The citizen. [volume] (Berea, Ky.) 1899-1958, 1911-01-05
NEW YEAR OUTLOOK
General Situation Bears Marks OF In.
provement and Shows Elements
Of Strength.

New 1Ork--R. u. Dun ~ 10.
weekly review of trade said
After 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-
frcnted 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 l 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 80
per cent OF capacity, and in certain
branches of the industry dizziness is
pronounced. This applies particularly
10 the pig iron division, where restric-
ton of output has not prevented ac-
emulation of stocks, so that fresh
concessions have been made In order
TO stimulate demand.
Dry Goods Quiet.
II was a seasonably quiet week In
the primary dry goods markets, with
values well sustained, but still gener
ally close to or below the cost OF pro-
duction. In cotton goods curtailment
Of production is generally believed 10
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 o
odds and ends that are being sold a
low prices, although some sales o
upper leather at very low rates arr
reported. There is no change to re
port In footwear conditions, the mar
ket being quiet and featureless a.
heretofore.
New York. weekly let
ter said:
Business failures in the United
: States for the week ending Decembe
go were 2te. against 27l last week
257 in the like week Of~19O9, 2J9 j
1908. lS5 in 1907 and 900 in 1906.
business failures in Canada for tn
, week number 80, which compares wit
q last week and 22 in the correspond
, week last year
[ Wheat Exports.
Wheat, including -four. exports fror
The United States and Canada for til
week ending December % aggregat
2.179, a29 bushels. against 2,729.Sl7 las
week and 3.6S9,i56 this week las
, year. For the 26 weeks ending d.
cember 20 exports are 6l,O29,S33 busi
!. els. against S7,7$O,OS9 bushels in tn
\ corresponding period last year. Cor
4 exports for the week are 1,lf9,4i
$ bushels. against 1,03S,S56 bushels las
= week and 1,151,151 bushels in 100
p For the 26 weeks ending December 2
\ corn exports are 1l,0i4,2Io bushels
p against S,697,9l3 bushels last year.