The herald. [microfilm reel] (Los Angeles [Calif.]) 1893-1900, 1895-04-27

A Detailed Report of the Country's
Business Situation
Commerce Is Gaining, Not With Rush and
Whrl, But. r1orc Safely, Is the
Cheering News

NEW YORK, April &c r.. G. Dun &
Company's weekly review of trade will
tomorrow say:
Neither the rising speculative market
nor the steady gain in industries has
ceased, and it is. wholesome that there
are fewer signs of the situation in the
productive industries than in speculative
prices. Wage strikes grow more numer-
sous ana cause some trouble. and retail
demand lags behind wholesale and job
bling purchases behind production in
some brancees, bnt through many con-
flicting reports the fact shines out that
the industries are gaining rot with
rush and whirl but more safely. 1t is
less clear that railroads are increasing
their earnings. or that overproduction OF
cotton will be cured by the advance OF
TX cents i'll price, or that concerning
short sellers OF wheat will help to market
the large surplus. but revival of activity
in all these directions, il possible.
Cotton mills are getting more money
for goods and have quite generally adj
vanced wages. Consumption OF northern
spinners at the maximum would be III
eight months, ], 350,00 bales, but they
have actually taken 1859. 00O The CON
sumption is large ana advances seem TO
be warranted Iron production, stimulated
by ore. coke and oil products. which were
dearer, and retarded by a shrinka.e III
the demand for products. for the whole
new business is said to be smaller than III
February or March. The structural de-
mand for buildings throughout the coun-,
try was never larger. The frenzy IN OIL
has started Il large demand for pipe ana
sheets at slight advances. Rails are stag
nant though a shade better at Chicago.
Wires for fencing, nails and wire rods are
SO dull as to be scarcely quoted. and bar:
though lifted shade, meets no increased
demand. Bessemer pig is lower and sales
of southern pig in northern markets have
been large at twenty-five cents advance.
Finished products are nearly all at their
prices. Wool has sold at the lowest price
on record this week, and offers to clear
old stocks before new supplies come Tor
ward and tempt the manufacturers to
purchase beyond present need.
Sales OF foreign wool have been o,ll7, 3Oo
pounds in three weeks OF April. against
8. 292 600 in domestic, making the total OF
H. 709, 900. Demand for dress goods con-
tinues large and improving. but uncer-
taintv in mems wear goods continues and
is somewhat increased by more numer-
GUS strikes. Cotton fiannels are to N
cents lower and an auction sale is to be
held, and some irregularity appears in
prices for fine fancy goods. Higher prices
ior wheat. nearly'3 cents above last week.
tend to check Atlantic exports, which
with flour included, were only. 1873, 873
bushels for the week against ., $40, 445 last
year, though for the previous two weeks
about equal to last years. Cotton touched
I cents. recetiing to SOB; 9,312. 500 bales
had come into sight and British exports
CT goods were 100 100000 yards less in the
first quarter this year than last. With
such facts the rise does not help to lessen
Southern acreage.
The failures for the week have been $40
in the United States, against 179 last
year, ard 81 in Canada against 70 last
year.