The World. [volume] (Martinsburg, W. Va.) 1891-1896, 1892-03-12
FINANCE And TRADE
All the Great Industries Active and
Money Abundant.
TRADE AT THE SOUTH GAINING

Notwithstanding the Low Price 81
Cotton Business IN That section
II Looking Up-.A Large Output ~
Iron, and ,hr Lowest Price ~
Record.
Nkw York. March ti.K. II Dunn
q Co.'S weekly review Of trade
says: the Distribution Of prUductsis nil.
questionably improving Transactions
are. ON the whole. larger than a yeafago,
in spite Of depression 1T the south. be
ing very much larger at the west Nor
is Improvement confined 10 that section.
Though general there. Il Il also more
distinctly felt IN the Eastern cities. naid
there are not wanting signs that trade at
the south. though still much enbar.
rassed by the low rate Of cotton, h
steadily gaining. with an the great In
dustries active, with money abundant
in spite OF gold exports, and withspec
latinn kept in wholesome check. The
outlook would seem 10 be unusually In
yorable, notwithstanding general com
| plants that prices ara low and margins
Of profit unusually small
A Large Iron output
The weekly output Of iron shows an in
crease. NO that March II was the largest
ever known, i02, 100 tons. against 1885,
! l30 last December, hitherto the maxi.
num- "A leading Lehigh producer has
reduced the prices 81 a ton this week,
/ making the lowest quotations on record.
Southern companies are trying 70 con-
4 solidate, and meanwhile No. Birming-
i ham Is offered deliverable at Troy for
j 1880. Rails are Inactive. bar Is dull
/ and plates weaker. In copper there Il
i an effort 70 consolidate or combine pro-
i ducers, us yer with uncertain results.
Trade III tin has been small and lead u
i duh.
The textile industries are improving
Il On the whole more machinery u busy
than year ago. especially IN cheviots.
overcoatings and cloakings, and the
dress goods trade has successfully closed
4 big season. In knit goods buyers hest.
in excess Of last year, sales IN February
showing Z big increase IN every depart.
ment.
Big Drop 10 Cotton.
h Speculation In food products Il weak
Il wheat being 2 "a cents lower, and corr
fourth, exports falling much below
! those vf recent weeks. Oats and porll
products are unchanged, oil three.
eighths higher, but coffee three-eighths
lower. A drop Of an eighth IN cotton
i puts the price down to 0.03 cents. the
lowest for more than forty years, and
receipts continue to exceed last years.
though this weeks exports faIl behind.
All exports from New York show 4 slel
crease for the month tins FAR Vf abOps
per cent 'rhe outgo uk kold does moi
! entirely cease, though sterling exchange
has declined to 4B7 IL. The stool,
market has been uniInportant, at times
noisily advancing la some stocks, Int
|, quietly losing activity. Though money
IL abundant rates on call have slightly
advanced, aud the market for CONNER
.:isi leans Is little stiifer IL nlUst east
rrtt cities
business Failures.
II The business failures throughout tn,
country during the last seven daysnum
her fur the united States go and fol
! Canada 26.a total Of 2,6 IA compared witt
240ilst week and 270 the week previous K
/ the Inst. For the corresponding week I,
/ Ilst year the figures were 27i
|
Ng.t1ae...,.s II :. I :. i Il.