Phoenix weekly herald., 1897-12-30

ditions to the list of products showing
 advances. The unsatisfactory out
 look for cotton goods is reflected in re ductions in bIeached goods to the low
 est point ever reached, while some cot ton yarns show weakness. Anthracite
 coal is weak. although production has 1 been curtailed and talk of further re striction is heard. With these eXcep- tions, the price situation is one of | quite exceptional steadiness.
 At the east trade in wholesale lines l is quiet but retail trade has been stim-
 ulated sufficiently to allow a fair order
 business in seasonable lines. The un- satisfactory position of the cotton l goods trade may result in q general l movement to reduce wages in New | England mills. Against this the em- ployes will propose q partial or general shut down to reduce some portion of the weight of OverprOductiOn now resting on the market. Manufactur
 CTS of wooden cloths are running on
 small margins and look to change to
 heavy made goods to improve the sit
 uatiOn- The trade situation west and
 northwest is one of unimpaired
 strength, although milder weather
 checks distribution of winter-wear goods. Notable among favorable feat ureS is the improved inquiry at higher prices for several kinds of steel. eSpec- tally billets and wire and nails Par ticular activity is noted at Chicago, St. Louis and PittSburg in these lines.
 while holiday trade remains active and collections are almost uniformly good.
 The approach of the holiday season has induced freer realization on cotton by planters and others at the south. in retail lines and among jobberS ill Seasona bIef goods
 The. southern business presents many encouraging features, notable among l these being the active demand and firm l or higher prices for Louisiana sugar ! and rice and leaf tobacco. Export 1 trade on the Pacific is very heavy, and | shipments of wheat, cotton and lum- ] Der are of large volume. Preparations l for large Alaskan outfitting demand | are being actively pushed, while sea sOnable trade holds it's own Business failures show rather smaller than us uaI ante-holiday total, aggregating 2S3. against -292 last week, ::5J9 in this week q year ago 70
 The New York stock market. has been enclined to react on realizing by operators. BulIiSh sen iment is still prevalent. but an ad- -ance in call money. due to payments )y the UniOu Pacific syndicate with he treasury, has checked buying for he moment. Bonds are less active, speculative bonds have reacted with he stock market. Exchange is weak 1T in sympathy with the hardening of money rates.
 Bank clearings totals are again very arge, aggregating $1.369, 100000 at ST ities of the United States, exceeding ast weeks large total by over 1 per ent. and the total for this week last ear by 26 per cent. Compared with his week in 1895 there isa gain shown 1 f 15... per cent.
 Wheat exports show heavy falling [ if from recently preceding weeks, az 1 regating as they do (hour as whea0 | ,6U 1899 bushels from both coasts of l | he United States and St. John, N B., gainst, 6.266,159 bushels last week, ,222, f14 bushels in this week year go. Corn exports are over 1,000,OOO | 1 ushels larger than last week, aggre- | lting 4.129.S7S bushefs against 2 | l4,150 bushels in this week q year 2 go. t