Elmore bulletin. [volume] (Rocky Bar, Idaho) 1889-1906, 1896-03-18
ALL WAITING THE RULE
Large Hope, but Little Actual
Business Done.
TRADE SITUATION UNCHANGED
The Prices of Materials Vary Consider
ably " ith the Prices of Fin
ished Products.

New York, March 13.-R. G. Dun &
Company's Weekly Review of Trade,
which issues tomorrow, Will say:
Waiting is still the rule. Large hope
but little actual business, explains the
strength of some markets and the weak
ness of others. The feeling that the
spring OF 1896 ought to bring larger
business will not suffice to meet the eA-
penses all the season If the larger busi-
ness does not come. 1t Is especially note
worthy that prices of materials have va
ried quite differently from prices of man
ufactured products, although III most
cases the advance last fall was com
menced by an extraordinary uplifting OF
prices for materials. Thus cotton Is 29.9
per cent higher than a year ago, but
cotton goods average onyl 1917 per cent.
Wool Is but 5.3 per cent higher than
a year ago, but woolen goods are on the
whole about per cent lower. Pig iron
is only IL per cent higher than year
ago, while finished products of iron and
steel average 45 per cent higher. These
comparisons are important because they
disclose something of the grave disloca-
ton of prices which inadequate con-
sumption and combinations have pro-
duced. The output of pig iron March
was 1893, ,5S3 tons weekly, against l9S, ,599
February l. but the unsold stocks have
risen So 764 tons during the past month,
or 17,441 weekly, and the unsold stocks
Of the great steel companies are not
included
There is reason to believe that actu-
al consumption is still at least 10 pei
cent smaller than the production OF
pig, and the price of Bessemer at Pitts
burg has again declined slightly, tc
S1225, with exceptionally large sales
even below that figure. Prices of finish
ed products are not quotably lower, al
| though all markets are weak in tone
| The industry is waiting for larger de
mand, which yet it is hoped may COM
soon to clear away the accumulation
| Of surplus stock.
| "Of the minor metals, copper Is Il
| moderate demand at S1l.50, and there
movement in tin at $1S,4o while lea
is slightly weaker at $3.15. Tin plate
| are weak in part because of little de
mand, but American Bessemer /, G. Ia
| 20, full weight are quoted at $3.50
against 1886 for similar foreign brands
| Aluminium rolling ingots are offered a
| six cents per pound in ton lots. the har
| Messing of Niagara having already re
duced the cost of this metal for th'
world.
"The sales of wool at the three chic
markets are the smallest in five years
and for two weeks have been only g.,
683, 900 pounds, of which 3,396,300 wef'
domestic. against 800 last year. o.
which 10000 were domestic and 49,
O17,676 in 1892, of which S,369,429 were
domestic The prices are still main
tained with increase in Australia sup
plies.
THE market for wheat is weaker. will
no better reason than that the govern
ment report of wheat in farmers hands
which is altogether out Of keeping witt
the government estimate a year ago
and yesterday is probably more nearly
| correct.
"The failures for the week have beer
| 50, ,911 775, against 81 .693 ,052 last year anC
| 81, ,276 292 in 1894"
weekly Bank CIenrances.
New York, March 13.--The following
| table, compiled by Bradstreet's, shows
the total clearances at the principa
cities and the percentage Of increase o
decrease as compared with the CORES
ponding week of last year: