Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-03-23
FINANCE AND TRADE
Dun & Go. Disturbed by Thoughts
Of the Morrow.
BUSINESS OF TODAY IS LARGE

Consumption and Production beyond
All Prccedont-Chenp Southern Iron
Demoralizes the NIarket-Dry Goods
buyers Cautious-DeadIy Dizziness in
stocks-1ho Monetary Situation.
New YORK, March 22.-R. G. Dun &
Co.'S weekly review of trade says
The business of today is large. But
signs are not entirely flatteriug as to
the business of tomorrow. Another
belatcd fragment of winter, which
would have been welcome i'll January
came Just in time to disturb trade Il lit
tie, but the volume of business is indis-
putably larger than i'll any previous
year at this season. The tonnage
shipped eastward by rail from Chicago
continues larger than ever. Railroad
earnings thus far reported for March
exceed those of any previous year.
.5:,uIs CIenrings.
Bank clcarings ut New York show q
gain over last year of 81 per cent. at
Boston and Philadelphia, and Chicago
o. IL per cent. and at all other cities Of
II per cent All the signs prove that
actual shrinkage of consumption is con-
iaed to II few lines only, principally
those affected directly by the absence
OF winter, but that in other branches
consumption is larger than ut any
former time. In some cases, as in iron,
the only difficulty or danger comes
from tho fact that consumption clearly
the largest ever known is probably sur
passed by a production far beyond all
records.
Record lIom every part of the country
represent trade rs fairly satisfactory.
Frees OF Iron.
Those who la5ored so long TO convince
themselves that prices OF iron and its
products must rise, in spite of the I'M
DreCedcnlcd output, now admit that
prices arc lower and the market I'M
settled and close on Generalization.
The offer, of southern iron are the
Obvious cause The fact of greatest sig
nilicancc repeatedly noted here has
5acn the slic!icning in demand for fin
isird products and some concessions
are now made in eastern market on
rails for biliets there are few sellers
ana no buyers and the bar mills are
running sior. OF orders. in general
consumption is larger than year ago,
but clearly shows reaction from the
great rush of last fall The coal mar.
kct is dcnioraliZcd.
Dry Goods.
In dry goods 4 prevailing feature is
the extreme caution OF buyers, except
from the south, which does 4 larger
business than ever, but the state OF
trade on the whole is not encouraging.
Another important failure comes at q
time when banks had begun to seek
commercial paper more freely. I'M
porters are rushing in goods in anticipa-
ton of change of tariff, but III dress
goods 1t is between seasons, III men S
wooden trade is limited and many mills
are not supplied with orders; and in
cottons. while sales are fair i'll volume,
the present high price of material affects
profits. Cotton has been steady. Wool
is dull AMI weaker, the very best Ohio
fleece commanding only So to 333i cents
at Boston and deiaines being neglected.
The Monetary Situation.
The monetary situation has changed
for the better more distinctly than any
other. the treasury having found means
TO pay out during the week 100000
more than it has taken in. The stock
market is affected with deadly dizziness.
To all appearance the outside public
now uses the market only for the pur-
pose OF selling when there is any rally.
The railroads are doing 4 large business,
but most stocks are so held aud SO man
aged that the public is not invit ed.
Failures during the last seven days:
For the United State 2ij for Canada,
10 Total. 2j3: compared with 260 last
week. For the corresponding week last
year the figures were 20 i'll the United
States and - in Canada.