The Palatka daily news. (Palatka, Fla.) 1884-1888, 1888-02-04
FAVORABLE COMPARISON WITH
LAST YEAR TO DATE.
But Very Little Speculation in Amy
Direction.
Money in Good supply and Easier at all
Interior Points and AceumulatiEg
Rapidly at New York.

NEW DIRK, February o.-R. u. lJun
& Co. s review of trade for the week says
quiet has been the prevailing feature IN
business during the past week at nearly
every interior point reporting, and at the
chief eastern cities, yet it is generally es-
timated that the volume of business
transacted compares fairly with that of
last year to date. The clearings confirm
this estimate, showing gain of about
five per cent. in payments through all
banks outside of New York, with little
speculation in any direction to swell the
transactions. These returns are safe in
dications at this season of a moderate
fuse to rise though meats and vegetables
are shade higher on the whole. There
is little larger decrease in { ther ar
ticles-even the retail prices of coal at
Philadelphia, having yielded twenty-five
cents. The general level of prices of
commodities is now a shade lower than
January.
MONEY IN GOOD SUPPLY.
Money is easier and in good supply at
all interior points reporting, and accu-
that some six months loans at per
cent. have been made.
BOND PURCHASES INCREASING.
The slackening in manufacturers and
indisposition to invest i'll new enterprises
cause plethora of money here and pur-
chases of bonds have increased of late,
though in January the report was $780,
527 800, against $44, 129, 300 last year.
The withdrawal of public interest from
the stock market is illustrated by sales
of only 2.91S, ,465 shares in January
against S,23G, 129 for the same month
last year.
STOCKS DECLINED.
The steadily widening disagreement
between lines both East and West and
the rapid enlargement of operating ex-
penses deter investments. Without ac-
tive movement prices have declined
about 25 cents per share for the week.
FOREIGN CAPITAL.
Large amounts of foreign capital con-
tinue to come in for Investment IN lands
or mortgages at the West and South,
particularly of late ia Texas, but statis-
tics indicate that larger amount of
foreign capital is at present being with
drawn, in part perhaps from securities.
Exports of merchandise from New
York for the four weeks have fallen
| only $50, 900 below those of the same
weeks last year, but imports here for the
four weeks show an increase of 1871 per
cent
THE COAL STRIKE.
The strike in the coal regions has
already caused some bloodshed, several
failures in the grocery line and great
suffering and loss. Hopes of its termi-
nation within sixty days are not more
| clearly warranted than they We're two
or three weeks ago.
| IRON SHADE HIGHER.
For the time sitter tone results in
| the iron market, the best grades being
| scarce and shade higher, but it is felt
that general anxiety to sell would APP
pear if the strike should end. More
sales of rails at $31.50 are reported, but
less than We're expected to follow the
Pennsylvania lead, and the market for
bar iron is disappointing.
BETTER TONE IN WOOL.
In wool a distinctly better tone is seen,
with considerable buying by manufac.
turers, who feel an improved demand
for woolen goods, but foreign compe-
tition keeps prices very low, and the
wool season is SO near its end that Nc
material advance in prices is expected
COTTON GOODS.
Staple cottons remains firm, but busi
ness is limited by the scantiness o
stocks. In prints some advances are re
ported.
FAILURES FOR TIE WEEK.
Business failures occurring throughou
the country during last week numbe
for the United States 247, Canada 81
total 219: against 81 last week.