Morning journal and courier. [volume] (New Haven [Conn.]) 1848-1894, 1890-02-08
WEEKLY REVIEW OF TRADE.

WEHAAx REVIEW OF TRADE
Tho Situation I'm Business Appears
PeFplexlng-Money Accumulases In
New YOrk-Buslness OF Interior Cities
Retarded BIZ Unseasonable weather
Iron weaker as Pittsburg-Prlces 81
Wool Lower-The Breadstuns Mar
kst Weaker - Coffee Steady - Tho
Weeks Failures.
NEW YORK. Feb.7.-The weekly review of
trade, issued by R. q. Dnn & Co.of the mercan-
tile agency, says: It rarely happens that the
situation in business is as perplexipg as it
now appears. With many causes of appre-
hension removed there is still lack, of ex-
peoted activity, and Notwithstanding percep-
tible improvement here within the past few
days, the general tenor of reports is less en-
couraging. Yet in every quarter there is
seen strong confidence in the future of BUSH
ness, and such reaction as appears is gener-
ally believed to be temporary. The monetary
prospect has clearly improved. Domestic
money markets are generally growing easier,
with moderate or fair demand. Some dis
turbance on account of wool failures at Phil
adelphia is about the only local movement
report of an adverse nature. Collections
also are average or fair at nearly all points
and definitely improved at several, good at
Chicago in dry goods and boots and shoes,
more satisfactory at St. Louis, mentioned as
slow in fewer lines at Philadelphia, but still
below expectations at Milwaukee,. Money
accumu1ates, notwithstanding the treasury
has taken in 81, OOO, 900 during the week more
than it has paid out.
The volume of new business in progress
seems to be less accurately reflected than
usual by the payments through banks, which
includes settlements on transactions Of
months ago. The clearings outside New
York last week showeds gain of 80 per
cent. over last year, and in January gain of
1913 per cent; but in few branches of trade
there has been no considerable increase in
new transactions. The building trades are
indeed more active than ever before at this
season and the interior grain movement is
large, but there is but little increase or some
decrease compared with last year in impor-
tant manufactures as respects actual sales
since January.
At almost all interior cities the unseason.
able weather still retards many kinds of
trade, though Philadelphia reports more
activity in drygoods and in lumber and other
building materials, Chicago large increase
over last year in grain and provisions, but q
decrease of the per cent. in wool receipts
owing to the Snow blockade, smaller sales of
drygoods and about equal sales of boots and
BuO6b. SlotoAhuu 4CpO4Io q A0AE0A SA0N0 VIZ
the whole than . year ago, but at st. Louis
trade is slightly restricted, at Ramsay City
only average, at st. Paul and Minneapolis
somewhat improved but at most other points
only fair for the season. The larger branches
of industry do not for the moment show en-
tirely encouraging results.
Iron is Enthusiastically weaker at Pittsburg
and here offerings below current prices con-
tinue and while the steadiness at Philadel-
phia is considered hopeful, the business in
bar iron is there pronounced Extremely
dull" in plates every dull" in structural
iron new business comes very slowly in nails
there is not much doing at present and in
steel rails only two or three moderate sales
are reported. The decline In England from
Cos I'd, to 54s Cd for Scoth pig has some in
fuence here.
In wool Boston sales for the week have
been 1,800.00O pounds and prices of almost
all domestic woods are lower, while at
Philadelphia the trade is extraordinarily dull
in part because of failures this week. Many
manufacturers, including some of the strong
est, are seriously considering the propriety
of shutting mills for time that the -aceeu-
mutation of unsold goods In dealers hands
may be reduced. The cotton manufacture ID
well up to last year in production but with
out material increase. ---------
The market for breadstufs has been weak
or because exports have fallen off in -four
even below last years figures, though not
in wheat or corn. Wheat has declined a
quarter, corn three-fourth and oats three
eights of cent with moderate trading. Cot
ton is q sixteenth higher in spite of consid-
cradle decrease in exports this week and
sales were Sic, 900 bales speculation being
rampant. Oil has risen two cents and hog
products are shade stronger, but sales of
sugar by Spreckles' agent below the trust
prices are noted at Boston and the price