The Wilmington daily Republican. (Wilmington, Del.) 1890-1902, 1892-02-13
FINANCE AND TRADE.
The Great Coal Carrying Comb
nation Absorbs Interest.
FEARS THAT PRICES MAY ADVANCE

Reports from Different Sections In
dicate General improvement in
Trade, Even the South Reporting
More Hopeful Prospect. Despite
the Dullness in Cotton.
New York, Feb. 13.-R. G.. Dun g
Co.'S weekly review of trade says: The
great combination of coal carriers and
the wild excitement and unprecedented
transactions in the stock market have
monopolized attention in Wall street.
Outside OF speculative circles there is
some doubt whether the effects will be
beneficial. Many apprehend that Tine
price of coal may be advanced to manu-
featuring establishments and other con-
snlners. On the other hand, the consol-
idated companies will have no more
power to control the price of coal than
they have had through their combina-
ton, and the MAJ Aet continues unusually
dull, the nominal price being not often
obtained. For the first time in many
months the exports of products from
New York fall little below those Of
the same week last year, but the ship
ments from other ports continue very
large.
Money is only too abundant, and has
been quoted on call at 2 l-2 and per
cent.
Iron Shows No Improvement.
The production of pig iron is about
stationary. The stocks of charcoal iron
are substantially unchanged but stocks
OF coke iron are considerably larger, SO
that ON the whole the consumption does
not appear quite up to the enormous
supply. NO change appears in the
market for pig iron, and rails are i'll
small demand ut the fixed price. Bar
iron docs not improve, and the demand
for plates is smaller than was expected.
Larger sales of copper are reported at
1915 cents, and fair distribution of
TIN, willie lead is tritle lower.
General Trade Encouraging.
Reports from the different cities indi-
cate 4 general improvement in trade. At
Boston trade is on the whole satisfac-
tory, the cotton mills are busy, and d
steady increase appears in orders for
woUlens and shoes. Trade is improving
at Hartford and Bridgeport. At Phila-
delphia the dry goods trade is quite en-
couraging and business in groceries
generally satisfactory. Prospects at
Baltimore are much brighter, with a
decided improvement in leather, shoes
! and harness. Jobbing trade is active in
/ Cincinnati, especially i'll provisions, and
! at Cleveland business compares favor
ably with last year.
! AT Chicago the volume of merchan-
disc sales is greater than a year ago,
while receipts of rye are double last
| years, and wheat and dressed beef four
times last years Trade at Milwaukee,
is good At st. Paul prospects are
brighter, and at Minneapolis business
has increased, rs also at Kansas City,
while trade is fair for the season at
Omaha and Denver. At St. Louis it is
also stronger, and there is much conf
dence as to the future, though the de-
preston i'll the cotton regions is still felt
Better accounts also come from the
south. At Louisville trade has i'm
| proved; at Nashville it is very fair; at
Memphis light, but improving, and ut
! Montgomery increasing. At New Or
leans business in all lines is only fair,
but there is slight improvement in cot
ton and sugar is firm and active, with
light receipts. Nearly all southern
| points report an easier money market
and more hopeful prospects.
Business Failures.
The business failures throughout tho
country during the last seven daysnum-
Der for the United States 235 and for
/ Canada Al a total of 27G, as compared with
3lg last week and 297 the,Week previous to
j the last. For the corresponding week of
last year the figures We're 297, repre-
senting zee failures in the United States
and 30 III the Dominion Of Canada.
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