The Republican. [volume] (Oakland, Md.) 1877-current, 1885-05-16
State Of Trads.

ing the preceding seven DAYS, as re
ported to Brddstreet's by special tele-
grams, The dissolution of the east.
bound pool and freight rate war in
the Northwest have failed thus far to
stimulate the distribution of goods.
In the West the activity of farming
operations has contributed to depress
business with country merchants.
This is particularly the case in the
Northwest, where special efforts have
been made to increase the acreage of
spring wheat. To such an extent
has planting been carried that it is
now reported that the outlook is for
nearly if not quite the acreage of
wheat in Minnesota and Dakota this
year as last. The general business
situation throughout the country is
not satisfactory. Even at st. Paul
and Minneapolis the movement is
below previous expectations. At
NIllCdSO IL 10 bdICIy IIIdIlIldlH6u,
while at st. Louis, owing to favora-
BILE weather, there has been some i'm.
provement. There is no gain an.
nounced from Cincinnati, 'SrofS
Detroit, from Baltimore or Philadel-
phia. AT the east there is no more
favorable report. The distribution
from New York and Boston has been
of moderate proportions in leading
lines. Neither dry goods nor hard
ware have any stimulus in the de-
m and from the interior. The wool
market has witnessed some little re-
newed activity. but prices have not
improved. The price of breadstuffs
have declined 2a3c. net this week,
Since Wednesday there has been
some recovery, owing to the empha-
sis added by the reports of a short
crop of wheat.
On the New York market all no.
ton of war between Russia and Great
Britain has disappeared, and any
strength in wheat must be derived
from crop reports. The bull party
at present is in the ascendent. They
outline the situation as pointing TO
at least Sl,25 per bushel for wheat.
Depending wholly ON recollection
and using round numbers, they recall
that in 1880, with crop of 493. 900,
600 bushels, wheat sold at S1.10. In
1881, with crop of $50, 1850, 900 BUSH
els, wheat sold from LILO up to 81. 81
and to 81 go. In 1882, with crop OF
$4,000, 600 bushels, wheat sold from
S1.33 down to Sl.2O; while in 1888
with crop of 420, 100000 bushels, il
sold from Sl.25 down to Sl.OO pei
hnshel. In 1884, with $4,000, 00C
bushels it went off to isle; and thi.
year, with 100000 900 bushels" the
expectation that the price will 90
from 81 to S1.25.
Grocery staples move uniatistacto
rily. Coffee is lower and weak
Dairy products are in buyers favor
and dull. There were 1877 failures in
the United States during the pas
week, as compared with i67 in The
preceding week, and with 1872, IA.
and 1l9 respectively in the CORES
ponding weeks of 1884, 1883 and 1882
About Sc percent were those of small
traders whose capital was less thar
$1,000. Canada had SO, an increase
of three.
There has been no gain in pig iror
and no sales Of importance are noted
There has been some pressure to sci
Southern irons. Receipts Of Scotch
pig iron are somewhat heavier, bu
prices are no different. Bar iron i.
dull and unchanged. Steel rails ar,
dull and unchanged, and prices dt
not show any disposition to get abov,
S26 per ton at the works. "The ten
dency however is toward improve
ment as the spring advances.
Boston. May 9.-The advertiser il
its review of the wool market says
The market has been quiet, but bust
ness continues to be larger than yea
ago and the sales since January foo
up nearly 100000 pounds more
than the corresponding time last yea
or an average increase per week O
over 100000 pounds. The business il
April was particularly brisk, wook
being pressed by holders for sale in
order to close out old wool, and man
ufacturers have on their side bough
as if they thought the prices of new
wool could never be lower than thos,
now ruling. Indeed, many leading
authorities consider that wool is s
purchase at the price now ruIins
here, and they have stocked up aheac
OF their wants. Manufacturers have
also taken orders for goods which re-
quire them to secure wool. Recon
large sales have made the market I,
be as bare as usual at this season. al
though the new clips are about thre,