The sea coast echo. [volume] (Bay Saint Louis, Miss.) 1892-current, 1893-04-29
TRADE REVIEW.

Inc Condition of the Commercial Inter.
ests OF the Country as Reflected by X.
u. Dun & Co.'s Weekly Review-The
Goid situation Having It's Effect on
speculation-GeneralT Trade Fair Except
where Retarded by Storms BUSINESS
Failures, Etc.
NEW YORK, April OR. G. Dun &
Co.'s weekly review of trade, issued this
morning, says:
Monetary doubts have overshadowed all
other influences at New York, but have not vet
greatly affected trade at most other points.
Ihus outside reports reflect conditions exist
Ing prior to the large shipments of gold while
tHe markets have been declining sharply. Re-
ports that the treasury will refuse gold for new
treasury notes as soon as the reserve Is re-
duced below S10o,000000 the rapid rise in the
rate of foreign exchange to the high
est point known for many years and
orders for shipment OF nearly 5000 900
gold on Saturday, part of it going to Canada,
led to much speculative liquidation. Stocks
nave declined over So per share this week.
Wnlle rates for money on call and for CONNER.
clal PAPER have not as yet been seriously af.
lected, few important failures one at Roch-
eSter and one in the coffee trade have added to
lh9 1eelng of uncertainty Wheat has fall on
"a cents, with sales OF 40, 900 600 bushels here
corn 2B cents, oil 24 cents, and coffee ~ cents
Wheat receipts 10000 600 bushels at western
points in four days, and Atlantic rorts 800 600
pushels. The stocks and receipts seem to have
broken the western corner and forced heavy
liquidation. The fail ure of large coffee house
mas been followed by much excitement and de.
cine. Pork products are somewhat lower,
though declining less than corn.
At Cincinnati the grocery trade is larger than
year ago and there is fair spring business in
clothing. The demand for dry goods at Indian
apolls Is good, but money is closer. Trade at
Detroit is good with collections slightly i'm.
proved and prospects for lake navigation very
favorable. At Chicago navigation opens with
heavy shipments and though weather retards
business its volume is fair and collections are
satisfactory Currency does not return as
was expected, and large sums are
tled up up fair and preparations so that
bankers are conservative. Receipts of cattle,
Dutter and barley increased moderately over
laSt year. At most northwestern points
weather checks trade and at Milwaukee tight.
ness or money causes apprehension and col
lections are SLOW At St. Paul trade is fair but
retarded by storms. At st. Louis there are
bright prospects of good trade for the season
IN all lines. At Denver trade is only fair and
at Salt Lake City quiet. Weather retards
| trade at Louisville Nashville, Knoxville and at
Little Rock trade is quiet At Omaha trade is
eooa IN hardware, and groceries and other
trades falr for the season. At st. Joseph trade
and collections are good. At Kansas City bust.
| ness is very quiet with largo receipts and
lower prices for cattle. Pig iron is q shade
hrmer for foundry, but bessemer is weaker AT
Pittsburgh and Birmingham. No 2 is offered
at9' Trade in bar is dull with the price as low
| as ever and cut to 1.6 cents in beams and
| channels is reported Collections throughout
the country are at most points slower than
usual.
The business failures during the past seven
days number, for the United States, 1885, Can.
ada, p; total POS, as compared with 200 las,
week and 223 the week previous to the last
For the corresponding week Of last year the
| figures were 253.