Evening capital. (Annapolis, Md.) 1884-1910, 1889-04-06
STILL DOWNWARD.
The Tendency Of Prices to Reach
the Bottom Notch Continues.
MONEY IS EASY AT Low RATEs

$3.50 49,
Have Declined . Per Cent. since Jan. I.
NEW York, April 6.--R. G. Dun q
Co 5 weekly review Of trade says: The
cQurae Of events has not changed.
Prices continue to sink, though the vol
ume OF trade both domestic and for
eign continues large. Railroad earnings
show an increase of about Is per cent.
over last year for March so far as reports
have been received. and vet stocks are
lower and some have been sharply de-
pressed, though at later quotations par
tial recovery IS seen. Trade at interior
points is pronounced dull or quiet in
nearly all cases, though al Cleveland it
is fairly satisfactory and clearly larger
than last year; at Atlanta it is satisfac-
tory with spring business well sustained;
at Omaha it is considered good; ut Kan
sas City improving. and at st. Paul
trade in dry goods and clothing Is very
active. There is also some improve
ment noted at Detroit, particularly in
ship building, and lumber is firmer.
Philadelphia contracts larger building
operations than ever and real estate
transactions of S4,000,000 for March,
with dizziness in the drug, liquor,
tobacco, cattle, iron and coal trades,
though some activity is seen in struc-
turalison and better feeling in dry
goods. The money markets are easy
with light demand at nearly all points,
and collections though generally rather
backward, have improved somewhat at
Kansas City and Detroit, but have fallen
off &C Atlanta.
Wool has declined for nearly all quail
ties except New Mexican and Texas,
which are a shade stronger, the average
of 104 quotations Is 24.Sc. against 20. 1c.
March 1. But it is thought that the out
look is favorable for good demand when
the new clip appears, unless manufacture
ing should continue Improbable. De-
pressing influences are felt in the several
branches Of dry goods and clothing trade,
not the least being the accumulation of
stocks which the open winter left unsold.
The demand for woolens is very moder-
ate and orders for importation are re-
stricteds Cottons are duller and print
cloths weak at 3,S7c. for 6-4s. But raw
cotton is an eighth stronger, the export
demand continuing in excess Of last
years In the iron market more pressure
to realize Is seen here and at philadel-
phia, and southern iron is offered at SOC.
to 81 below the corresponding northern
grades. Bar iron remains very dull and
rails have sold moderately without left
ing Of prices. The allotment for the year
has been increased 300, 900 tons.
In the coal market no improvement
appears, and between the effects of an
open winter and the war between the
companies and the individual operators
who undersell at pleasure, the situation
is discouraging to those who are trying
TO maintain prices. The sales of copper
abroad at about Ell per ton withno news
of settlement between the syndicate and
producers causes stagnation here, and
while Lake is sold at 15l cents for April
the quotations for G.M.B. July is only
1905 cents. Oil has been comparatively
inactive and shade higher, but pork Is
90 cents lower. Pressure to sell abroad
and fear of monetary troubles growing
out Of the Paris difficulty have reduced
the price of coffee cent, though
stronger feeling was afterward seen. The
average prices of all commodities have
again declined over Of per cent, maxi
ing the fall since March fully per
cent. and since January over 3 per
cent.
The most important change Is the fall
OF g cents in wheat, which naturally
weakens as the dreams of expected FAM
inc give place to the realization of large
uns0ld stocks on hand. Reports from
growing and sowing regions continue to
foreshadow large yield this year, and
the demand from abroad, though better
since prices fell, IS not large enough to
promise clearing of the surplus stock
on hand. Corn has advanced iac., ex-
port demand continuing, and oats q frac-
ton. The favorable crop prospects,
though diskeartening to spectators,
tend strongly to sustain the confidence
Of those who look for improvement in az
branches of legitimate business. The
export business distinctly improves al
ready, and for the past five weeks the
value shipped from this port aggregates
81 .000, against S25, 901 900 for the
same weeks last year. Meanwhile. in
part because changes in treasury rulings
are expected, imports have of late been
a little smaller than last year.
The apprehension Of stringency with
money markets about April has now
passed, and the heavy liquidation in Sc
curifieN on foreign account causes as yet
no such withdrawal of foreign capital as
has been feared. Distrllst as 70 some
American securities does not yet seem to
have prevented continued investment Of
foreign money in other securities IN loans
Of many kinds and ia industrial enter
prises. The generally prevailing belief
that liz spite Of present low prices the
business IT the country IS to be on the
whole prosperous this year. and that
lsrs,n crops viii revive trade Of al kinds.
hiss its natural effect upon the minds of
those who ind no more promising field
for investment abroad. Secretary VIM
dom has made il clear that he viii not &c
present pay $i.o6 for At per cents. or pur-