The star. (Reynoldsville, Pa.) 1892-1946, 1897-05-12
BIG INCREASE OF SALES.
Only Ten Per Cent. Less Than the Banner
Year

Only Ten Per Cent Less Than the Banner
Year.
II. G. Dun & Co. s weekly review OF trade
says
Nearly all will be astonlshed to learn that
actual sales In April by leading houses in
each line OF business in the principal cities
east OF the Rocky mountains average only
about 10 per cent. less than in April 1892,
the year OF the largest business hitherto, and
were G1 per cent. more than In the same
month last year. This Is the summary ct
357 reports, each covering actual sales OF
leading merchants In a line of business in
one OF IL cities. While speculative business
in nearly all lines IL small. the large volume
OF legitimate trade shows no corresponding
decrease. Failures for April show decrease
in number, amount and average OF liabilities
in almost every branch of trade and in near
ly all branches of manufacture except cot
ton. although failures OF i've New Bedford
mills for 1880. 37i make the total defaulted
Liabilities for the month 40 per cent. larger
than last year, GO per cent larger than in
1895 and 32 per cent. larger than In 1894
Western receipts OF wheat for the week
were 2,34S, ,00j bushels. against 2 POS, ,972, and
Atlantic exports amounted to 1,49S, l67
bushels, -four included, against ], ,O4O, 1863 last
year. The weeks report of corn, 2,725,0i3
bushels are smaller than in other recent
weeks. The wheat market declined cents
until Tuesday and the rose 1Lc.
Liverpool speculations lifted cotton to 7.75
cents hut 1t has lost u sixteenth. The de-
mand for cotton goods has not met expec-
tutiOns Print cloths are again lower, at
2. "A cents. the lowest point ever reached In
previous years. Sales Of wool fell much be-
low recent records. At the three chief
markets they We're s,025, 200 pounds, OF
which 5,7i4 600 were foreign, and in Ave
p, cul.. huy yn a
against 23,327 100 in the same week Of
1892.
-Four iron furnaces in eastern Pennsyl-
yania and others in the Pittsburg region and
Ohio have stopped Bessemer pig at Pitts
burg has declined 10 80 40 and grey forge TO
$s.40. Tank steel plates have sold below
cent, and common bars at 90 cents per 100
pounds, with black sheets in light demand
ut IL. so for No. "a. Yet the structural works
are well employed on old orders. with thers
coming In, one OF 20, 900 tons for the Montre-
al bridge and others ut the east and at
Chicago.
The rail works are all busy on orders taken
months ago. though there are EFFORTS 70 re-
vve the pool. One contract for 10. 600 tons
of steel plnte is reported, and some OF the
tin plate works are sold ahead for the year.
Failures for the week have been 22l In the
United States, against 235 last year.
"Bradstreet's Financial Review will say:
/ Inc principal inrlueht IN Sp"cuIation curing
the week was the announcement on Tuesday
that the modification Of the DinGiey tariff, ,as
reported by the seuate finance committed, in
| cluded in its provisions concession to the
sugar refining industry. 1t gave the signal
for heavy covering, not only In American
sugar, but In other parts OF the list. Re-
ports from Washington that the modified
sugar schedule would encounter strong OPP
! position caused n reaction in Sugar and a
cooling OF enthusiasm IN regard TO other
stocks. London speculation and the war In
the east had little effect on the New York
market The heavy exports OF gold were
also given little attention here.