Omaha daily bee., 1889-12-07
DUN'S REVIEW OF The WEEK
No Disturbance From the Lynn and
Boston Fires.
ENCOURAGED BY THE MESSAGE.
Money Plenty and the Demand Abat-
ing-A Falling or of Business
IN the West-Unscason able
Weather the Cause.
The Weeks Business.

New York. Dec. 6.-ISpecial Telegram
TO THE BEE. l-R. G. Dunn & Company's
weekly review of trade says No disturb
ance appears to have resulted as yet from
the Lynn aud Boston fires and the free offer
ings TO the treasury makes the monetary
prospect clearer. In all other respects the
events of the past week have but added to
the prevailing confidence III the future of
business and the opening of congress with
the annual message and reports have had a
decidedly encouraging influence. The
volume of money in circulation outside the
treasury is about Sll, 900, 900 larger than a
year ago and is more actively employed. In
the interior, however, there Is some signs of
abating demand and money is plenty at
Chicago with rates unchanged, comparative
ly easy at ST. Paul, in good supply at New
Orleans, fairly active at Milwaukee, the de-
mand being moderate at z per cent; in good
demand at Z to s at Detroit and at 6 to Z at
P~ittsburg, in brisk demand at Cleveland
where some banks are close but
others well supplied, still tight at Phila.
delphia, with 6 per cent stiff
and in sharper demand at Boston since the
fire, the supply being small at g to Z per cent.
TIE treasury has taken in during the week
Sl,6UO,0l0 more than it has disbursed. The
reports OF business Indicate some falling off
NJ tne west WHICH IL cOnSlucreu temporary Mt
Chicago and attributed to rain an6 unseason.
able weather at Milwaukee where dealers
appear apprehensive and collections are only
fair.
The same difficulty affects the clothing
trade at Cleveland and is called the cause of
depression in the commercial trade. But
nearly all reports indicate business is salts
factory.
Pittsburg notes an improved demand in
iron aud flint glass, window being I'M
God Tha nnNt 81 ~ ----. i.
dustries is especially significant. In spite of
an unprecedcnt supply of iron there seems to
be actually a scarcity at Philadelphia and
some sales of No, l at $40 for 1890 de-
livery are quoted here. Buyers hest
tate and sales are not large
but there is a strong undertone and at Pitts
burg an advance of 25c TO 81 per ton. Bar
iron is more irregular. and while rails are
stiftiy quoted at S35. no sales appear. But
one offer is reported by an eastern mill at
1874.
Dealers in wool are also more confident
and at Boston improved prices were realized
Tor comblng and delaiE.
The boot and shoe manufacture continues
remarkably prosperous.
Another large branch of industry which
has been doing exceptionally well 10 the
building trade, and well sustained markets
Tor all materials result, and especially for
lumber. structural iron, nails and glass.
The speculative markets for products have
been strong but not very active. The gen
eral tendency of prices is still upward. the
rise since November having averaged a of 1
per cent for all commodities. In the stock
market this was a serious depression
at the end of last weeks on Monday but since
that time there has been some recovery.
with considerable foreign buying. The low
est prices were nearly 81 per share below
those OF November 81, but about half of the
loss has been recovered ana the average is
still nearly. s. per share higher THAI a year
ago.
~,
The earnings of the railroads continue re-
markably large for November, exceeding
those Of last year by nearly 10 per cent.
Much of the past weeks depression was due
to fears of withdrawal of government de-
posits from the banks, but 1t is now plain
that no disturbance can result from the grad.
ual measures adopted.
The business failures number 3l6 as com
pared with q total of 2i9 last week. For the
corresponding week of last year the figures
were 3O5.