The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1897-05-13
IS A GOOD SHOWING.
Nearly All win Be Astouished TO
Learn of Business DCne.
ALMOST REACHED BANNER MONTH
Averaged About 10 Per Cent. Less Than
the Month of April 1892 and
Per Cent Above ApriI of
Last Year

| Iast Year.
New York, Mays.-R. c.. Dun e. Co.
weekly review Of trade tomorrow will
say:
! Nearly all will be astonlshed to learn
that the actual sales in April by leading
houses in each line of business in the
principal cities east Of the Rocky Noun
sa.ns average only about 10 per cent less
than in April, 1892, the year Of the larg-
EST business hitherto, and were 81 per
cent more than in the same month last
year. Yet this is the summary OF 357 re-
ports, each covering actual sales Of lead
ing merchants in a line OF business in
one or fourteen cities. They are espe-
cially encouraging Ia view of the great
TALL OF prices within the five years, and
with exceptional floods and other influ-
ences this year. While speculative bus
mess in nearly all lines is small, and does
not swell clearing house returns. as in
previous years, the volume of legitimate
trade shows no corresponding decrease.
and the fact is one of the Slightest i'm
portance in all business calculations
Moreover, the returns of failures for
April by branches of business given on
ly by the mercantile agency show a de.
crease in number, amount and average
OF liabilities In every branch OF trade
and in nearly all branches Of manufact-
ure except cotton, although failures Of
Ave New Bedford mills for $1,000, ,734
make the total defaulted liabilities for
the month 40 per cent larger than last
year so per cent larger than In 1895, and
IL per cent larger than in 1894 The val
ue OF reserves tracing failures to partic-
ulars OF business is impresslvely Illus
trated.
Crop prospects are little better for
cotton because of the passing of floods
and the increase of acreage elsewhere,
and for spring wheat because the Gus
tomary acreage of injury to winter wheat
began to appear earlier and stimulated
larger sowing of spring wheat than usu-
al. Western receipts continue larger than
last year, 2,3iS.6O5 bushels. against o.
POS, ,957. and Atlantic exports also in
creased amounting to 1,49S,107 bushels.
-four included, against 1,4iO,167 last
year.
The weeks export of corn, 2,725,0i3
bushels, are smaller than in other recent
weeks.
The wheat market declined cents un
til Tuesday, and then rose 1I2 cents.
Liverpool speculations lifted cotton to
775, but II has lost sixteenth and the
consumption in manufacture does not ap
pear to be increasing.
The demand for cotton goods has not
met expectations, and neither the pro-
longed curtailment of production by ma
ny mills, the large distribution of goods
since November, nor the great auction
sales as yet suffice to reduce the surplus
OF the stocks Print cloths are again
lower, at 2.44, the lowest point ever
reached in previous years, and then
some kinds OF goods have found sufIi-
client demand to advance prices lit
tie. The expectation of better prices and
larger consumption in future still seems
to push the mills TO exceed present
wants The same Is true of wool manu-
facture in many instances. Orders and
sales thus far do not call for as large
production as appears, though IT is not
much below the maximum, but the in
crease of the demand has been encourag
ing. Sales of wool, at prices firm but no
longer rising, fall much below recent rec
ords, indicating that spectators are
growing less sure of early profits In
view OF the enormous supplies on hand.
At the three chief markets, they were
1, ,025, 200 pounds, of which 5,774,50 pounds
were foreign, and in five weeks the sales
nave been 49,537,75O pounds. against 49,
e37. 100 pounds IN the same weeks OF
tS92. when the mills were well employed.
The Anticipation of better prices and
great increase in the demand pushed pro-
iuction so far in iron and steel manufac-
ture that four furnaces in eastern Penn,
sy,vania and others in the PiItsburg re-
glon, and Ohio, have stopped. Besse-
ner pig at P!ttsburg has declined to
s9.40, and Grey Forge to $40. Pressure |
to sell billets lowers them TO S14. Tank |
steel plates have sold below / cent and |
common bars at 80 cents per 100 pounds, |
with black sheets in light demand at |
II so for No. q. Yet the structural |
works are well employed on old orders,
With others coming in, one of 10000 tons
'or the Montreal bridge and others at
he east and at Chicago. The rail works
are all busy on orders taken months ago
though there are efforts to revive the
pool. one contract for 10000 tons Of
steel plates Is reported, and some of the
in plate works are sold for the year.
rhe visible supply Of tin has increased
900 tons in April and tie price Is
'hade lower at Sl325. The heavy sales
,f lake copper are believed TO cover some
arge consumers for most Of the year.
Failures for the week have been POI
n the United States. against 2Ss last
'ear, and SO IN Canada, against "a last
'ear.