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Weekly Review Of Trade

Weekly Review Of Trade image
Parent Issue
Day
3
Month
January
Year
1895
Copyright
Public Domain
OCR Text

New York - Hradstreet's trade review says: The conclusión of the holiday traJe brought a moderate reaction and tliis empaaslses the dullness noted in preeeding weeks. Jobbers claim the outlook for trade durinK the late winter and early spring is for very conservativo buying. But in somo lines. notably hr;ivy textiles, the recent eold weather has stiinulateil saleSi and reports from retaüers west and soutb indícate that stocks are low almost bevond precedent. Traveling salesmen. with few exceptions. are now on the road. Industries are shut down in many instances to make repairs and take stock, and owing to extremely o prices lor industrial Staples, the wage movemcnt leads downward. Quotations for staple merchandlse show more tirmness. with sugar. cotton, wheat, corn. steel. tin. eopper and tobáceo practically ncnanged ia prfce. Oats. among eereals, vords a fractiooal advance; print cloths ank ither stuple cottons ire lowcr. Special refrjrns to Bradstreet's s'.inw a net decrease wit'j.ln the year of about 1.000 Individuáis, firma anti corporations established in business throughout the country, but .nvinfi to decrease in the number of iailures, the commercial death rate is only about 1.21 in svery 100 engaged in business in the tuur years precedí, k l. It ís also shown that 7 baiiks iré r(;ported suspended in 1894, as compared with 5Ü8 the year before, owing 115,482,000, in contrast with $170.01)0,00 in 1893. N iw YuitK - Dun's weekly trade review saya : Etoüday tiade met expectations. I'urchases Uave been numerous, but smaller than usuai in imount and more coniined to needful articlcs, thus anticipating ordinary trade. The volume -t business represeuteit by clearlng-house szchanges Is 7.7 per eent largor than in 1893, aut 21.8 per cent less than the year before. l'lu' market for iron and steel is waiting, but '.lic reduction in wages at the Edgar Thomson oriis. averaglng 15 per cent, plainly indicates ;rno dLtliculty which is seen in other juartere, that the demand inconsumption does :iot atiswer to the Increase in production, 'ailures last weck utre 35U in the United against 511 in ISS&

Article

Subjects
Old News
Ann Arbor Register