The commonwealth. (Greenwood, Miss.) 1896-1923, 1897-05-20
pUN's COMMERCIAL REVIEW.

Products. While others Reach Low Ell
F~igures-Present Conditions Only Tenn.
porary, Yet They Tend to preseni I'm
medt.tc Improvement In General Trade
and Hinder Investment.
New YoRf;, May l5.--R. G. Dun &
Co.'S weekly review of trade to-day
says;
Spectators have enjoyed an advance
in wheat, corn, cotton and some other
products, though obliged to sell wool
and sugar at lower figures in order to
realize. Stocks have advanced seven
cents per 300 and trust stocks lost 80
stitute Il market. Imports of mer-
chandise, Sls.3s2, 0I5 for the week
for New York alone are "a
! per cent, larger than a year
ago, making the increase ~ per cent.
for the past week, and have affected
the exchange markets and helped fur
Their shipments Of gold, which AMOUNT
for the week to 81, 80, 900, but are prac-
tlcally balanced by receipts from the
interior and cause noscrious %apprehen-
sion Of financial disturbance. Men
feel that present conditions are only
temporary, although they tend to pre-
vent immediate Improvement in gen.
eral trade and hinder immediate in
vestmentS.
The government reports estimate the
cotton acreage at six per cent. less than
last year, and this is considered en-
cOuraging, because 50 slight a decrease
from the floods may easily be made
mp. Prices have advanced an eighth
on Liverpool speculation, with moth
ing here to warrant the rise.
The winter wheat report, which is
supposed to indicate Il yield of 297, 000,-
900 bushels, Is contraSted with state
reports much better or much worse.
but is distrusted mainly because all de-
partlnent estimates of acreage for years
have been wildly erroneous. Western
receipts continue larger than last year.
., 100, 1913 bushels, against $50, 1857 n
year ago, and Atlantic exports also in |
crease, for two weeks Of May, amount
ing to 3, log, 900 bushels, flour included,
against 2,ob5, IA last year. Exports of
corn are still large, $500, OBS bushels
two weeks, against 1904, Isl last
year, and in part account for the
smaller demand for wheat.
The output of pig iron for the week
May was no., BPS tons, against
April 1 and the stock unsold,
exclusive of those held by the great
,teel-making companies, increased only
5, sos, 600 tons. Several furnaces,
especially those producing foundry
have stopped production for the
month, but no important changes ap-
in pig iron, which is quoted at
1873 for gray forge and Pittsburgh, and
s9.25 for Bessemer and Slo for No. | at
York, though only Sl0.2 % is asked
or southern.
Reduced southern frcights here have
altered the market materially, and
1t Chicago also the local prices have
'ecn reduced. The demand for fin
shed products is below the capacity of
works in operation; the award of the
for the Montreal bridge,
which is said to be at 80 cents for beams
nd consumers, has occasioned trouble
n the beam association and there are
cports that it has dissolved.
Angles are quoted at 95 cents per 100
pounds, "A shade lower. and steel plates
re quoted lower here than at Phila-
Copper is active, with sales of lake
t lo.S5, and tin plates are quoted ten
prices fixed by the association
nd five cents below prices Of some
rades of foreign plates.
Nothing new can be said OF the cot
manufacture, which still lacks de-
iand enough to lift prices of cloths
below the lowest point ever
nown.
In general products prices are about
,oderate. Wooden goods are doing
than for weeks past, and yet
here is not enough demand to create
or to raise prices, while
is great uncertainty regarding
le future of the market. Sales of
'ool have sharply decreased.
Failures for the week were 26t in the {
.nited States against 224last year, and
in Canada against 80 last wear.