The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-12-21
THATSPECIAL MESSAGE
1T Has BEEN AN IMPORTANT
FEATURE THE WEEKS
BUSINESS.
SECURITIES ARE MOST AFFECTED

General Trade Has Been But Slightly
Influenced and Values Have Been
f.ctea Much Less Than Might
Have Been Expecsed--The Cation
Movement ~ >outh Comparatively
Small. VI ,nev Scare and Collectors
Poor in tie Nest--W oOiens DUH
NEW YORK, Dec. 2o.-R G. Dun and
Company's Weekly Review of Trade,
which issues tomorrow, will say:
The strong Americanism OF the
Presidents message has given its char.
acter to the week. Popular teeing
was profoundly moved, but excepting
in stock and cotton markets, business
was remarkably dull and scarcely al
fected. Selling of securities hello a.
broad was Il natural first lmprlse
though the sellers are not unlikely IN
time to discover that no other securl-
ties arc safer from interna 1lonli - m
p!icatiors tian the Aincri IN. ~oni-
FRO ut q time when nearly all prfdn, .
ma.tcts are inactive md Indusiri' $
unusually dull, the disturbance has
affected values much less than might
have been expected.
Not because of any foreign question.
but solely because of influences which
have been in continuous operation for
months, prices of manufactured goods
continued to decline. There is no
great change in boots and shoes, and
in some branches the demand appears
a little better, though gradually low
er prices are offered, and lead jobbers
to look for prices still lower. Ship
ments from the East are an eighth
smaller than last week, but three per
cent larger for the month to date.
Leather still declines averaging per
cent lower for the week, though hides
at Chicago are scarce and about per
cent stronger. Prices of iron and
steel have fallen about per cent for
the week and are now 8 per cent below
their maximum.
There is no change of Importance in
the market for cotton goods, which is
not active enough to prevent some ac-
emulation. Print cloths are shade
weaker The market for wooden goods
has not improved, scarcely any except
clay mixtures and few fancy cassi-
meres selling at better than last years
prices, and cloths are not in haste to
contract largely, owing to the uncer
taintv as to foreign prices. New or
ders for the heavyweight goods are
more delayed than usual and remarka-
bly, small Sales of wool are mainly
confined to immediate needs of manu-
factnrers, who are buying but little
ahead, and for three weeks of Deem
Der have been 17.17a,2o0 pounds, of
which s.905, 100 were foreign, against
in ba mo weeks of 1902 of
which 4.104,500 were foreign. The inn
ports of wooden goods continue very
large, though smaller than month
ago.
II sounds strange to hear the many
complaints OF slow collections and
scarcity of money at the west OH ac-
count OF the tardy movement OF pro-
ducts from the farms, when western
wheat receipts in three weeks have
been IS.615.49S bushels against 9,436.-
324 last year, while Atlantic exports
of -four included are only 5,s12,-
331. against 6.453. 100 last year. Grain
is so low that free movement cannot
be expected, and the receipts are so
large that the crop remaining behind
must exceed ordinary estimates
The movement of cotton continues
comparatively small, but estimates Of
consumption here and abroad begin
to take the place in a measure Of esti-
mates of yield. as markets for goods
are generally dull There was shade
of advance in the price until foreign
questions disturbed the market, but II
closed with a quarter decline.
Failures for the week have been 81
in the United States, against so last
wear and - in Canada, against 30 last
year.
BRADSTREET'S WEEKLY REVIEW.
NEW YORK, Dec. 20. Bradstreets
will say:
The general business situation has
been affected by the precipitation OF
possible complications with Great Bri-
tain. First TO feel this are prices of
cotton and OF wheat, the influence Of
which ramify among business houses
in many different lines. The serious
nature Of the Presidents statement Of
the case had the effect here and IN
London of causing free selling OF secu-
rites even in spite of the fact that
expectation of war is slight. The most
nnfayorable feature is, and is likely to
be continued negotiations and Tn" IN
certainty which must exist until the
Z Ia f.rk al iaI