The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1888-12-06
DllN,s WEEKLY REylEW.
The 0utgo of Gold. Followed by Cheaper Prices II
all Branches.

The Outgo of Gold Followed by Cheaper Prices n
all Branches.
New YORK. Nov. 30.-R. G. Dun %
Co.'S weekly review of trade:
The outgo of gold and the situation
IN speculative markets cause lower
prices in almost every branch, but In
stocks some recovery has followed the
reports of new and important agree
ments between railroad managers; the
rise averaging about so cents per share
for the more active stocks, does not yet
appear to indicate change or tone.
Combination on an entirely new basis
for roads west of Chicago is proposed,
of which a vital feature is the entire
withdrawal of power to make freight
rates from subordinates. Indeed, the
clearing house scheme ii &C
cepted literally would virtually
take that power from the officers of
each road separately and the hearty
consent of all competing lines being
necessary, the reports that one or more
will refuse thus to surrender their
power seems to foreshadow the failure
of the plan.
/ cotton has much influence on trade
| At Kansas City trade is comparatively
quiet, and at Cleveland, Detroit and
| Milwaukee improvement is noted, with
more active demand for money. Col
lections do not improve at the south,
but seem fairly satisfactory at NEST
northern cities.
The dry goods market is more
healthy. As to cottons and with print
cloths strong at 8 and 4 cents, prices of
other goods appear to be stiffening:
No advance in prices of boots and
shoes is now expected.
The bread stuff market after sharp
| dournSSiOn has rar0VRrpH a littI0.
Wheat closes q lower; corn % lower
and oats have declined /; cotton is t
lower. The prevalent opinion is that
the crop will be not quite as large as
last year. Oil has changed little; cof-
fee has been marked up &c, while pork
is 25c per barrel lower. Lard 17c and
hogs 10c lower per 100 pounds.
II The uncertainty in the iron business
increases. Most furnaces are going
into blast and every furnace in the
Pittsburg district is in operation and
: the output larger than ever. Buyers
lock for lower prices. The rail market
is dull, and after sharp competition
between Pittsburg and Chicago an
order for 81, 600 tons was taken at less
than S26 at the mill It is stated, which
would be the lowest price on record
2 contrasting it with 1925 a year ago.
The combination has agreed that any
mill may sell any part of its product to
any other mill; pig and bar IRON are
both less firm in tone.
= The anthracite coal trade suffers
from recent over production. and it is
proposed TO work only three-fourths
1 time. The Monongahala mining ceased
December l, putting 5000 persons out
of work. The coke production is the
, largest on record. Lead is dull at SS 81
} and copper is weaker at $17.35 for No
Vember. and tin at $3.50.
The treasury has avoided any accu
mutation of funds.
The exports of merchandise from
: New York will be substantially thu
: same in November as in the same
3 month last year, with decrease OF TIVE
: per cent in imports.
7 The movement in securities is uncer
= tain. Thus far engagements for thu
3 export of gold have not been large TO
: the week. The continued outflow O
: gold i'll December, after generally sat
i isfsctory crops, would be regarded a
e significant.