The Palatka daily news. (Palatka, Fla.) 1884-1888, 1888-02-25
DULLBR THIS SEASON TEAM USUAL.
A LITTLE IMPROVEMENT AT A
FEW POINTS.
To the Natural Causes of Dizziness There
Is Added Uncertainty In Several
branches of business.

NEW YORK, February 24.-R. q. Dun
& Co. in their review of trade for the
week, state that both legitimate trade
| and speculation continue duller than is
usual at this season, though moderate
improvement in trade is noticed at Mem
phis, Charleston, Kansas City, and Mil
waukee, and in speculation there has
been little more activity in stock.
To she natural causes of dullness at
this season there is added quite an un-
usual 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 increases the uncertainty in the
iron business. The efforts to settle the
the new cuts cause much disturbance.
The sugar trust meets unexpected opposi-
tion, threatening its existence. The
operations of other syndicates or COM
binations, make it impossible to forecast
the future i'll many trades, and mean
while the uncertainty as to Congressional
action ON the tariff is in no degree les
sened. Within few days a sharp rise
i'll foreign exchange has also rendered
the future of the money market less
clear.
OUTLOOK FOR IRON.
The fact that the Reading strike but
| slightly affected the iron business became
| clear before work was resumed, and it is
now felt that, with the known shrinkage
in demand for iron, the resumption of
work by few furnaces would be likely
to insure lower prices. A sale of extra
| good forge for $15.S5 at the furnace is
| reported and competition to secure or
| ders for rails is still keen. Bar iron is
| quoted at $1.90, but car building contin-
ues unusually large. The Pennsylvania
| alone has placed orders for 1900 cars
and 20 locomotives. Eastern nail ma
kers have combined and prices stiffen
| little. The coke producers at Connells-
| vile have at last consented to reduce
| prices Is cents, which will help manu-
| facturers.
| The Gogebic mines consolidation has
collapsed, and orders for lake ore thus
far indicate heavy decrease in the de-
mand. The failure of Graft, Bennett &
| Co., of Pittsburg, produces no disturb
ance, but illustrates the overconfidence
| of last years expansion. The decision
against the barbed wire patents affects
1 annnarY,S hav af nnn
tons, but not actually producing 10000.
PRICES OF STOCKS.
Without wider demand for securi-
ties, the decrease in railroad building
must affect many branches of produc-
ton. The moderate improvement in the
stock market is therefore interesting,
| but as yet has scarcely lifted prices
above the level of February l. OF new
bonds issued this year, S54, 4,0OO,O0O are
for new roads, and nearly $4,000, 600
additional were listed last week, but
how many of these have found purchas-
ers no one knows. The quick advance
in foreign exchange appears to indicate
that investments of foreign capital on
this side have ceased for the present,
and experienced bankers now discuss
the possibility of early exports of gold.
CONDITION OF EXPORTS.
The actual exports of goods at New
York for three weeks past show an in.
crease of 30 per cent. over the same
weeks last year, but no such increase is
| expected in the aggregate
EXCHANGES.
Domestic exchanges are but slightly il
: favor of New York, and the movement
of money this way seems to have ceased
with some tendency to an outgo in tn,
direction of Boston.
: MONEY PLENTY.
: At interior points the supply of money
: is everywhere reported ample, and col
$ lections are on the whole improving, es
pecially in the Northwest.
BREADSTUFFs.
Trade in breadstutfs is hindered b,
foreign uncertainties. which keep aliv'
: the hopes of war and higher prices.
In the sugar trade a Philadelphi;
e house offers to undersell the trust, ant
e at Boston there is a rumor of a split
q while San Francisco news comes of OF
!, ganized opposition by Spreckles AM
: others.
: DRY GOODS.
$ The dry goods market continues fairi
e active for cotton, though print cloths ar
t shade better in the jobbiDg trade
!. growing activity is noticed. But il
n woolens the prospect of improvement
/. disturbed by a renewed of the large auC
!. ton sales, and a peremptory sale of silk
Il is also announced.
Il BUSINESS FAILURES.
The business failures occurrin
throughout the country during las
week number for the United States 23t
! Canada 40: total 270, against 273 las
week.