Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-03-24
III PORTLAND The COUNTY SEAT OF Jay COUNTY INDIANA
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CONDITION OF BUSINESS
A Presented by r. C. Dun & Co..
Weekly Report.

NEW YORK, March 24-R. G. Dun & Co. s
weekly review of trade will say: After the
blizzard" temporary increase of busi-
ness, st least, was necessary TO make up for
lost time and to meet delayed orders. The
increased activity from this cause has ex-
tended through the past week. 1t is not
yet clear weather definite improvement
in general trade has not come with it. In
the speculative market there has, certainly,
been more activity, though generally at the
expense of values. Stocks, breadstnffs
provisions, cotton, sugar. and oil
are all little lower. but with larger trans
actions Stocks have declined about SOC
per share. wheat is lc and oats &c lower
lard and cotton &c lower, sugar l-16c and
oil SC, while coffee and tin have each gained
nc. 1t is felt that the future turns largely
upon the money market, which has been
very easy. But the steady loss of reserves
by the banks, Il continued at this season,
may st any time bring a sudden change.
Up to March l, in spite of sales of stocks on
foreign account, there is evidence that for
eign capital continued to come hither.
probably on account of bonds negotiated
last wear or early in January. The returns of
fereign commerce for February show inn
ports exceeding exports OF merchandise by
$40, 1872 9s2, making the excess for two
months S., 655. 476, while the net exports of
gold were 1881, 796, and of silver 81. .9s9. 4S7
Considering half-yearly interest and divi-
dends due abroad, and under valuations of
imports, certainly more than $20, 600 900 of
foreign capital must have come hither
But exports, since March lst, fell q \ per
cent. below last years, and imports are 9
per cent. above last years. The large move
ment of cotton and other products seems
to have passed, and meanwhile the market
indicates sales of securities on foreign ac-
count.
The reports from the Interior are gen.
orally quite favorable. At southern points
the activity and the early opening of spring
trade inspire hopeful anticipations though
the margin for profits is very narrow Com
parstive inactivity is the rule at the north
ern points. though here and at Boston there
is some pressure since the storm TO make up
delayed orders and at Chicago and Omaha
increasing trade is noted. Collections are
noticeably slow at,Cleyeand and not en-
tirelJ satisfactory at Kansas City. but gen.
orally fair.
mDetroit and Cleveland are the only points
where clearances in the money market is
reported. though Boston begins 10 draw
from New York and some applications for
discount come from ST. Louis, where rates
are to s per cent. OF the larger branches
of trade the boot and shoe appears most
cheerful, buyers reporting good trade
throughout the country. The dry goods
business has been more active for the past
week, with steady demand and un-
woolens are in less satisfactory shape.
The demand for dress goods is
moderate, buyers pausing for the large
Arlington sale and the frequency of auc-
tions, of which no less than six occurred
yesterday, is a feature not entirely encour-
aging. The iron trade is helped by the de-
crease in imports which fell to Il, ,6I3 tons
for January against 81. .247 last year and for
February. British shipments to this coun-
try were only 42,476 tons, against III ,4O3
last year. Yet the constant offers of
Southern and Western products. at prices
At little below Eastern quotations, con-
tinues to depress prices: No. pig is quoted
At $40 to s21, grey forge at ST.. Best re-
fined bar is sold by some at l.9 but by
Others at Is, and steel rails are quoted at
$31, orders up to March lst having been
only SIS, go tons.
The absorption of money by the Treasury
continued 10 deplete bank reserves. and the
prospect of any early action by Congress
does not increase. The Senate Committee
will report favorably the bond purchase
bill, but also favors a bill for refunding. so
that difference of opinion on this matter,
as in regard to the tariff, may delay action
The disturbance of business by West
ern railroad strikes has nearly ceased
and there are new reports that
qusrres about rates are TO be adjusted. but
the interference of the Interstate law with
export rates through the various Eastern
ports is likely to cause difficulty Business
failures during the last seven days number
for the United States 2l2, Canada 81; total
24S, as compared with 259 for the cor
responding week last year.