while
exports declined to 334, Ass against $685.
s26 last year.
Iron Trade Depressed.
The failure of the Crane Iron COM
pany last week with some other smaller
failures outweighed in influence the re-
sumption Of work by a few iron works.
and has increased depression at the
East. The reduction in price of bleached
cottons last week and Of leading wide
sheetings this week has been less effect
i've in stimulating trade than was ex-
pected. Woolen manufacture has
started three more mills. but six have
stopped. one employing 5000 hands, and
others are reported about to stop when
stocks on hand are worked up. The
sales of wool, at the three chief mar
kets, were only ESQ.,. 900 pounds for the
week against 5,591, 400 last year, and
throughout the West the trade is COM
pletely paralyzed. The shoe manufac-
ture does somewhat better, though ship
ments from Boston
Show a Decrease Of 70 Per Cent
for the week and many factories are
working on orders now nearly exhausted.
While few orders come in and sales
from stocks are comparatively rare,
which is most unusual when stocks in
dealers hands are small.
The closing n the st. Nicholas bank,
with liabilities Of 80, 753, 900 caused no
excitement. Foreign trade still shrinks,
exports for three weeks having been 10
per cent less than last year, and imports
at New York 90 per cent less. The de-
layed~ treasury report in favor of coming
the silver bullion on hand, substitution
OF other issues of government paper cur
rency, issues of bonds and a tax on in
comes derived from corporations. attracts
not much attention. but notwithstand.
ing the abundance of money the market
is rather less confident in feeling. 1t is
believed, however, that the usual pinch
about Jan. l will not occur.
Failures for the week We're 344 in the
United States against as3 last year, and
in Canada against Is last year.