Sullivan republican. [volume] (Laporte, Pa.) 1883-1896, 1895-12-13
BUSINESS Of the Week.

.ssN - VI tuG w GCms
Business is still sluggish as if gorg.
Cd by excessive indulgence of the
appetite for buying when prices
were advancing. In nearly every
branch stocks not yet distributed TO
consumers stand in the way of new
orders, and competition of pro-
ducing force largely exceeding the
present demand puts down prices,
that decline retarding purchases yet
more. After the holidays men look
for larger demand, whether large
enough to support all the producing
force awakened TO activity by the
abnormal rush Of buyers last summer
remains to be seen. For the present
the cprings Of new business are runs
ming low, but enough is doing on
old orders to keep most Of the works
employed in part and good proper
tion fully. Financial influences
have not hindered, and rarely has
the opening Of session of Congress
affected business so little.
Reaction in prices is not stimulat>
ing, even when ID means return to
health after an unwholesome advance
but it has been the most prominent
feature in business for some weeks.
sOf the leading products, hides were
almost the first and the most active
in rising, but have now reduced 40
per cent. Wheat rose about q cts.
with false reports, but declined
about Is cents. Cotton rose nearly
SO per. cent, but has receded about
Is per cent, and leather rose as much
but has declined thus far l3 per
cent. Iron rose nearly 60 per cent,
but has declined from the highest
point about 10 per cent. Wooden
goods rose scarcely any, and cotton
goods much less than cotton, and
boots and shoes much less than
leather, and these have declined
comparatively little. Each branch
has special conditions, but where the
rise was large and due to fictitious
or temporary influences, much re-
action is natural. Retail prices, as
usual, yield more slowly, and not in
proportion to the Wholesale cost o!
commodities.
Wheat has advanced about cent
for the week, though Western res
ce,pts have been 7,0l4,9ll bushels
against 3,727,7sS last year, and
Atlantic exports, -four included,
again exceed last years, 2,326,093
against .SS7.737 bushels. The best
Western estimates of the crop have
besn raised again. Corn moves from
farms less freely than a year ago,
the low price hinderng, but exports
were l,293,774 bushels, against u.s.
sls last year. Cotton has been
weak again, declining quarter for
the week and the January option u
points. The quantity which has
cons into sight, 35 per cent. less
than last year to date, does not yet
indicate a yield 80 or 81 per cent.
less than last year to date, does not
yet indicate = yield 80 or 81 per
cent. smaller, rs many predict,
though the recent movement is very
slow. Northern spinners have taken
about third less than last year.
European manufacture feels shrink-
age in exports to India and the East
and the less favorable prospect for
goods. In this country the manu-
fActare meets with much reduced
demand, and prices are gradually
sinking, in the average for all grades
about y per cent. from the highest
point in October. Wool has been
slightly strengthened by the London
sales, but the average OF quotations
BY Coates Brothers is only tenth
Of l per cent. higher. Sales continue
large, e,463,lOO lbs for the week,
Of which 60 per cent. was foreign.
Manufacturers have much machinery
idle at present, and orders thus far
are net encouraging. Dress goods
are in less demand, and Atlantic
all-wool Jcashmers we're reduced 10
>sr cent.
,re is rarely railroad collision
,avs vithout tho killinp of a