Evening capital. (Annapolis, Md.) 1884-1910, 1889-03-16
TIE WEEKS TRADE
Reviewed By R. G. Dun & Co.'s
New York Mercantile Agency.
NEaATIyE ooNDITIONs PREvAh

Business Is Stiu Comparatively 0uiet and
tile Events Of the Week Have Had No
Material Effect on Prices - Prospects
Improve I'm the Interior and coInmodi-
ties Decline.
NEW YORK, March l6.-R. G. Dun &
Co.'S weekly review of trade will say:
The past week has been free from excit-
ing events and the news has been mostly
negative. War with Germany has not
begun at Apia, the copper syndicate has
not been suddenly reconstructed, the
March report Of the agricultural de-
pariment does not foreshadow famine
in wheat. the new administration has
not suddenly disturbed the finance, and
the consent of Commissioner Walker to
serve as executive of the interstate as
ISOLATION has not lifted prices of stocks.
Business is still comparatively quiet, but
slowly improving, and the great strike
Of weavers at Fall River is not expected
TO last long enough to disturb trade.
The great fall in the prices of copper
from about ESQ to ESQ per ton at London,
appears to have come TO stay. Liquida-
ton IS q confessed necessity at Paris and
consumers in this country are looking for
much lower prices when contracts run
out IN June. While Boston stocks have
declined severely there are no signs of
disturbance there and rates for money
are comparatively easy. Prices at present
are nearly nominal with scarcely any
trading. Tin declined little and lead
was weaker. The meeting of coal carriers
on Monday reduced schedule prices 10 To
IL percent below those Of las spring, but
the prices current in the market are again
below the schedule and the market Is
weak.
The monthly report of iron furnaces
in blast, contrary TO general expectation,
shows a slight increase IN February, the
output reaching l49,775 tons weekly
March I. against about l0S, 800 last year.
The persistent overproduction has not
affected prices during the past week and
they remain unchanged, hut there are few
signs Of a disposition to buy beyond im-
mediate needs. While holders hope that
prices are at he'd rock, consumers urge
that the demand for finished product Is
scanty. The market for bar iron is pro-
nounced the poorest for many years.
The demand for car building and slzelp
iron has fallen off to almost nothing,
and while there is more demand for plate
iron and the movement of pipe is fair Tor
the season, structural iron is gloomy.
Nails show no improvement and are de-
morahzed, and steel rails are quoted at
S25.5O. Sales to March have been $780,
$50 tons and deliveries 1879 tons. and
makers decided not TO increase the all
lotments Pig producers at the east are
hoping for relief through lower rail rates
and cheaper coal and ore, and some
further reductions Of wages are an
nounccd.
The government report showing 49,
coo, 600 bushels OF wheat in farmers
hands is regarded by operators as an ar
gumcnt for low yer prices. With the visible
supply 80 ,000. 900 bushels, there is thus
IN sight about 81 100000 bushels more
than will be regarded for food and seed
until July / and there is besides large
stock on the Pacific coast lin country ele-
yators and in the hands of traders not
included in the visible supply, and prob
ably more than the ordinary stock of
-four on hand. the winter having been
open. When it is considered that the
ordinary stock of flour would probably
exceed so 100. GOO bushels of wheat and
that last years export of wheat and
flour March to July /, cover but 2S,-
600, 600 bushels, the prospect of scarcity
seems remote. The price has fallen 4
cents for the week with sales Of $4,000
600 bushels here.
Corn Il / cent lowerand oats a quarter.
Pork products are unchanged, but cotton
has again advanced shade, though re-
ceipts continue up To last years. No
change appears in coffee, and but frac-
ton in OIL though in the latter there was
Il break and partial recovery. Except in
wheat the speculative markets for pro-
ducts have been comparatively quiet.
The stock market has been weak and
prices have declined an average of 81 per
share. With considerable selling by for
eigners. perhaps occasioned in part by
fears of disturbance at Paris, there was
increased disbursement as TO railroad
prospects. The consent of Commissioner
Walker 10 manage the interstate asso-
citation does not outweigh the fact that
rates are again being cut and part of the
roads deemed essential 10 the success of
the plan have net yet aSSented. The
traffic returns continue fairly ahead of
last wears. However. and the root OF
The difficulty il still dissatisfaction of I'M
yestors with the manner in which COR
pOgations have been managed. While
foreign exchange Is = shade higher. no
large demand for money yet comes from
abroad and the officlss statements show
that exports of cotton, breadstuff. pro-
visions. cattle and oil exceeded in Feb
nary those Of last year by Z per cent,
amounting To S42.S1I .G5s. For the first
half Of March thcexpogts from New York
show an increase OF -. Z per cent. while
imports FOR the first week gained only
per emit.
The reports from the interior this week
almost uniformly indicate some improve
ment in business. though the complaint
of slow collections is about as general as
before At Philadelphia the caution of
dry ruoSls buyers, the scanty purchases
Of wool bv spinners and the hesitation of
iron consumers are especially noted, but
there is Improvement in leather, liquors,
groceries and cattle Money at all in
terror markets remains in ample supply,
while al Milwaukee, Detroit and few
...s..-,.. r,..s..ts s.,a,,rn1-clannt In the de.