| Show WEEKLY TRADE REVIEW DUN co for the week ending february 21 1891 report much uncertainty about the future of trade though there is no longer any expectation pec tation of silver legislation yet the effects of the uncertainty of the past three months still remain eastbound shipments from chicago for two weeks of february show a falling failing off of 28 per cent this to is attributed to short cro crops Ps foreign trade both imports and ex ports is falling failing behind that of last year iron is dull wool manufacture flourishing and cotton prosperous the report says the decline of silver below 1 per ounce at one time to 97 cents discourages those lose who are looking for a speculative boom in prices wheat is one cent lower with sales of 15 million bushels cotton a quarter lower with sales of bails and oil SM 3 cents lower corn and oats have advanced half a cent each and h hoesa a shade the exports of cotton bonti continue above ba last t years year Is as well as the receipts but wheat and flour exports fall far behind and the movement in in provisions shows shown little increase for the present foreign trade is slackening though a change in prices might soon enlarge it in january the exports of cotton bread stuffs provisions cattle and oil were 61 in value against SM last year which points to a heavy excess of exports over imports for that month but the later advance in sterling exchange and the moderate outgo of gold indicate that the merchandise balance is in outweighed at present by the return of securities curi ouri ties or the withdrawal of other capital previously invested here to this movement probably the laws passed or pending nd in some western states contribute nt e thus the kansas house has passed a bill to tax all mortgages notes and bonds making them not collectable unless stamped by assessors this and other measures cause much calling of loans and removal of capital 11 the great coke strike still continues virginia and alabama are ofT offering ering iron at prices which paralyze the market the coal m is depressed owing to the large output this year the report continues as am follows Is during the past week the treasury has taken in altogether about more than it has paid out and there have been small orders ordera of gold for export but the rate for money on call has only advanced from 2 to 2 per cent sterling starling exchange remaining steady the outgo of currency to the interior appears to have begun however notwithstanding the fact that at almost every other city the money market is easy or growing easier and searcey scarcely one now reports the maet macket close the stock market has beer been depressed in part by the failure announced noun oed ced and in part by the reduced earnings on some roads but nothing appears to indicate that negotiations between trunk line presidents are not progressing satisfactorily the failures for the week mentioned are for the united states and canada 46 for the corresponding week last year the unite states had failures and canada 41 |
