Show WEEKLY REVIEW OF truie correspondence oliby the past broken week lias not been one of great activity and the year opens with some reaction in most of the markets the beading strike has become more serious than was expected the minors committee claims that miners and railroad men are out aid the statement is plainly exaggerated as to the railway hands the suspension of mining appears to be nearly complete in the beading as in the lehigh regions in spite of decembers largo output stocks at tide are low and stoppage of supplies of coal threatens to close some manufacturing works the iron marketis already distinctly stiffer because of possible closing of furnaces and the thomas company has not yet announced its prices sales of tons of southern iron are reported with some weakness in bar iron and little improvement in the prospects for rail manufacture AH the speculative markets have experienced some reaction except for tin which is firm ul halt a cent advance and lead which is quoted slightly tower A bad break in copper stocks abroad with quick reaction was followed by a heavy failure and a panic at paris oil mounted to 97 on wednesday broke suddenly to 92 and has since risen again pork and lard have declined a little and cotton a sixteenth coffee is demoralized with no spot quotations and a loas of nearly lc in options bread stuffs have been weaker though corn is still a fraction above last weeks prices stocks have not advanced as those hoped who supposed that 70 distributed in dividends and interest january ast 1st would lift prices an increased demand for good bonds appears but the share market has boen weakened by western wars of rates which spread and grew moro bitter and by the strike of coal miners the first week of the year opens with fewer failures than were anticipated and with fair business for the season at all points reporting money is rather closer at kansas city and some less important points and the strike with its uncertainties explains slightly higher rates at philadelphia while at boston the smallness Bm allness of transactions is unusual but the money markets are generally easier and complaint of collections is less frequent dividends declared by banks and other financial institutions were generally up to expectations but much of the money appears to have been anticipated in previous invest ments next to the iron industry which hesitates the woolen manufacture seems to have most uncertainty the raw material has declined about let in december and 2 to 3 acts since july though coarse wool yields least and the largest decline has been in fine flocco estimates of the clip vary wiT lely the cotton manufacture is exceptionally prosperous and fancy prints have advanced to 6 cents some makes of brown and bleached goods have advanced and print claths cloths have risen to 3 acts the window glass business prospers with an advance of 50 per cent in prices lost year and works operating at full capacity building of locomotives reached 2044 for works reporting to the railroad Eail road gazette against 1436 in 1886 and of cars were built against in 1886 the new enterprises terp rises reported at the south aggregate nominal capital of against in 1886 foreign trade continues large exports showing only 33 per cent decline for five weeks at new york and imports only 18 per cent decline in comparison with the enormous business of last the treasury has put out gold and silver since last week and it increased the circulation of all lands of money in december and during the last half of 1887 but for the miners strike and throats of cotton spinners who claim that higher wages were promised when goods readied present prices the outlook would be more favorable than for many weeks past the business failures occurring throughout the country during the last seven days as reported to dun co the mercantile agency today to day friday by telegraph number for the united states and for canada 23 or a total of 79 as compared with a total of last week the week previous to the last and the corresponding corres week of last year the figures for the first seven days of 1887 were united states canada 28 total yew YORK jan ath |