The evening times., 1900-04-28
DUN's REVIEW OF TRADE.
A Tendency Toward Lower Price,
shown in Several Branches.

shown in Several Branches.
NEW YORK, April 2S.--Dun's Review
today says:
Gold begins to 20 abroad and prices OF
iron products break sharply in the same
week. -Four months of the new year have
passed snd business does not so expand as
to need tne large increase of circulation
which the new monetary bill has permit
led. nor enough to sustain all the extrsor-
dlnary advances in prices last year The
abundance OF gold and currency and the
T, large disbursements by the Treasury in
exchange of bonds have rendered rates
TO- money unusually low for the season
here. While rare industrial and specuIa-
tive activity in Europe with the war in
South Africa, have tended to make money
| dearer abroad
No new gold from Alaska answers the
loss OF supply from the Transvaal. and
America builds up in credits ab-oad a
breastwOrk against prostratfon in future
here as in the past. caused by troubles
in EuTops
The reaction in prices came where il
vas expected least, in the industry more
fully organized than any other to check
competition and in the branch which.
through contracts covering Tod-making
and other machinery and through patents.
seemed more fully controlled than snv
other Reductions OF $40 per ton in wire
nails, barbed wire. and galvanized fence
and SIS in smooth wire showed that no
control can afford to hold prices so high
as TO check consumption In a week the
prices OF iron products have declined $50
per cent Pig iron is weaker No. 1 local
COKE at Chicago, $3.50. and Southern pig
is also lower. Plates and tars can be OBJ
Ldlnpd f0r q hNnf I 1 h.
vance in sheets to $40 cents has not been
attempted, and the cut nail mills viii
now lower prices also
The tendency toward lower prices is
strengthened by the idea that overproduc-
ton may appear in other branches. In
cotton goods. after the rise of about 80
per cent following the advance in cotton.
It IS asked whether the surprising increase
IN Southern output has not cut off part of
the demand which Eastern mills 1nd insult
heient- In staple goods no change is seen
Cotton futures fell and recovered with
good prospects for the next crop Northern
mills having taken already what they will
require until September Nor has wooI
changed in quotations. though some sales
OF fair amount are reported al such prices
as 81 cents for Ohio Xxx and So cents for
eiotnins Territory cleaned. but manufac-
turers are not disposed to do ANYTHING
shipments OF boots and shoes from the
East in four weeks have been 3Os. .S23 cases.
against 339. .49S last year. 3G4. .O6l in 1895
and less in any other year.
Stocks were depressed to the Iogest
point since December by the closing Of
wire and nail mills and fear OF other in
dustrial results equally discouraging. The
railroad stocks after depression in SYM
pathy, recovered and closed 81 cents abovs
the bottom Foreign dealings in stocks
continue on a moderate scale. purchases
stiil exceeding sales
The produce marker is inactive though
wheat yielded a fraction and corn gained
one cent for the week Exports OF botb
continue larger than year ago. Exports
OF merchandise from New York in three
weeks have been 37.9 per cent larger than
last year. while imports here are 1876 psr
cent larger than last year but will falI
below exports by more than thirty mil
ions.
Exchanges are smaller than last wear
at most Eastern and Middle States cities
but much larger than last year througho out
the West and South so that for the week
payments through clearing houses are but
5-S per cent less than last year
Failures for the week have been 2O4 in
the United States, against IS4 last year.
and % in Canada, against % last YEAR