The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-02-21
THE STATE OF TRADE.

The Condition Of Trade for the Past Week Rspor
ted BY B. 9. Dun & Co.
NEW YORK, Feb. 15.-R. R. Dun's
& Co.'S. weekly review says:
Actual improvement In business con.
tinues. The upward movement in
prices which was noticed last week has
not been sustained. The general aver
age for commodities being about half
Of one per cent lower than a week ago.
The output of pig iron has diminished
The furnaces in blast February !, were
producing 147, III tons weekly, against
1870 January l, decline of 81 per
cent. The rail business is stagnant
again, only three mills out of fourteen
now running. The plate and tank iron
trade is dull and in structural iron the
business is slow. There is cutting in
sales of pig iron by some northern as
well as southern furnaces and pur-
chases are generally confined to imme-
diate needs.
The coal trade is depressed by over
production and cutting of rates. The
copper market has been weaker abroad
and conflicting rumors about the re-
fusals of American mines to contract
with tue syndicate are current. Sales
of lead have reached !, 400 tons with
prices declining to $3.50. The tin mar
ket is demoraliZed with sales at $2l. rs.
Wheat has advanced 1c for the week,
Atlantic exports were, in five weeks
ending February 2, only 242, 453 bushels
against 174.333 last year and OF -four
$50, $50 barrels against 1,032, 352 last
year. This, compared with exports of
10.115, 1886 bushels of corn during the
same weeks against 11.728, 567 last
vaors a tho f0ToiOT frSda has
been affected by the speculation which
holds prices of wheat at Chicago far
above prices at the sea board. Corn
has advanced but a cent with sales Of
81 .O0O, 900 bushels and oats are I'M
changed.
Oil speculation has lifted the price
At cents with sales of 5000, 600 barrels
here. Cotton with sales of 375 900
bales and coffee with gales of POT COO
bags has declined an eighth and pork
is half dollar lower with lard 27& cents
lower per 100 pounds.
The dry goods operations as in other
branches of business are to some extent
retarded by the close scrutiny of credits
which the slowDess of collections in
many quarters prompts but the reports
from the interior in that respect are
this week more favorable than before.
Clearings through banks last week
were 1916 larger imam year ago. OUT
side of New York only seven cities re-
porting any decrease, of which San
Francisco, Minneapolis and st. Paul
were the most important.
The stock market has been stronger
on a recovering of short sales but more
discriminating II its temper than usual.
Most of the granger roads are weaker
and the failure to get the presidents
agreement signed by all the companies
has depressing influence. Evidence
that an agreement is actually evaded
are accommodating and the Baltimore
receipts of corn are especially noticed.
The exports of merchandise have been
larger and show large increase.
The money market has been easy,
rates on call declining from 23 to II per
cent. and the treasury has disbursed
during the week 81 200 900 more than
it has taken in, but the decrease In Cir
culation of silver continues.
The business failures number 2S9, as
compared with 303 last week. and 1872
the week previous. The report for the
corresponding week of last year the
failures figured up 27S.