The Coalville times. [volume] (Coalville, Utah) 1894-1923, 1896-01-24
NO so
WEEKLY REVIEW.
The nusines. ofthe we.h a. Reported Wy
Dun's Review.

The nusines. ofthe we.k a. Reported Wy
Dun'. i,e,lrw.
The situa lon could hardly be- more
perplexins for business men, Practical
merchants, manufacturers. or bankers
can have little sympathy for those who
Minimize their difficulties. None doubt
that the government will raise money
10 meet obligations, but how far Tho
money market viii De Aisiribuied OF the
treasury reserve dfst diminished none
can saw. Ths business world cannot
know ~ go. how far foreign questions
may upset calculations, though there
seems every reason 10 expect peaceful
excitement % cannot know what may
hc the duties 90 any important class II
imports month hence, whether i'm
roris are likely 60 cxcecd exports and
draw away gold, uhothcr the deficit of
revenue viii rontInuc. ~ what other
taxation viii be- levied. Failure Of tho
senate thus iar Co take any action upon
financial measures proposed 10y he pres
iient az those passed bv the house af-
iecis uuiavonhly an branches Of husi-
ness. Under such adverse circumstances
Il r. aciuflly encouraging that shrinkago
in transactions and resulting CONNER
cial disasters have not been greater.
Hut four large failures wiihinH day or
two Indicate that the same condition
cannot coniinue without much emhar-
tas.meni.
The Morgan syndicate has dissolved.
the proposed loan being practically un-
derwriticn, but considerable gold has
already been dawn from TIE treasury
by intending purchasers, and ~ high 90
|iii premium has been paid, though AZ
the close only g to per CEN. %
some u seems incomprehensihle that
I - 100000 gold hn. lccneSporicd during
ihcweek aud 'a,2oo,Ooo gold imported
The sans week with apparent advantage
To both parties
Domestic trade, W. shown by clearing
house payments. IL So per cent larger
than last year, but 25.s per cent loss
than ~ 1898. and In nearly all trades
there i mych hesitation. Railroad
earnings Tor the week VI January we're
81 per cent larger than la January, 1850.
but 1870 per cent lcss that ia 1873, be-
cembcr showing gain Of 81 over 1850
and dccIcnr N - coaopafed VIA.
ffsf5. Stotts stetdIiY AdVanccd uutil
Friday, but the failures brought m,rc
cautious feeling. After rising on the
average, fi.'l per share, railroads closed
tl.So higher Tor the week.
speculation In products was. not very
active. aud wheat was practically un-
changed. though Atlantic exports for
two weeks, flour included. have been
Ass, 100 bushels against 4.258,i2i last
year. Western receipts siil make short
crop predictions ridiculous, amounting
Tor two weeks Of January 10 b,i2l $40
bushels against 1900, 1872 last year.
No branch Of manufacture has made
progress, Tor al are unayoidably waiting,
both Tor settlement Of financial doubts
AMI Tor demand Nhlrh docs not Not
appear. Cotton goods are not qnoiably
loser. but concessions 10 secuIo business
are reported In many instances. and
many Of the mills have been running
largely In anticipation OF orders not yet
received There IL ia little better inquiry
for staples, with indications that Dealers
stocks are running low. The openings
Of iine and fancy woolens has brought no
change Ia prices, and revlsions caused
by recent openings Of worsteds have
been generally toward lower prices.
There las been somewhat more demand,
but not enough okccp most Of the mills
running full. Sales Of wool In two weeks
have been 1891. 300 pounds domesiio
and 6,seJ,GO0 foreign, against 0,25p,0i5
domestic aud i,iiO POO foreign last year.