Wichita eagle., 1888-01-28
DOMESTIC AND FOREIGN BUSINESS
PICKING UP.
Outside of New York Exchanges
Show an Increase over Last
Years Figures.
Some Articles are a Fraction Down, but
Most Markets Have Notable RlS-
ing Tendency.
Money is in Fair Demand and Rather
Free-FailureS for the United States
and Canada.

NEW YORK. Jan. Pr. G. Dun G. Co.,
in their weekly review of trade, say: Bust
ness, both domestic and foreign, has d
more encouraging appearance. Money is
reported close at a very few distant points,
but comparatively easy everywhere else,
and collections are fair in all quarters,
with substantial improvement where tardi-
ness has been observed.
The volume of business has been affected
by storms and the blockading of railways.
but is generally fair for the season, and eX-
changes outside of New York are 81 per
cent larger than for the same period last
year. 1t is decidedly healthy symptom
that there is general absence of speculative
excitement, and prices of products are in
most cases settling toward a more natural
level, though the average is sustained by
the scarcity of anthracite coal, the scanty
supply of vegetables and the advance in
cotton goods.
Foreign trade in December was much
more favorable than early statements in
Dictated, the decrease in exports of cotton,
breadstutfs and provisions being partly
balanced by increase in cattle
petroleum and minor articles
The excess of exports over imports of mer-
chandiSe is S2l 1870. 1S3 for the month, with
outgoing silver exceeding incoming gold
by S616,039, indicates a withdrawal of
capital exceeding by Sl2,000,000, the
average required for interest payments,
and under valuations, but for the past six
months receipts of foreign capital have APP
parently exceeded Withdrawals by So, 00O-
600, The returns for January thus far in
dictate an increase of , per cent. The i'm
ports at New York thus far show an in
crease of IA per cent. As the exports eX-
ceeded imports by SIC, 600 last January,
these reports point to continued,
though smaller excess.
Iron is perceptibly sustained in price for
the time by the enforced curtailment of
production, but the feeling prevails that
resumption of work in the coal mines may
be followed by lower prices of iron. In all
br anches of this great industry the in
crease in railroad demand is felt.
The success of the Atchison and some
other railroad companies in placing loans,
aud the recent improving demand for
bonds, do not alter the facts that sales
of securities to actual investors
continue much behind those of correspond
ing weeks last year. A better tone in the
stock market has been observed for two
DAYS, but the bus ness is mainly left to
Spectators, and the inability of promoters
TO place securities may retard new railway
y
current reports still show large gross earn
ings.
In other branches of speculation the ten
dency has been toward lower level.
Wheat has declined cent, pork % cents
per barrel, sugar = cent and coffee a cent,
and oil Al cents, but oats have advanced
IL cent. Lard and hogs are "A shade
stronger and tin has advanced a fraction.
There is better movement in wool
but quotations average little lower
Cotton is unchanged, while prices of many
hleached and brown goods and fancy prints
have been advanced.
The boot and shoe business is fairly ac-
tive, with shipments exceeding last years
and prices of almost all kinds of leather
favoring buyers
The business failures during the last
seven days number for the United States,
26S: Canada, -. Total 81. as compared
with 314 last week and 27l for the CORES
ponding week of last year.