Springfield daily republic. [volume] (Springfield, O. [Ohio]) 1887-1888, 1888-04-14
puLlNsss in TRADE.
All Points Report Comparative Inactivity
in The Present, with Hopeful Anticipa-
tions. r. G. Dunn q Co.'S, Weekly
Business Review.

All Foints report comparative inactivity
in The Present, with Hopeful Anticipa-
tions. r. G. Dunn 3 Co.'S, Weekly
Business Review.
New YORK April AR. g. Dunn & Cos.
weekly review of trade will say: If dull
ness in trade were always bad sign, the
present outlook could not be called hope.
mi. At only one or two interior points is
the actual business transacted satisfactory
in volume; nearly all report comparative
inactivity III the present with hopeful au-
ticipations, though at several points con-
siderable Stacking OF trade is now noticed.
Money has become light at some western
and Southern points, the complaint of poor
collections being much more frequent. The
clearing house returns for the first week of
April, which included large deferred pay
ments as well as quarterly settlements
showed gain of per cent over last year,
outside of New York. But current trans
actions do not increase to that extent, il at
all. The inactivity has caused u yielding
in general prices notwithstanding slight
advance in some speculative markets.
The Government report showing injury
to wheat was the occasion OF sharp ad-
vance in breadstuffs, and wheat is still two
cents higher, though it has lost part of the
gain; and corn gains also, but oats closes
no higher than week ago. Chicago
"corner" in pork bled some short sellers
but prices quickly reacted Cotton is u
shade stronger, for though the crop already
in sight exceeds the entire crop of last
year, and the falsity of short crop estimates
Is proved.
Receipts are now falling off. Oil has
risen 81 cents; sugar has also gained q
fraction, but coffee is uncertain. and by
some shaded to secure trade, and teas are
slow and hesitating Butter is weak, eggs
lower, and beef does not improve.
In the dry goods trade there is only a
moderate business, with some cutting to
secure transactions. Print cloths have de-
clined to 81 cents, and the tone seems
weaker for cotton goods generally, except
for the most favored makes In woolens no
change appears. The boot and shoe trade
continues cheerful and the demand is
good, but prices realized are slightly lower.
Leather is quiet with a fair volume of
trade, and heavy sales Of selected South
American hides at 10 to 1910 are reported.
Rubber is very firm at 7Sc per para fine.
The report of iron furnaces in blast April
!, indicated slight increase since March
1st, the capacity of the few large furnaces
which have resumed exceeding that of the
more numerous furnaces which have ceased
production. But it is reported that a fur
ther decline this month is to be expected.
The demand is so far satisfactory that the
Thomas Company report sales as large as
last year to date and other Companies re-
port fairly liberal sales but the offering of
Southern iron at $l9 to $40 for No. 1, and
SIC to Si6.5o for No. 8, still disturbs the
trade. Sales of 10000 tons of steel rails at
the East and 10000 at the West, are report
ed at unchanged prices, but bar iron is low
and irregular on account of Western offer
ings; wire rods and wrought iron pipe are
lower, and nails are slow, the Western As
sociation having reduced rates for all below
$40.
The stock market stands precisely where
1t did 3 week ago. Large foreign purchases
of bonds are constantly coming out and
there are sign. that foreign buying exceeds
selling of stocks, but the ending of the
strike does not restore harmony among
western roads. Eastern trunk lines have
met without action, on the complaint that
export rates worked unfairly and suits are
commenced for unjust discrimination in
eastern dressed beef rates, based on the al
lowance TO the Grand Trunk. The treasury
has decidedly helped the money mar
ket the past week, paying out 81
500, 600 more than it has taken
in and foreign exchange is unalterei But
the exports for last month evidently
were much behind last year, the loss being
values of oil and cotton from ali principal
ports while imports from New York were
but per cent lower last month than for
the same month last year, and for the first
week of April show heavy increase.
Business failures during the last seven
days number for the United States 200,
Canada p; total 222, as compared with 227
last week and~ 175 for the corresponding
week of last yeNf.