Owingsville outlook. [volume] (Owingsville, Ky.) 1879-192?, 1896-04-02
TRADE REVIEW.
Dun a Co.'s Report OF the business of the
Country the Past Week.

Dun Co.'s Report of the business of the
Country the Past Week.
NEW YORK, March 2s-R. q. Dun &
Co, SAYS Saturday in their weekly re-
view of trade:
The returns of failures are somewhat
disappointing. Several of magnitude
were mentioned a week ago, and they
have swelled the aggregate of defaulted
liabilities for three weeks of March to
sl2. Ss3 Ola. against Sll,25I, lei last year
A heavy failure in Texas will also swell
the aggregate of returns for the past
week. which includes 80 in the United
States against 23I last year, and - in
Canada against ~ last year.
No important change has occurred in
the general condition of business dur
ing the week and il trade, in some re
spects, looks worse, in other respects it
seems better. Some failures of magni-
tude have occurred, which have caused
much apprehension and unwillingness
TO lend among bankers, and there have
been somewhat less favorable features
in the dry goods market; but
in iron and steel. conditions are
slightly improved, and in boots and
shoes considerably more hopeful. For
eign trade is little more satisfactory,
exports from New York for three weeks
showing an increase over last year of
six per cent, while imports have
shown nearly the same rate of decrease.
In general the course of domestic prices
tends to favor the marketing of staples
abroad.
81. Int
corn and cotton remain unchanged.
Cotton had a lively rise with the COW
ering of short sellers, hut began TO de-
cline a week ago, and has been tagging
ever since The receipts from planta-
tions continue quite as large as in the
same weeks of the last short crop year;
and stocks in sight, with the quantities
known tn he held by European and
| American mills. make up an ample sup
ply for the rest of the crop year.
In the dry goods market the last in
dications do not warrant expectations
that the mills will continue full pro-
duction throughout the season. The
demand for women's dress goods is the
best feature of the wooden markets.
| The sales of woods have fallen to less
than half an ordinary weeks full con-
sumption, amounting last week to only
| a,926, $50 pounds at the chief markets.
A striking feature this week has been
sale of $50, 900 pounds of American
wool for shipment to England.
The iron and steel markets have dis
closed similar feature for little Ala
hama pig has been sold for export,
though few imagine that much busi-
ness of that sort is possible. The COM
bination of lake ore producers has at
last announced its prices for the COM
/ ing season. Four dollars for first-class
! Bessemer: So 40 To 50 - for Mesaba and
/ SIS for nou-BcsScnier ores; and. il is
| calculated that with coke at So per
ton Bessemer pig can be produced at
about sl2.25 at Pittsburgh, which is
now the current price there. But the
slow marketing of finished products is
still the main trouble. There has been
a little more activity this week and the
! Carnegie works have sold 10000 steel
rails to Japan. thus scoring n note
worthy success, but in the main, the
market is about as inactive and insult
cient as il has been.
The earnings of the railroads have
been rather less promising than in pre-
vious months, averaging only ga per
cent. better than last March thus far
and the tonnage from Chicago, which
has so long been much in excess of pre-
vious years has now fallen short of the
movement in 1898. Something is ex.
pected in stock exchange circles from
important negotiations which Mr.. Nor.
gan is endeavoring to make abroad.
But on the whole, little is done at pres.
emit, and little expected for some time
to come in the security market.