The Irish standard., 1894-03-03
TRADE STILL DULL
General Business Reported In Z
Condition Of Hesitation.
Available circulation Too Large for tn
Volume Of Rusiness--A slight Ina
pruvement Shown In Some Ri
Lines of Trade.
CAN'T USE THE MONEY.

New YORK, Feb 24.-R g. Dun Il
Co.'s weekly review OF trade says:
IA waiting condition OF business Is one in
which weekly fluctuations mean nothing.
Business of all kinds is .hesitating until more
can be determined about the future. and mean
while orders which will keep hands At
work for time are given and
accepted, this week increasing 40
In some others decreasing, without anordtng
reasonable indications of the future. Prices
are again greatly depressed, as low or lower
than ever having been made in wheat, sill
YER and some manufactured products, and
neither cotton, wool nor raw iron have
sdvanced The glutted money markets
continue to show that the volume Of
business Is still inadequate to employ the cir
culation available and the withdrawal OF about
100000, 900 from the New York market by the
sale of government bonds doessnot cause the
expected strengthening of rates. With gradu-
ally decreasing shipments OF merchandise TO
other countries foreign exchange rises and
some exports OF gold are expected
Domestic Trade Not Increasing.
1.-THE volume Of domestic trade does not seem
to increase In the clearing house payments
the decrease is 448 per cent for the week,
against 1913 for tho previous week and about
szb per cent. for the month thus far:
industrial changes have been few. but .
little better demand for some textile goods has
started more mills than have stopped There
is . better feeling in fancy cottons, though
some goods are q shade lower: Wooden
dress goods are steady with fair demand,
and though orders for heavy woolens
and worsteds are light, they ore little
better, some agents having made lair progress
encouragement Is felt by some in the calcula-
ton that clothiers have done about 60 per cent
of the usual spring business, while manufac.
turers have done about s21 per cent. so that
clothiers' stocks must % reduced.
Prices Of commodities now average about
Ia per cent higher than month ago. but H. z
per cent. lower than q year ago, and excepting
as they are now.
The Failure Record.
''The failures during the last week numbered
in the United States 2ss, against 1893 last year,
and in Canada 81. against 81 last year. Both In
number and in magnitude commercial disasters
have diminished, and in the first half OF Febru-
airy the ltabiit ties thus far reported OF all firms
failing amounted to only $3.50. 1888. of which
s. $40 e45 were of manufacturing and IA $50 .315
OF trading concerns The aggregate OF lfab1li-
ties was e49, 252 in the first two weeks OF Jan
uary."
As Seen by Bradstreet's.
Bradstreet's says:
1.-The most encouraging feature OF the week
ness has fallen of order business has increased
very largely. so that the total volume OF trans
actions in staple lines il fully equal to that of
one year ago
Boston reports material change in bust
ness, but improved collections decreased fear
Of failures and increased offerings of COM
mercial paper. Trade is quiet at Baltimore,
where there is decrease in the volume OF
sales. Wool is moving more freely at Pitts
burgh Buying at Philadelphia Is for imme-
dtate wants.
There ia fair demand for groceries, shoes
and dry goods at Cleveland. but at Cincinnati
transactions are limited to wants, activity
being noticeable in -four and provisions only.
Leading lines are dull at Detroit except for
groceries and drugs There are fair takings of
clothing, shoes and hardware from Chicago
tobbers. and the cold weather has slim
ulated interest. In coal ST Louis job
bers in dry goods are doing fair
business, but interest In hardware and furni-
ture has fallen of somewhat Trade at Kansas
City is fairly active, cold weather having slim
ulated the demand for seasonable goods.
Omaha, on the other hand, reports smaller
volume Of business, due to snow and storm.
Demand is only fair at Milwaukee, but collec-
tiOnS there are easier"