Belmont chronicle. [volume] (St. Clairsville, Ohio) 1855-1973, 1889-11-28
WEEKLY TRADE REVIEW.
WHAT Gun & co. HAVE TO SAY
ABOUT THE COMMERCIAL WORLD.

ABOUT THE COMMERCIAL WORLD.
The Outlook Remains Favorable. Though
the Monetary Scarcity Has Depres-
sing Influence at Eome Points-Heavy
Exports of Dom ustic Products-The
Brazilian Revolution Has Had Sur
prisingly Little Influence in the Mar
ket.
New YORK. Nov. 23.-R. G. Dun &
Co.'S Weekly Review of Trade saws: The
Brazilian revolution has had surprisingly
little influence in the markets as yet.
Coffee is only an eighth higher for the
week, and the new government appears
to be SO generally sustained that appre-
hension of closing of ports or Interrupt
ton of trade has almost ceased. But 1t
is possible that the money markets were
indirectly affected to some extent
through Europe, where the uncertainty
continues The Bank of England lost
for the week 81 ,050. 600 and the Bank of
France $40. 200. Here money has been
scarce and dear at times, tight at Phlla-
delphia and decidedly close at Boston
Reports regarding the policy of the ad-
ministration about silver have been
assiduously used to create feeling OF
pistrust as to the financial future. and
in any case the near approach OF the first
session of a new congress would natural
" have an unsettling influence with
some. Under the circumstances the
money markets have been less disturbed
than might have been apprehended, and
1-ol,,D,a of husirass has NOT haan Dar-
ceptibly affected. Clearings continue
larger than year ago at New York by
IS per cent. for last week, at Boston,
Philadelphia and Chicago by 1-2 per
cent and at all points outside of New
York by 12 per cent.
HEAVY Exports of Domestic Products.
While the treasury has taken in for the
week 81 ,430, 900 more than it has paid
out, the heavy exports of domestic
products give strong assurance that the
money market will hardly be disturbed
by demands from abroad. The exports
and imports for the month thus far both
show an increase of about 13 per cent,
but as exports exceeded imports by S22,-
500. 900 in November of last year the
comparison is most satisfactory. The
marketing of crops and movement of
money from this city to pay for them
have produced an easier situation at
western and southern centers, and while
no change is reported at Chicago. and
money is active at per cent at Milwau-
kee is at other points reported distinc tly
easier or in ample supply for legitimate
business.
The great industries are making steady
progress. Though the sale of steel rails
at S35 reported last week was of small
quantity and to a speculator, and the
sales for next year have not yet reached
the quantity needed for renewals only.
yet the market is undesirably strong,
and pig and most forms of manufactured
iron and steel fully maintain previous
| quotations. The cotton manufacture
has been doing a steady business with
firm prices, and as to its prosperity evil
dence is afforded by dividends averaging
9.73 per cent. yearly on thirty-three Fall
River mills.
The Wooden Goods Business H
does not appear at Boston to be improv-
ing to any great extent, and it is not
definitely settled that no advance over
last years prices will be attempted, but
there has been more activity in the wool
market here, at Philadelphia and at Bos-
ton, sales at Boston reaching 5000. 900
! pounds. Montevido hides have sold at
the lowest price for thirty five years, but
more demand for leather is noticed at
Boston, especially for wax and kip.
Hardware is also selling well, and lum-
ber is in good demand. Rubber was dis
turbed at first by fears that the supply
would be cut off. but, with new para at
72 cents, the apprehension is disappear
ing.
| Wheat has risen three-eighths of a
cent, with sales of $4,000. 900 bushels
here, and corn only an eighth. with sales
of $500, 900 bushels. Cotton is un-
changed, with sales of 40S,000 bales;
weeks receipts exceed last years by
$4,000. and exports exceed last years
! by 80, 900 bales. Oats rose five-eighths
of cent and pork products are higher,
while with sales of 5000 bags, coffee
has held only one-eighth of cent of its
advance in price. The general course of
prices has been upward, however, the
advance since November l having aver
aged about l IA per cent. on all COM
modities. Bar silver has risen to A per
ounce, in part, perhaps, because of the
report that the administration will pro-
! pose issues of certificates against bullion
at market value in any amount that
may be deposited. but it is not clear that
this course, it 1t were proposed, would
suit those who have urged coinage with
out limit.
| Favorable Business Prospects.
| The accounts from other cities as to
| state of business are almost uniformly
! of the favorable character recently OBJ
served and embrace some items of espe-
cial interest. At Chicago the dressed
beef receipts are double those of last year,
and of provisions more than double.
while the dry goods trade still quotes
satisfactory results, with payments easy
in the country. The Minneapolis wheat
market is very active and the lumber cut
is put at 275, 100000 feet; trade is salts
| factory there and at st. Paul, with i'm
proving collections. Business is i'm
proving at Kansas City, especially in the
| holiday goods. Pittsburg notes still bet
ter prices for some forms of manufac-
tured iron, glass active and firm and
movement of 100000 bushels of coal
down the river. Philadelphia notes that,
though the clothing trade is still dull,
because of the weather accounts are gen.
orally In fair shape. In leather unusual
activity for the season is observed espe-
clally in morocco and goat SKINS In
the whole, the outlook remains favora-
bic, though for the present, .monotary
scarcity has depressing influence at
some eastern points.
Business Failures
throughout the country during the last
seven days as reported to R. 6. Dun &
Co., the mercantile agency, by telegraph
number for the United States 245 and for
Canada 80, or a total of 277 failures, as
compared with 265 last week and 267
the week previous to the last. For the
corresponding week of last year the
| figures were 266, representing 26O fail
ures in the United States and SO in the
Dominion of Canada.
JOHNSON INTERVIEWED.