The times. [volume] (Richmond, Va.) 1890-1903, 1894-12-22
CONDITION or TRADE.
But for the Exports OF Geld Business
Would be Better.

NEW YORK, Dec. 2l.-R. G.. D.n *
Co. = weekly review of trade says:
But FOR the large exports Of gold and
uncertainty about financial legislation, the
Indications would be more encouraging.
Some increase Is seen in orders gwen to
manufacturing work, though until the
year ends the force actually at work
naturally dimnishes. The holiday trade
has been Door at most points, partly OW-
ing 10 the mil1 weather There is dis
tinctly more confidence shown about tn
future demand for Industrial products,
though prices are not better. Domestic
exports increase a little, though expOrta-
Bile staples are not better IN price In No
Vember the excess OF merchandise exports
over imports was $Zy,5l3.ssl besides Sz,8l,-
OIL silver, and December estimates ind-
cate as large excess. For this very rea-
son the exports OF S1,332.0n in gold since
last Friday. and the Withdrawals Of about
three times as much gold from the Treas
urY. are the more noticed.
Money continues 10 accumulate here
and there is no enlargement in the lcgiti-
mate demand for commercial loans.
though some offerings of paper dppe-
rentiy to prepare for yearly settlements,
have excited remark
Larger orders for manufactured pro-
duets have appeared and vet eXcaDt i'm
boots and shoes. the tendency OF prices is
downward. Steel billets sell al Slh al
PittSburg, and BesSemer pig al 81 10 at
Valley Mills, and in other products the
tone Is on tne whoie weaker except that
advance. Yet quite large transactions are
reported IN pig iron and billets. and im-
proved demand fOr bar and nails while
nothing is doing in rails, and business in
sheetS ana plates Is slight. Competition
between the works in operation for busi-
ness Which Is not enough To keep them
employer pushes prices in many lines
beIow the ordinary cost Of production.
lhe hedyy sale OF cotton goods, result
ihg Ill prices about 10 per cent. below
those previously current. and the an
houhceinent of numerous reductions I'm
prices by agents are by some deemed
evidence that many mills have accumu-
Iateu larger stocks In advance OF con
s"IillhS demand than has been supposed.
quite large sales have followed, but the
market is still irregular and uncertain
The volume OF domestic trade does not
gam except In comparison with last year
When II was declining. Exchanges for the
week were 10 per cent larger than last
year but 33.1 per cent. less than in 1892
ana for the daily average has been 90
per cent. larger than last year, but less
than ic 1892
NEW YORK. Dec. I.-Bradstreets
tomorrow will say:
The volume of general trade continues
small, as expected. from evidences OF
shrinkage within the month. unusu-
ally mild, unreasonable weather continues
10 check distribution OF coal, heavy
clothing, shoes and rubber goods north
west, south, and throughout me cehtrai;;
west. and eastern States, athoush at
larger cities the favorable repoTs az
TO holiday goods and speciaities a. ,,,n,,na
are, for the great part, dtn,,oo ~, goods
OF bright, mild atlier. Cot,oi S"oa
are weaker and sales OF n1n's", no ,,,,han aV
made only at concessions. III, ras,,ltad
Tic sale OF goods at New ORR ,i, ssn'.L
In indicating that the trauo w.aians
up a lower price. Bus"e'S "A