The morning news., 1889-04-27
LOOKS LIKE A GOOD YEA
ALL THE REPORTS TO DUB
AGENCY HOPEFUL IN TONE.

Business In New York City Propt
Interrupted by the Preparations for
the Big Celebration - AS Much
Foreign Capital Seeking Investment
Here as Usual
New YORK, April 26.-R. q. Dun 81
Co. IS weekly review Of trade says:
Business in this region is so interrupted
by the centennial preparations and APP
proaching holidays that the decrease in
volume is not surprising. Some disap-
pointment is felt, however, because the
retail trade is so flat, except in d0co-
ration goods Reports from other quarters
indicate continued improvement, and even
in the iron aud woDleu branches the signs
for the present are more favorable Money
is accommodating here, and is plentiful at
nearly all interior points, Colec ions are
generally better, though no Improvements
is seen at Milwaukee,, and while the
general complaint Is that the present
demand for money is but moderate
confidence that business will soon expand,
is as strong as ever. Perhaps it Is infi1.
ence1 little too much by ths belief that
crops will be unusua ly large this year, but
after all reasonable allowances there Is
more around than usual to look for a year
OF good trade.
IRON TRADE POOR.
The iron market continues unsatisfactory
here, aud Southern No. Is sold at Sl6 IS,
aud sale of steel rails at less than S27 at
the mill is reported. But tho feeling at
Philadelphia Is clearly improved, the de-
mand for plate ana tank iron and sheet iron
being fair, while there is decided improve
meut IN structural iron ard in nails. The
market for bar iron is more steady. several
mills near Philadelphia having closed, re-
duci1g the supply. With all the indications
OF improvement, it is not yet clear that the
consumption will sustain the present large
output Of pig iron, and prices do not
strengthen
In the wool market, also, better feeling
is noted and prices seem firmer, though
buying is strictly limited, aud the mills are
working at a little short of their capacity.
SPECULATIVE MARKETS
In most of the speculative markets prices
are lower, and that fact also gives promise
of larger aud freer trade. Wheat is cents
lower, with sales of 40, 500.0 600 bushels for
the week. Corn is lB cents lower,
and oats cent lower. Coffee
has not changed, but spec
ulation in sugar has turned downward aud
far refining is over half cont lower.
There Is no change Of consequence in the
pork prospects. Oil is fraction stronger,
but leather is again half CO lower, and
| flour has deciued for some grades 80 cents
TO 10 cents per barrel
SPECULATION IN COTTON.
Speculation in cotton is still strong and
the price is 1sc higher, with sales here of
.i3j, 900 bales, and exp rts continuing heavy.
! Ia cOnssque CO m inly OF the enormous
movement, the values Of exports in March
exceeded the value Of merchandise Imports
| by 81. S8, ,238. The net exports of gold
| were $37l22l5 for the month, and
| about Sl0UO,0J0 I'm silver, made about
| 1900 OU0 paid abroad against interest du
ands under valuations. For three months
| tue net exports OF merchandise and specie
represented about half the estin inter
est and under-vnluations. These figures
show that in spite Of much weakness in
| speculatve stocks, foreign investne ats still
| exceed the Withdrawals OF foreign capital,
| and of late the demand for railroad and
other bonds has been exceptionally strong.
NEW YoRK's SHOWING.
At Now York, tho merchandise exports
for April thus far exceed last years by "a
| per cent, while In imports here there is an
apparent decline Of per ce It,, due in part,
| no doubt, TO the fact that the market is
already supplied, but also in pJrt to the de-
C inc IN prices OF most commodities here,
while in European markets the general
tendency Of prices is upward Since
April | the fall ia the average prices of all
commodities here has been fully one-halt OK
per cent.
DRY GOODS UP TO THE AVERAGE.
The dry goods business, though comp ira
lively neglected here, except in decoration
lines, appears in other cities to be fairly on
the level with that last year aud prices arc
well maintained. it is a good sign that COLI
lections in this branch seem 10 be generally
| improved The grocery trade has also been
more active, vita n decline in sugar and
some other products.
FAILURES CAUSE NO FEAR.
IL is fact worthy of notice that some
considerable failures of late have produced
no disturbance or feeling Of apprehension,
aud while the number Of failures has been
very large thus far this yea, t ere is not the
seuse Of uneasiness which would usually at
tend such a record of disaste s. The busi-
ness failures occurring throughout the coun-
t"y during the last week number for the
United States 1856, ami for Canada 81; a
total Of 2l3, against 246 last week
COTTON IN BARNWHIL,