The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1900-04-21
BRADsTREET,s REVIEW.
ic Conditions Remain Favorable.
Steel and Wire Disturbances.

|
W York. April 20-Bradsti eet's tomor.
will say; More rather than less. lr-
farty in the trade and price situation
Be noted this week. partly the result
feather conditions. hut partly. as in the
Of the iron and steel trade. because OF
continuance of those missionary efforts
be direction of lower prices. which have
such feature of late. That the basic
ltions OF trade remain on the whole IA
Bile Is, however evidenced by n number
Features. Railroad earnings continue
y. aud the decrease noted in bank clear
10 chargeable largely to religious and
holiday obseryances and to restricted
speculation. Heavy rains and cool
her early in the week had a depressing
/ on trade and collections.
bear campaign in iron and steel took
new phase this week when number OF
mills were shut down, as alleged, he
E OF an oyersupply of these goods. The
Puncement has had an unsettling effect
the general demand aud new domestic
ness is interfcred with. The strength
he EXPORT demand previously noted in
e columns is still a feature and We
me best Of reasons for believing that
IN large quantity of Southern iron. va
fly estimated at 10000 to 10000 tons. was
ms week TO 20 abroad at nearly or
i full prices Price changes are mostly
lines heretofore noted. though some
palmetto weakening Of pig iron is re-
~, wire prices apparently are un-
seo. Steel blllets are weak at the de-
reported la week. and bar steel and
IS are likewise lower. The other metals
Shown reactionarv tone this week
anthracite coal remains seasonahly weak.
lalk OF impending labor troubles has
sned bituminous coal at most markets.
unsteadiness of industrials for some
PACK. in the face of the rising tendency
ahfoad shares, has already been fully
ieu 10 and II can not be said that Wall
was altogether uuprepared for decline
y portion Of the market. What surprised
osnayed the speculative public in con-
on with the severe break in American
ana Wire stocks and the other steel
su'es was the apparently we'll founded
mat the closing down of some Of the
anys mills, though perhaps warranted
us.ness conditions, growing out Of over
ssHon, mas decreased consumption at the
~. nign prices, was attained by heavy
OF both the common and preferred
~ inside interests. In fact. even II
Ssehnes in finished steel products fur
proper cause for the action OF the
IE IN lis suspending operations for the
ns u was promptly concluded that
ahef 10 which this was DOM and the
na'uie OF the announcement left little
nors 70 the speculative reason behind
~, under these circumstances, par
as there were prompt combinations
rsp,a. epofted concessions in steel prices,
~ an OF the iron and steel stocks,
psrs exceptions, shared more or less in
i break and were only rallied by
.hssserlns OF short contracts. The rail-
IA hsti which at first was inclined
sji,,,M ground in the face of the de-
q. is Of the industrials. developed
N, less irregularity and weakness. IA
sss crop prospects in the west have been
,bs. ~ connection with the granger rail-
y o. the list. 'D' 40
M. sesn Weak market for the cereals
srg ssrieultural products, these ad-
H. sSdlty this week but weakening to-
,he .n,an The strength OF pork products
ihera ~ movement has stimulated corr
oshsr .. iess weakness in this than ir
49, cereals. Stormy weather and flood
l,s, ~ courses at the South have checked
Ia y. cotton planting, but this feature
M, hausucal STRENGTH OF the markets
mi oreh sufficient To produce any out.
tuod. musement while the uuIetuess II
n havsa na the weakness noted in cottor
ia ,een additionally discouraginl
ino,,,s,, weak, but there is rather
b hiphss, ana now, as one year ago. rela,
ted ,h Backward weather conditions hay,
rk.r :, 'alnher trade. but in this. az II
,ndsd V'ner lines. the advanced price'
n. ~ credited with checking husi.
slhle h, n'essure ~ heavy supplies is re
,,ire :, tne slight weakness shown II
b, rem.; NV sugar this week; the refined
r'NNr inAuon -rSu-
nErkst s n are azain reflected II
Ftrrd nrsr GARY products, which ha.
under LARGE receints.