The Palatka daily news. (Palatka, Fla.) 1884-1888, 1888-01-07
STATE OF TRADE.
X. q. Dun q Co. Say that the Past
Broken Week Has Not Been
One OF Great Activity.

NEW YORK, January 6.-R. G. Dun &
Co., in their review of trade for the week,
say the past broken week has not been
one of great activity, and the year opens
with some reaction in most of the mar
kets. The Reading strike has become
more serious than was expected. The
miners committee claim that 10000
miners and Is, 900 railroad men are out,
and though the statement is plainly ex-
aggerated as to the railway hands the
suspension of mining appears to be
nearly complete in the Reading. as in
the Leigh Regions. In spite of the De
cember large output, stocks at tide
water are low. and the stopiage of the
supplies of coal threatens to close some
manufacturing works.
IRON MARKET sTfFFER.
The iron market is already distinctly
stiffer, because of the possible closing of
furnaces, and the Thomas Company has
not yet announced It's prices. Sales OF
5000 tons of Southern iron are reported
with some weakness in bar iron and lit
tie improvement in the prospects for rail
manufacturers.
SPECULATIVE MARKETS.
All speculative markets have exper-
fenced some reaction except for tin,
which is firm at half a cent advance,
and lead, which is quoted slightly lower.
A bad break in copper stocks abroad
with quick reaction, was followed by
a heavy failure and panic at Paris. Oil
mounted to 81 on Wednesday, broke
suddenly to GET. and has since risen
again. Pork and lard have declined
little, and cotton 1-16 of a cent. Coffee
is demOralized and shows loss of near
ly l cent. Breadstuffs have been weaker
Stocks have not advanced as those hoped
who supposed that so, ,OOO,O 900 distri-
buted in dividends and interest January
would lift prices. An increased de-
mand for good bonds appears, but the
share market has been weakened by the
Western ars Of rates, which spread and
grew more bitter, and by the strike of
the coal miners. The first week of the
year opens with fewer failures than
were anticipated, and with fair business
for the season.
MONEY GENERALLY EASIER.
At all points tho money markets are
generally easier and complaint of collec-
tions is less frequent. The dividends
declared by banks and other financial
institutions, were generally up to expec-
tations, but much of the money appears
to have been anticipated i'm previous in
vestments.
WoOlen manufacturing seems uncer-
tain. The raw material has declined
about one cent in December and two to
three cents since July, though coarse
has been in fine fleece. Estimates of the
clip vary widely.
Cotton manufacturing is exceptionally
prosperous, and fancy prints have ad-
vanced to 81 cents. Some makes of
brown and bleached goods have ad-
vanced, and print cloths have risen to
81 cents.
The foreign trade continues large.
Exports show only 81 per cent. decline
for five weeks at New York, and imports
only II per cent. decline in comparison
with the enormous business of last win
ter.
TREASURY OUTPUT.
The Treasury has PUT out 81 ,OOO, 900 in
gold, and 5000 in silver since last
week and it increased the circulation of
all kinds Of money $14 ,OOO, 900 in Decem-
ber and s62, 4OO, 900 during the last half
of 1887. But for the miners strike and
threats of the cotton spinners, who
claim that higher wages were prom
ised when goods reached the present
prices, the outlook would be more favor
able than for many weeks past.
BUSINESS FAILURES.
Business failures occurring through
ont the country during the last week
number for the United States, 256; Can
ada, 23; total, 219; against 263 last week.
The figures for the first seven days OF
1887 were: United States, Ell; Canada
%; total, 299.