The Portland daily press. [volume] (Portland, Me.) 1862-1921, 1884-04-03
FINANCIAL AND COMMERCIAL
The Rinnncinl si,nn,inn


The week has been disturbed by riots and freight
wars. The troubles at Cincinnati are not only bad
IN themselves but they the surface indications
OF deeper calamity, which is liable to manfest it.
self In any Of our larger cities The continued &C.
cesson of non producers the tramps and low fell
lows OF the larger towns and cities. coupled with
growing tendency to kick at the rights of corpora
lions and capitalists is problem Of deep signif-
canoe, especially in view of the excitement of COZ
ing elections. The real danger of this country is in
the passion of unemployed Deliberalion breeds
anger and anger filings out weapon at random
against law and order. The stagnation in iron. in
mines, and in many industries throws men and wo-
men into tue corners of streets and around the grog
geres. And mobs rise very quickly when steady
application to work is withheld. It is becoming
grave question whether the vast emigration to-
ward the west is not nurturing passions rather
than developing agriculture The excessive produc-
ZION OF ce eals shows that must turn our atten-
tlon TO other products from soil. IL is evident
that at the present ratio the production OF the
main cereals is not at profit it may be the far
mer, but will the rar BAD companies submit to car
~ ng the crop to the seaboard with no profit? Then
the raiser will have to sell for less: and then he will
raise less. The trunk lines working for nothing
on the present basis The in their stocks are
constantly shrinking, and there will come a. day
said-the outlook is not en- ,ouras ing The tone is
not good. People ask anxously if everything is all
right. and they desire to be assured by the calm
ness of their neighbor.
prominent bank president said to the writer,
that his reason for constructing bank vaults in New
York of so massive size, with such abundance of
locks, was not hi fear of burglars but the plumber
OF mob There is no reason why the scenes
the Ohio may not be repeated on the Hudson. The
telegraph monor ly seems liable to be broken. TEL
phoning between Boston and New York is success
full aud lines of opposition companies threaten
a lively time for the Western Union.
The bond market has held up pretty we'll, as there
is scarcity of good securities We understand
that party III Boston has undertaken to negotiate
the loan of the Maine Central cor the construc-
ton of the branch from Ellworth to Bangor This
is the same loan which advertised months
ago. and for which olds we're not obtained, as at
that time the road was not cons. ted The bond
is The promise of the company, but is not mort
gage upon the main ne it bears interest at five per
cent. and is to be placed he ar, at ninety five.
Review of POrtIaud wholesale Market.
FOR THE WEEK ENDING April 2.
For the principal food staples there is unset
tied to the market aud change will be no.
ticed in quotations with only moderate jobblng
trade demand. Sugars have declined during the
week and the market closes dull and easy. Provis-
ions generally quiet and prices are lower. Flour
has been weak except standard grades, which
are steady and firmly held. Teas quiet without ma
terial change. Oranges strong and higher Lemons
are very plenty and in prices lower. Cheese is Arm
and trife better. Dry Fish very dull and in
most instances lower. Cordsge has declined, and
YIN. Sheathing l4sc lower. Fresh Beef is steady
we quote sides 9@1oc y lib, hind quarters at l@
12c fores at 1880, rounds with tanks at 9991ac,
rounds at 1OHs@11c, rumps and loins at 13916c,
rumps l3914Isc, loins I3@17c, rattles 6@61sc,
backs I(09c, chucks 7c, short rib cuts at 12@I3c.
NFntton ID firm Mt q,0I0o JY HI