The Greenville journal. [volume] (Greenville, Ohio) 1850-1918, 1911-01-05
NEW YEAR OUTLOOK
General Situation Bears Marks of I'm
proVement and Shows Elements
of Strength.

new 1Ofk.--lt. G. Dun a. 60. 3
weekly review of trade said:
After a satisfactory retail holiday
trade business in nearly all branches
is quiet, with the usual end of the year
adjustments, The outlook, while not
as promising for immediate activity as
might be desired, contains, none the
less, many elements of strength.
The iron and steel trade is still con-
fronted with a consumption of only
half of the producing capacity, and the
dry goods business with the problem
of costs, but there is an absence Of
demoralizing speculation and of over
stocked shelves in all mercantile lines,
while the agricultural prosperity Of
the past year and the general feeling
Of conservative confidence makes con-
ditions better than the trade statistics
indicate.
Heavy Dividends Expected.
The financial situation as a whole Is
improved, and the prospect of the
heavy dividends and disbursements
due January ! imparts greater brisk.
ness to the strictly investment mar
ket.
Iron and Steel.
Existing conditions in iron and
steel contrast sharply with the bright
prospects in evidence at this time a
year ago, when most producers had
sufficient orders on hand to insure full
operations for several months ahead.
Al present, however, mills and fur
naces are working at only about so
per cent of capacity, and in certain
branches of the industry dullness is
pronounced. This applies particularly
to the pig iron division, where restric'
tion of output has not prevented ac'
cumulation of stocks, so that fresh
concessions have been made in order
to stimulate demand.
Dry Goods Quiet.
It was a seasonably quiet week in
the primary dry goods markets, with
values we'll sustained, but still gener'
ally close to or below the cost of pro-
duction. In cotton goods curtailment
Of production is generally believed to
be inevitable after the turn Of the
year, when present contracts expire.
Yarns rule steady, but quiet.
Leather Dull.
Trade in leather is dull, and few
sales have been effected outside Of
odds and ends that are being sold al
low prices, although some sales OF
upper leather at very low rates are
reported. There is no change TO re
port in footwear conditions, the mar.
ket being quiet and featureless as
heretofore.
New York. Bradstreets weekly let
tel said:
Business failures in the United
States for the week ending December
3Y were 246. against 271 last week
257 in the like week of 1909, 299 ir
1908. 1S5 in 1907 and 22O in 1906.
Business failures in Canada for the
week number 35, which compares will
q last week and % in the correspond
week last year.
Wheat Exports.
Wheat, including -four, exports from
The United States and Canada for the
week ending December 20 aggregate
2,179, 1929 bushels, against 2,729,S17 las
week and 3,6S9,456 this week las
year. For the rs weeks ending De
cember 20 exports are 81 1,029,933 bush
els, against S7,7$O,OS9 bushels in the
corresponding period last year. Corr
exports for the week are 1,149,41'
bushels, against 1,O3S,S56 bushels .las'
week and 1,151,15 bushels in 1909
For the 26 weeks ending December 2S
corn exports are 11,044,270 bushels
against 8,697,913 bushels last year.