The star. (Reynoldsville, Pa.) 1892-1946, 1899-01-04
TRADE REVIEW.
The Year Of 1893 Has No Equal as Regards In
dustrial and Financial Results.

uuStial ana FINANCIAL Results.
X. q. Dun e. Co.'S weekly review of
trade reports as follows for last week:
The year 1898 has not only been one of
victory. of important increase in ter
ritory and of incalculable expansion
of the influence of the United states
among other nations, but has sur
passed all other years In financial and
Industrial results. The center of finan-
cial power has crossed the ocean. AZ
ter paying debts of several hundred
millions abroad and conducting n war
to an honorable end, the country Is
lending so many millions In Europe
that. for the first time, banks abroad
look to New York to dictate the rate
of exchange.
Exports have been about si25O.OOJ
and the excess over imports about
S6l7 100000, against S357.OOO 900 In 1897,
and In only two previous years has
the balance risen to 5000. 600 600. In no
past calendar year have net imports
of gold reached $4,000. 900, but this
year they have been about sii0. 900, 600
November passed all previous months
In value Of produce exports over Inn
ports. but December has gone much
hey yond November
Power in the worlds market comes
with Il demand for breadstuffs and
other neCeSsaries never before euualed.
Exports of cotton have been over So
I00.OO bales, about 1896, ,00O. 900 pounds,
and In no previous year as much as
100000 bales. or $500. .O0O. 900 pounds
Exports of breadstuffs have been. in
value, s2S3. .9lS, ,29i. I'm eleven months,
and have never been as large In any
other year. Exports of wheat for the
year. lacking "A day or two. have been
2lS,59i, $50 bushels. flour included
slightly exceeded only by 225,6c5,Sl2 In
1892, and of corn 2OO,979,Oi7 bushels;
only approached by lS9,l21510 In 1891
The heaviest exports of both grain
and flour in any prevlus year We're So
100000 bushels smaller. only 800, ,22O, ,5l3
In 1897. Though wheat was raised to
sl.9l I'm May. the highest quotation
with the highest monthly average for
80 years, 81 1923, so that the average
for the first half year was 81 ILL, cX-
ceoded slightly in 1891, but the highest
since 1883 the December average has
been only 72c. 25c below that of last
year. but the years average, 93c Is
the highest since 1881.
The triumph In finance has been
largely due to industrial progress.
The output Of pig iron has been about
ll,6i5,00O tons, the greatest yet reach
ed I'm any year by 2,O0O.00O tons, and
greater than Great Britain ever reach
ed by 2.SO0,O0 tons. Yet the consump-
larger i'm spite of net exports of pig.
!n ten months 1863. .OS9 tons for unsold
stocks were reduced I'm eleven months
3S0.0 coo tons.
Exports of iron manufacture In ten
months were about SS7,64i $50 I'm value,
against imports of $l3.i97.Sl1. Prices
shown for the year In the table of COM
PARSONS have been unusually steady,
varying not . per cent for pig from
hp a., IA nd fpV N
ished products not per cent.
Textile Industries have been retarded
by high prices of wool. and abnormal
ly low prices of cotton, both deterring
purchases. In three months cotton
reached j.3lc, the lowest price for 80
years. the greatest yield ever known
being followed by receipts since Sep
tember $50 900 bales larger than last
year. Exports have Increased but not
SO greatly.
In spite of enormous stocks held.
wool was SO lifted that buying both of
wool and of goods was checked early
in the year, but slow decline began In
February. Sales have been only 232,-
ALL pounds NJ the three chief mar
kets, so that the mills have probably
used less than a fun years supply and
the stock of goods was also excessive
a year ago.
Failures in the United States for the
week were 2j2. and I'm Canada 22, total
| "a, against 2S9 last week, 292 the pre-
cedinE week, and ilG the correspond
| ing week last year, of which 39j were
I'm the United States and u in Canada.
| of failures I'm the United states "a
| have liabilities exceeding $1,000, and
| i7S liabilities less than $1,000. For four
weeks of December total liabilities of
| firms falling were Sll ,G97G05, against
! $40 366 $50 last year.