The record-union., 1895-12-07
REVIEW OF TRADE.
With All Shrinkage in Prices, But
Small Increase in Failures.

With All Shrinkage in Prices, But a
Small Increase in Failures.
NEW YORK, Dec. 6.-R. G. Dunn &
Co. will say tomorrow in their weekly
review of trade:
With all the shrinkage in present
business and prices, il is encouraging to
find but a small increase in failures.
Liabilities for four weeks of November
were S12,099 293, against S10,5S1, ,S13
last year. Manufacturing liabilities
were So, ,560.6S1, against Sc, ,242,S ,S49 last
year, but trading liabilities only So
1912, against S7207 1861 last year.
Failures in the United States for the
week have been 324, against 3S5 last
year, and % in Canada, against 40
last year.
Business is still sluggish as if gorged
by excessive indulgence of the appe-
tite of buying when prices were advanc-
ing. In nearly every branch stocks not
yet distributed to consumers stand in
the way of orders, and competition of
producing force largely exceeding the
present demand puts down prices, that
decline retarding purchases yet more.
After the holidays business men look
for a large demand. Financial inf1u
ences have not hindered and rarely has
the opening of a session of Congress
affected business so little.
Wheat has advanced about a cent for
the week, though Western receipts
have been 7,014,911 bushels, against
3.727,7 7SS last year, and Atlantic ex
ports (four included) again exceeded
last year 2326, 093 against 1,SS1, 737
bushels The best Western estimates of
the crop have been ised again. Corn
moves from farms less freely than a
year ago, the low price hindering.
Cotton has been weak again, declining
l. 4
ary option 81 points. The quantity
which has come into sight, 30 per cent
less than last year to date, does not yet
indicate a yield of 80 or 81 per cent
smaller, as many predict though the re-
cent movement is very slow
Wool has been slightly strengthened
by the London sales. Sales continue
large. Manufacturers have much ma
chinery idle at present, and orders
thus far are not encouraging.
Iron and its products are lower, an
thracite No. ! at 13 cents, plates at 1.3
and bar at 1.3 cents. and Bessemer pig
at SD at Valley Mills, with billets
| SIG 90 The average of the quotations
are per cent. below the highest point
| in September. but actual sales are fire.
uuently made below quotations. Rails
have not changed, while Bessemer pig
has declined 50 and billets So per ton,
| and a purchase of 10000 tons for San
! Francisco from England is noticed, with
a considerable Importation of wire nails
at Boston.
Copper is weaker at IA cents for
| lake with narrow demand, and tin a
quarter weaker, with the visible sup
ply here and abroad 29,321 tons, against
-, 343 a year ago.
Anthracite coal is weaker, and sold
at So 0S here, against 81 10 according
to circular.
Boot and shoe shipments for the week
are larger than last year, and manu-
facturers are getting increased orders.
with general reduction in prices, but
| leather has declined. Hides are about
half a cent lower
The stock market has been weak
partly because of sales by London and
partly because of disappointing returns
of earnings. November reports showed
gain over last year of 9S per cent in
] the first week, S.5 in the second, SO in
/ the third and 10 in the fourth week,
and for the month 60 over last year,
but "a per cent. less than in 1892.
NEW YORK, Dec. 6.-Bradstreet's s
/ tomorrow will say: Exports of wheat
! (1our included as wheat from both
coasts of the United States this week
(none from MontreaD, amount to 3,156.-
000 bushels, as compared with ,, 2,460,-