The times. [volume] (Richmond, Va.) 1890-1903, 1895-12-07
DECREASE IN FAILURES.
THE OPENING or CONGRESS HAD
LITTLE EFFECT on BUSINESS.
Iron Products Lower-A Projected Combi-
nation Falls Through-lncrea
In Bank ClearinGs.

NEW YORK, Dec. G-R. q. Dun
ca. win say tomorrow in their Weekly
review OF Trade: .s.,,,
With all the shrinkages IN presen,
business and prices, II rs ehcOui "e.iie -
ind but small amount OF ldHuitS.
llabilIti.s for Jour weeks of November
Were 81, l2e s.,s, against slV,JSl,oi5 idst 90
NJ; rLlacturng liabilities were sS,y.', ...
against S3.Hz.s4s last year, Dut uout"e
liabilities Oniy $lo. lze.Il. against si'-'''
ao last year faniures ia the ihittu
States for the week nave been "a agailS.
90 last year, anu ~ IN Canada' asa'-'S'
~ last year. &c,
By excessive Indulgence OF the appe.lte
Tor buying when pllces were adNdncihs,
In nearly every branch stocks not sc.
delivered to consumers stand ~ the "'s
OF new orders. and compr,i.1,vP,,,. u ,ha
producing force largely exceeding sIis
PIE cBt demand puts Gown prices, ena'
decline retafGIng purchases YET i.ol''
After tho hondays men look for
larger demand. $780,,
Financial influences have not hindered
and rarely has the opening OF sessio"
OF Congress affected business so little
iron and It's products are lower, an
thracitc No. ]. at $i5i plats Al 10, AM
bar at l.3 cents. and bessemtrs >l-' d.
Valley Minis with billeis, 800. ,...
The average OF ell quotations IS apoul
II per cent. below the highest point III
September but actual sales are frequent
IS made below quotations.
producers has not yet been effected, ana
with the fall in the price OF IRON Is less
There is more pressure TO sell southern
pig here. and some large transactions
have been made by concessions, Willle
the small demand has broken the barped-
wire combination. and the two nan ana
the two bar associations are no" III se7-
sion 10 consider the policy.
Rails have not changed while besse-
mer pig has declined s.. and bilets 81
per ton. and q purchase OF loWp tons lot
San Francisco from England - noticed
with a considerable importation OF "lle-
nails at Boston.
~ BRADsTREET's.
NEW YORK. Dec -Bradstreets' to-
morrow Will say.
General trade continues the features OF
prect ding wecks-smallcr volume, quiet
in most lines business being conducted
conservative. activity only by American
dealers i'm woollens. clothing. shoes. ana
hardware. ana new orders generally OF a
nlling-in character.
The season has evidently been 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, N
should be noted that Jacksonville, Au-
gusta. and Birmingham, al the south,
and Milwaukee. Kansas city. and st.
a
the rule by reporting gains In demand
for wholesale staple goods compared win
the preceding week.
The falling off OF p per cent. in bank
clearings last week Is more than onset by
a total of 81 pa. OOO. 600 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
1893.
The course Of prices also shows more
favorable tendency, sugar. Indian corn,
and wheat showing advances; prices OF
white, flour, pork rice and tobacco be
ing firm and unchanged, while lower
prices are furnished by oats. lard. coffee,
cotton print cloths petroleum, leather
hides. and lumber coal. southern pig-iron'
/ Bessemer pig-iron. live hogs, and live cat
! tie.
The foreign exchange market has been
| firm at 4Sq for demand bills but s.. lO,wt
| gold has been exported, 100000 OF the
| amount going 20 South America.
Total business failures in the United
States. as reported 10 Bradstreets THIS
week. number 3l5. against 2SS last week,
! 322 i'm the first week of December, 1871 %
! i'm 1898. and a65 in 1872.