River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1893-12-28
BUSINESS Is FAD
DrPTsssion In Trade Continues Three
Million Persons without support.

DUPEsssion In Trade Continues Three
Million Persons without support.
NEW YORK. Dec. IS. - Bradstreet's
says:
"Ihe features Of the business week are the
increased uniformity in reports that general
trade is quite as much or more depressed than
previously: that holiday trading has been I'M
satisfactory aud FAR below that of year ago,
continued closing down OF important Industrial
establishments, reductions OF wages and in
creased instances where short time Is being en-
forced Nearly all staple markets are quiet al
most to stagnation, the exception having been
cotton the price Of which was stimulated late
in the week by revival OF confidence In low
crop reports. Wheat too. was higher for a
time. but reacted On the other hand. pig iron
never was lower than AZ present Commercial
travellers are on the road TO a very limited ex.
tent, as Is usual at this season, and stock TAX
lag is beginning at many points, which tends
70 emphasize the lack OF bus ness activity.
~ it'll the exception OF Augusta Ca, and
possibly one other point, absolutely no claim
20 even a slight Improvement In auy line OF
business is made at any point this week Elk
ports Of wheat from both coasts Of the United
States are not large last week. amount
ing 70 only 2,6o5,0o0 bushels, about 90 per cent
Of the total year ago, and three-quarters OF
the aggregate 50 shipped in the week two
years ago
Transactions in lumber leather. wool. dry
goods and. IN fact, almost all staple lines, are
for actual wants only and the outlook is not
for material revival during the next sixty
days.
special kilograms TO Bradstreers from 1ig
Important cities throughout the country indi-
cate the total number OF employees in Industrial
and other lines out OF work at this time from
all ca lses, together with the total number of
people directly dependent for support upon
those so rendered idle. is nearly 1890 coo
There is an improvement in Christmas
trade among retailers az few western ties.
THIS is true at Cleveland, where business in
other respects is unchanged AT Cincinnati
trade is very quiet Transactions in staple
goods at Toledo are reported fair. but in other
lines business is very dull The holiday trade
81 Detroit is less than anticipated and indus
trial lines continue inactive All departments
OF business are reported dun at indianapolis
and Louisville.
The volume OF Christmas trade at Chicago IS
only fair and In other lines there is compare
lively little doing. travellers beng OF the road
and merchants receiving relatively few orders
by mail. This is the beg ming of the season for
Inventories, which empa thiZes the dullness.
Jobbers in hats and shoes al St. Louis report
business restricted to actual wants and the
movement Of iron is as slow as ever There is
no activity in business circles at Kansas City
aside from Christmas specialties except in lines
Of cheap goods Trade remains steady al
Omaha though smaller than year ago and
dullness characterizes the situation at Milwau.
kee, Minneapolis, Duluth au1 ST Paul, as for
weeks past"
r. g. Dun & Co.'S weekly review of
trade says;
1.-THE year is practically over, except the holt
day business which is remarkably well sus-
tanned as respects number OF sales, considering
tie tate of industries and the army OF the IN.
employed, but is materially diminished in vol.
ume, because purchases average much smaller
In value than in recent years. Probably the
stocks OF holiday goods Of the better class left
ON hand after next week VIII be larger than
usual.
other bus. ness, all branches included APP
pears from clearing house returns % per cent.
less Than last year at the same date But much
Is done at prices which return no profit, N rel y
10 keep hands together or retain customers.
and the losses by numerous and heavy failures
reduce profits even where the volume OF trans
actions has given fair promise. Changes dur
ing the past week have not been cheering IN
Character. but the minds Of many are now turn
ing TO the dawn Of the new year with hope OF
better things.
Russian exports are beyond all precedent
In October and November 20 $4,000 bushels,
against 2O,5S000 bushels last year. and the
country is selling at ruinous prices because
producers fnd IL necessary 10 realize.
corn has declined Z cents Pork products
sents and ard - cents. Wheat Is cents low
Or than a year ago. corn 10 cents, pork g. 81 q
barrel lard q 90 hogs cents.
The failure Of the Crane Iron company last
week. with some other smaller failures. out
weighed In influence the resumption OF work by
few iron works, and has increased depression
kt the east
'Woolen manufacture has started three
more mills, but six have stopped, one employ
Ing 900 hands, and others are reported al.Jut
to stop when stocks hand are worked up.
The shoe manufacture does somewhat better.
though shipments from Boston show a decrease
OF "A per cent for the week, and many factories
are working on orders now nearly exhausted,
while few new orders come in and sales from
stocks are comparatively rare
The delayed treasury report IN favor OF coin.
ing he silver bullion on hand, substitution OF
other issues for goyernn eat paper currency,
issues OF bonds and teE on Incomes derived
from corporation attrt CTS not much attention,
but Notwithstanding the abundau &c OF money
the market is rather less conhdeIt in feeling
II is believed, however, that the usual pinch
about January / will not occur
'Faflurts FOR the week were 344 in the United
States, against 2S3 last year. and 81 in Canada,
against Is last year The liabilities in failures
reported last week appear 10 have exceeded
90 2205e7 amount, including %, sos $50 for
manufacturing and s2,os49 for trading con
Germs, against Is 459,4O9 Tor the previous week "