Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-03-10
DUN'S TRADE REVIEW.
A Resume of the Past Week in Finance
and Commerce.


New YORK, March I0-R. G. Dunn &
Co. 5 weekly review of trade will say Busi-
ness begins To fall below that of last wear in
volume. The railroad strikes. and the pos
sibility of their extension, the uncertainty
as TO the tariff and the mode of preventing
accumulation of money in the treasury,
the death of the German Emperor and the
doubt as TO its financial effects. Conspire IN
check new ventures, and TO limit purchases
70 immediate needs Thus, the exchanges
outside of New York fall below those of
last year, and the decline at nearly all the
principal centres of distribution is consider
able, though numerous smaller cities still
report gains. The tendency of the markets is
generally towifrd lower prices, though the
average for all commodities is. as vet,
hardly one per cent. below the highest
point touched soon after New Years In
the stock market the downward movement
has been more definite, though without any
excitement The causes above named. and
especially the considerable foreign sales
since the deceaSe of the German Emperor
was anticipated, fully account for the aver
age decline of about 81 per share; indeed,
the remarkable steadiness of the market
under the circumstances is constantly men,
toned. But this implies a measure of un-
reality in current prices; markets which do
not respond to natural influences are
with reason distrustful. The appeal
and Quincy opens the way to
legal decision whether any combination of
men can lawfully arrest traffic on one rail-
road, because it performs its duty as COM
mon carrier in taking freight from another.
1t is felt that the decision may prove of
great importance in the end but il can
hardly be reached soon enough to have in
fueuce this season. Earnings continue
large, but the increase in expenses also con-
tinues. The wheat market has been lifted
two cents by the foreign news, but with the
result of completely arreSting the export
demand. As the reported exports last
month from Atlantic ports were less than
half those of the same week last year,
while exports as large as last year S
would still leave a considerable unsold
surplus next July, the eNpediency of an
advance is doubted. Corn and oats have
also risen about one cent and oil little
more, while the foreign news has checked
a decline i'll pork products, but cotton and
sugar are lower, with some grades of iron
and wool. The decline in sugar has been
small: belief that the trust NAV effectuallv
he resisted seems 10 increase. A drop of half
a cent in cotton has caused some failures
here and al the south, but does not sur
prise any VINO nave observed that receipts
from plantations are still about 800. 900
bales above those of last wear to date.
The belief that the crop will reach
6,700u00 bales appears TO gain strength.
In the dry goods market the demand even
for cotton goods has become moderate. The
inquiry for print cloths is light at $3.50 The
wool market is steady for the better grades.
The boot and shoe trade is steady; the feel
ing that leather can hardly go lower helps
purchasers. With kip No. l. at lc and bro
gan No |, at l6c, the market is still dull
and hides are easier. Rubber is firmer be-
cause OF fair prices: fine is quoted at 75Iac.
Iron does not grow stronger. Bar iron is
weak again, and sales below 10 are report
ed. Sales of 5000 tons domestic steel rails
resulted in a slight lowering of quota
tions 10 S3l 25c at Eastern mills:
1880 tons foreign are taken for
Pacific delivery. The Treasury has
paid out money more freely the past week
and has added 500 GU0 20 its deposits in
banks, and yet has taken in S.. 800, 600
more than it has paid out. The expecta-
ened by trade accounts, indicating a prob
able excess OF imports over exports in
February. and by recent sales of securities
on foreign account. But the supply of
money al all interior points reporting is
ample, and collections are nowhere a mat
ter of special complaint. Business failures
during the past seven days number, for the
United States l95, Canada IS, total 253, as
compared with 229 for the corresponding
week of 1857