The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-04-26
puN's TRADE REVIEW.

Higher Prices I'm Speculation, BuI
Busaness Less favorable.
NEW YORK, April CIR. G. Dun &
Co., in their weekly trade review, say:
There are higher prices IN specula-
ton, but the business outlook is dis
tinctly less favorable. Stocks are
stronger and breadstuffs rising, with
oil and provisions, but purchases for
consumption are so restricted that al
most every important branch of manu-
facture feels the check, and the vol
ume of business recorded in bank clear
ings, outside of New York, is smaller
six per cent than at the same time last
year, with decline of over two and a
half per cent at New York. Prices of
manufactured products and the chief
materials tend downward. SO that in
spite of a material advance in specu-
lative prices since January LIST, and in
vegetables the average of all prices is a
shade lower than at the opening of the
year.
Reports Of injury to wheat, evidence
that the backward spring has limited
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 two
and one-half cents, corn two Genus pork
ffty cents per barrel and lard nearly
one-fourth cent; hogs thirty-two cents
per hundred pounds and oil seven
cents. Crushed sugar has been ad-
vanced a quarter. Weaker prices fol-
wool. especially for the grades most
largely consumed, indicate no improve
ment in the manufacture. Cotton is
weak in tone, though unchanged in
price, with print cloths selling at only
three and one-half cents. Leather is
not stronger, and a break in the price
of boots with dragging trade and es-
pecially dizziness in woolens, shows in
dications that this branch of manufac-
ture so long more hopeful than almost
any other, at last feels the shrinkage in
consumption.
The iron trade does not change
materially. Sales of steal rails for this
year have been 65S, 543 tons against
/ ,494, 1884 at the same date last year,
and weaker prices at the west are re-
ported though not here. Another OF
the largest trades affected by the
weakness in meats. Coffee is lower
because of the shrinking demand.
The tea market is unsatisfactory, but
the market for dairy products is in
better shape.
Reports from interior points, with
scarcely any exception, represent the
money market as fairly or fully sup
piled, though brisk demand is noted
at Detroit, Milwaukee and Denver.
At these points, and nearly all others
reporting, there is more or less COM
plant of tardy collections. but in this
respect improvements is noted at
Kansas City and Omaha. AT
about half the cities re-
porting a better volume of trade
is observed, incident to improvement
in the weather, and heavy grain ship
ments eastward are clearing away the
accumulation during the strikes; but
shrinkage in the exchanges at Boston
Providence. Philadelphia, Baltimore
Cincinnati, Louisville, Milwaukee
Kansas City, st. Paul, Minneapolis
and Omaha are not balanced by mOder-
ate gains where speculation has been
heavy as at Chicago, st. Louis and
Pittsburg The stock market has beer
strong, and has advanced an average
of nearly one dollar per share with the
| government offer the purchase bonds
the uncertain outlook in Europe anC
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 to
tai of 1876 as compared with I'D Last
week, and 1919 for the corresponding
week of 1887.