The daily citizen. [volume] (Asheville, N.C.) 1889-1890, 1889-10-19
TRADE REVIEW.
Dun * CO.'S REPORT OF THE
CONRITION OF BUSINESS,
The Money Market Sill a Point OF
Anxiety, But the Bulk of Trade
Continues Large Wheat, Corn
and Oats Down.

/
New YORK, October 1S.-R. &. Dun &
Cos review of trade for the week SAYS:
As before, the money market is one
point of anxiety. Rates are higher, but
perhaps apprehension has somewhat les.
sencd, as the sensel"ss cry that the press.
ure was only manipulated has given place
to more rational understanding Of the
reality and consequent limitations of de
mand The country still calls for money
largely, but reports from nearly all i'll
terror centres of supply show that the
supply is considered ample for CONNER
cial needs.
The volume of trade continues large,
bank Clearings exceed last years, railroad
earnings are encouraging and eastbound
shipments tTa,a Chicago are heavy.
The iron trade is still healthy, Southern
furnaces seeming To have well sold off;
and, though an offer of high valley brand
No. at $3.50 is reported, the quota
ton for pig is Sl7 to SIS Bar iron is
not as firm as other forms, and the sur
priSngly heavy demand for plates and
structural forms is for steel rather than
IRON. Rails are quoted ut S3l 30, with
sales for the week of $500 tons. An
offer for 5000 tons of American iron to
be shipped to Scotland failed, because
IrcightS were too high.
The wool trade is still dull, and Will,
there is Il fair movement of dress goods.
and enlarged discounts have caused more
business in knit goods, the demand for
mems woolens is strictly moderate.
Cotton manufacturers are thriving and
The trade in goods satisfactory. print
cloths selling at 3l2c for 6ts. a further
decline of Unc-SXtecnth in raw cotton
helps, and sales here were 100000 bales
for the week. Receipts and exports both
continue to exceed last years largely.
The speculation for higher prices in
wheat has not been active. The last gov
crnmcnt report and heavy Northwestern
receipts, with scanty yeXports, combine to
dcprcSs prices. which have fallen 2lsc. for
the week, with sales of 81 900, 900 bush
clS against 20, 900, 900 last week, Friday
alone.
Corn has declined &C.. and oats 11sc.,
while pork products, though still suS-
tanned by the clique, are little lower.
Rio. Traders suspect a better knowledge
of the yield than has been forwarded
The coal business is better with cooler
weather, but by no means satisfactory.
The price OF raw sugar has again de
clincd lsr, and of refined iIc., and a cir
cularannounces the approaching opening
utlargc Spectaclcs refinery; but the fall in
sugar trust stock has been arrested by
an upward reaction.
The stock market rcsiStS tight money
stubborny, but has yielded at an aver
age Of 81 per share on active railroad
stocks, with some recovery, however,
ON Friday. 1t isthe theory of some west
ern managers that an advance in prices
Just before the meeting Of the Legislature
in granger States would be most unfort-
innate. But Il more generally controlling
influence is convection chat western com
petition threatens mischief, and is not re-
strained by the Interstate act or bv the
good sense of managers, while for the
present monetary uncertainties are also
felt.
Business failures during last week num-
Der for the United States lS2, Canada
Al.