Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-02-11
ruN S TH. D. ..-sirN.
El.ct u Review %: Commerce and :tn
ancs Now Saows.

hhst NJ"
EIw YonS. February i,.-R q. Dun Z
Cos wc lily -a'!c o: I:iir viii say: /:
the genera. cpu-sc o. hu lr!.s.- tdc-e hA
len no .rrcpIibe Gag. Til. .n,nn
II payments. irclE ling PAPER ~ .:nr.i
February !. was over I "a; per cent !a-I,,.
than las: yea. outside u: wv York. w
ien:ly the gain - .",u.n. cf new t-ans"c
t!ur> IS muca sma.lr.. Railroad rouua2:
: enlarged hy WAITS ui rates. ami the rru
af expenses - earnings ;;-,.w7 less s,tisGir-
tory. At nearly al. il-;.'.'i5r p,tI,s -'pb-;-
ing. trade is dull or inactive. thou:
Ncrc"pt.5ic improvement within tie pas
Ten days is noted r. s.. Faul AMI rnaa-
Raj collections are slow at s.. Paul. Nj.
waukrc. Detroit and Cicv9L.7i. and T..
nuu,ber % failures in the Northwest. be
roni the Miss s,ipri. seems laTGcr tina
usual. The cold weather eyii"ntiy has l.
1.sta-linc influence in niDy quarters. Ia
failure ut n bank NJ Cincinnati. with ar-,E
OF officers, on account Uf speculation IN -ca.
estate, oil. .nd gas. and the failure "f Bsns
ley Brother, az chicago. all o,d grain hO@,,
with !arys crrl.t, call attention :" tie chir
cause CT hes!rlt! N in business. y vi .
amount of capita. has been lCrkari M. az
u vast body a! Indebtedness Great i. in co..
nection with thr rca! sstst'. g-Iin aud ot,i >
specalatipns OF the raS; yerr. lndcbtca-
~
sr,y for commodities in not few cas-
will have 10 tc liquda:ci at n l"S>
On the Glance OF war in Europe. wheat va
suddenly advanced 80 far iha. peace pro-
poets involve disGStcr Ia many. III,
capacity of iron furnaces in blast February
lst was l6 4n; tons weekly les, than Janu-
arv list, and. contrary Ia expectation. much
more than hall the decrease Was i'll other
than anthracite furnaces. The effects Of the
strike in coal regions ipcrease from day to
day, but are no; as great as the depression
due To shrinkage in demand. Of the latter,
part is attributable to tariff uncertainties
and part to the excess Of railroad building
in the West amd the consequent wars
Of rates Including 5000 tons de.
fcrrrd from last year, contracts for
steel rails ~ far reach about five hund
red thousand tons, without any lifting a
the p-icr, $3.50 at the mill. Pig iron is
weaker at Pitisbury, but stif Mt the east for
the better grades on account of their scare
ity. In manufactured iron slackened de-
mand still Causes weakness The effects OF
the coal strike. which does not seem 10 ap-
proach an end. are felts in slow collections
and several failures q, Philadelphia. The
wars of rates between Western roads have
now gone 50 far that the rates charged are
said to be- on the whole not more than half
those charged before the trouble began. but
no sign OF settlement is seen in any quar-
ter. Those who have put money into many
new lines where new lines were
not needed. have no reason TO
expect returns until the business Of the
country has largely increased. Meanwhile
the Interstate law makes any settlement
more difficult. and places United States
roads At u disadvantage in competition
with Canadian. Through rates for export
have haen ala,, and efforts of tYnnk
line managers 10 settle difficulties have not
yet succeeded. Nearly all the markets arc
lower; stocks about 80 cents per share for
the week; wheat about l cent per bushel.
corn &c. oats nc, coffee h.c per pound, and
sugar both refined and crushed. sc, hogs
l0 cents per 100 pounds. and tin Nc per
pound. Cotton has been held steady
by the report Of the Large consump-
ton abroad. The dry goods trade continues
good for cottons. which are steady in price,
and slightly improved for woolenA The
woolen manufacturers meet on Tuesday 70
consider questions Of credits and undervsl-
uatiolS. and " perfect orxanissuon In