Iowa County democrat. [volume] (Mineral Point, Wis.) 1877-1938, 1893-12-29

New York, Dee - -Bratlstreet's re
port of the weeks trade SAYS that
the features of the business of the
week were Increased uniformly in the
reports of general trade showing il TO
DC quite lis much or more depressed
than previously; holiday trading I'M
and far below that of a
year ago; continued closing down of
important industrial establishments;
reductions of wages and Increased in
stances where short time is being eu-
forced
Nearly all staples in the market are
quiet, almost to stagnation, the eX-
ceptlon being cotton. Wheat, too. was
for 4 time but reacted. On the other
hand pig iron was never lower. With
the exception OF Augusta, Ga, and
possibly ono other point this is abso-
lutely no claim to even slight improve
mcnt in any line of business made at
any point this week.
The exports of the wheat from both
COASTS of the United States were not
aS large aS last week, amounting to
only 100000 bushels, about q per cent.
of the total II year ago. Special tele-
grams to BradStrcet from 119 import
ant cities throughout the county in
dictate that the total number of en-
ployeeS in industrial and other lines out
of work at this time from all causes,
together with the total number of PEG
pie directly dependent for support upon
those SO rendered idle is nearly three
million Business failures in the Uni
ted States number 353 this week,
against }}331 last week, 2S} year ago.
Transactions in lumber, leather,
wool dl.ygoodS and, in fact, almost all
staple lines are for actual wants only,
and the outlook is net for i material
revival during the next sixty days.
The volume OF Christmas trade at
Chicago is only fair and in other lines
there is comparatively little doing.
Iobbcrs at st. Louis report business
restricted to actual wants and the
movement of iron is as slow rs ever.
There is no activity i'll BUSH cSS cir
cles at Kansas City aside from Christ
mas spccialties, except in the lines of
cheap goods.
Trade remains steady Il; Omaha
though smaller than Il year ago and
dulIness charactclizcS the situation at
Milwaukee, Minneapolis, Duluth and
st. Paul as for weeks past
New York, Dec -. X. G. Dun "
Co.'S summing up Of the week trade
says that the year is practically over,
except for tho holiday business which
is remarkably well sustained, but ma
terially diminished i'll volume. Other
business appears from clearing house
returns - Ber cert. less than last year
at the same date.
The changes of the past week are
not cheering i'll character but there IS
hope of better things. Speculation is
torpid, excepting i'll Il few stocks and
cotton.
Wheat has changed little in price
though western receipts were only >
1861 bushels against i, l9S,Ol6 last
year. and Atlantic exports only oh
O95 against 2,13S,O12 last year Rus
sian exports we're beyond all precedent
i'm October and November, being 26,
6OO,OO against 2O,SOO,0O0 last year,
and they are selling at ruinOuS prices
because producers have found it neccS-
Sary to realize
corn declined / 3-4c with western re-
ceipts 3,744,2l4 bushels, against p
445575 last year, while exports de-
clined to 334 ,456 against 2S3,S26 last
year. Pork products are somewhat ac-
tive and lower, pork Toe and lard Il
quarter Wheat is nine cents lower
than a year ago, corn - cents, pork
81 30 per barrel, lard 2.6c; hogs Lie.
Wooden manufacturers have started
three more mills, but six have stopped.
The sales of wool at the three chief
markets were only 2,J07 900 pounds for
tho week. against 5.597 400 last year,
and throughout the west trade is COM
pletely ,paralyzed. The shoe manu-
facture does somewhat better, though
shipments from Boston show a de-
crease of 81 per cent. for til" week
and many factories are working On
orders now nearly exhausted.
Foreign trade is still shrinking, the
exports for the past three weeks hav-
ing been 10 per cent. less than last
year and imports at New York 20 per
cent less.
Not withstanding an abundance Of
money the market is rather less con
filent H. feeling. 1t is believed, how
ever. that the usual pinch 40 ut Jan
uary 1 will not occur.
The failures for the week number
3354 in the United States against 2S3
last year.