The Emporia weekly news. [volume] (Emporia, Kan.) 1881-1889, 1889-05-02
618 and $40
Commercial St.
STATE OF TRADE.

NEW YORK. April 26-R. G.. Dun
& Co.'S weekly review of trade says:
Business in this region is so inter
rupted by centennial preparations and
the approaching holidays that the de-
crease in volume is not surprising. Re
ports from other quarters indicate a
continued improvement and even in
the iron and wooden branches the signs
for the present are more favorable.
Money is acumulating here and plenty
att nearly all interior points, and col
IecSions are generally better, though
no Improvement is seen at Milwaukee,
and while the general complaint is
that the present demand for money is
but modest, the confidence that bust
ness will soon expand is as strong rs
ever.
The iron market continues unsatis-
factory here and southern No. is sold
at SI6.75 and sale of steel rails at less
than q at the mill is reported, but the
feeling at Philadelphia is clearly i'm
proved. The demand for plate and
tank iron and sheet iron being fair
while there is a decided improvement
in structural iron and in nails. The
market for bar iron is more steady. 1t
is not yet clear that the consumption
will sustain the present large output
| of pig iron and prices DO not
In the wool market also better
| feeling is noted.
! In drugs and chemicals, also another
trade which has been very dull, dis
tinct improvement is observed at
Philadelphia, with collections in better
shape and prospects higher.
In most of the speculative markets,
prices are lower and that fact also
gives promise of larger and freel
| trade.
| Wheat is 2 cents lower at 63c, will
sales of 40. SOC, 600 bushels for the week
| Corn IS lower at 42s and oats at IL
| lower.
Coffee has not changed but specula
ton in sugar has turned downward
There is no change of consequence IL
pork products and oil Is Fraction
| stronger, but leather is again half {
| cent lower, butter cents and cheese ,
cent lower. Flour has declined fol
| some grades 90 to 20 cents per barrel.
Speculation in cotton is still stronf
and the price is an / higher, with sale:
here of 3S6, 900 bales and exports con
| tinuing very large. In consequence
mainly of the enormous cotton move
/ ment the value of exports in March ex
ceeded the value of merchandise i'm
ports by s., 1888 1926.
The net reports of gold S3,712 %
for the month to about 81 900, 600 of sill
yer made about 81, 500, 600 paid abroad
against interest due and undervalua
/ tions. For three months the net eX
ports of merchandise and specie rep
resented about half the estimated in
terest and undervaluatiOns. These
figures show that in spite OF mucl
weakness in speculative stocks the
J foreign investments still exceed with
drawals of foreign capital and of lat
the demand for railroad and othel
bonds has been exceptionally strong.
IN European markets the genera
tendency of prices is upward. Since
April LIST the fall in the average price:
of all commodities here has been full!
half of cent.
The dry goods business in other cite
J isfairly on level with last year ant
prices are well maintained. 1t is goot
sign that collections in this brancl
seem to be generally improved. Th
grocery trade has also been more &C
/ tive.
No sales of lake copper are reporte'
here but London prices are still lower
i while tin is stronger. The demand 10
! lead seems to be supplied for the pres
; ent and So, SO is the latest quotation.
! While the number of failures ha
S been very large thus far this year ther
is not the sense of uneaslness whIc
. would usually attend. The bushes
failures number 213 as compared Wit
1 a total of 246 last week and 239 tn
week previous. For the correspondent
! week last year the figures were 223.