The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-12-07
BUSINESS STILL SLUGGISH.
Only Small Increase in Failures,
Despite tssc Dizziness.

New York, Dec./ 6-R. G.. Dun & Co.
will say tomorrow, in their weekly re-
view of trade: with all the shrinkage
in present business and prices, it is en-
couraging to find but small increase in
failures. The liabilities for the four weeks
of November were $12 O99, 293, against SO,
5S1, S73 last year. Manufacturing liabili~
ties were $3,56O6Sl, against $3,2l2,Si9 last
year, but trading liabilities are only
Sc, TBS. 9l2, against $7,2J7.S67 last year. The
failures in the United States for the week
have been S24, against 3S5 last year, and
fifty-two in Canada, against forty last
year.
Business is still sluggish, as if gorged
by excessive indulgence of the appetite
for buying when prices We're advancing.
In nearly every branch stocks not yet
distributed to consumers stand In the way
of new orders and competition of a pro-
ducing force largely exceeding the pres
ent demand puts down prices, each de-
cline retarding purchases yet more After
the holidays men look for a larger de-
mand. Financial influences have not hin
dered, and rarely has the opening of
session OF congress affected business SO
little.
Iron and its products are lower, an
thracite No. l at Sl3, plates 10 and bar at
LS cents and Bessemer at $l2 at valley
mills, with billets $3.50. The average of
all quotations is S12 per cent below the
highest point in September. bur actual
sales are frequently made below quota
tons The proposed combination of lake
ore producers has not yet been effected
and with the fan in the price Of iron is
less probable. There is more pressure
to sell southern pig here, and some large
transactions have been made by conces-
sionS, while the small demand has broken
the barbed wire combination and the
two nail and the two bar associations
are now in session to consider their pol
icy. Rails have not changed, while Bees
semer pig has declined So. and bilets S.
per ton, and a purchase of 1860 tons
for San Francisco from England is no
ticed, with a considerable importation OF
wire nails at Boston,
Bradstreet's tomorrow will say: Gen
eral trade continues the features of pre-
ceding weeks-Smaller volume quiet in
most lines, business being conducted con-
servatively, activity only among dealers
in woods, clothing, shoes and hardware
and new orders generally of a filling in
character.
1.-The season has evidently been a late
one, prolonged mild weather having de-
layed orders until the Christmas demand
and the belated autumn request came to-
gether. notwithstanding almost uniform
reports of quiet and unchanged conditions
it should be noted that Jacksonville Au-
gusta and Birmingham, at the south and
Milwaukee, Kansas City and st. Louis, at
the West. prove exceptions to the rule,
by reporting gains in the demand for
wholesale staple goods compared with
the preceding week.
Inc ldlllHB OIL OI % per cent. IN bank
clearings last week is more than Offset by
a total of S1,247, 100000 clearings this week.
43 per cent. more than last week, per
cent. more than In the first week of De-
cember, 1894 and II per cent. more than
in 1893.
THE course Of prices also shows
more favorable tendency, sugar In
dian corn and wheat showing advances,
and the prices Of wheat, flour pork rye
and tobacco being firm and unchanged:
while lower prices are furnished by oats,
leum, leather, hides and lumber coal.
southern pig iron, Bessemer pig iron. live
hogs ana i've Saliie. ne Foreign eX-
489c for demand bills, but S. 100000 gold
has been exported, $4,000 Of the amount
going to South America.
THE total business failures IN the Uni
ted States as reported 20 Rradstreets this
week number 3i5 against 2ss last week
S22 IN the FIRST week ~ December. 1894. $50
In 1893 and z65 in 1892