The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-03-01
WEEKLY TRADE REVIEW.
Trade and Speculation Continue DuII.
er Than lJ1ual.

er Than Usual.
NEW YORK. Feb. 24.-The following
is r. G. Dun s. Cos review of trade
for the week ending Saturday, Febru-
airy %:
Both legitimate trade and specula-
ton continue duller than is usual this
season, though moderate Improvement
in trade is noticed at Memphis.
Charleston, Kansas City and Milwau-
kee, and in speculation there has been
little more activity in stock. To the
natural causes of dullness at this sea-
son there is added quite an unusual
uncertainty in several important
branches of business.
The termination of the Reading
strike has come at last, and, as was
suggested some time ago, it only in
creaseS the uncertainty in the coal bus
mess. Efforts to settle the railroad
wars have not succeeded, but new cuts
cause much disturbance.
The sugar trust meets Unexpectedly
opposition, threatening its existence;
operations of other Syndicates or COM
binations make it impossible to fore
cast the future in many trades,
and meanwhile the uncertainty
as to congressional action of the tariff
is in no degree lessened. Within a
few days the sharp raise in foreign ex-
change has also rendered the future of
the money market less clear. The fact
that the Reading strike but slightly
affects the coal business became clear
before work was resumed, and 1t is now
felt that with the known shrinkage in
the demand for iron the resumption of
work by a few furnaces would be
likely to insure better prices.
a sale of an extra good forge for 1855
at furnaces is reported, and the COM
petition to secure orders for rails is still
keen. Bar iron is quoted at $1.90, but
car building continues unusually large,
then Pennsylvania alone has placed
orders for 1900 cars and 40 locomo-
tives.
Coke producers at Connellsville have
at last consented to reduce their price
% cents, which will help manufacture
ers for the over confidence of last years
expansion.
The decision against the barb wire
patents affects plants having capacity
of 800, 900 but not actually producing
| 10000. a decrease in railroad build
| ing must affect many branches of pro-
| ductio2.
The moderate improvement in the
| stock market is, therefore, Interesting,
but as yet has scarcely lifted prices
above the level of February.
OF new bonds issued this year 54,-
l
nearly 100000 additional were
listed last week, but how many of
these have found purchases no one
knows.
The quick advance in foreign ex-
change appears to indicate that invest
ments of foreign capitalists on this
side has ceased for the present, and
experienced bankers now discuss the
possibility of early exports of gold.
The actual exports of goods at New
York for three weeks past show
an increase of So per cent of
the same weeks of last year, but no
such increase is expected in the aggre-
gate. The treasury has taken in 3d.
100, 900 more than it has paid out dur
ing the week, slightly diminishing
| bank deposits.
The situation at Washington does
not promise any early action in regard
to the surplus, and even the bill au-
thoriZing purchases of bonds may be
delayed.
Domestic exchanges are but
slightly in favor of New York,
and the movement of money this way
seems to have ceased, with some ten
dency to outgo in the direction Of
| Boston.
At interior points the supply of
money is everywhere reported ample,
and collections are on the whole i'm
proving, especially in the northwest.
Trade in bread stuffs is hindered by
foreign uncertainties, which keep alive
hopes of war and higher prices.
Corn and oats have declined about
cent each, white meal has risen as
much, but is weak again.
No change is noticeable in hog pro-
ducts
Oil has risen about cents, while
cotton has weakened.
Sales abroad and the lack of domes-
tic demand weaken coffee, and in sugar
trade a Philadelphia house offers to
undersell the trust, and at Boston
there is rumor of a split, while from
San Francisco news comes of organ
lied opposition by Spreckles and 9th
erS.
The long depression in the price of
leather is not yet broken, and the boot
and shoe trade is reported satisfact-
DRY.
The dry goods market continues
fairly active for cotton, through print
cloths are a shade easier. The pros
pect of improvement is disturbed by
the renewal of the large auction sales
and a peremptory sale of silks is also
announced.
The business failures occurring
throughout the country during the last
seven days are, for the United States,
237; Canada. 33; total of 27O, as COM
pared with a total of 273 last week, and
2S9 the previous week. For the CORES
ponding week of last year, the fig
ures were 200, made up of 1876 in the
United States and % in Canada. For
the last four weeks the aggregate has
been 95l in the United States,
| against 996 last year and 154 in
| Canada against al.