Clarksville evening tobacco leaf-chronicle. (Clarksville, Tenn.) 1890-1890, 1890-03-10
TRADE REVIEW
Not Materially Altered During
the Past Week.
The Monetary Situation More
Satisfactory.

tho Treasury During the Month of
February Over $40, 900, OOO--Efect OF
the Weather ON the Various Lines of
Business-Failures.
NEW YORK, March 10.--R G. Dun &
Company's weekly review of the state of
trade says:
The state of trade has not materially
altered during the past week, though
the change of weather has produced
much temporary improvement in some
lines, and in others trade is rather less
satisfactory than week ago. The
monetary situation is much more salts
factory, Notwithstanding the fact that
the cash held by the treasury is $780,,
600 more than last week, for rates ON
cali here have declined from to 3 l-2
per cent. and foreign exchange has
risen from $is5 1-S to S4.66 l-S.
The interior money markets are gen
orally steady, but on the whole rather
more easy At Boston there is still, and
is expected y be, some pressure until
April, but the feeling is better, and COM
mercial paper commands about per
cent At Philadelphia the situation is
substantially the same, but there appears
to be more stringency. Money is un-
changed at Chicago, fairly active at 9 to
at st. Louis, and at Pittsburg rather
abundant, though the demand is large
at Cleveland, easy at St Paul and
Omaha, in good demand at Detroit at !,
and steady at that rate at Milwaukee,
the demand at Kansas City being only
moderate. The decrease In actual circu-
lation outside the treasury in the month
Of February was $l0,276, 1858, and this,
with the further absorption this month
by the treasury, indicates less active
commercial demand.
The aspect of foreign trade does not
change, as exports at New York exceed
those of last year a little. while the inn
ports have not, of late, shown an in
crease. The volume Of domestic trade
appears well sustained, with, general en-
enlargement noted at Boston and st.
Paul. satisfactory distribution in all
seasonable lines at st. Louis, a good job
hing trade at Omaha, and building oper-
ations more than double those of last
year, though storms check retail trade;
quiet at Milwaukee and Kansas City,
aud at Chicago improvement over last
x
trade about equal to last years, and
clothing trade only fair in volume. Bos-
ton also notes improvement in clothing
ON western orders, liberal sales OF cot
tons and fair demand for leather, with
improvement in boots and shoes and
good trade in lumber.
The woolen manufacture does not ap-
pear to have changed much in condition
or prospects, though better sales of
heavy-weights are noted at Boston,
while lighter goods are quiet. Sales of
wool there are light, 2,585,600 pounds
for the week, with prices unchanged,
and it is thought bottom has been
touched, but prices are depressed at
Philadelphia. and the early expectation
of new and large supplies leads holders
to make concessions. In the iron trade,
also, the situation has not materially
improved, and at Pittshurg prices are
again lower. The window glass trade is
active, and one-fourth of a cent advance
in prices within three months has been
ordered, but flint glass works at Pitts
burg are curtailing productions,
The coal trade ID not better, and en-
tirely in buyers favor, while copper and
tin have been rather weaker and lead in
scanty supply and stronger Little can
be said of the market for breadstuffs, for,
notwithstanding spasm of activity one
day in wheat raising sales here for the
week TO 50,0G0,000 bushels, the price is
but one-fourth cent lower than a week
ago. Corn is unchanged, but oats one
and one-hal snts higher. The gen.
eral coIHa prices for commodities
has be ward, and the average adj
vance for the week has been nearly half
of | per cent, but the range is so low
that further movement in the same
direction before the coming of spring
would not be surprising.
The stock market has not changed
during the past week in any material
respect, the average of prices being sub
stantially the same, though there was
stronger tone ON Friday. The removal
of fears concerning possible exports of
gold, the rapid rise of foreign exchange,
the indications that purchases on foreign
account now exceed sales of securities,
all told to make the absorption of money
by the treasury less observed. II may
be added that the decrease in activity Of
trade throughout the country tends t.
release larger amounts of money than
have been expected to return to this
center at present.
But with bank reserves remarkably
narrow for the season. speculation for
an advance in stocks is checked by the
fear of artificial stringency in money, as
it is naturally also by the approach of
the season of open navigation without
satisfactory settlements among the trans
porting lines. The business failures
during the last seven days were 260, as
against total of 30l last week. For the
corresponding week of last year the fig
ures were 29l.