Wichita eagle., 1888-04-21

NEW YORK, April OR. G. Dun & Co.
In their weekly trade review say:
There are higher prices in speculation,
but the business outlook is distinctly less
favorable Stocks are stronger and bread
stuffs rising with oil and provisions, but
purchases for consumption are so restricted
that almost every important branch OF
manufacture feels the check, and the vol
ume of business recorded in bank clearings
outside of New York is smaller by e per
cent than at the same time last year, with
decline of over 21I per cent at New York.
Prices of manufactured products andth
chief materials tend downward, so that in
spite of material advance in speculative
prices since January l, and in
vegetables, the average of all prices is a
shade lower than at the opening of the
year Reports of injury to wheat evil
dence that the backward spring has linn
tied sowing and the belief that the death
of the German emperor will lead to war,
all influence the breadstuffs market to
higher prices Wheat has risen 81 cents,
corn cents. pork 80 cents per barrel, lard
nearly 4 cent, hogs 80 cents Per l00pounds
and oil cents. Crushed sugar has been
advanced quarter.
Weaker prices for wool, especially for
the grades most largely consumed, indi-
cate no improvement in the manufacture.
Cotton is weak in tone, thoughunchangedi in
price, with print clothes selling at only
BIC Leather is not stronger, and break
in price of boots, with dragging trade,
especially dizziness in woolens indicates
that this branch OF manufacture, so long
more hopeful than almost any other, at
last feels the shrinkage in consumption.
The iron trade does not change mate
oil Gall of Sanl vail for 4 &c
have been 65S, SAB tons against 40, 1884 at
the sameHdate last year, and weaker
prices at the west are reported though not
here. Another of the largest
trades effected by the weakness is mears
Coffee is slower because of shrinking de-
mand. The tea market is unsatisfactory,
but the market for dairy products is in
better shape.
Reports from the interior points, with
scarcely an exception, presedt the money
market as fairly or fully supplied, though
brisk demand is noted at Detroit Milwau-
kee and Denver. At these points, and
nearly all others reporting, there is more
or less complaint Of tardy collections but
in this respect improvement is noted at
Kansas City and Omaha.
AT about half the cities reporting a bet
ter volume of trade is observed, incident
to Improvement in the weather, and heavy
grain shipments eastward are clearing
away the accumulation during the strikes,
but shrinkage in the exchange at Boston,
Providence, Philadelphia, Baltimore, Gin
cinnati, Louisville, Milwaukee, Kansas
City, ST. Paul, Minneapolis and Omaha,
are not balanced by moderate gains where
speculation has been heavy as at Chicago,
st. Louis and Pittsbnrg.
The stock market has been strong and
has advanced an average of nearly 81 per
SHARE with the governments offer to pur-
chase bonds, the uncertain outlook in
Europe to- and the great success of British
refunding as the most prominent factors
The business failures during the last seven
days number for the United States III,
and for Canada Is, or a total of 1876, as
compared with 222 last week and 1893 for
the corresponding week of 1887.