The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-01-31
THE STATE OF TRADE.
3. G. Dun & Co.'S Weekly Review Of the Business
Situafinn Thrnn rhnns tia Gnuntrz


B. G. Dun Co.'S Weekly Review Of the Business
Situation Throughout the Country.
NEW YORK, Jan. pr. s.. Dun &
Co.'S Review of Trade says:
The state OF trade is unusually per-
picking for with the general complaint
of dullness there are evidences that the
volume of transactions is large. The
payments through banks last week
were % per cent larger than for the
corresponding week last year at New
York and Is per cent larger at ali other
cities. The demand for money is suf-
ficiently active at nearly all interior
points moreover to indicate that a
large business is in progress. Yet it is
undeniable the the prevailing
temper is one of disappointment at the
results of business since the New
Year began and this is not wholly ex-
planned by the steadily declining
prices of products. At southern points
after some depression trade appears TO
be improving. In the northwest, trade
is fully equal to that of last year and
at some points clearly larger. The
supply of money seems to be every
where ample for legitimate demand.
There are no indications of general I'M
soundnesS or over straining of CONNER
cial credits. In the great iron indus
try, consumption for all other than
railroad purposes appears to be
larger than ever, but there Is
serious disturbance. in consequence
the Iron Age reports general weak
ening which there is no use in blinking
at" and holds that furnaces which
cannot face without serious loss q de-
cline of fully 81 from present prices
| may wisely suspend production. At
western points southern iron is offered
at prices equivalent TO Sl2 at Birming-
ham. which is considered equal to SIT
for Pennsylvania iron and large sales
| are reported at prices below published
quotations.
| a decline in the price of coke is con-
| sldered probable, and the anthracite
I coal market continues weak.
| The decline in wheat continues, the
price having fallen SIS cents for the
week. as the prices reached this week
! % 12 to 90 7-S cents there has been
some buying for export, though not as
yet for Great Britain.
Corn has fallen cent and oats are
lower.
Pork products have also declined,
mess about 30 cents per barrel, lard 20
and hogs 10 cents per hundred pounds.
Cotton is shade lower with sales of
42l 900 bales and coffee 3-S higher with
sales of 233, 900 bags.
The market for copper has been oull
and tin is lower at u cents, lead is al
| so weak at $50, but smelter is quoted at
| 5 cents.
There is little activity in groceries
but the sugar market favoTs holders.
| The general average of price has fallen
| ! of one per cent for the week. The
supply of money here increases, both
by remittances from the interior. and
by excess of treasury disbursement
over receipts, which reached 81 ,700, 900
for the week.
The exports of merchandise from
New York show gain of IL per cent
for three weeks.
The stock market is nevertheless
firmly sustained that the average de-
cline in prices has been only 60 cents
per S100 for the week.
The business failures number 342,
against total of 3S7 last week, and 81
the week previous. For the cores
ponding week of last year the figures
were 269.