The Commercial and Financial Chronicle, and Hunt's Merchants' Magazine, Vol. 56

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Excerpt from The Commercial and Financial Chronicle, and Hunt's Merchants' Magazine, Vol. 56: A Weekly Newspaper, January to June, 1893, InclusiveThe failures diminished greatly in comparison with the previous year, and even in the later months, when business was dull and the balance of foreign trade was so little favorable as to permit gold exports to keep up at that unusual season of the year, the failures did not increase, and the total for that quarter fell much be low the same time in 1891.Taking a general view of the dealings at the lead ing Exchanges, we find that on the New York Stock Exchange there was no season of extraordinary buoyancy and activity after the great Reading deal in February. The chief movements of the year were in special stocks, and largely in the cc-called industrial stocks, which were boomed for one cause and another peculiar to themselves. But if the year was not equal to some others in large profits, it was remarkably free from heavy losses and failures of bankers or stock brokers. The total sales of stocks at the N. Y. Stock Exchange were shares, as against in 1891, and of railroad and miscellaneous bonds against in 1891.At the Produce and Cotton Exchanges in New York, and the Boards in other cities throughout the coun try, dealings were somewhat affected by the Anti-option Bill pending in Congress, which ceased to be an oh struction only when Congress adjourned in July. Our Produce Exchange had a large business in the early part of the year with the varying prospects of the new crops at home and abroad and with the large crops of 1892 to handle. But the tendency of prices during the year was downward, and the losses on the decline of wheat must have been very large. The total sales of all grain, including ¿our reduced to bushels, amounted to only bushels, against in 1891.About the PublisherForgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.comThis book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully, any imperfections that remain are intentionally left to preserve the state of such historical works.