The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1899-12-16

although nothing like the rush to book
production Witnessed q year ago have
been seen a large part of next years
output is expected to be placed by the
close of the year. What little weak
ness there is perceptible is in a few
lines of finished products. Hardware
is in quite active demand at NUNS
Der Of markets on holiday specialties.
In other metals there is considerable
irregularity. Tin is again dull and cop
per is being shaded, while lead is
higher.
The open season, usually not regard
ed as favorable in the anthracite coal
trade, is this year welcomed because it
allows of unimpeded shipments later
than usual. High water in the Ohio
has released a large quantity Of btu
minous coal. and the outlook is for re-
plenished Western stocks. At the East,
however, bituminous coal is still in
scant supply.
Wheat uncluding fouf) shipments for
the week aggregate $3.50, $40 bushels,
against 5, 133,331 last week, 6,243. $50
In the corresponding week last year,
4.464. 800 in 1897. 3,529,S26 in 1896 and
2,O56.043 in 1885. Since July list this
season the exports Of wheat aggregate
81, 559926 bushels, against 100, tn, 1913
last year and lis, 500, 1877 in 1883. .
Failures for the week In Canada num-
Der q, against 81 last week, 81 in this
week a year ago, Az in 1897, 80 in 1896
and AZ in 1895.
NEW YORK, Dec. 15.-R. G. Dun &
Co.'S Weekly Review of Trade" will
say tomorrow:
I Unusual depression in stocks this
! week has displayed the great diverg-
ence between the trading and the pro-
ductive industries of the country and
its speculation. Never has production
been greater, the number of hands en-
ployed larger, the wages distributed
higher, nor the purchasing power based
on earnings greater than at this time,
and never have conditions of trade or
returns of earning and traffic given
more certainty of greater business for
transporterS. Yet, as the earnings of
the railways and manufacturing COM
panies mount upward their stocks de-
cline as If it were disastrous for a
road to double it's earning and ruinous
for a mill to realize unprecedented
prospects. Inflated capitalization has,
Of course, done much harm, and specu-
lative excitement has counted profits
in many cases long before they were
earned.
The movement of wheat is disap-
pointing, but prices have declined only
ssc, with corn a fraction higher. At
lantic exports of wheat, flour included,
have in two weeks of December only
been 5,32S, 6O4 bushels, against II. 129,-
459 last year, and Pacific exports l.
5O1, 1897 bushels against ,29S, 514 last
year. Shrinkage in Western receipts,
only S,959,526 bushels having come for
ward in two weeks, against II, 74S,4 All
last year. is remarkable, though the
movement then was abnormal
Exports of breadstuffs in November
decreased $3,500,O0O, which, with losses
of $500 coo in provisions and $4,000
900 in cotton, lowered the value of
staple exports $15, 3t37 ,567, in spite of
an increase of S2,0OO,OOO in OIL But
enormous shipments of products made
the excess of exports over imports more
! than $40 100000 for the menth
Wool did not advance further, though
sales scarcely diminish, and have been
22,O75,O Goo pounds in two weeks at the
three chief markets. so far exceeding
all consuming demands that speculation
must still account for most of the bust
ness, but there was less excitement and
more buying by small works No
change in quotations of goods appears,
though in some heavy weights for fall
advances of 10 to 10 per cent. are re-
ported. sss- n