Martinsburg herald. [volume] (Martinsburg, W. Va.) 1881-1920, 1892-04-09
REVIEW OF TRADE.
Distinct Increase in the Marketing
of Manufactured Products.

Business Outlook Improving Enormous
Stocks Cause a Further Depression in
the Price of Cotton-The Failures.
r. G. Dun & Co.'s weekly review of Trade
says: "The business outlook is distinctly i'm
proving. Two important causes of uncer-
tainty have been removed during the past
week in the settlement of the Boring Sea con-
troversy and in the failure Of the silver bill
TO pass the House. The former has caused
much selling of American securities by for
eign holders, which has now diminished,
though no material improvement in the prices
or the demand for such securities abroad is
yet noticed.
"But besides the clearing away of obstacles
there has come distinct increase in the
marketing of manufactured products and
greater activity i'll many lines of domestic
trade.
DISTRIBUTION VERY LARGE.
"The manufacturers are doing we'll
Probably the cotton manufacturers have
never turned out as great quantity of goods
Mt any other time s they have this year thus
far with less accumulation of products in the
hands OF manufacturers or wholesale dealers.
The distribution has been remarkably large
and the resu IS of trade generally satisfactory.
Wooden manufacture also shows distinct
improvement in some branches. The better
all wool goods woreted and dress goods, are
more largely produced than in the past years,
and no undesirable accumulation is seen. J. he
boot and shoe business is also increasingly
active,
Speculation during the week has not been
very active. Wheat has declined 2sc., corn
L., Ill aud t,orE Iorr
The decline in wheat is mainly due 10 the
shrinkage in foreign demand Western re-
eeipts continuing large As the new crop
draws nearer and the prospect that it will
be very large, prices naturally tend down
ward.
a DECLINE IS COTTON.
although cotton receipts have been some
what smaller than year ago the pressure Of
enormous stocks here and abroad have caused
further decline of l-16c. Coffee is also &c.
lower, ard the general tendency of prices is
toward a lower level. But in the iron trade
bottom seems 10 have been reached. More
business is seen Mt Philadelphia and many
furnaces have ceased production, so that few
forced sales are reported, though a new and
large furnace in Alabama begins work. An
improvement is seen in bar iron, but some
places and in structural iron the den and is
better than year ago.
Money markets throughout the country
are abundantly supplied and there is no sense
of anxiety manifested in any quarter. Al
though imports have doubtless exceeded ex-
ports in March no shipments of gold appear,
which is the more encouraging because of the
large sales of securities by foreign holders.
BUSINESS FAILURES.
1.-THE failures during the first quarter of
1892 were 1884 in the United States against
3545 last year, and the liabilities 500, 2S4 $40,
against Si2 l67, GAL last year. In Canada the
Ia lures we're $50, against 575, and the liabli.
lIes 50 754 So against 81, CAS-, 234 last year. In
crease is re N in the Eastern States but a
great decrease in the West and some decrease
in every other section.
THE business failures throughout the
country during the last seven days, number
for the Unite States 1919 and for Canada 10,
or n total OF BIS, MS compared with totals OF
23l last week and 240 the week previous to the
last. For the corresponding week of last
yepr Ia" figures were 243, representing 2l1
failures in the United States and 81 in the
Dominion of CaHaaa.