The star. (Reynoldsville, Pa.) 1892-1946, 1900-05-09
REVIEW OF TRADE.
The General Oulook is Far From Discouraglng
Foreign Commerce Continues Active.
Iron and Steel Status.

r. G.. Dun & Co.'S Weekly Review oil
Trade for the week, says: Failure re-
turns for April are especially valuable
because they show that there docs not
exist. in the most important branches OF
business, the conditions which threaten
disaster They call attention to one
line in which some crrtailment had
seemed from previous returns to be in
progress and has been fastened by eN-
tensive strikes in the building trades.
Some reaction from the abnormal ex-
element and expansion and rise OF
prices last year was necessary to contin-
ued prosperity Its duration may,
therefore, be expected to depend on the
promptness with which production and
prices adjust themselves to actual de-
mands Much progress in that adjust
ment has been made during the past
week. with increased activity already
resulting. Disputes about the terms oi
work and wages have made distinct
progress toward settlement.
The reduction in prices OF iron and
steel and their products has gone Tar
enough to bring out much new business.
| In pipes and tubes there is some yield
ing, with larger business in fence and
|
| sale of Bessemer pig is reported, the
eastern pig is offered at Pittsburg below
$4,000 and local forge is lower at $4,000.
with eastern at SIo75 Chicago local
coke has declined soc and Southern also.
There are large foreign contracts for
| pig pending and important sales OF fin
ished products for export have been
made.
The close OF the wool year has come
without the scarcity which some expect
ed, but with the average OF quotations by
Coates Bros. reduced IN April about l
cent. Cotton goods have shown weak
ness in transactions Tor future delivery
and new business is narrow.
April exports OF breadstuffs have been
large both wheat and corn surprising
last years record. Atlantic exports oi
wheat in five weeks. flour included. have
reached II,oSo,oo3 bushels, against Io,-
744,7o8 bushels last year Pacific ex-
ports, 3,I53,2so bushels, against 2ooo 737
bushels last year, and corn exports, 49,
73,337 bushels, against I2,74o,o42 bush
els last year.
All exports from New York in four
weeks have been 37.4 per cent, or over
| nii'oOO'oJu RCT llldI last year, dnt
with the gain of $4,000 600 in cotton
from other ports the months aggregate
for merchandise should rise above $780,.
100000, Imports will hardly exceed
S7o.ooo,ooo.
Failures for the week have been zoe
in the United States against I5S last
year, and 27 in Canada, against 20 last
year.
Bradstreet's says; That the basic
conditions OF general business, such as
the outlook for the crops, the export
demand and the increased purchasing
power of the people at large, have moi
been much reduced, but on the contrar,
actually improved. seems evident from
the advices received this week Busi
ness at wholesale is relatively quieter
but more than ordinary marked atten.
ton is being con ,entrated upon the re,
tail demand. Good crop prospects anc
the weakness in provisions. charged
partly to increased receipts OF hogs, bu
also attributed to 5ear operations b,
packers. have exercised depressing Is:
huence upon corn ard wheat.