The Philipsburg mail. [volume] (Philipsburg, Mont.) 1887-current, 1890-03-27
DUN'S TRADE REVIEW.

AE
NEW ioBK, March 24.--R. 6. Dun &
Co.'S weekly re.'iew Of trade says:
The business OF to-day is large, but
signs are not entirely fattering as to the
business Q. tomorrow. Another be-
lated fragment OF winter, which would
have been welcome i'll January, came
Just III time TO disturb trade a little. but
the volume OF business is indisputably
larger than il any previous year at this
season. The tonnage shipped eastw ard
by rail from Chicago continues larger
than ever. Railroad earnings thus far
reported for March exceed those of any
previous year. Bank clearings at New
York show gain over last year of 8 II
per cent. at Boston, Philadelphia and
Chicago Of 12 per cent, and at all other
cities Of 1 per cent All the signs prove
that actual shrinkage OF consumption is
confined to few lines only, principally
these affected directly by the absence of
winter. but that in other branches con-
sumption is larger than any former time.
Il! some cases. as in iron. the only diff
Guilty OF danger comes from the fact that
e consumption clearly the largest ever
known is probably surpassed By a pro-
duction far beyond all records. Reports
frcm every part OF the country repre-
Sell, trade as fairly satisfactory. Those
who iaLored so long to convince them
selves that iron an'; its products must
rise, in spite of the unprecedented out
put. nos: admit that prices are lower,
am. the market unsettled and close on
decentralization. The offers Of Southern
IRON are the obvious causes. The fact OF
great significance, repeatedly noted
here. has been tie siackening i'll demand
for finished products, and some conces-
sirns are nnw n::s!:' i'll Eastern mar
kc.s ON rails. For 5illets there
are few seller; and no buyers,
and the bar mill: ;irt, running short OF
orders. In general. consumption is
larger than a year age but clearly shows
reaction from the gre:.t rush of last fail.
The coal market Is tlelnOrallzed. In dry
goods Il prevailing feature is the extreme
canton Of buyers. except from the
South, which does y larger business than
ever. but the state of trade Oh the Whole
is not encouraging. mother important
failure comes al Il time when banks mad
begun to seek commercial paper more
freely. Importers are rushing III goods
in anticipation Of change Of tariff, but
mems woolens trade is limited and many
mills are not supplied with orders: and
in ccttons. while sales are fair in volume,
the present high price Of material affects
profits. Cotton has been steady. Wool
is dull and weaker, the very best Ohio
fleece commanding only 3" to 80 1-2
cents at Boston and delaines being neg
lected. The monetary situation has
changed for the better more distinctly
than any other. the treasury having
found means to pay out during the week
81 coo. 900 more than it has taken III.
The stock market is afflicted with deadly
dullness. To all appearances, the out
side public now uses the market only for
the purpose of selling when there is any
rally. The railroads are doing a large
business, but most stocks are so held
and so managed that the public Is not
invited.
Business failures occurring through
out the country during the last seven
days number for the United States 215.
for Canada 40, or total of 200 against
26O last week. For the corresponding
week of last year the figures were 22O in
the United States and % i'll Canada.