Birmingham state herald. (Birmingham, Ala.) 1895-1897, 1896-04-04
WEEKLY TRADE REVIEW
Failures for the Quarter Broke
All Records.
4512 FAILURES REPORTED
With Liabilities Amounting to $62, 5000,
or 30 Per Cent Over Last Year.
THE GIGANTIC STEEL COMMISSION
Expected to Have Great Influence in Slim
ulating the Iron Trade-Bessemer
Pig Has Advanced and So Has
Steel Billets.
1912 FAILURES REPORTED
THE GIGANTIC STEEL COMMISSION


New YORK, April 3.---R. u. Dun sS co.
will say tomorrow in their weekly re-
viaw of trade:
The regular ouarterlv statement of
ea,,,,.as. -. zoo, til. ,,a1,,,,tioa 30
aiiuies SHOWS fooi, WIN iiaoii's
$57,425,1S5, against 1902 last year, with ha-
bilities of $47,S13,6S3. The Improvement
expected with spring began though in
some bra nches Of business n was SCARCE
=. -s..,t, s.'-.,.'s -, ..,,,,,,,x
~ visible AS consumers MAKE sprins
purchases they must lessen their stocks
and compel buying The stocks taken in
advance of the consumers' demands last
s,,,,,,,o,. t,,,o ,,ao,,s ,,t,.ih,,taa Co, ,,,ore
',i.- no Deii 90 M.
SLOWLY 'hah was eNpee'eu' ou' iiioh'ns
OF waiting nave helped TO lessen the load,
which. II is hoped. spring buying will
o,aa, .,rav Tha h.oLword season and
80. 80. - ' 'ss.,s'.ss =. 49,
tio y. .as a, pr, ,S,.,al, -. nf
portant lnuuseriss & anu ene low pt,een go %
.ainn plouuo.o p ~, a,,nrinia9 dis
appIenehslons a,. " - =, ~ ,,na,
noultles naVe is niiiueleu, oue anr ny my
Soaiceiy ieie. ooiu . 90 eN ~ 50 70 s. ~ E.,ai 49,
uul d. inns % "a, a. , ., ~,
they haVe iio suci powei " ,taassti
as tney had In the winter. Inc slsan'ic
steel commission Is expecteu 10 hage ~.
great iihuence III sus.GiiIiiis .ne ts',l,
ana stlmuIalng cohnuence, anu anu epsi lnousa
such OPERATIONS often mss .ne
,,iat;,1e h,,,yins fnr a time Tbe sudden
advance of S2 per ton in billets a week
epo has raised Ressemer pig 81 at Pitts
biIrg and the demand for structural
forms Increases in the expectation that
prices will rise. Nail associations have
given notice of another advance of 10
cents at the end of this month. Bars
have been greatly demoralized, but some
makers now hope to re-establish the COM
bination as steel bars will become dearer.
But No. foundry Is slightly lower at
Philadelphia, and the general demand
for finished products does not yet inn
prove. The steel concerns propose to re-
strict production by allotment-those
producing more than their share paying
81 per ton to those who produce less.
Less announcement appears IN the
boot and shoe trade, as buyers nesitate,
though leather Is sun nrmly neiu' ne
WOODEN manuIacture uoes npI saaL s,.i,,.,, ~ on
ders, ana iarse PAL Vi me @ iiiaSia,Ias a'Ias.
is stoppeu. lliSee " ~oot - IN. o,,ato-
f1e per cent the average oi iof quo'a-
tions peihs d9.o1 .,s, uenlS. 20, .a,as l., 81
Cotton nlIlis SIN piiS pp,s,' W $500 40 r,,-,aas
vance OF o,uels, as .t',,.'Int ~ h,.uing
naVe ,aiieu as oao.s has hean tan,e
opecuisi .loi m -, y, ~ oo,,,a ~ farn,ard co
Solton cpntinues % .te ,.,,,a 10 ,,raSiotions Of
eagseiy TX aSo ,nae 'n ,aroero bered With de-
o;ovo,oVo ID Da ~ n,,t,ooil for the next cron
tisloa, saloi.,,,,,S., a.. ,,tad ol,d
eoi'iiiue' oo'
bradstreen's hspor'.
Bradstreets tomorrow VIII say:
Stormy weather at the northwest, CON
tinued restriction OF dlstrlpution Oh sta
pie merchandise ana unsatlslactory iner-
camille collections continue TO pe the
leading characteristics OF general trade;
The conspicuous cnange is IN the steer
and iron markets. The formation OF
pool of manufacturers OF steel TO reguiate
production and maintain prices results
in an advance or $3 per ton IN quotations
for steel billets and $1.25 per ton Tor Bes-
semer pig iron. A corresponding stimu-
lus is given quotations for other forms
of iron and steel. Where leading metal
markets were dull and depressed week
ago. activity Is now reported, with
prospect for further advances. This must
naturally tend to stimulate kindred In
dustries. The movements In the steel
and iron markets during the next Few
weeks will attract an unusual share OF
attention.
Additional favorable features report
that at Baltimore the quarters general
trade has been the best for years; that
there has been slight Increase In the
volume of business at Pfttsburg; that at
Kansas city distribution of general mer-
cha pd1aa iS fair. and that demand Tor