The morning news., 1889-04-13
BUSINESS IS TO BOOM.
DISTINCT SIGNS OF IMPROVEMENT
REPORTED

Reports from Interior Points, Almos,
Without Exception Indicate an I'm
largement of Trade-Rapid Advances
in the Prices of Some Staples Cour-
terba a,enced by Declines In Other
branches.
NEW YORK, April 12.-R. G. Dun &
| Co.'S review Of trade for the week is as
| follows:
| In spite of continued dullness In many
quarters and some disturbing failures,
there are distinct signs of Improvement iu
business. Reports from interior points,
almost with out exception, indicate an en-
largement ofstrade though il is slow, but at
some. and where tn, iron trade is import
ant, the increase in volume is neutralized
by unsatisfactory prices. RAPID ad-
and oats are nearly balanced by the de-
cline in wheat a d corn, pork products,
ri cloth, leather and other articles, SO
that the general average Of prices is but a
sha o higher than a week ago. But further
disbursements by the treasury have in
creased the already abundant supply of
money: the marke. for securities has
improved, and exports continue to in
crease.
REPORT OF THE BLAST FUhNACES.
The most significant feature OF tho
weeAs commercial news is the report of
tie furnaces in blast Apii l, which shows
the weekly output of anthracite aad btu
minous iron to be only 6j7 tons less than
March !, aud nearly 81 900 tons, or 36 ret
cent. larger than year ago. The Iestric-
tion some localities )pesrs TO b. rearly
balanced by an increase in the output else
where, and a significant fact is that, with
the production close to the largest
ever known, prices scarcely yield at
all, and no depressing accunulation of
stock is visible. These facts, in connection
with e narrow demand for rails, indicate
that the insumption of iron ia other forms
must be increasing Acco dinghy the mar
Ike for structural iron is distinc ,ly bet Jer
More orders are reported in plate and tank
iroN though some mills are no5 yet at
work. The demand for sect irpn is fair
aud alls are firm at $27 to $27 50, with
sales of 10000 tons.
Decreased production makes nails firmer,
and bar i! on Is still irregular and low, but
for most other kinds of products the de-
mand is better. Pig iron is ra her weaker
on the contrary, and some southern is
offered below SIT for No /, while mill iron
ranges from $14 25 to SIS so.
SUGAR TRUST MANIPULATIoNs.
A sharp advance of 80 cents per 100
pounds in raw sugar with the purchase of
the San Francisco refinery for the trust
caused a sudden rise of 8 per cent. in trust
stock. The statistical position of raw sugar
is considered strong and the demand Is
full.
The boot and shoe trade is said to be large
beyond precedent, but the demand pushes
makers toward low prices rather than good
quality. Leather is a shade lower, and
hides are believed oyerabundant
The market for cotton goods is moderate,
and print cloths are an eig hth lower, but
exports continue to exceed last years more
than the receipts, and raw cotton has risen
quarter. Tae official retura shows ex-
ports Of 264, 900, 900 pounds in March against
lj6,OOO,OOO last year, the increase in value
being over $10,000,000.
In oil the increase in the quantity sx-
ported was small, and the lower price
caused decrease of $200, 900 in value for
March, and the market has been dull and
weak.
WOOL AND ITS DUTY.
Woolen manufacturers and dealers are
excited by news that the recently appointed
appraiser at Philadelphia has advanced the
duty on worsteds to correspond with that
on woOlens, and some believe thlt a similar
ruling will soon be made here and at other
ports. The importation of worsteds in
iNet1 H0dAlVAlACS az low EdJSS VI uuGH, nhS
changed the operations in many wooden
mills, and manufacturers ara gratified by
the new ruling, while importers will resist
1t In the courts The market for raw wool
is stronger in tone, and an advance in
price is expected
Copper and tin are still somewhat weaker,
and excessive production still depresseS the
coal market, which is worse than dull. The
volume OF business is unsatisfactory, aud
GaiAG halnuu Scha1u1A Zoe
MONEY ABUNDANT.
Without exception the reports from the
interior show that money is abundant,
improving Fear of disturbance in counec-
ton with April settlements having passed
the supply would doubtless have been ample
even If the treasury had not taken occasion
to accent bonds offered at higher rates
than before, and thus to check the accumu-
lation Of money. The disbursements for
the week have exceeded the receipts by
S3,S00000. No demand from abroad ap-
pears as yet, though foreign exchange has
been strong in spite of some purchases of
securities on European accounts.
STOCKS STRONGER
The stock market, owing to these pur-
chaSes, and an apparent change IN the
plans of some operators. has been stronger
with sharp advance in few stocks, aud
the sales for the week have reached /, 500,
600 shares. A more important symptom is
that the exports of the merchandise from
New York for April thus far exceed last
year, by Is per cent aud further fall Of
Ia cents in wheat and l cent in corn
tends to increase the movement The
government report, just issued puts the con-
dition Of winter wheat at "a which the
produce exchange authorities estimate
foreshadows yield of 31s, SOC, 900 bushels OF
winter wheat alone. Reports Of an increase
in the spring wheat acreage continue, and
sowing has progressed favorably, the sea-
son being about three weeks earlier than
last year.
The business failures occurring through
out the country during last week, number
for the United States 2l2, aud for Canada
27 q total of 22Q AGAINST o2l last xsah