The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-01-03
THE STATE OF TRADE.

E. g. Dun & Co.'S Weekly Review of the Business
Situation Throughout the Country.
NEW YORK, Dec. 29.-R. G. Dun 81
Co.'S Review of Trade says:
Trade during the past week has been
undisturbed by the momentary press
ure of l per cent experienced near the
end of the year, and has on the whole
improved. The long foreshadowed
break in wheat speculation came, but
there has been some recovery. Sales
here have been but 10000, 900 bushels
for the week and it is still uncertain
whether prices have declined enough
to permit the large surplus the
country has on hand and the
enormous crops in Russian and Danu-
bian states where freight keep
European prices low and the constant
unloading of operators throughout
Europe who bought heavy when tho
crop scare prevailed.
Corn closed 1t cents lower; oats
cents lower; pork, % cents per pound
lower, while hogs rose % cents per 100
pounds.
Cotton was steady with sales for the
week of 10000 bales and coffee I'M
changed with 204, 600 bags sold.
A break in oil dropped the price 81
cents and refined also declined 10 cents
per IUU gallons.
No monetary pressure now forced
| liquidation throughout the country and
| the money makers are amply supplied,
| though a slight cloSenesS is noted at
| st. Paul and the frequency of failures
| causes uneaSinesS at Memphis. The
| treasury is still putting out more
money that it takes in-$l 200, 900 dur
| ing the past week; and the out go OF
| gold has ceased Tor the present, though
bank rates at London remain 3 per
| cent while money ON call at New
| York is quoted at A per cent.
The merchandise exports improve,
| those from New York for. December
exceeding last years by. 6 per cent.
| The excess OF exports over imports for
| November reached So. 1874 foE
| merchandise and S3,415,415 gold.
| Trade accounts from the interior are
| generally satisfactory.
| Z The iron, steel and coal trades at
| Piutsburg are dull, but the cold
| consin. have improved the situation.
| At Philadelphia the iron trade is
perplexed and uncertain. steel blooms
are unsettled and low, but rails and
manufactured iron look better Cop
| per and tin are unchanged. The syn
| dictate has been obliged to increase its
holdings of copper by several thou
| SaIlu LOIS anu bu0 SUCK Is HOW sup
| posed to be 100000 tons in Europe and
80 600 tons here held at S45, 100000 or
more.
Reports of railroad traffic show
| that the east bound ship
| ments last week were Ill 600
tons, the largest ever reported. against
| 81, 900 tons for the corresponding week
| last year. Earnings continue good.
The course OF stocks during the past
week has been decidedly favorable tO
holders. especially IN few of the more
active shares, and the general average
of prices is about a 81 90 per share
higher than at the opening last year
Prices of commodities on the Other
hand still tend downward having de
clined about Il per cent in Decembe
and about 81 since January l. The
year closes with general confidence
rather greater, indeed than the present
state of prices and rate of consumption
in some of the most important indus
tries appears to warrant.
The business failures number 800
against 81 last week and 303 the weei
previous, for the corresponding week O.
last year the figures were 362.