Fair play., 1893-05-20
WEEKLY TRADE REVIEW.

The Commercial Condition OF the Country
~ shown by Il. q. Dun \ Co.'S Weekly
Review General business Hut Little
Disturbed h, the Bank Failures AT chi
caco and indianapolis and The Smash III
Indu.trisi stocks in Wall >treet-Busl-
ness Failures. Etc.
New NoRK. Nav lS-R. G.. nuu Il
Co.'S weekly review OF trade. published
this morning. says:
The smash in Industrial stocks 4 week ago.
the failure ~ some firms ana ~ the National
CortaeSe Go. and the largest decline IN stocks
kcown IN Any week since l>sS have been fu!-
lowed Ivy surprisingly little disturbance. Bust
ness has shown rrmarka"le >1gudnrss and
strength under such y strain although diSGuies-
Ius rl.MorS are naturally frequent. Bank fail
urcs ut Chicago ami indianapolis aud
ruruCrA OF others. reflect largr losses
through Chicago SpcculItiuu> III real estate
and grain. and at indianapolis through tho
failure III" Premier steel Co, hut commercial
credits are uol a. Vet materially Affected
There i more buying " commercial paper
than a week ago. and while thrct:u exchange
has risen above the exporting point uo gold is
Vet ordered fnT shipment. Ranking houses
reckon Gp0I IIr-rr exports ~ products hefore
luug- Interior money markets are growing
tighter and more cautious hu; n" such s'rin-
gelcy is yet seen - ~ check general trade.
" liNh appears lp nave t'Ii'Nii..t 'iiik'i'hNu
W III 1lOr" sCa~nEarIe weather.
The weekly IRON output May shows no
tons increase tor the month and is : ~ greater
than a wear a-o. while unslld stocks decreased
ilrn tons IN April Good pis iron is scarce.
tUt some southern brands pressed Tor sale
Demand, for bar plate, structura! and sheet
iron ! better ia volume without Improvement
IN price iar-C supplies dcprcSS Tin to ~
cents and lead To ~ and coal is quiet. Tho
shoe tradc is unusually quiet for the season.
though shipments are still the larscS; "n REG
ord. cotton EoodS are accumulat'ns and IN the
Wonlcu trade there Is much anxiety about lhe
future. Speculation has lifted wheat cents.
thonIh the crop report i less gloomy
than expected. Corn has slightly ad-
yanced and pork prolusts largely. Cotton is
unchanged exports in April having been 81.
tnUb less in value. and "tUstNl pounds in
Quantity than last wear. pl Is one half cent
lower exports Hl-o decli ming All exports
from New York have been a. iO01n less for
thr past two weeks than hast year while i'm
pOrts show an Increase OF S7,nt ts1 for ono
week o' May and gold exports can scarcely bo
prevented while This state cr foreign trade -
continued Meanwhile the treasury has
slip htiy improved in gold reserve. holdiu: over
si9.tUOp free
whilc failures for the past week were go in
number against 10 last year and in the United
States ~ against ,5D. there were only eleven
rating over SiuuUn From sH1"b 10 .9S,o0D
there were five. from sTJph To- SiNopso only
two. from i:nbu io s.JOHn only two. Com
sidcrinE the extraordinary pressure in stocks
and money markets the report indicates
rr,atcr -ountincSs than could have been ex-
prctci
The business failures during the past seven
days number for the United States, .5.; Can
ada % total. :.ssi compared with 2i3 last
week and ~ the week prryics,s 10 the last.
For the corresponding week Of last year tha
'isurcs were 10.