The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1896-12-19
Demand For Goods Falls Be-
low Increased Production.
FAILURES FALL OFF a BIT
The Downward Tendency OF
Prices is Continued.
WHOLE SALE TRADE SMALLER
Exnor,. of Wheat This Week Amount
to 100000 Bushels as Compar-
ed with 4,2oo. 900 Bushels
Last Week.

New York, Dec. 1S.-R. G, Dun IL
Co.'S Weekly Review Of Trade to-mor-
row will say:
Cuban reports, unusual closeness OF
money in Germany and the decision that
there will be no action on the tariff at
this session, have not really changed the
situation, but have been talked about
as if they might change it. The holiday
trade is generally large, though at some
points more confined to cheap goods than
usual and the influence of an increase
In the working force is felt in other ways.
Exports Of cotton are naturally stimu-
lated by lower prices and with forced
liquidation of important speculative oper-
atoms in cotton has declined to III, re-
covering to 7.19 July 10, the price was
TOT, short crop stories raised 1t TO S.S1
September 10th and it has now gone
about to the starting point. Receipts from
plantations continue heavy, while COM
mercial stocks here and abroad are only
about as large as a year ago, when the
movement had been /, 100000 bales less.
The demand for goods in this country
falls below the increased production and
the market is weak in tone with prices
of some jobbers bleached goods sharply
reduced Speculation in wool has halted,
sales for the week being 3, 121 200 pounds,
against 5, 1S0. 900 last year, and 1881, 400
in 1892, and concessions are more fire.
quent, Ohio Xxx selling at 10 against
20 cents recently. The demand for goods
seem to have been postponed until after
the holidays.
81 80 no {oSr Trns
Massaba mine has been leased for so
years or purchased by the Carnegie in
terest from j. ID. Rockefeller, the ore to
be shipped by his new steamship line on
the lakes and by the new railway which
the Carnegie company is building to Lake
Erie. This, with the erection OF sixteen
new open hearth furnaces, making thirty
six, insures enormous increase OF product
at extreme low cost and will affect all
combinations in steel products or in ore.
Failures for the week have been 367
in the United States. against BIT last
year, and At in Canada, against 81 last
year."
BRADSTREET'S REVIEW.
New York, Dec. 1S.-Bradstreet's to-
morrow will say:
Wholesale trade continues of smaller
NOluuIS lustn eApetlGur pEdEliCtIlt Tie
only activity in the wholesale lines being
in groceries, candies, fruits and nuts.
1.-THE downward tendency of prices
pointed out fortnight ago is continued.
This includes quotations for hides, which
caused boot and shoe jobbers to restrict
purchases, anticipating cuts in prices for
shoes; steel rails, steel billets and bes-
semer pig iron, cotton, too, is lower on
confidence OF a larger crop than was ex-
pected; print cloths, as product of that
staple and because Of the larger stock
of the same.
Exports Of wheat flour included as
wheat from both coasts of the United
States this week amount to 1924, 1916
bushels, as compared with 4,222,0 900
bushels last week, 2,056, 900 busels in the
corresponding week one year ago, 3,554,-
600 bushels in the week two years ago.
100000 bushels three years ago and as
contrasted with 4,247, 900 bushels in the
like week of 1892. Exports of Indian
corn from both coasts continues heavy,
aggregating 2,S14, $50 bushels, as COM
pared with 3,541. 900 bushels last week,
2,O57 900 bushels in the week year ago,
and an average Of about 100000 bushels
each In corresponding weeks in three
preceding years"