The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1890-03-06
! RADe DISTURBED.
The Business of the Country Unmistak-
ably Depressed.

ably Depressed.
NEW YORK. March l.-R. G. Dun d
Co.'S weekly review of trade saws:
Onseasonable weather and growing
doubts about the monetary future do not
help business. and reports this week are
less encouraging. Yet it must be re-
membered that the reports of dealers
everywhere are liable to be much iuflu-
enced by disappointment of past hopes
SO that they consider trade unsatisfac-
tory because ii is not up to their expec-
tationS and because distributation does
not suffice to clear away stocks Dur
chaseu--tiough the amount of transac-
tons may bt- larger than a year ago To
the trader who bought 20 per cent. more
than ID any previous season. but has only
sold Per cent. more. business is unsatis-
factory. The enormous traffic during
the latter part Of last year showed that
exceptionally heavy purchases were
made. and the clearings indicate that
settlements are i'll larger amounts than
year ago. last week showing an increase
OF per cent AT New York. ) per cent
at Boston. Philadelphia and Chicago.
and ID per cent. at all other places. But
the prevailing tone now is one of dis
couragement. Collections are generally
reported fair
Philadelphia finds the iron market dull
for other than the best foundry grades.
and at Pittsburg iron is weaker Steel
rails are reported tirmer The woolen
manufacture, according to estimates of
competent houses, is running 10 to Is
per cent. behind last year in deliveries.
the large unsold stocks embarrassing
dealers and clothing manufacturers. and
the anxiety to sell goods leads to some
remarkable concessions by makers, but
there are of late no additional reports of
mills suspendinS production The weak
ness OF the wool market. particularly for
fleece and dalans, at all the chief cities,
plainly lndicates that manufacturers buv
only for present needs
The movement Of breadstutfs is still
heavy, and exports both of wheat and
corn greatly exceed last years.
In the stock market the tendency has
been toward further depression. as is
natural with money working more
closely, and the average has declined 81
cents per share for the week, not includ-
ing trust CT industrial stocks. which have
been especially depressed.
lhe desired monetary relief through
large treasury disbursements has not
come, and government receipts exceed
It's payments fer the week by -, ,9OO, 200.
On the other hand foreign markets are
relleved':- the bank of England has again
gained largely: exchange on London has
fallen from 4S6 to iS5 is for actual bust
ness. The recent movement of securi-
ties here is believed to have been out
ward, and exports Of products from New
ork show tor the past month an in
crease OF ! per cent over last wear.
against an increase Of 8 per cent in i'm
ports here. These figures indicate a
small excess of imports for the month,
and, on the whole. the chanre of gold
exports APPEARS remote. The interior
money markets also are rather easier on
the Whole anl we'll supplied. with seli-
orally iir'n rates, but no Indication of
large avaiaEA" surplus for shipments
hither. Cnti! April thc New York mar
kct is liable to work more closely. with
opportunity Tor jnanipulation
Business failures nccrrriny threr,rh-
ont the country during the last seven
days number for lt4o United States 35..
for Canada i. OF :; total of Sol against
2.1 last week. For the corresponding
week si la,t year tn" figures were lSs il,
the | n!trd StaIo> and ia in Canada.