The sun. [volume] (New York [N.Y.]) 1833-1916, 1898-01-08

chandise IL several times greater than tho
decreafe In exports of domestic products.
Bank ciearances for the week have been nearly
34ih y cent greater than last year, and more
than 4 y cent. larger than in the corresponding
week Of 1892. Railway trafio returns. in spite
OF admissions Of rete-cutting on competitive
business. were for December about 1Oia y cent.
larger than in 1890. and more than 4 y
cent. larger than in 1892. Gross returns for the
present week. which viii come to hand within .
few days. will doubtless fulfil the promise con-
tanned In those for the last week In December.
Failures for the week are smaller than q year
ago. and one Of the , trade reports brings
out the fact that not only 10 the number OF
banking failures in the year 1897 smaller rthan
In the previous year, but tho liabilities arc
also materially smaller. The boot and shoe and
the woollen industries appear TO DO enjoying un-
usual prosperity; that is, the volume of bust.
ness 10 large at advancing prices. Collections
generally are said TO be satisfactory. and no
difficulty 10 experienced by sound mercantile
and manufacturing concerns in securing all the
accommodations they require at reasonable
rates.
The market for securities. after three months
or 90 Of comparative dulness and reaction. 10 be-
ginning TO reflect the conditions summarized
above. The dealings in bonds to-day wero over
94,500.o00 par value. being tho largest in
many years. The number of issues dealt
in was only i've less than tho highest
ever recorded on the Stock Exchange. The Inn
provement in prices was general, II not uniform.
The trading in stocks foreshadows total trans
actions Of 500. 900 shares in tho near future.
The market for stocks was strong throughout.
There was some taking of profits soon
after . rather buoyant opening. and again
at the close. The fluctuations thus brought
about wero natural and served to temper the
enthusiasm Of tho purely speculative element.
They also Induced some selling for short
account. These temporary declines were
not severe enough, however. to impair
tho frmness of the market. Tho deal
ings in stocks included 1872 issues.
and moro than O dozen issues were dealt in to
the extent of 10000 shares or moro. In an I'M
usually large number the dealings exceeded
5000 shares. OF tho stocks that have
not heretofore been particularly active.
the New York Central, Union Pacific.
Western Union, and General Electric
were most conspicuous. The last named
and Manhattan Railway enjoyed sharp ad-
vances on the circulation Of q story. which lacks
confirmation. that the managers of the elevated
system have decided to introduce electric power
in operating tho roads and have awarded
the principal contract incidental to tho
change to the General Electric Company.
The movement in Union Pacific securities in
cluded purchase money certificates, which were
.xten.,ye,v deaIt In NJ odyoncino rrics, Nh.
Irnion p.o,eo r.,roo,ivation b.s now nro.
ar.oeod 10 , Mint ,yh.r. O.. oor,n,.t,,n q.
i.ro.,v . mott.r a, d.tou w.r.I !. rnt Tow th.
hos ,o,th ~ tho covo-nror. ~. r.oraani...
40, =, ~. u.n.,. pooie. IT,, n,,,ht :. -. =,
equally favorable position.
uo.t a.o,.,,..S ~ ~ VI C.st.., -.
.,.o oon.n,,r,r,i =, IIu,o,. co,tr., IL. s,...
.T,.s;..n C..,,,i "a a. -. ....-.s'
d..It O. i.,. .Ytona,1o,r nh. naransnt 4, ~
v.na..h,. .to.i,. ..,.r.rr o.oai,.a >. Az
-. ~. III ~. .Ssa,as ~. ~. sos,s..S
sn...ei.n. o.. : ,ndasw tn nsahnLni.s
thot Ar IninoJ, c.ntraI Conn.nv lii .how M
$1,000 ~ go ..rn,nss Co. n.o.uh.. -
.hont Ssoo 600 a.. oon,nsr.a 18th 49, sau,a
mouth " ths nrav;o,s v.ar tat.n IN oonnoo,Ion
TT sos-s.ns..s ~. os.Lo"aU
nanrdn,,no ~. .nt,mn nonths a. It, o,,h
ILL.,, c.. - $1,000. .sn..Ssao
- ...s.t sr-I.- a. s.S.... 49,
yvI.h;n A. ,.st ~. Iii~aH, ss.S.,
srst.r ho. Mar .Ytond.a hv th. ..on,.it,an =,
800. 49, .L.nr.,n ~ 49,,
n.os vh;ch tho.. linz. az. NOW doinn oont,;h
80 ,aroa,~ ~ tha ,an.nn.n. a. .ona.au
M -, s,u,ssSs 49,. 49,
cant. will be declared on Jan. 10 and the stock
will be Quoted OK that dividend carly in Feb
| ruary. or tho low.prIced stocks BrookIyn
R.nio Tran,,t vas arst IN -.snect n aotivitx
80 -. marS.t 20, ., onn.arsa ~ 90 ~,
- n.ai,.. 80" hsn.n.sos tho -. nsssan"
p.on.. iooen' aurHhoe'
oInef hote"oftny 1Iansao'ions "ero IN oie'e,
lana' Lorain ana Wheenng, chesapeake and
(lhln- PAHtnG MAIL. S0nfhATn RAtlVAv nrAfaFrRd