The true Democrat., 1900-04-28
DUN'S TRADE REVIEW.
A BRIEF STATEMENT CONCERNING
BUSINESS MATTERS.
Large Orders for Textile Industries...A
Slight Decline in the Wheat Market.
Corn AdVances---l84 Failures Recorded
in the United States.

Slight Decline in the Wheat Market.
Corn Advances.-.l84 Failures Recorded
in the United States.
New York.-R. G. Dun's and Co 8,
weekly review OF trade says. Formal
reduction Of s5 per ton in the price Of
plates and bars and closing Of mills by
the American Steel and Wire company
have filed the week with surprises. In
the stock market and in the market for
steel and iron products changes have
begun. the end Of which cannot be well
foreseen. Apart from the disturbance
in speculation there has been produced
measure Of distrust regarding prices
that are maintained by the great com.
blnations which for the present tend to
further buying. In the iron business
the further reductions were almost
wholly anticipated in actual sales.
Some urgent and important contracts
have been made including that for
the New York tunnel, requiring 1000
tons at prices not stated, bus 10 is
known that many others have been
deferred until the prospect is clearer.
There is a slightly bstter demand
for hides at Chicago attributed to
their improving condition, but the
distribution Of boots and shoes does not
keep all the factories at work. Some
are closed, many more are running part
time, and very few Of those in opera
tion have orders for single month.
There is no room for doubt that greet.
ly restricted buying has Dsen caused
by the high prices asked, which the
makers declare unavoidable until price
Of leather yields.
The textile industries have large or.
derS yet to be filed which Keep many
Of the mills busy but there are many
others less fortunate and their hunt for
orders without much regard for prices,
causes irregularitY in the llnss not Of
established position. The staple wool.
en- and worsted goods hold steadily ss
the makers need no more contracts but
in less favored lines, both for mems
wear and III dress goods, the business
is by no means satisfactory. Wool has
been inactive, without change In
prices. Cotton goods are by some sold
at concessions for future delivery as
all realize that present prices will not
long control cost Of production.
Raw cotton is held at 9.s1 cents,
with all the more ease because there
seems to be nobody in this country i'm
patient to buy except in the speculative
markets. Northern mills have taken,
with the stocks they held last Septem.
Der, enough for the whols years needs.
The Spinnsrs abroad who have yet to
supply themselvs, are paying over 0.S
cents, the average export price for
S33. 600 600 worth shipped in March.
In spite Of the decrease in other ste.
pies there wers the largest merchan.
disc exports ever known except In De-
cembsr, 1898, and the value of the
minor domestic exports, chiefly manu-.
factured, rose to $50, 798, 500 in March,
q sum never approached In any other
month.
c Wheat has declined o fraction In
price and corn advanced a fraction
both markets being rendered compare.
lively inactive by the certainty that
the remaining foreign requirements
will be easily met
Failures for the wesk have been ly4
in the United States, against 1874 last
year, and seventeen in Canada, against
thirty one last year.