Evening capital. (Annapolis, Md.) 1884-1910, 1889-05-04
TRADE REVIEW.
Tne Week Commercial Blank
in New York.
CONTINUED DEPRESSION m IRON.


Appraiser Lcaci's Ruling Unsettles the
wooden oTarket--coal Continues Dull
and Extensive Miners Strikes are Ex-
pected General Prices Maintain .
Downward Tendency.
NEW York, May Ar. g. DUN g
Co. s weekly review of trade says: The
unprecedented interruption OF business
by centennial preparations and celebra-
fions has made the week nearly blank
IN commercial or financial respects. At
New York accumulated orders gave
surface appearance of greater activity
on Thursday and Friday, but it is yet
too soon 10 judge which way the tide
will turn, and the reports from other
cities, though mostly all hopeful in tone,
do not indicate the expected improve
ments. The situation seems better at
Milwaukee, satisfactory at Omaha, good
at Cleveland as TO most branches, but
questionable az to iron; rather dull at
Kansas City and st. Paul, and less en-
couraging at the chief centers of the
grain, iron, coal and leather trade. Col.
lections are ''far from satisfactory" at
Milwaukee, not improved at Detroit,
and rather slow in groceries, tobacco
and wooden ware at Philadelphia, bat
in other lines there and at other cites
generally they seem fairly satisfactory,
and at New York some dry goods deal
ers complain that collections are too
good, buyers keep so far within their
means.
worsted Importers Holding on.
Reports about the wool trade are con-
Trajectory. Here prices are lower. but
Philadelphia reports more sales and pros
pect of an advance. A report that the
treasury may not decide the wooden
worsted question for months disturbs
importers, who have quantities of goods
locked up because collectors wait for
decision. Otherwise the wooden trade
shows O little better movement, but mills
are not working at nearly their capacity.
Cotton has advanced | and print cloths
1-16, and there is a more active lobbing
trade, but In some lines at reduction
in prices and many mills are working
short time. Silks are quiet, but linens
are quite active. Ia the leather trade gen.
eral encouragement is by some thought
fhepredecessoro of better things, and affair
business in boots and shoes continues,
helped by the recent decline in prices of
some grades.
No Improvement in Iron and Steel.
The paper trades active and contracts
for delivery in England and Australia
are reported. The slow improvement
continues in drugs and chemical. On the
other hand recent signs of improvement
in iron and steel have not been sustained.
Here and at Boston southern No. l pig
has been offered at S16, and though by
new companies to introduce their pro-
ducts, the effect on prices of other iron
is felt. At Philadelphia though sales are
'shard to make it is said that there is a
very remarkable feeling of confidence.
but at Pittsburg prices are lower, sales of
manufactured iron more difficult and a
large sale Of steel rails at S26 is reported
here to have been made by Pittsburg
mill. The. attempt to lift prices of bar
iron at Philadelphia does not seem to
have succeeded. but structural plate,
sheet and boiler iron are in good demand
there, at Cleveland, and here.
Small Encouragement in Minerals.
Coal is dull, the reported increase in
stocks for March is $4,000 tons, and a
strike at Pittsburg is expected. Copper
still waits, but the report that bankers
will try to fix the price at 12 cents is
I&kOuEltN lO 1OTGcihtQOW &fiVlllGI uict2S-
trous attempt and subsequent collapse.
Tin Is lower abroad and 20.40 for prompt
delivery here, and lead is very much de-
moralized.
Decline in Cereals.
Wheat goes lower yet, having sold at
So3 cents, and corn has declined 4, and
cats | cent since last week. Dreams of
successful corners prior to July are still
cherished. but all the facts of the pres
emit situation make the attempt appear
extra hazardous. Pork is unchanged,
with lard and hogs a shade higher;
coffee and sugar are unchanged, but oil
higher. In general. the course of
prces still tends downward, but many
products of large importance are now
SO low that not much further decline is
expected. while quick advance might
follow a revival of demand or specula-
tive confidence.
stocks Neglected and Dull.
Stocks have been neglected and dull,
but little stronger in price, with dis
position to believe that the next consid-
cradle movement must be upward. Yet.
in spite of some excellent reports, the
earnings do not generally compare with
last years rs well as they did in Janu-
airy or February, TO say nothing of
March, and the outcome of controver-
sizes at the west seems really as doubtful
as ever. The future of the market
probably depends much upon the move
ments OF the money and the feeling of
foreign investors and for the movement
both favor holders, but bankers look
upon considerable outgo of specie as
not improbable, and the policy of Secre-
taxv MindoIn. as far as it has been
made known. does not seem likely to
cause large disbursements before July.
Large Exports Of Merchandise.
The one favorable feature is that ner-
clandSe exports are still large, four
weeks OF April.at New York exceeding
last years b. 81, BOX, 900 or Is per cent,
the increase in imports here having been
only per cent. But the treasury has
taken iii during the week 81, 500, 900 more
than it has paid out, and there are many
reasons for expecting that the exports OF
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