Kansas City daily journal. [volume] (Kansas City, Mo.) 1892-1897, 1896-05-09
WEEKLY REVIEW OF TRADE.
nuADsrREET"s AND MY SIZE VI
THE BUSINESS si1u ArioN.
Marked inrrrR~r In the Total Volume
of Hnnk Cicnrines.-HcaNicr wheat
Shipments Than Ncportcd
Last WecL-Fniturcs.

New York. May s.-Bradstr.et's to-mor'
row will say. Relatively unfavorable feat
urcs of the general business situation this
week include unscasonably cool weather,
which at some ccnters has checked traiei
continued surplus stocks Of cottons,w Mon
deprcss prices and bring Idle machinery in
the WOODEN goods industry; q falling on in
demand for lumber at 81. Louis and Min
noapoiis. and continued dizziness In iron
and steel. where, though mills and FUR
nnces are fairly active. there Is a con-
tiuucd absence OF new orders. Chicago Job
bers report the weeks business In lght
scasonnble fabrics ns only fairly satisfac-
tory, transactions In clothing smaller than
In the like period Il year ago. and the
leather market weaker. owing to lnck OF
demand. but light hardwafe relatively more
active.
n marked Increase in volume OF BANK 'letr-
inEs, II longer list OF staples for when quo
tutions have advanced almost uhlturlnly
aud unexpectedly Improved pto-pt.ts ior
CEREAL and cotton crops and a reflection OF
the more confident feeling as to the du-
tumn's business in an Improved demand
throughout the territory supplied by 81.
Louis. Kansas city, Omaha, 81. faul' MIN
ncapolis. Milwaukee, Duluth ana sioux
Falls.
Exports Of wheat. flour included. from
both coasts Of the rpiier states this, week
amount 10 1.ss2,cp bushels, complr,l WIN
!, 2Gcl"p bushels last week; 5000 eusneis
In the first week OF May. 1880: 2si5,vvr IN
corresponding week Of 1924, and ?,7l2'c9o in
There arr gGI failures reported through
out the United States this week., as com
pared with 25i last week. 2l in the, w,erk
one year ago. los in tire iirst Week Gt May
ls9i, and as compared with ZIP III 'ho V'I-
responding week Of 1899. ,
There are - business failures reporter
from the Dominion OF Canada this week,
against 2G last week, y in the week ONE
year ago and 10 two years ago. ..
New York; May IL. O. pun q 80
morrow. Will say: That the exports OF So
$4,000 in gold this week have produced no
monetary disturbance Is ut once PROOF OF
the %soundncss OF the financial conditions,
and of the prevailing confidence In better
things 10 come.
Much OF the hesitation at present Is
due to temporarily reduced demand IN
some industries, and in, iron and steel
the power of the new combinations IS beng
that production exceeds CONSUMPTION, but
consumption exceeds new buying. The
general irreEularity Of prices and ~slackness
of demand for finished products do not pre-
vent the marking UP of prices by coinuiili-
tons, but are largely due to doubt whether
such prices as are fixed can be maintained.
Pig iron Is weaker at the East and also at
Pittsburg. and most finished products are
weaker, with remarkable. narrow, demand.
Minor metals are inactive, with copper
weak, tin steady ana lead slightly lower
and American TN plates soc below foreign.
For textile manufactures the situation is
trying. Cotton mills have a fairy active
demand. though not equal to thor normal
output. and for many months nave. beell
accommodating goods. hoping for better
things. so that some are now stopping.
although the demand for some grades;
with higher prices for cotton. has helped
to a small advance in prices. Print cloths
are i,c higher. but some other grades have
declined. SO that the average of all quo
tations is slightly lower. Wooden manu-
facturers find prices of wool sagglrg both
here and abroad, the decline at London
having reached about . per cent. while
the average of quotations by Coates Bros,
Philadelphia. was nearly ! per cent lower
May ], ana prices have been further re-
ducod by concessions to clear off stocks.
At the West. traders are buying much
above the parity of seahoard prices, and
many growers are refusing 10 sell, be-
licvlnS that the upward squirt of last year
viii be repeated. Sales for the week have
been less than half "A weeks full consump-
tiou. and for 1--we weeks. lj,1iG,IO1 pounds,
against 2a.3Ga,Gp last year. Mems woolons
show 10 Improvement. hut there is more
active business in tlannels and the demand
for fancy dress goods T. encouraging,
though for plain goods it is but moderate.