Omaha daily bee., 1896-12-12
WATTS FOR THE NEW YEAR
Further Business Revival is Delayed by the
Approach of Holidays
WHEAT MARKET HAS WEAKENED
Less Gloomy News from Abroad and
Larger Western Receipts Have
Caused Break I'm Prices
Iron Industry DcmornliAed.

NEW YORK, Dec. n.-R. q. Dun s, Co. $
Weekly Review of Trade tomorrow Will
say: The approach of the holidays and
doubt about the action OF congress put of
further Improvement until the new year
While Industries have gained In working
force, they are waiting for commensurate
gain in demand and meanwhile are trying
to clear away cmbarrassments which re-
strict ulcm. The wheat market has weak
oned with less gloomy news from other
countries and larger western receipts,
though only 3,69l,3f4 bu., against 6OO3,iOi
bu. last year. Disappointment about the
break in prices may help to increase re-
ceipts Atlantic exports were but 2,i55,65l
bu,. flour Included and for the two
weeks have been but i,rS,llS bu.,
against 4l72,i4S bu. last year. Pacific
dispatches show that exports continue very heavy
and that about 100000 tons more are available
from California, The market has declined lLc
and the decrease In demand tor flour, with higher
rail rates has closed nearly all the superior
Duluth and many of the other northwestern
mills. >,
Cotton has declined 3-lGc. and. in spite Of all
stories that the crop has been nearly mar
keted. 1t continues to come forward steadily
Tne iron output FOR december was l2'zis tons
weekly. against l2l,U,I tons November l, ana
We're 3i,90l tons smaller than November J. but
these do not include stocks OF tic great steel
companies. The industry is for the time dcmor-
allied by uncertainty regarding the great COM
binatons. The formal Withdrawal OF the Bellaire
company broke the billet pool, but meeting Is
in session to reconstruct it, If possible The
beam makers also meet this week to revive, II
they can, their compact and the steel rail works
will meet shortly with the prospect tlat that
important concern Will go out, and II the others
are Kept together prices will have to be mate
rally reduced. The Bar association scarcely pre-
tends to control prices, which are shSltly lower
this week for steel, and the rupture Of the Nail
association for the time left the bar price for
wire nails about $l.J0 at Pittsburg, with extra
charges ordinary assUrtmentS averaging l2c,
against $3.50 paid last month, with extras aver
aging zoe Until the future influence Of these
combinations Is better defined, narrow trading
must be expected and Bessemer pig and gray
forge are slightly lower Minor metals are gen
orally weaker, tin at $3.50, copper at Sll25 for
lake and lead at $2.g5. Aluminium mas been re-
duced from soc to SIC for irgots ton lots. and'65c
to j3c for rods, production having increased
four fold.
Textile industries are working a larger force
than in October, but there is not much evidence
Of the larger demand, some kinds of goods are
acCumulatng. AS cotton is lower. some
yielding in prices of staples is expected, anu
buying Is on that account more restricted few
qualities Of goods having slightly declined. Print
cloths are weak I'm tone with enormous sales.
Wooen goods not in better demand, ana
there is general indisposition to make commit
ments ahead. Sales in two weeks, 2i.31S,y0D lbs,
against II 200 lbs last year and 1852 200 lbs.
i'm 1892 are this year largely between traders, as
buy and London sales are a shade weaker. QUO
tations not changed, though more frequent
concessions reported.
Failures for the week have been $50 In the
United States against 333 last year. ana forty
three in Canada against fifty y-four last year.