The record-union., 1895-12-28
REVIEW OF TRADE.
AS a Rule I'm Christmas Week Whole
sale Business is Dull.


sale Business is Dull.
NEW YORK, Dec. 27.-Bradstreet's
tomorrow, December 18th, will say:
AS is the rule in Christmas week,
wholesale trade has been quiet. The
holidays, the close of the year and
stock taking tend to make business
slow and promise only a light trade I'M
til late in January. Business failures
in the country for a completed year
number 1908, an increase of more
than per cent, notwithstanding this
is the second year following the panic,
i'll which, as shown by the records, 1t is
usual for the number of failures to de-
cline. The increase in the number of
failures are at the West Northwest and
in the Middle States, decreases being
shown in New England, at the South
and on the Pacific Coast
Exports of wheat (1our included)
from both coasts of the United States
this week amount to 3.457 600 bushels,
as compared with 2056,000 bushels last
week, 1,S14000 bushels in the CORE
spending week one year ago, and as
cCntrasted with 100000 bushels in
Christmas week 1891 This week S
foreign shipments of wheat flour in
cluded) are the largest since the third
week of January last.
NEW YORK, Dec. Pr G. Dun &
Co. will tomorrow say, in their weekly
review of trade:
Failures for the week have been 32l
in the United States, against $50 last
year, and 40 in Canada, against Al last
fa ba Il
ter and the year 1895, not yet finished
| cannot be definitely stated, but the ag-
gregate of deferred liabilities for the
year, while much smaller than in 1893
will vary but little from those of 1894
The years aggregate of Commercial liza
bilities will probably be about S170, 600,
OtU; in manufacturing over $4,000, 600
or 10 per cent. more than last year. but
in trading about $SS,000000, or 9 per
| cent. less than last year.
The foreign and financial messages OF
the President We're followed by violent
reaction in the stock market last Satur-
day, with grave fears of monetary
trouble. The sudden panic checked
business in many departments, and the
industries cannot be expected to show
signs of improvement until the new
year begins. Orders have for most part
been so much smaller than they were in
the summer, when production was ex-
banding and prices mounting rapidly
that new causes of uncertainty have
the more influence.
Bessemer pig has declined % cents
more at Pittsburg. The Bar Iron Asso-
citation has reduced its price, but not
yet to the rate at which steel as well as
| iron bars are actually sold, and in most
departments this industry suffers from
the speculative advance in prices and
production last summer It is noted that
Bessemer and open hearth steel were
offered at the same price in bids on
5000 tons which a Pittsburg mill will
produce for the appraisers stores here
Minor metals are shade lower
Anthracite coal is selling at SO 40 in
New York Harbor. In the great textile
manufactures the usual holiday dull
ness is increased by delay of orders,
| though there is some accumulation OF
! goods for the demand expected soon
| Standard brown sheetings and drills
are an eighth lower, and cotton goods
average third of l per cent. lower.
For wooden goods the market is ex-
tremely dull, soft wool dress goods and
ladies cloth are shade lower and the
average Of quotations is about 11s per
cent lower for the week
The shoe and leather business does
not improve, and both leather and man
| ufactured goods decline slightly, though
expectation is again hosting hides about
10 per cent. for all in two weeks and for
some kinds % per cent
Wheat and cotton were depressed by
last weeks panic, and have had little
| time to recover.
Wheat receipts continue enormous
for the week, 3,794,0 72 bushels against
1,112.90S bushels last year, and Allan
| tic exports, flour included, have been
7,526,960 bushels, in four weeks of De-
cember, against 1865 last year.
Russian and other supplies are moving
! freely. Official estimates are wholly
| forgotten, and the men who predicted
81 wheat have disappeared.
Cotton has remained at 81 cents
since last Saturday, and enormous COM
mercial and mill stocks here and
abroad, with a demand for goods much
smaller than in September, hinder an
advance. The quantity which has come
into sight is 80 per cent less than last
| year to date, but slightly larger than in
| 1892, when the crop was 6,700,000 bales.
Railroad earnings in December thus
| far are GA per cent. larger than last
year, but 5.S per cent. less than in 1892.