The Globe-republican., 1890-02-05
ouMs REPORT.


| The Weekly Renew Not ~ Satisfactory ~.
Might Be-Activity In Building.
| NEW YORK. Feb. 1.-R. G. Dun & Co. s.
weekly review says: The closing Of one
| considerable bank and two smaller ones,
tends to impair public condolences: in
other respects the news is less favorable
! this week, The financial depression at
London doesn't abate, and there are re-
ports OF heavy Withdrawals of gold for
! South America or France. Foreign ex-
change here has risen from 81. S6st to
S4.S754. The sales of bonds have been
small, and the treasury has taken in
nearly 81, 2OO, 900 moro cash than it has
paid out. Hardness of collections at
various interior points causes more COM
plaint and the unseasonably mild
of trade.
The exports for December proved
much larger than had been expected,
with an excess of So, OOO. 900 over i'm
ports. The exports in January from
New York have been smaller than last
year by sly per cent Money at New
York is abundant and cheap on call, and
demand for commercial paper is new
strong here, and at Philadelphia the ex
change is about same: at Cleveland and
Milwaukee the market is fairly active
with ample supply, and at st. Louis.
fair and good demand. and other West
ern points fair and easy demand.
The later indications Of business &C
tivity are not quite SO satisfactory as
would be wished. A heavy movement
followed the cold days at Boston, but
wool sales were only 100000 pounds
with depressed market. Goods do not
improve.
An unexpected demand has raised do
mestic hides A@ISc, but foreign was
dull. Leather is selling more freely.
Philadelphia notes few sales of wool.
At Chicago dealings In grain and meats
are large. but in dry goods somewhat
less for the past two weeks. and the shoe
trade shrinks little. Distribution has
been fair at st. Louis. Omaha and Kan
sas City, very fair at Detroit, but dull at.
Cleveland, and depressed again by
weather at Milwaukee.
From the reports telegraphed it may
be inferred that trade since the new
year began has not answered expecta-
tions. and there are some signs that the
mild weather is not solely to blame. In
the iron business the mills are fully en-
ployed at Cleveland. but sellers make
better offers at Pittsburgh and some re-
auctions occurred, and at Philadelphia
large lots which have been Hypothetical
have been sold at some concessions,
frightening timid buyers. The indica-
tionS are that excess of production be-
gins to be felt In the dry goods trade
the signs noted at Boston, Philadelphia
and Chicago are seen here and at other
points. The coal trade also continues
much depressed, as to anthracite. though
bituminOus is active at fair prices.
The unsurpassed activity in building
has made materials strong and active.
Wheat is &c lower with sales at 20,000,
600 bushels: corn, llsc lower. Cot
ton is held by speculation, but.
sales for the week were over
1000. 900 bales, and coffee is
unchanged, but oil and pork products.
are dull. In the stock market for the
past week the average shows slight.
advance over last week and the report
Of earnings from all roads good.
The business failures are 29l. as,
against 33S last week. For the CORE
spending week of last year tho figures
,raro l.(J