Evening capital. (Annapolis, Md.) 1884-1910, 1889-04-13
TRADE OF The WEEK
Dun & Co.'s Review Indicates I'm.
proved Business Prospects.
All ABUNDANT SUPPLE OF MONEY

with Slight Yield in Prices. Is the Chic
Fsature--sharp Advance In sugar-ss
enrities Tmproved-BIg boot and shO.
Trade-Continued Depression in Coal.
NEW YoRK, April 13.-R. g. Dun 8
Co.'s weekly review Of trade says: Il
spite OF continued dizziness in many
quarters and some disturbing failures
there are distinct signs Of improvement
in business. Reports from interior point
almost without exception indicate az
enlargement in trade, though it's BIN
slow at some; and where the iron trade
is important. increase in volume i
neutralized by unsatisfactory prices oh
tanned. Rapid advances in sugar, cof
fee. cotton, butter and oats are nearly
balanced .by the decline in wheat and
corn, pork, products, print cloths
leather and other articles, 50 that this
general average of prices is but a shade
higher than a week ago. But further
disbursements by the treasury have in
creased the already abundant supply Of
money; the market for securities has
improved and exports continue to in
crease.
The most significant feature OF the
weeks commercial news is the report Of
furnaces In blast April /. which shows
q weekly output of anthracite and bi.
luminous iron only 657 tons less than
March / and nearly 81 900 tons. or &c
per cent. larger than a year ago. Re
striction in some localities appears to be
nearly balanced by increase IN the out
put elsewhere, and the significant fact
Is that with a production close TO the
largest ever known, prices. scarcely
yield nc all, and no depressing accum
mutation of stock is visible. These
facfs, IN connection with the narrow de
mand for rails, indicates that the con.
sumption of iron in other forms must be
increasing. Accordingly the market for
structural iron is distinctly better, more
orders are reported IN plate and tank
iron. though some mills are not yet ri
work; the demand for sheet iron Is fair
and rails are firm at $21 20 $3.50, though
sales are but 10000 tons. Reduced pro
duction makes nails firmer, and bar iron
IS still irregular and low. but for most
other kinds OF products the demand is
better. Pig iron Is rather weaker, on
the contrary, and some southern is Of
Tered below SIT for No. 1, while mill
iron ranges from S1475 to $3.50.
The sharp advance Of 80 cents per 10(
barrels in raw sugar with the purchase
Of the San Francisco refinery for the
trust accompany sudden rise of cents
IN the trust stock. The statistical posi-
ton of raw sugar is considered strong
and the demand il full The boot and
shoe trade is said to be large beyond pre-
cedent. but the demand pushes makers
toward low prices rather than good quail
ity. Leather is a shade lower and hides
are believed overabundant. The market
for cotton goods is moderate and print
cloths are an eigth lower, but exports
continue to exceed last years more than
receipts, and raw cotton has risen + The
official returns show exports of 284. 00O
600 pounds in March against 1870, 000,00(
last year, the increase in the value being
over $40 100000. In oil the increase in
quantity exported was small, and lower
prices caused d decrease Of 100000 in
value for March and the market has been
dull and weak
Wooden manufacturers and DEALER
nre excited by the news that the recentIy
appointed appraiser at Philadelphia has
advanced the duty on worsteds to cor
respond with that on woolens. and some
believe that similar ruling will soon be
made here and at other ports. Tie inn.
portation Of worsteds in great quantities
at low rates of duty has changed opera
tons in many wooden mills, and the
manufacturers are gratified by the new
ruling, while the importers viii resist il
in the courts. Tho market for raw wool
is stronger In tone and an advance in
price il expected.
Copper and tin are still somewhat
weaker, and the excessive supplies still
depress the coal market, which Is worse
than duh. The volume Of business is
unsatisfactory, and sales below schedule
rates are reported.
Without exception, reports from the
interior show that money Is abundant.
though IN few instances the demand Is
improving. Fear OF disturbance In con-
nection with April settlements having
passed the supply would doubtless have
been ample, even II the treasury had not
taken occasion to accept bonds offered at
higher rates than before and thus To
check the accumulation Of money. The
disbursements for the week have ex-
eeeded the receipts BY 81. 500. 900. No
demand from abroad appears as vet.
though foreign exchange has been strong
81 spite Of some purchases Of securities
OH European account The stock mar
ket, owing to these purchases and an ap-
parent change IN the plans Of some
operators has been stronger. with sharp
advance IN few stocks, and sales for the
week have reached / ,500. 900 shares. A
moro important symptom is that exports
of merchandise from New York for APP
ril Thus far exceed last years BY 1S per
eerts and the 4urther fan Of Il cents ii
wheat and cent in corn tends 70 in
crease the movement. The government
report. Just issued, puts the condition Of
winter wheat af "a which produce nx-