The morning call., 1894-12-22
100 Much uncertnintx

NEW YORK, Dec. 2l.-R. G. Dun's Weekly Re-
view of Trade which will issue Saturday Will say !:
But for the larger ports of gold and uncertainty
about tho financial legislation the indications
would be moro encouraging. Some interest is
seen in orders given TO manufacturing work.
though until the wear ends the force actuallv n,
work naturally diminishes.
The holiday trade has been rather poor at most
points. partly owing TO mild weather There fs
distinctly more con hdence shown about the future
demand for industrial products, though prices are
not better Domestic exports increased Il little
though exportable staples not better In price
In November the excess of merchandise exnorts
over imports was S27.573,S91, besides 80, 93l ,03l
November and December returns Indicate as large
an excess. For this very reason exports Of
So, 1892 OH in gold since last Friday and the with
drawal OF about three times as much gold from
the treasury are the more noticed.
Money continues TO accumulate and there is no
enlare ement In the legitimate demand for com
meTcial loans, though some offerings of paper
apparently to prepare for yearly settlements
have exciteu remark Prices in agricnItnroi
products do not improve Wheat is unchanged
for the week. although Western receipts have
fallen 10 2,304.926 bushels against 594 $40 for
against 744547 last yoar The visible supply still
grows and is now 8S,173,000 bushels.
Corn fell 4 cents for the week, though Western
receipts only 1.572,535 bushels, against
3,5S2204 last year, and Atlantic exports more
than third smaller.
Government estimates not seem to affect ae-
tual transactions. Cotton has declined sixteenth
to 5.69, and receipts from plantations Continual
larger for December than IN 1879 /, when the cron
was over 9 oO0 600 bales. The theory that pro-
ducers viii not make the current prices does not
fit the facts.
Larger orders for manufactured products have
appeared, and yet, except in boots and hoes, the
general tendency OF prices is downward. Steel
Bill sell at SIS at Pittsbure and Bessemer pig at
SO SO at valley mills, and in other products the
tone is on the whole weaker. except that struc.
tural beams hold the recent small advance. Yet
quite large transactions reported In pig iron
and billets improved demand for barred ma lis
while nothing is done in 'T'' rails and business In
sheets and Plates Is light. Competition between
the works which is not enough co keep them en-
ployed pushes prices In many lines below the or
binary oet OF production.
Copper is strengthened by customers demands
and the output In November. 2,644 tons do
nestle ana 1864 foreign was the smallest since
February. Lead has sold largely at 8 1 cents and
tin had been depressed 1ac by speculation In
shoes manufacturers are obtaining good many
orders at 21a95c advance over LAST years prices,
while large differences in the cost OF materials are
still claimed. but many lohbers hold of, as want
of entire agreement among producers raised doubt
whether the advance Will be maintained
The failures for the past week have been 349 in
the United States against 34i last year, and 36 in
Canada against 81 last year.
Bank Clearings.
NEW YORK. Dec. 2L-Thc following table.
compiled by Bradstreets. shows the total clear