The evening bulletin., 1896-05-09
BETTER THINGS TO COME.
Dun's Weekly Review of Trade Makes
Some Bright Promises.

New YORK, May Or. G.. Dun e.
Company's weekly review of trade says
That exports of $5,S50,000 gold this
week have produced no monetary dis
turbance, is at once proof of the sound
ness of financial conditions and the pre-
vailing confidence in better things to
come.
Much of the hesitation at present is
due to temporarily reduced demand in
some industries, and in iron and steel
the power of the new combinations is
being generally tested by refusal of or
ders, so that production exceeds con-
sumption, but consumption exceeds
new buying. The general irregularity
of prices and slaciness of demand for
finished products do not prevent the
marking up of prices by combinations,
but are largely due to doubt whether
such prices as are fixed can be main
tanned. Pig iron is weaker at the east
and also at Pittsburg, and most finished
products are weaker with remarkably
narrow demand. Minor metals are in
active with copper. weak; tin steady
and lead slightly lower, and American
tin plates 80 cents below foreign.
For textile manufactures the situa-
ton is trying. Cotton mills have u
fairly active demand, thought not equal
to their normal output and for many
months have been accumulating goods,
hoping for better things, so that some
are now stopping, although the demand
for some grades, with higher prices for
cotton, helped to small advance in
prices. Print cloths are an eighth
higher, but some other grades have de-
clined, so that the average of all quota
tions is slightly lower.
Woolen manufacturers find prices of
wool sagging both here and abroad, the
decline at London having reached about
per cent, while the average of quota
tions by Coates Brothers, Philadelphia,
was nearly per cent lower May |,
and prices have been further reduced
by concessions to clear off stocks. AS
the west traders are buying much above
the parity of seaboard prices, and many
growers are refusing TO sell, believing
that the upward squirt of last year will
be repeated. Sales for the week have
been less than half weeks full con-
sumption, and for five weeks 10, 146, 700
pounds, against 29,409, 900 last year.
Mems woOlens show no improvement,
but there Is more active business i'll
fannels, and the demand for fancy
dress goods is encouraging, though for
plain goods ii is but moderate.
Traders III wheat have lifted prices a
little, and yet nobody questions the cor
rectness Of western reports indicating
more than ordinary yield of winter
wheat, and unusual Progress i'll the
planting of spring. With the narrow
stock usual at this season, a speculation
for advance always has many opportu-
mites. but western receipts are still 40
per cent larger than last year, while
Atlantic exports, flour included, are for
the week 943, ,667 bushels, against ,6l5,-
051 year ago. After fall to GS 1-2
cents, the price rose about 2 cents.
Corn is also shade lower, but with
out definite reason.
Cotton speculation has lifted the spot
price to S.31 cents, and profits have been
realized from the men who have sold
cotton they did not own, but it is still
the fact that the outlook for next falls
crop is unusually favorable, while stocks
here and abroad exceed Ill possible de-
mands until Sept. /.
Failures for the week have been 23S
in the United States, against 221 last
year, and "a i'll Canada, against 81 last
year.