The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1895-05-12
STATE OF TRADE.
Business Reported Reviving, but
Retarded by Strikes.
CROP PROSPECTS MUCH IMPROVED.
Sales of wheat aud Cotton for the Past
Week-Pork Lower-The output OF
Iron Exceeds Consumption
The Weeks Failures.

New YoRK. May 11.-R. c. Dun &
Co.. s Weekly Review of Trade says
The event Of the week is the demor-
ali2ation Of foreign exchange caused
by enormous sales of bonds abroad.
Besides a sale Of SO. O0O 600 Manhattan
and other railroad bonds through the
syndicate, large purchases on foreign
account have been covered for some
weeks. so that the aggregate probably
exceeds $50, 600 600 since the sale of
governments. Safety for the summer
means much for all business and the
syndicate deems it so fully assured
that it distributes 40 per cent of the
money advanced by its associates
which relieves a large amount to stim-
ulatc operations in security and prod
Gcts. Crop prospects also have greatly
improved and this is of still higher i'm
portance, as it will do much TO deter
mine the character and volume of all
business after summer uncertainties
are over. In addition, business is re-
viving, although the gain in great in
dustrieS is retarded by many strikes.
Sales Of wheat for the week have
been 81, 900, 600 bushels against 10000
600 the previous week, and $1,000, 600
the week before, and sales of cotton
5l., 600 bales against 1,Oi6.0OO the pre-
vious week. /, 1872 900 the week before
hut Thursday brought new activity.
Wheat had fallen - cents, but rose
cents that day. Western receipts are l.
iG1. 1OJbushels against !, 2G4, 764 last year
and Atlantic exports of fiour included
l.Gl5.L5l bushels against 2,2l4,Oil last
year In three weeks since the rise in
wheat these exports have been 5.lGO,-
l2l bushels against 7,S49,91l last year
Pork has fallen p cents per barrel,
Hard 20 cents and hogs 30 cents per 100
pounds. Cotton is lower and receipts
i'm spite of a bad prediction of great
decline. still exceed those of 1892 The
industries, were distinctly gaining
when strikes began. which have spread
quite widely
Garment workers in several cities
and Pocahontas coke workers are still
out with several thousand wooden
workers, near Providence. other
woolen mills and the furnaces in the
Nheuango and Mahoning valleys,
which were making $1,000 tons per
week. have stopped, as has the Illinois
steel works the largest western con
Germ, so stocks are directed affected,
which produced % per cent. of the en-
tire output April /. The Amalgamated
association also proposes "A struggle
over the new wage scale.
The output of iron still exceeds the
consumption, but has fallen l,j7s tons
weekly in April TO $50, 554 May /. Bes-
semer PIC has been raised to SO 90 at
Pittsburgh and the general demand
for finished products does not equal
the recent output, but is distinctly in
creasing, bars and sheets selling more
largely, though structural specitica-
tions are disappointingly slow. The
more noteworthy gain is in orders for
steel rails, 10000 for the Pennsylvania
and 80, 600 for a western road, Coke
production still lessons, 6,122 tons for
the week. and 36. 356, or % per cent, in
the past three weeks. Tin has been
raised l4.4 cents and copper to l0B by
increasing demand.
Sales of wool for the week are less
than in 1892, but larger than in the
past two years, though prices do not
rise Rather more demand appears for
mems ,yoolens, but cancellations are
also more numerous, and imports OF
woolen goods with Withdrawals from
warehouses were about $4,000, 600 in
the first quarter of the year, against
about sjOOO,OJO last year Cotton
goods continue strong, mills being well
employed, and they hold heavy stocks
of raw cotton bought at low prices
The failures this week have been 22i
inst a =
year. and "a in Canada, against AZ las'
year. ------.
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