The herald., 1896-06-20
COMMERCIAL CONDITIONS
welcome Signs That Trade Improvement 1s,
Begun

DSkuH
NEW YORK, June 19.-R. G. Dun G. Co a
weekly review of trade which issues tomor-
row, will say:
There are continued signs that a rair
IN business has begun. Stocks have gone
higner than they were ten days ago. wheat
ana cotton are in better demand; there Is
more confidence in monetary circles and
the tendency toward shrinkage in great
t,oons,rles ~ us seem IN some measure at least
~ pe checked. While the outcome of the
Democratic convention is uncertain and
tne great crops are not yet wholly beyond
uanger. sure and strong Improvement
IUsin businoas nardiy be expected but the tone in
business circles has grown distinctly more
nopefui. Beyond the influences of this
general hopefulness. nothing appeared to
Justify the advance of half cent in wheat.
We in corn and 516c in cotton, and reac
tion started in all these with the taking
OF prohts Thursday. Wheat receipts in
the West are 2.4lS, 766 bushels for the week.
against 1.l1s 14s last year. indicate no slack
future. Atlantic exports 2,406, ,496 bushels,
flour included, for the week, against /, 1893, :
81! last year. are large for the season, but
WI Wi.h smN,,, new wheat Just beginning to move,
ton also had no visible cause In crop pros
poets or movement, though receipts at
ports have been light. The waiting in iron
prices. the lowest since April l, and only
l.S per cent above the lowest of the year,
though the combinations make no change
IN quotations. Beans are quoted delivered
instead or at mills. but numerous contracts
are Kept back. Consumption of wire nails
at current prices has SO declined that
American wire rods are offering at COM
peting prices In England; scarcely any
thing is done in iron bars because steel
bars at $1.10 take the business, and the bill
let pool is still undersold by middlemen,
yants %ae many m works are putting up steel
also sheets and orders for rails. though
numerous. are not large. Southern No.
is offered 81 below Pennsylvania pig and
Since coke was advanced to 50 per ton the
ovens at work Have decreased 33 per cent.
and the weekly output, 6o.642 tons. or S5
per cent.
Failures for the week have been 27s in
the United States against 22S last year.
and 2S in Canada against 81 last year.
BRADSTREET'S REPORT.
Bradstreet's tomorrow will say:
opening week Of the "between' seasons
period of dullness explains the increased
restriction in the volume of general trade.
In industrial lines there Is no Improvement.
In iron and steel prices of some varieties
tend lower and buyers manifest little in
terest as to the requirements. Present
activity among dry goods jobbers Is con-
to stock taki.s: Manufacturers Of cot
tons have cut quotations to attract buyers
and while there Is increased activity In
nanrels Tor rail- delivery recently opened
fall prints have found few buyers, The
practical end Of the strike and boycott at
Milwaukee Is followed by threat of iron
and steel workers at Pittsburg to strike If
not granted an advance by July !. The
movement of merchandise is smaller in vol
ume than a week ago. the greatest activ-
ity being shown in hardware. groceries.
drugs, paints and clothing. Manufactur-
ors of woolens are reported more hopeful
and to be making inquiries as to supplies
of raw material. but quotations for wool
at the interior are still above a parity at
seaboard prices.
Relatively, the most favorable trade re-
port of the week is from Chicago. where
Inquiry for iron and steel has Increased
and Specifications for work are coming for
ward more freely. This has created a bet
ter demand. Exports of wheat (flour in
cluded) from both coasts of the United
States this week amount to 3.120, 900 BUSH
els against 2.992,0O0 last week and 1851, ,00)
one year ago.
Bradstreet's review of the stock mar
ket will say:
Professions! traders have generally turn
ed to the bull side and cliques have been
active in advancing various portions of the
share list. London's reception of the news
from st. Louis has indeed been one of the
principal features. The extent to which
Wall street was governed by the foreign
participation Is shown by the fact that on
Thursday decided appearance of selling