The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-11-30
COMMERCIAL CONDITIONS
Prevailing Throughout the Coun-
try at Large
THE THANKSGIVING DULNESS
Is Not Duller Than Might Have Been
Expected
The Near Approach Of the Congressional SEES
sion, and Financial Discussion Tends
to Restrict Activity

NEW YORK, Nov. 90. Bradstreets to-
morrow will say: The volume of general
trade shows falling oft compared with
the preceding we elk, largely owing to the
Intervention of Thanksgiving holidays
but in part to the continued effect OF
mild weather east and south, storms in
the central west and the usual disinclina-
ton of buyers to add stocks during the
closing months of the year. Western
jobbers report activity in clothing, wool
en- goods, rubbers, shoes and holiday
speclalties, with some increased demand
for coal and light hardware.
On the Pacific coast small volume of
business Is reported from San Francisco,
with shipments east of wheat, which
enlightened the local grain market.
Considerable merchandise continues to
20 to ALASKA from Seattle, and at Port.
and complaints are made that the pas
senger rate war between that city and San
Francisco threatens to hurt the local
trade.
Exports of wheat -four included as
wheat, both coasts of the Unite States
and from Montreal, amount to 400, 900
week; 1857, 900 in the week year ago;
9, 100000 two wears ago, and 4, 600 in
thu week three years ago.
There were 2SS business failures re-
ported throughout the United States, a
noticeable falling off from the total one
week before, 323. and even when COM
pared with the total one year ago, 306.
The last week OF Novem Der, 1894, there
we're 29S failures, and in tho correspond
ing week OF 1892 the total was 26S.
The review of the stock market say $
that three causes contribute to uetter
ut
tial recovery in stock prices. They were,
giving them according to the influence
they exerted, the increased short interest,
the decline in exchange and compare
lively small gold exports and the recov-
cry in the foreign market. The two lat
ter circum stances seem to have affected
the Imagination of the traders who had
been selling stocks for short account dur
ing the preceding fortnight, and in so
narrow speculation, interrupted as it
tendency from Monday TO Wednesday
seemed to be strongly toward covering
such contracts. The same feeling seemed
to prevail on Friday. though the market
was very inactive and for that reason in
clined to sag Of its own weight without
bsaring assistance. On the whole the
railroad share list has been very firm and
at times strong, the operation OF the bears
extending finally to the lndustrials. At
the same time the market was a very
narrow, professional affair.
The proximity of the session Of con-
gress and the fact the currency and
finances will be necessarily the chief sub
jects before it, creates uncertainty and
tends to restrict speculative activity.
There is further disposition to await
the presidents annual message and to
note its effect on congress. The reduc-
ton of the treasury golu reserve to we'll
nigh $50, O00, 900 has been partially set off
by the decline in exchange rates, and the
fact that the gold exports for the week
have amounted to only 81, 900, 900 in place
of sum equal to the shipments of last
week. as was at first expected. The re-.
suit appears to be due in part to the i'm
p.ovemsnt in both the political and
financial situations abroad, which checks
the tendency there to call in debt bal
ances from this side of the ocean. Among
the incidents of the week was the appear
ance Of some activity in mining shares, a
number of long dormant stocks of that
4 kind being again the objects of certain
amOunt OF trading. Railroad earnings
have generally been favorable, and apart
from the beliaf that business conditions,
as affecting some of the industrials COM
panies, are not what could be desired,
the news of the week has been. on the
whole, fairly good.