Omaha daily bee., 1891-05-30
OUN'S REVIEW OF THE WEEK.
Drain of Gold in April and May Cause Les
Apprehension Than Expected,
CROP PROSPECTS CONTINUE FAVORABLE.
Tone OF the Iron Market Better
State Of Business at Various Trade
Ccntcrs-A Decrease in
Failures.

NEw YoRK, May OR. G. Dun & Co.'S.
Weekly Review Of Trade says;
II the prevalent feeling is q shad c too hope
full, IL it gives not enough weight to the pos
sibilities Of disturbance yet 1t Is mos
encouraging and most significant o.
commercial strength and soundncs:
that the drain of gold in April aud May has
caused so little apprehension. The most
powerful sustaining influence is the continu
ance of exceedingly favorable crop prospects.
In general the prices of commodities have
declined not far from per cent for the week,
and will further decline as new crops draw
near If no disaster comes
The tone of the iron market has been bet
ter, but without change of price here or at
Philadelphia, while bessemer pig is 30 to 20
cents lower at Pittsburg, but there is a better
demand in eastern markets for bar and struc-
tural iron and plates. In rails there is still
much apathy, as the roads are not feeling
rich and new enterprises are halted by the
state of the money market.
No change is seen in woolen manufacture,
though fine domestic AeeCe is a little weaker
in tone The cotton manufacture progresses
without change aud eastern failures have
caused especial dullness III the boot and shoe
ard leather trade oven for the dull season
and manufacturers in shoes and leather are
nervous and, besides, weak.
At Philadelphia tho general situation, be-
cause OF the state of the city finances is un'
settled.
At Pittsburg window glass is depressed by
building strikes, but at Cleveland trade is
fairly good and at Cincinnati Frightening a
little.
At Chicago receipts of -four and grain and
lard and butter fall below last years and OF
ont nh
ceipts more than double, gains appear in
dressed beef and cheese and IN sales OF dry
goods, clothing and shoes.
AT St. Louis trade is of a fair volume,
with collections satisfactory.
At Kansas City trade IS fair, with crop
prospects never better
AT. st. Paul there is Improvement and at
Minneapolis the lumber trade is active, but
flour very dull.
At Louisville the outlook is brighter, with
manufacturers fully employed, and at Nash
VILE trade brighteDS, but depression con-
tInues at Memphis.
Sugar is in better demand at New Orleans,
and cotton seed on decline, molasses beng
unchanged
The only interior markets at which strin-
gency is reported are Savannah and Mem
phis, though money is fair at New Orleans,
in strong demand at Minneapolis and little
close at Cleveland and Detroit. But in gen
eral the supply at nearly all points is ade-
quate ior all legitimate business. The clear
ing house exchanges show u smaller volume
Of payments for May than year ago, but
their traffic returns are more favorable and
the earnings show gains. The treasury has
put out during the week Sl,5OO,0O0 more
than it has taken in, but as exports of gold
have much exceeded that, the circulation OF
all kinds has been a little reduced.
The business failures occurring through.
out the country during the last seven days
were 247, as compared with pa last week.
For the corresponding week of last year the
figures were 2lS.