The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-04-25
618 and $50
Commercial st.
STATE OF TRADE.

r. G. Dun 4 Co.'S. Weekly Review Of the Bust
ness Situation Throughout the Country
NEW YORK. April 19.-R. G. Dun's
weekly review of trade says:
Most of the indications usually consi-
dered of value point to genuine i'm
provement in business, rather in
volume of transactions than in profits.
Crop prospects are brighter and
steadier. The low prices is the result
of largely increased expenditures and
money is abundant. The treasury is
pouring out freely and there are no
signs of pressure from abroad. Rail-
road earnings are increased and pay
ments through banks easy. Failures
in some important branches of trade
are numerous and collections are gem
orally slower than usual.
The iron and lumber interests are
embarrassed by production largely ex-
ceeding the present demand. at Kan
sas City wet weather has affected
trade and collection, and at Pittsburg
the slow movement and weakness in
prices of iron steel products, glass and
coal affect business generally, but at
Cleveland more inquiry for iron ore is
reported and better feeling is mani
fest.
The wool market is waiting and the
old supply is nearly exhausted and new
wool being not as yet available in any
quantity, prices are mostly nominal,
but the average for some grades and
qualities are cent lower.
The classification for worsted goods
as wooden by the appraiser at Phila-
delphla has been endorsed by the board
OF appraisers, but it has no effect on
the market as yet.
The direct influence of the depression
in the iron and steel business is large.
but has a still greater moral influence
because on account of the impression
that the consumption of iron affords q
reliable barometer of the general con
dition of business. 1t is evident that
this impression must be modified in
some measure in times like these when
the consumption of rails has
declined enormously. Chicago publ
cation Of mileage of all roads projected
fails to stimulate iron manufacturers
who are well aware how many con
sumers are in the market to purchase
rails with bonds, not otherwise market
able, but when the quantity OF iron
made into rails is deducted, the remain
| ing consumption for all purposes this
year exceeds that Of last year by not
| far from 400. 600 tons per quarter, which
is surely mol u QIScOuTdSluS SyupGOl
Prices are low however.
The over production OF leather does
| not appear to be caused by any shrink
age in the demand for finished products
| since the shipments of boots and shoes
are larger than in any previous year but
| the depression in price which has now
| continued since 1880 and reached 3;
per cent is unprecedented as to dura
ton and the excess of production un
| doubleday begins to embarraSs many
/ firms.
| The cotton manufacture is progress
| ing fairly with a consumption a little
larger than in any previous yea
with PRINT cloths strong at 3.75 fol
sixty-fours.
Copper has fallen G34 at Londor
during the past week and the projec
! for future control of the markets doe
not vet materialize. Tin has also de
clined to 2O.S7 cents, but lead is strong
at 1857 cents.
Wheat is but shade lower and corr
| little higher than a week ago. Tn
rapid approach OF another haryes
with an unsold surplus IN excess OF al
probable demands which seems likel
to be not far from forty million bush
els July 1, is sufficient cause of de
preston in wheat. The genera
average of prices are shade lowe
than a week ago.
| Exports of merchandise improve an
for two weeks of April have been 20
per cent larger than last year.
The business failures number 246,
against 239 last week and 222 the wee
previous; for the corresponding wee
of last year the figures were 1876.