The Russellville Democrat., 1890-06-19
THE WORLD OF COMMERCE

The Business Outlook of the Country aa Reflected In K. C. Dunn & Co.'S Weekly Report = Speculation Not Particularly Active, Hut Legitimate Business of Al most Unprecedented yolume--The Money
 Market Easy Busincss Failures, Etc.
 NEW YoRK, June 14 --R. c. Dun X Co. in their weekly report say:
 Speculation has been neither large in vol ume nor enthusiastic in tone during the past week, but thc legitimate business of the country continues unprecedented in volume for tho season, and hiRbls erc0tfaging in prospects. .ssftne.sgl the Treasury has takns. ,i. z.9)0.o Q moro money than t has djsbursed, and foreign exchange, appar emily because Of sales of American secur- lties ard siackraHR Of rNpJrts has nd vanced about cent during the week, the current rate for money on call has declined from to tia per cent There has boen quito . decline in exports fs.5sn Sew York for two weeks past tho yaine having been II per cent. below that of the same weeks last year, while In imports hore moderate increase continues last week 5 per cent fIut the flow of currency to this conter supplies demands and makes the market easy. and conf ience in cur reney expansion by Legislation is una bated. Interior cities report rather moro demand for money and at Boston rttos are
 
 at Philadelphia dull, not much commercial paper offering, but at most points the de- mand Is fair with sufficient supply Crop prospects begin to rule all markets at this season and these arc distinctly improving. Tho capacity of iron furnaces in blastJnne was is),T9S tons, against Is1,091 May l. and i37. tf9 year ago. It seems scarcely credi ble that tho actual consumption can be 3l per cent greater than a year ago and yet tho tone of the market is fairly confident, and docs not indicate material accumula- ton of stocks, Eastern makers arc said to have checked the incipient advance in prices, In order not to establish 6 market for southern and Western producers to un. load on. The demand for various forms Of and prices steady and sales of 10000 tons ot rails arc reported, with Ssi quoted at East ern mills. The wool market has been dull sales at Boston beina only I,540,o00 pounds and dealers there do not regard the outlook with confidence. Philadelphia and Chicago report, indicate that growers are holding for higher prices. But no improvement Is seen In woolen goods. though dress goods are in fair request hero and stocks of light weight cloths are small. Flannel mills are generally cutting down prodnc- tion. Reports from other cities show healthy state Of trade with clear signs of improvement where better
  Railway wars do not cease; on the contrary more cutting of east t-bound rates appears, and speculative managers arc suspected of willingness to see lower prices. + is but fair to remember that the competition of Canadian and lake lines Is felt with con stantly increasing severity, and until the interstate laws have been changed, appa- rently must be- Prices Of stocks have been weaker, though sugar trust has been put up again with reports Of large profits. The de- lay of the Senate finance committee in act ing upon sugar duties suggests some uncer- tainty, but Tn main the House Tariff bil) has been accepted by the committee and Is thought likely to be passed without Cyeat changes, Tho latest advices about silver Legislation suggests greater possibility that the two houses may disagree, the disposi- ton toward free coinage being strong in the Senate.
 Business failures throughout the country during tho last seven days nnmbered For the United States, l95; Canada, IT; total, PIP, compared with 2o5 last week. For the cor responding week of last year the figures were 226 in the United States and 2i in Can ada.