The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1893-01-05
REVIEW OF TRADE.
Business Has Been Prosperous
During the Past Year
Manufactures show Steady Increase
General Business IN Good CODdlsiOn
t-Smaliest Nuanber Of Failures
for Six Years.
A e60D RECORD.

4 GOOD RECORD.
/ NEW YORK, Dec. 3l.-R. g. Dun d
Co. S weekly review Of trade says:
The mos: prosperous year ever known ID
business close. totay with strongly favorable
indications for the future. From nearly al
points comes The report that the holiday trade
has been the largest ever known. and while
wholesale irase is not usually active Mt this
season y; stock taking it is remarkably
! large. Settlements through clearing houses
Onisi,:. New York in December were apparent
" the largest ever maIe IN any month, exceed
ing las; reafi> by more than 10 per cent, For
the year HE volume is also ahont 10 per cent
iarssr than last year, and the largest ever
Sno~h Railroad earnings in December show
| an ::cr".s, OF about per cent. over last year.
H.: FOR Tie year an increase OF about SIS per
| cent. Foreign trade has been smaller
| .nan A>: y-;lr in volume Of exports-at New
York s:sli.'Hr, in value for the last four weeks.
and IL cotton ports about sla.0HHl iess-but
.n?lh,r;> Il: New York have been sa00lu 0O
| larger. ans: the month stil shows great ex-
| rcS> NJ "Xp,rls. For the year the excess Of
| merchandise: exports has been not far from
s.nnh.n1 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
sir machinery fully employed. and unsoid
| st":ils of go"s;> much lighter than usual, while
/ the aeli,;lsd for he comm" season already eX-
c',ed> Ih- capacity VI MANY mills. The orders
! 81 dry foods are extraordinary. Sales of wool
!; the chief markets have been $4,000 900
,Dnna>, against .46.000.009 last year, and for
cign imports have been the largest ever known
with a domestic supply but slightly bchiRsl the
largest
Boston reports quiet wholesale trade. Wool
is quiet Int firm. At Philadelphia iron is
: weak At Pittsburgh iron is slower and the
demand for finished products is diminishing
/ bat glass is fairly active The sho" trade OF
Cleveland is excellent and other trade good
though in iron improvement is seen. and
100 go" TONS iron remain on the docks. The
| ciuthn" trade Is good at Cincinnati and ma
chinegy and foundry business up II the usual
mark. At Detroit trade is main ti:ied. Bust
ness Chicago is good in all lines especially in
heavy dry goods. Holiday tratte was very good
at Milwaukee,. At ST Louis retail trade
I unusually strong. Business at 81. Paul OK
ceetls lasl years and is large ii Minneapolis,
though ac.s OF water restricts the -four output.
f'the tIla,el trade is most prosperous Bus
hess al omaha ANA at Kansas Cts is >atiS:s.s-
| Tory Az Nashville trade is good aud al New
| Orleans active. especially III sug1r.
| In iron The t-l,ie is weaker, the dem md fo.
| finished products being at present light. BFl
I steel rails haze been reduced 10 x:' per ton.
and sales of 's.01 tons have followed. This
great nuStr has been much affected by the
| market for securities which has been d.-
pressed for mouths by foreign selling and
monetary uncertainties. that companies
| have been restricted in purchases OF rails
+. anu supplies But for the last week stocks
. have been stronger. gaining about - per STARE
in average prices. Speculation in products has
been compare lively inactive. though wheat ha $
/ beel advanced by western POL nearly two
cents.
Cotton has been steady and strong. with di-
miniSh,, receipts.
The year ls!'. WAS remarkable for fewer fail
ure> tlan have occurred in any other year
since 1856, the numbers reported being ;u,3ii,
Or ...u:.9 less than in 1891 The Indebtedness
OF firms failing was but 4l4.0Uu.JUD in 1892,
against $4,000 900 in 1891 and about the same
in lS.hl
The average liabilities of firms failing in
1s9. has been only xll 900, the lowest average
reported since 1873.
In 1897, only one in every l3 traders failed
| against one in every ninety three III 1891 AND
one in every log in 1881