Democratic Sentinel, Volume 2, Number 9, Rensselaer, Jasper County, 12 April 1878 — THE STATE OF TRADE. [ARTICLE]

THE STATE OF TRADE.

T e New York “Public’s” Review. The Clearing House returns from twenty-one leading cities of the United States, for the month ending March 30, as compared with the corresponding month last year, show a loss of 9 7-10 per cent. The cities that have lost are : New York, 11 7-10 ; Boston, 8-10 ; Philadelphia, 14 5-10; Chicago; 12 7-10 ; Cincinnati, 15 3-10 ; Baltimore, 6 ; St. Louis, 16 7-10; Pittsburgh, 6 8-10; Providence, 4 2-10; Cleveland, 14 8 10; Kansas City, 44 5-10; Columbus, 15; Syracuse, 14 3-10. The cities that have gained are : New Orleans, 11 4-10 ; San Francisco, 21 1-10; Milwaukee, 15 4-10; Louisville, 4-10; Indianapolis, 3 7-10; Springfield, 9; Worcester, 22 ; Lowell, 7 8-10. The four cities of the largest trade show losses, though at Boston the loss is insignificant. Of five cities of the second class, New Orleans shows a real increase in business, and San Francisco an increase partly real and partly apparent only. The three others lose, but Baltimore less than the decline in prices during the year. At the head of seven cities of the third class Milwaukee gains much more than it lost, in consequence of the slender wheat movement last year, and Louisville reports a slight gain, while Indianapolis gives evidence of substantial growth. At Kansas City the failure of banks has caused part of the difference, but real losses remain there and at Pittsburgh and Providence. Of seven cities reporting less than $10,000,000 each, Springfield, Worcester and Lowell show that the condition of manufactures in Massachusetts has improved, and the imperfect comparison for New Haven is not discouraging. Wnatever improvement appears may be traced to wheat, cotton, some branches of manufacture, and success in mining the precious metals. A large share of the export trade has gone to Boston and Baltimore, and a larger portion of interior trade to Louisville. But as a whole 'the business of the country has been less active and less prosperous than it was even in the dismal first quarter of 1877.