The herald., 1896-05-30
BUSINESS CONDITIONS
Speculation Is Stagnant and General Trade Is
Very Dull

NEW YORK, May 29.-Bradstreet's
weekly financial review Will a, say: % ,.,r,v
reach its elimination in the present week.
The business Of the stock exchange from
TO
ly, but on the whole have been sellers, with
consequent increased outstanding short
account. Europeans have done little in our
stocks, the London market, which displays
a further booming tendency in purely
"home investments" and a disposition to
shares to unheard-of prices. The st. Louis
tornado and consequent damage to rail-
road property was among the discouraging
factors of the week, but the leading place
in this connection was taken by the con-
tinuance of good spells and the reduction
Of the government legal IT tender redemp-
of the United States supreme court as to
the legality of the new trunk line combina-
tion has also had an erect and would seem
to strengthen the determination. Of the
owners of railroad securities to hold UP
Bradstreets Review of Trade will tomor-
situation is confined to the demand for
hides. leather and shoes. the tendency of
prices of same to advance. generally
better feeling exists among sugar produc-
ers and handlers in Louisiana and Texas
because of the recent sugar bounty decis,,
ion: General business continues quiet and
at larger financial centers less commercial
paper is making, even at larger rates. Be-
tween seasons trade has begun to assert
itself and from number Of f., points mer; ;
in many instances difficult. The price
movement is again downward; with pork
and lard exhibiting unexpected shrin at &c
iron and billets by middle men have been
made q shade under nominal figures.
principally unchanged. while refined sugar
and tin plates record advances. Hides and
leather are firm at recent advances and the
Exporis of wheat. flour included as
wheat. from both coasts of the United
States during the week amount to :, 064, 900
last week, 2. 1926. 900 bushels in the week one
year ago. 2.401, 900 bushels in the week two
years ago and 1854, 900 bushels three years
The total number of business failures in
the United States during the week is 227,
as compared with PIG last week. POS in the
ing week two years ago. PA in the like week
of 1893 The total number of business fall
ures In Canada this week is 25, compared
with IS last week.
DUN &c cos REPORT.
NEW YORK, May pr. G. Dun & Co.'s
Weekly Review of Trade tomorrow will
6 mt nSS of gold
natural results of the borrowing and i'm
porting early. in the year. but caused no
Conviction that destructive schemes viii
not succeed. though at present political un-
certainties cause part Of the business that
til The future s IS more more cleaf MARKETS. for
products. are weak rather than strong. The
business done is small, but largely gov
erned by the belief IN large crops and in
sufficient demand. Wheat has fallen three
cents. Though low prices bring larger At
lantic exports than a year ago for the
first time In many months, flour included,
1.543, 973 bushels for the week, against .462-
745 last year. it remains that for May these
haze been only s4 "a
while western receipts are for the week
nearly 10 per cent larger and for four
year. Estimates vary Widely but nobody
looks for crop so short as to exhaust the
surplus in sight. Wool sales, exclusive of
a few speculative transactions based on
cent Of weeks fair consumption and for
May have been 12,711,9 800 pounds against
20 soo.75o pounds last year and 2o,15s.s5o in
with lower prices, because the demand for
finished products is entirely Inadequate,
though prices are higher. Pig iron has fall
en- over per cent since April l., but the
Sanced j per cent; lower quotations ions Tor Tor
Bessemer and gray forge at Chicago. with
the stoppage of two-thirds of the furnaces
in Virginia. some in Pennsylvania and
doah valleys result from inability Of manu-
facturers to sell at prices which their GUS
toners demand. Plates are weak and there
is no improvement in sheets or rods. but
ton, making a slight advance in The aver
age of all prices for the week. 1t is pos
sible that rebuilding after the disaster at
st. Louis may affect iron and steel mar
kets extensively. The minor metals are all
Failures for the week have been 2S9 in
the United States against 259 last year. and
20 In Canada against "a last year.