Wichita eagle. [volume] (Wichita, Kan.) 1886-1890, 1889-03-09
DEPRESSED MARKETS.
A Somewhat Lower Tone Generally and a
Decrease In Demand.

NEW YORK, March 8-R G. Dun & Co. IS
weekly review of trade says: The failure
of an important iron establishment has
checked, at least for the moment, a feeling
of increasing confidence, which seems to
have been due less to any increase in de-
mand than to decrease in pressure to sell.
At Pittsburg prices were little better, and
at Philadelphia and New York more firm
without advance. But the reading failure
has SO changed the feeling that buyers are
likely to be conservative. In bar iron and
plate there is no improvements; rails are
unchanged: nails are weak and the market
for structural iron is slow. The coal mar
ket is also so respondent that a meeting of
companies is expected next Tuesday. it is
said, to reduce the schedule of prices. But
actual sales were reported about 80 cents
below the schedule already. The market
for bituminous coal is dull. The copper
syndicate is supposed to have been much
relieved by the consent of the American
mines to reduce their output from Is TO %
per cent. in February, however, the syn
dictate had TO take 10000 tons, while sales
lay of 100000 per month must
ultimately prove trying. The price Of cop
per has declined only to 15$4c for March,
but fluctuations at Boston were severe. In
tin there was not much change. Lead is
is inactive at So
Oil has risen fraction, but coffee has
been again advanced 1c to 19c, and the
mess pork SOC higher at Sl2. After declin-
ing sharply to 94$$4c. a fall Of &c. wheat rose
to 93c on thursday, but declined &c on
Friday. The decline was due to further
information of the large stocks remaining
in Dakota alone. according TO the latest
figures about II 600 bushels But on
Thursday there was quick advance.
Corn and oats have risen PC each, with
but moderate transactions. The price of
cotton has been maintained. Reports from
Cuba helped an advance of 3-16c in raw
sugar, but leather is again a shade weaker
for some grades and the tone of the wool
market is depressed by conservative de
mands of manufacturers and reports that
the spring clip is likely to show an increase
of 20 per cent.
The dry goods market has beer irregular.
Reports from interior towns generally
indicate improvement in volume of bust
ness and in the demand for money, which
IS still, however, in ample supply at nearly
all points FOR legitimate demands. Reports
of slow collections continue. The rate
of foreign exchange remains unaltered,
though money here has been rather dearer,
During the past week the treasury has tax
ed in only $500 600 more than it has dis
bursed and the outgo to the interior has
continued but Withdrawals for Europe do
not reappear as yet.
The stock market has been dull, irregu-
lar and somewhat depressed but transact
ions have been mainly confined to the trad
ers Oh the floor and the hope of success in
the Interstate compact still sus-
tain holders The general average of
prices for commodities has declined during
the week about third of per cent.
The business failures number PSI as
with total Of 232 last week aad
210 the week previous. For the cores
ponding week of last year the figures
were 253.