The record-union. [volume] (Sacramento, Calif.) 1891-1903, 1897-05-01

Fate of the Tariff Bill.
NEW YORK, April Boz. G.. Dun e
Co.'S Weekly Review Of Trode" Will
say tomorrow:
In spite of the moderate improve
ment in most of the great industries.
business is disappointing. Expecta-
tons of a speedy end of the war in Eu-
rope through Turkish victories have
helped to depress grain. Demands OF
Austria and China have caused exports
of $4,000 600 gold, merchandise imports
are greatly increased, and final action
seems more remote.
Wheat rose last Saturday nearly >
cents, but has fallen since that day
about > cents. This is largely because
European markets did not sustain the
expectation of a great foreign demand
after the outbreak of war, and because
events appeared to foreshadow speedy
peace, but the tidings from wheat
growing States, the receipts from farms
and the enormous exports of corn all
had influence
The exports of gold would not have
Ai1uNi IilIlutIte IL lUSI6 tldu not Detn
an extraordinary increase in merchan-
disc imports, and some decrease in eX-
ports from New York large for the past
week, and , per cent for April. I'M
ports have increased about 60 per cent
over last year for the week. and for
four weeks have been 30 per cent.
greater
AT Boston imports of wool have been
extraordinary, and at Philadelphia
they have amounted for the month to
1,27S,000 pounds. The thought that
this abnormal increase may continue as
long as action on the tariff bill is de-
ferred tends to affect exchange. but the
main influence at present is the eXcep-
tional demand for reconstruction of the
Austrian monetary system and for ia
pan.
OF the great Industries, the iron and
steel manufacturer is slow in adj
vancing no as it was much the quick
er in the winter, partly because the in
crease in production of pig was then
too rapid, partly because enormous
contracts taken when the different
pools broke down went mainly to the
the large concerns. and perhaps even
more because there is greater hesitation
now in placing orders. Reports of
pending negotiations between the Hi
nois Steel and Minnesota Iron Com
panies point to an important change as
possible. Prices of Mesaba ore have
not yet been established, though ore
better than Fayal has been sold at
81 % to 81 40. and pig is better; bes-
semer at SO 30, with one sale of 1000
tons for 50 % at Pittcburg. and grey
forge at IS 30. Nails are about cents
per key lower, and tin cents per box.
and Eastern quotations are frequently
shaded to secure business. heavy
sale of lake copper is reported at II
cents, and lead is a trifle weaker.
NEW YORK, April 30-Bradstreet'
tomorrow will say: The more conspic-
uous features of trade are less satisfac-
tory, including moderate reactions in
price of staples, a falling off in the vol
ume of transactions in various lines,
continued slow collections and less IA
vorable conditions in iron, steel cotton
and some other industries
There is less demand for staple vari-
cites of iron and steel makers report
ing trouble in securing specifications
for contracts on hand. Southern pig
iron has secured lower rail rates to
points west of Pittsburg and Buffalo.
all of which saving has been given the
purchaser. The outlook is for the shut
tind down of some furnaces in the
Pfttsburg district.
Sales of wool have declined sharply,
but receipts of foreign have brought
up the weeks movement to a fair total.
Nearly a years supply has been i'm
ported during the first four months of
this year.
The movement of cotton goods is
slow, and prices are low, buyers pur-
chasing in large lots only where in
ducements are offered. Wooden manu-
facturers are fairly supplied with or
ders and are inclined to ask an ad-
vance of new business. The three
months restrictions of output in cot
ton goods is ended and mills are now
running on full time. Higher prices for
woolens is an effort to anticipate the
tariff.
Exports of wheat flour included as
wheat, amount to only / ,15S, $50 bushels
this week, against 1,654 900 last week:
], 260, 900 in the week a year ago. $500
900 two years ago, 2,773.000 three years
ago and 2,l16, 600 in the like week in
1893. The current weeks exports of
wheat, flour included, are the smallest
since the second week in May. 1891.
Exports of Indian corn have also fallen
off this week, amounting to 1867 .456
bushels, against 4,769, 600 last week.
BOSTON. April 3O-The Boston
Commercial Bulletin" will say to-
tomorrow of the wool market:
The market is absolutely devoid of
life The mills are gorged with wool,
and the sales statistics very misleading.
without explanation. The domestic wool
sold is very small, barely a million
pounds. The sales of the week are:
/, 412000 pounds domestic and $40. 600
foreign, against 2,465, 900 domestic and
100000 foreign last week, and 1.13S.-
900 domestic and 421 900 foreign for
the same week last year. The sales to
date show a decrease of 40. 3S4. 800 do
nestle and 1923, 400 foreign from the
sales to the same date in 1896. The re-
ceipts to date show decrease of 1914
bales domestic and 1865 bales for