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Weekly Review Of Trade

Weekly Review Of Trade image
Parent Issue
Day
31
Month
January
Year
1895
Copyright
Public Domain
OCR Text

New York- Dun's weekly trode review saya: Events did not help business the past week. About ,880,000 gold was withdrawn from the treasury, mainly for export, and the gold reserve was reduced to about $68,000,000. The treasury lost in 39 working days about $53,000.000 gold and dally inoreasinR distrust is Hable to affect markets unfavorably. Industries have nat yet found sufacient demand for thelr producĂ­s to prevent furthr deoli&e in prices and the average for all coinmodittes again touched the loweat point ever known. The number of hands employed does not Increase. At bottom. business hesltates because the future is clouded and the consuming demand has not iucreased in January as was expocted. Heavy sales of wool are In part the result of growfng couJldence among manufacturera that they will be able to meet forelgn oompetition, and in part beoause pricos are not taought likely to go lower, so that some have purchasod beyuad their orders for goods. Wheat sold at tae ldwest point ever known for the May option and spot declined 4c for the week. Corn atoo dropped. Liquidation in pork brought a sharp decline. Cotton hardly escaped the lowe.st point on record. Failures the past week have been 38a in the Unltd States, against 430 last year. and 69 In Canada, against 66 last year. Nkw York- Bradstreet's trade review says : Special telegraph and mail advioes from the moro important distrlbuttng oenters fail to relate any tnarked improvemont in the movement of merchandise and products and the conolusion is torced that the great trade sltuatton remains as previously characterized- by small volume, low prices, hand to mouth sales and the outlook lavortng a very conservativo trade (or some time to come. An exception 3 in wool sales, though prices are no higner. Milla report unexpectedly large orders of mens wear woolens for fall dellvery in spite of foreign lompetitlon.

Article

Subjects
Old News
Ann Arbor Register