The record-union., 1896-04-26
WEEKLY REVIEW OF TRADE.
BUSINESS FAVORED BY SEASON
ABLE WEATHER.
The Belief That Agitation for Cheap
Honey Will Soon be Laid at Rest
Creates Confidence.

NEW YORK, April 25.-R. G. Dun
& Co. will say tomorrow in their week
ly review of trade:
Failures for the week have been 23S
year, and A in Canada, against 81 last
year. and A. in Canada, againt 81 last
year.
Business has been favored by season.
able weather and the distribution OF
products has made fair progress, not
yet reducing retail or wholesale stock
far enough however, to materially I'M
prove the position of industries Money
markets have grown more favorable,
as we'll as the state of foreign commerce
and until an apparently groundless
revival of discussion about the Vene-
zuelan difficulty there was brighter
prospects of European investments
here.
The belief that agitation for cheap
money will be permanently laid at rest
this year is gaining ground, and in
financial quarters causes more conf
dence for the future. Prices of COM
modities are, on the whole, lower than
ever before, having declined about 2
per cent since April 1st and II per
cent. since July, 1890, or October, 1892
The fall in manufactured products is a
| little less than it was April LIST, but in
| farm products greater.
Speculation is swayed by trif1ing in
| fiuenceS when markets are very mar
row. The recent advance checked buy
! ing of wheat for export, and Atlantic
exports for the week were only LOIS
254 bushels, flour included, against L.
16S,S13 last year, while Western re-
ceipts were 1904, 557 bushels, against
1915, 40S last year. With generally
| fair prospects as to winter wheat the
price dropped about two cents nearly
| half the rise based on gloomy reports
early this morning. Corn receipts con-
tinue heavy, and the price is a shade
lower. A single enterprising buyer was
able 20 push up the price of cotton an
| eighth, though the progress of plant
| ing gives premise of a large yield and
the receipts continue as large as 1893
Cotton goods were bought less freely
| last week, and the Northern mills have
taken scarcely any cotton this month.
The feeling is more hopeful, because
retail trade is better.
The situation in wooden goods does
not improve.
| The large orders taken for boots and
shoes, when prices Were reduced to last
| years lowest mark, more than a month
ago, results in shipments nearly equal
to last years. In April thus far it is
| 5 per cent. less, but new orders are not
now coming freely except for immedi-
ate delivery to fill out broken stocks.
Leather is weaker, with heavy sales,
averaging about 3 per cent. lower for
! the week, although higher at Chicago
and stronger.
! Neither pig iron nor manufactured
/ goods have improved in demand as
/ yet, though further combinations have
raised prices of rods and of bar iron to
! 81 20 while steel bars sell at 81 10,
| and nails are to be 15c higher after
| May 1st Brokers at Pittsburg are still
selling steel billets sixty cents below
| the pool price, though 1t was formed
more than three weeks ago, and Besse-
! mer pig has declined there to Sl3
Gray forge is stronger Structural an
| giles are a shade lower, although some
good contracts are expected.
| Many consumers of copper are work
/ ing part time, and Lake is offered at
/ so 60.
| Tin is dull, but a shade higher at
| 134 cents, and lead, with large West
/ ern sales, at 3.112 Makers of tin plates
/ have agreed to maintain prices, $40
| being still quoted for Bessemer coke,
/ f1ll weight