Morning journal and courier., 1890-03-15
WEEKLY REVIEW OF TRADE.

WEEKLY REVIEW OF TRADE.
 Large Volume of Business at Princi.
 pal Oitles-The Iron Trade -Larga
 Sales Of Rubber Goods-Encourasina
 Reports from Western Cisies-Busi.
 ness Failures for She Week.
 NEW YORK, March 14.-The weekly trade review of R. G. Dun & Co. of the Mercantile agency says: The volume of business con. tinues extraordinarily large at New York, clearings exceeding last years by 5per cent, at Boston by per cent, at Philadelphia by 16 per cent, at Chicago by F per cent. and ct all other points by 15 per cent.
 The weekly output. of iron furnaces in blast March was 18O,991 tons, against 174, o8S. January1 1 and 140. .776 year ago. With production exceeding that of year ago more than 20 per cent, and already at the rate of 2, 400, 900 yearly, the tone of the mar ket has been weaker and prices have again declined. A reduction of $1.5O in the price of Birmingham iron, SO that it Is now offered in eastern markets fifty cents below similar 1 iron from Pennsylvania, compells sellers to make conoessions. Rails are quoted half dollar lower and one lot is said to be for sale at $34. The demand for bar iron is better, but on the whole there is as yet lack of evidence that the country can consume at the rate 1t is now producing pig iron, and lower prices are apprehended.
 No change appears in the wool and wool ems trades, though treasury decision rais- ing the duty on ring waste checks another form of importation. At Philadelphia there | is little demand and some weakness. At Boston sales for the week have been larger than for some time past, 2,643, 900 pounds, | of which 2,561 ,000 were domestic, but the goods market does not improve.
 l In boots and shoes buyers are numerous and leather is steady, with fair demand. but hides are quret More sales are noted of rubber goods and the demand for building materials of all sorts continues large. Reports from other cities indicate some improvement in the volume of trade where change is noticed. l At Philadelphia dry goods are rather slug- gish, but there is more confidence in gro- ceries.
 At Chicago receipts of grain equal, and of meats and provisions largely exceed last years, while wool and hides fall short l though better demand for wool appears of late. Dry goods sales are below last year, but collections are average and the clothing trade fair.
 At St. Louis trade in winter goods has been improved by the weather, but southern distribution is impeded by the floods below.
 At Milwaukee and Cleveland trade has i'm proved somewhat.
 At Pittsburg the general business is good but weakness is felt in iron, and flint glass works are restricting output because of dull ness.
 At all points reporting any change in col- l lections they are more satisfactory, and the western money markets are all fairly sup- piled, though the demand is strong at Den- | yer, while money is tight at Philadelphia but easier at Boston.
 The business failures occurring throughout the country during the last seven days as re- ported to R. G. Dun & Go. and E. Russell & GG Q. the as1 @ agency number for the 242 as against total of 260 last week and 301 the week previous to the last. For the | corresponding week of last year the figures | were 261, representing 223 failures in the United States and 3S in the Dominion of Canada.
 THE FIFTY-FlRsT CONGRESS-. MT. Teller of Colonade Addresses the Senate In Support of the Blair Bill Resolutions on the Death Of Oon- gressman T0wnshend-work In the House.
 WASHINGTON, March 14.-The senate to. | day devoted two hours to the District of Co., ! lumbia bills
 Mir. Hale, iron. the committee on appro- priations, reported the urgent deficiency bill and said that he would call it up for action next Monday. The Blair educational bill was taken up at 2:15 as the unfinished business, 1 and MT. Teller addressed the senate in sup- port of it.
 He said that ten years ago he had commit- ted himself thoroughly to the principles of l he uo al &hok there had been great changes, which perhaps necessitated some changes in it. The rela- tions between the eolored people of the south were somewhat different today from what they had been years ago. He had intended to content himself with silent vote in favor of the bill, but the very remarkable charac. ter of the discussion of the last few days had induced him to express his opinion on the bill and on some questions connected with the debate. Referring to reconstruction measures, he declared that he had been one of those who advocated the extension of suf- frage to the colored people and he had no apologies to make for it. Nor was he willing to admit, on the contrary he denied, that it was @ mistake or . blunder.
 MT. Teller spoke at some length and at the conclusion of his remarks MT. George said he rose with much pleasure to acknowledge the good temper and good feeling manifested by MT. Teller. If all senators on both sides of the chamber were to bring to the solution of the question (f solution were possible) the charity and kindness end good feeling exhi- bIted by the senator from Colorado, a good deal of the trouble would be removed. The bill then went over without action.
 MT. Call gave written notice that he would on Monday move to modify certain rules aa to executive session, the object of the motion being to allow the consideration of the nomi- nations of Charles Swayne and Joseph N. Stripling as judge and district attorney tor the southern district of Florida, to be consid- cred in open exective session. He also asked to have the resolution which he had prepared to offer yesterday on the same subject read and printed but as there was objection by Mir Chandler he contented himself with having the resolution tabled.
 MT. Cullom presented resolutions relative to the death on March 9, 1889, of Represent. ative Townshend of Illinois, declaring that the senate shared with the house in its ex- pression of sorrow, and directing copies oi the resolutions to be forwarded to the family He pronounced 6 eulogium on the dead. After appropriate remarks by Messrs. Hale Jones and Vest the senate as further mark of respect adjourned.
 Mir. Perkins of Kansas stated. that an erro neous impression had gone out that accord | passed yesterday the Cherokee outlet hai
 been declared open to settlement under thu
 homestead laws. Under the provisions o the bill the Cherokee outlet was not open tt
 settlement. The statement should have beer that the public land slip, not the Cherokee
 outlet, had been opened to settlement.
 The house then went into committee of thu whole on the private calendar. The bill authorizing the president to retire General J. O. Fremont with the rank o
 major general was taken up.
 . MT. Kilgore of Texas offered an amend ment for the retirement of General Fremon ,, with the rank of brigadier general. After some discussion the amendment wa . rejected 7-116 and the bill was laid asid |, with favorable recommendation. These bills together with one appropria
 ting $16, 900 for the relief of the owners, off
 cers and crew of the British bark "Chance
 were subsequently reported to the house, bu no final action was taken.
 The usual Friday evening routine wa , somewhat enlivened tonight by discussion @E >E ~.-i1