The Irish standard. [volume] (Minneapolis, Minn. ;) 1886-1920, 1894-12-29
BUSINESS OUTLOOK.
Trade Hampered by Uncertain
Financial Legislation.
Mid Weather Causes Poor Holiday Busi-
ness at Most POints--A Glance at
the Situation in Many
Lines o. Trade.


Co. IS Weekly Review OF Trade says:
But for the large exports of gold and I'M
certainty about financial legisl ,tion, the inai
cations would be more encouraging. Some in
crease is seen in orders given to manufactur-
ing works. though until the year ends the force
actually at work naturally diminishes. The
holiday trade has been r. tler poor at most
points, partly owing to mild weather. There
is distinctly more confidence shown about the
future demand for Industrial products, though
prices are not better
Exports Increase.
Domestic exports increased little, though
ezportable staples are not better in price. In
November the excess of merchandise exports
over imports was s29, 57s, Ss1 besides $29sl, o3l
silver, and December returns indicate
as large an excess. For this reason
the exports of s5,s3,,0n in gold since
last Friday and the Withdrawals OF about
three times as much gold from the treasury,
are the more noticed. Money continues to ac-
cumulate mere, and there is no enlargement In
the leg itlmate demand tor commercial loans,
though some offerings OF paper, apparently to
prepare for yearly settlements, have excited
remark.
Wheat, C0ru and Cotton.
Prices of agricultural products do not i'm
prove. Wheat is unchanged for the week,
Corn fell cents for the Week. lotion has de-
clined sixteentn. TO sos cents, ana receipts
from plantations continue larger for December
than 1891, Wue4 t4le crop WIS over vUOp,0U0
bales The tneory that producers VIII not
marnet at current prizes not ut the facts.
Large oruers lor manufactured products
have Appeared and yet except III BOGUS and
shoes, the general lenuency Of prices is down
ware.
Gold Withdrawals.
The Withdrawals Of gold from the treasury
have been over a2lOJu,voO since december S,
and are attributed III paru to repl .celneAt OF
bank receipts WHICH Mere reduced py the pur-
chase OF bonds. Yet it is plain that the desire
OF foreigners to gel gold instead OF STOCKS and
OF A1nerlcEs to get gold instead OF notes, rap
idly takes from lue treasury Whatever Was
gained Dy selling bonds
Ane Eaiiure Record.
Failures have been somewhat more IMPORT
ant the reported Liabilities for the second
week OF Deoenuer amounting to Still 6W and
for two Weeks OF Deceinuer the aggregate has
been 81, 43J 4Ul, OF which .snuEaeturlng .Abili
ties were s2,t66, Ia aud the trading i1abillJies
"a v7 5:y But last year tie liabilities in failures
OF the same two weeks We're Sill ,67ygY6, OF
which no 4ess than Is, ia 434 were OF manufac~
turing ind uniy a5,:ul7e4 OF trading concerns
The failures for past week have been $40
in the United states against 3s4 last year. and
IS in Canada, against ~ last year.
AS 1t appears to Bradstreet.
Bradstreet's says:
The volume OF general trade continues
small, as expected from evidences Of snrln]1-
age within the month. Unusually mild, un~
seasOnable weather continues to cheek ul,tri-
button Of coal, heavy clothing, shoes and rub-
Der goods northwest, south and throughout
the central western and eastern states, al
though ut larger cities the favorable reports us
to holiday goods ami specialties at rula1l ere
for the great part the outcome OF bright, MILD
weather.
'Jobbers and other wholesalers as rule re-
port commercial travellers OFT the road, and
that little is doing except to take account OF
stock. The outlook for trade alter this hOll-
days is fair, although larger Chicago dealers
report stocks On hand larger than expected.
except amyng jewellers, who have unexpected
ly eujoyed heavy trade.
From q dozen Of the more Important west
ern and northwestern trade centers dlstribu-
ton OF staples is reported quiet Or moderate
In volume except from Cincinnati, where there
is u slight gum. Collections only
fair at Detroit, Omaha and Kansas
City, but at Chicago and St. Louis
they are more prompt. Demand. for
funds at Chicago. as at buffalo, has made the
market firmer packers beng relatively best
borrowers. Dealers in furS and joubers in
most staples at Detroit Minneapolis, st. Paul
and Milwaukee report that this, the mildest
December for many years, has greatly inter
fered with trade