The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1899-04-15

Dun's Weekly Review.
New York. April 1l-R @. Dunn d CO.'S
Weekly Review of Trade win say sat-
urday. April l5.
There Is san increase in all Legitimate
business. and the productive power of
great Industries increases even though
some of thior stocks decline. The sharp
reaction I'm speculation week ago n
NO way affected the producing capaci-
hy of furnaces or mills. and has been
I'm part recovered. while the disturbance
of business caused by the formation of
great combinations has in large measure
ceased. The money market is IN safer
and more wholesome condition. and in
spite Of -four heavy payments by large
syndicatcs. amounting TO about 10000
O0l has grown easier. The only string
ency has been On call loans.
II Is not owing TO speculation alone
that payments through the chief clear
ing houses have been 500 per cent larger
than i'm tho same week of 1892, and 1898
per cent larger than last year. New
York transactions far exceed those Of
any previous week, 81. .fGS.50 400 in amount
but outside New York tho clelrngs were
as per cent larger than i'm lsgS, ana 4i8
per cent larger than IN 1N92 The truth
is that no such expansion In the 'sr-
al business OF the country has ever 'c-l
seen before and IL such records o--y
were considered there would be no ground
for fear that a wild passion of trading
had again lifted the whole business COM
munitv off it's feet But, Instead, there
| a. found surprising increase In the chiei
Industries. Naming first some of which
only returns Of raw materials imported
,rve definite indications, raw silk inn
ports increased 81 per cent foc eight
months Of the fiscal year over LAST hides
| 50 oer cent, linda rubber 2G, tin q and iib-
ers 10 per Get.
! The output OF pig iron April ! was 2i5,-
7s6 tons weekly against 22s .lgS tons March
| !. witt 115.11S tons decrease I'm stocks un-
sold ana 1900 tons in warrant stocks in-
dicating consumption in manufacture
of /. .O5G0is tons iu March Tho haste OF
! forty Of other furnaces to get into opera
zion. with their possible output of $1,000
! tons more weekly has helped keep
prices OF pig quite steady, although
strong. but tho demand for finished pro-
ducts is far from satisfied. The Maryland
steel company has ordered for 5000 tons
steel rails for the Chinese Eastern Plates
have sold at 2iO for sheared at Pittst rg,
but the leading mills there. and elsewhere
are crowded for months and many will
not quote at all Large contracts were
closed i'm structural works one for 5000
tons just before the advance in prices
but Chicago orders this week cover G,Gll
tons bridge work and everywhere ther
is much business I'm sight.
hfnTnroT ..t.r rtrn.
poets Of consolidation. but though few
orders for bars are taken just now q
the west. the Philadelphia market is NOR,
steady. steel bars rose 81 per ton a
iPttsburg; and the heavy demand Tor shee
makes prices very irregular with many or
ders refused
The Connellsvlle coke product, 1916
tons for the week, surpasses an record
and prices are steady as before quoted
Lake copper is strong at 1880 ana scarce
and tin vent up with London declinini
only 90 25 per cent.
I'm spite Of some strikers because wages
were not raised ass much as hands eX
pccted. the cotton industry has vai!
good demand and most of tho mill am
working satisfactorily A southern com
lbinatlou Of nne goods makers IS propoa
, ed like that Of Fan River mills whio
has kept prices quite steady of late
- Wooden mills have begun TO buy woo
more largely, though at prices much @
their own making. but there is improv
ing demand for goods, with light weigh
purchases continuing surprising for th
season. Sales 0f wool at the three mar
kcts have been lG792.O00 pounds In tw
weeks. against 1886, 900 pounds last year
wheat advanced apout Y cent, account
of injury discovered sinae April !, sup
plemcnting the government report. Wer
t.e worst Of tho stories true, there is ye
spring wheat seeding 20 make up fo
deficiencies, though the season is got
ting rather late. Exports have been re
duccd. Atlantic -four, included, amount
tng 90 $500. $50 bushels for two weeks
+ against 5.2s5.lgs bushels last year, an.
Pacific to5A 5G2 bushels, against 2O93'
ai2 bushels last year, with other export
sOG.377 bushels
Corn is ashade stronger ana IN tW
weeks exports have been G,lA.G93 hushel
against s.Il6,GN bushels last year.
Failures for the week have been lN i
the United States, against 2i last yea
land % in Canada, against is last year.