The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1899-12-16
DUN AND BRADSTREET'S
Weekly Review Of Business BY the Two
Commercial Agencies. n
PRODUCTION HAS NEVER BEEN GREATER
Healthy Condition shown IN Ali
Lincs--IioIiday Trade Is Envorn-
blc-Fnctortcs Are Sold Ahead.

New York. December 1a.-R G. Dun
tomorrow's issue.
Unusual depression In stocks this week has
displayed the great divergence between tho
trading and productive industries Of the coun.
irv aud its speculation Never has produe-
ton been greater. the number of hands
larger. tho wages distributed higher or the
purchasing power, based upon earnings,
greater than at this time aud never have
conditions OF trade or returns Of earnings aud
traffic given certainty of greater business
for transportcrs yet MS the earnings OF the
railway and Misunderstanding companies mount
upward stocks decline as Il II ware disastrous
for . road to double its earnings, and rninou
for mill 10 realize unprecedented profits
Inflated capitalization has, OF course, uone
much here and speculative eNeitement nus
counted profits in many cases long neioIs
they were earned Money markets here ana
abroad have been strained by Briush re-
verses In South Africa, and Wherever tnoy
we're oNcrfhaded have been nnsned 70 uuiN
aud disastrous Instead of gradual liqulda-
ton. The result is that while INDUSTRIES
and Transporting companies realms great
oroHts the speculative holders Of their sthcss
lreAlize severe losses,
Age repors the output of pig at 9Sgso' tons
weekly December |, against IS ~ Nosemhst
l. aud the decrease In stocbs not held rS
1.-THE great steel corporations at 400 tons.
At Plusburg une company bought 10000 tons
Bcssem,r for ga 90, when IS below reeen'
prices and Grey Forge Is quoted It snaoe
lower at sci 90. Bars are agar irresuldf'
81 for common at Pittsbury ana ~ tor re-
iired In tho East aud plates not exceeins
sixty inches Mt 30 by mills OUT of order,
while II is said that 2S5c is shaded at tunes
works still have orders lar ahead and y,
! other specialtes prices are unchanged ihe
collapse of London speculation dropped INC
quotation of tin to 24c Acre, WIN, recovery i
| to 25i.c aud copper is weak at lthc' hu'
lead Ia shade stronger.
! The boot and shoe works are hasteninf
! deliveries 10 meet the enormous consunint
4 demand and have shipped to Boston lse.4-l
eases in two weeks OF December. against
! 49, 6S last year and still less in any othti
/ year except 1897. when lsl,s2i cases We..
shipped. The same dealers who urge earl.
deliveries on past orders at lower prices ar
slow to place more at the higher prices nov
asked while most of the works having oraers
! for some time ahead are not ANXIOUS 10 IAN
more at present. The approach of the non
days makes all welcome season Oh quiet.
! Leather continues very strong, with scaht.
supply of sole, but great demand Tor nppor
The movement of wheat IS disappointing
but prices have declined only &c. with corr
a fraction higher. Atlantic exports OF whea
(lour included, have been In two weeks, q
! December only 5.32S,2 69 bushels. against H.
100 5i4 last year Tho shrinkage IN Westerl
receipts only Sa7h. 725 having come forwar
in two weeks against 17.iss,iil last year
remarkable though the movement then wa
normal Exports of hreadstuns in Novembe
decreased $500, 600, which with losses .
saOo. 900 III provisions and i3,ooo0oH IN cottol
lowered the value Of staple exports slo,sSnoo
in spite of an increase Of s20oo0Oo IN Of
hut enough shipments Of manufactured PFC
ducts made the excess OF exports over I'm
ports more than s49, 100000 for the month.
In spite OF an advance of 2.lc In prices
cotton exports In November decreased ~
02o, 92G in value, amounting to only no3,
bales, against l,4SS,l26 last year, Prices q
NOT change this week. even believers IN
short crop thinking IT as we'll 10 wait
view of the small demand. The goods MAJ
ket was strong. with some further advance
in prices,
scarcely diminished and have been 2Z'ot9,W
mounds in two weeks at the three che
! markets so far exceeding all consnm'p
demands that speculation must still accoul
, for most of the business, but there was le'
excitement and more buying ny small WORK
No change in quotations of goods appear
, though in some heavy weights for iali ~
vances of I01l5 per cent are reported
Failures for the week we're us IN On
United States against 26l last year ana
in Carada against 81 last year