The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-12-14
As Seen by Expert Observers
of Trade
THE WEEK HAS BEEN QUIET
There Has Been No Serious Financial
Disturbance
A General Feeling of Confidence That Great
Activity Is to Follow the Holt
day Dizziness

Associated Press Special Wire.
New YORK, Dec. I3.--R. G. Dun K Co.'S
weekly review Of trade, which issues to-
morrow. will say:
1t has been a very quiet week, without
any disturbance. Prices of manufactured
products slowly recede from the hlgn wa,
ter mark of speculation and no material
increase in demand Is now expected until
after the holidays, but there is general con-
fidence that great activity will then appear
and tina, works which have stopped little
earlier than usual will again be called into
operation.
Wheat continues to come forward SO rap
idly that past estimates of the yield,
whether official or unofficial, are discred-
tied. Western receipts were 6,OO3,4O4
bushels for the week, against 3,4O3,6ll
bushels last year, while Atlantic exports,
-four included, were but 1,S46,355 bushels
against 2,357,2lS last year. 'Wl
At current prices it seems improbable
thai marketing has been out of proportion
to yield and prices for the week show Little
change.
Iron furnaces in blast December !
turned out 2l6,795 tons weekly, against
217.3UG on November !, with an increase
of 5000 tons in ocks unsold. But actual
consumption ia much smaller than = a
output, and prices again declined IN. !
anthracite to $3.50; Bessem" !. nj, at
Hittsburg to $3.50, and grey corSa trn III
finished products are WEI and sa,I hoiou,
quotations., though quo. al nrcas averag.
about half OF ! pc. cent lower for the
week Heavy, o..aers by the Rockefeller
h ,,;l, lor -ates and other material to
oiu -SfOr transportation of Mesaba
pre- neN' gear have strengthened the mar
40. 80 ~newnat, but the demand at tho east
es<ty light, and most of the works have
<oortened force considerably. while at
kittsburg structural iron plates, sheets
and PIPE are light in demand, and some
par mills in the vicinity have shut down
pected for ore and coke, and it is believed
This VIII cause an upward turn in iron.
Copper is much demoraized, with large
sales of lake ut SlO.5O. Lead is lower az
$3.27%.
Wool has not advanced with London
SAFES, as was expected, and $685. 900
pounds have been sold, 2,3O3,7 200 foreign,
against h,41 1000 in the same week of
1S92: OF which 1,4l3,5O0 were foreign.
falIu .es for the week have been 33S in
tne United States against $40 last year,
ana D IN canada against 40 last year.
Bradstrect's Review
NEW YORK, Dec. 3.-Bradstreet's finan-
cial review says: While narrow and pro-
fessional, speculation in the stock market
has not been without features of decided
interest. Dizziness has, Indeed. prevailed
for the greater part of the week, but it was
broken by incidents of sufficient import
ance to produce temporary activity in
certain portions of the stock list, particu-
larly the industrial group and the coal
stocks. The railroad shares have on the
whole been weak and showed decided
tendency to sag lower. Approximations
that congress may pass no measures to
remedy the existing currency and financial
troubles, and expecting that the situation
will drag along for a considerable tims,
were partially offset by the belief that the
treasury will issue bonds to replenish the
gold reserve. if necessary. irrespective of
what congress may do or leave undone.
The fact that foreign exchange was weak
or and exports for the week
not without a reassuring influence.
Europe took no part in the trading here,
and the foreign markets are all flat and
more or less depressed. A result in dis
count rates at Paris, Berlin and other CEN
tiers, coupled with the fact that the desti-
nation of the specie exported this week
is for Germany, creates an idea that
Russia or some other power Is attempting
to draw gold from this country rather than
take it from London, leaving it unc ertain
whether the specie outflow will not con-
tinue mkt week.
Bradstreet's review of trade will say:
With the exception of mild weather in
cities in Missouri, Kansas, Nebraska and
Minneapolis, cold weather has stimulated
sales of seasonable merchandise mt nearly
all points, but only bv contrast with pre-
ceding weaks.
Wholesale trade is dull, merchants pre-
ferring to reduce stocks at the end of the
year O make ready for annual Inventories
In retail lines, particularly:in holiday spec
ialties, there has been a marked increase
in demand, though THUS far in some in
Stances not equal to expectations. Irregu-
isrity is shown in nperssntile collections,
general trade throughout the country be-
ing relatively more satisfactory in the