The morning call., 1894-03-24
Duu's Weekly Review.

New YORK. March 23.-R. G. Dun Co.'s
weekly review Of trade will say: 1t is perplex.
ing TO be obliged to report that business grows
larger in volume. and at the same time not IN ore
profitable. Uncertainty does not diminish, but
has rather increased, in the judgment of many
commercial bodies which have urged the Pr esi-
dent TO veto the seigniorage bill. Prices OF com
mereiai securities do not rise. but are on the
whole about 10 per cent lower than last week
though then the lowest known in this country,
aud l2.9 per cent lower than year ago,
METAL MARKET
More mills are at work, though the proportion
NTH to a third In different branches OF industry
and many mills are stopping because their orders
have run out. while larger number are starting
with orders enough for time. The starting OF
four furnaces by the Illinois eel Company and
one other at Pittsburg increases the output OF
iron, and some large sales have been made at the
lowest prices yet reported with indications of a
continued demand for structural work. and espe-
cially at the West; while on the other hand the
demand for wire OF various forms which led the
way TO Improvement, seems TO sacken, aud mails
are said TO be selling lower than ever below /
cent a reduction OF 90 cents ia freights from
Pittsburg TO tideWater only adds To Western
while It taEss from Eastern business In minor
pense of q further decline TO 80 cents for Lake
Copper while Thu is STEADY and Lead shade
higher.
THE OUTLOOK FOR DRY GOODS.
The demand for cotton goods is fairly large but
with reduction of prices of some grades and the
aocumuat on OF prlut clohs continues larqe
auction sale OF silks brought ftirly sttisIactory
prices. Sales OF wool for three weeks have ex
eeeded last years 23.9 per cent, tnOuga trans
actions this month last year about 40 per
cent below the average. There is more dema q
for such wool as is eeded in manufacture OF un-
derwesr. dress goods and worsted itlngs but
hne heeces are almost unSB able. ohio being
quoted at - cents and carpet manufacturers buy
spIringly. though about half their machinery is
active.
Late in the day the skies Frightened ana the de-
mand so improved with the jobbing trade that the
sales exceeded the expectations. With commits
sion merchants and manufacturers there was a
good req uest for minor assOrtments of miscel.
laneOus description The mail aud Pouof1ce
order demands were better and conn rised good Sc
leotions OF sold color and figured silks. wool and
wOrsted dress goods, printed fabrics. caIIc oes
colored cottons, camDrics, white goods, quilts
and other seasonable stuff. The market reflects
FARM PRODUCTS.
Wheat, cotton and pork have declined little
wheat making another record, shade below 80
cents AZ New York. Western receipts are 1885,
379 bushels against 2.545.7O9 last year. and ex-
ports only 1.Ol3,2O9 bushels AGAINST 1895. .Se4
last year. showing that even at current prices the
grain is not largely wanted abroad.
Corn was q cent stronger Witt Western receipts
OF 2.S74,o9S bushels against l. 9b3, ,362 last year.
than last year TO the disgust OF prophets who
have told OF perpendicular drops" since
Brazil opens up trade IN coffee which is reported
very large. but prices are as yet steady
Catto are low abroad. almost beyond precc-
dents. The exports are retarded.
FAILURES
Failures for the week ending March 10 involved
liabilities Of only $2,55SSiS, and for the two
weeks of March only S4.ss6, ITO. OF which $2.-
220,267 was OF manufacturing and 50 500 Oe9 of
trading concerns Some deferred reports will
further swell tue aggregate but at San Francisco
the assumptions reported now exceed the fail
ures. number OF railroad receiveIships are
noticed. though none of importance. The faIl-
ures this week number 244 In the United states
against 2l7 last year and so in Canada against 26
last year 1t is noteworthy that Canadian fail ur es
are Considerably increasing