The times. [volume] (Washington [D.C.]) 1897-1901, 1901-04-13
DUN's REVIEW OF TRADE.
Better business Conditions shown,
Even Textiles Improving.

Even Textiles Improving.
NEW YORK, April 12.-Dun's review
tomorrow win say:
THE tone Of general business has been
better this week. Marked activity in the
distribution of merchandise is reflected
in the gains of 45.9 per cent I'm bank clear
ings at New York, compared with 1900.
and 20S per cent over 1893, with gains of
1876 and 1913 for the same periods at lead
ing cities outside New York. Even the
textile markets show pronounced gain.
Activity in the metals division has
taken pig iron production to near record
figures, and some dealers do not see how
production OF partly finished forms this
year Is to be made to meet the demand.
The Government report OF the condition
of wheat on April l is the surest posi-
bic basis upon which expectation of con-
tinued commercial prosperity could be
founded.
"Stringency of money is largely local
in New York, and does not alter reports
from most of the larger cities of favora-
BILE conditions in collections. Railroad
earnings in March were "a per cent larger
than last year, and 32.4 per cent over
1893, according TO practically complete re-
turns.
cordins' to the Iron Age, was at the rate
of 1850 tons weekly. This quantity has
been exceeded twice in the history of the
industry; on December !, 1893. when $685.
$50 tons were produced and in February.
1900. when the output was 23s,0l4 tons.
The remarkable feature of the situation
is the decrease of Co. 8s tons in furnace
stocks during March In the face of this
enormous production, while in six months
the loss in supply has amounted to 2os, 656
tons
Mills are ssi.c1tly taking material
freely. as at the earlier ..ates when the
yield of pig was at the present high rate
there was accumulation at furnaces.
quotations are generally steady for all
forms. except plates. on which 81 q ton
more Is demanded without restricting
purchases. Contracts for delivery of pig
iron do not, as a rule, extend beyond the
end of this month. and furnace stocks
cannot be expected to continue decreas-
ing, unless new business comes forward.
for many furnaces have gone into blast
since the month opened. and production
record
Manufacturers have taken two large
terial, despite the active domestic bust
ness. Bessemer ore prices were fixed at
a reduction OF N.25 from last years list.
which was surprising In view OF the great
advance of the finished products.
Speculation has been unusually heavy |
In foodstuffs, the local marksts averaging |
more than two million bushels of wheat |
daily Prices receded sharply from the !
top point of two weeks ago, wheat losing |
about cents for spot.
Textile fabrics are in better position, |
although Improvement is slight and con-
lined to few special lines. At Eastern |
WOOL markets, manufacturers have taken
sumcient new material of late to indicate |
better orders for goods and news from
he West suggests that ranch owners are
going to hold for better prices than now
prevail
I'm the cotton goods division there has
been more buying for China. while spring
Try goods openings make encouraging |
exhibits. The raw material lost most OF
asst week s gain. spectators making no
assistance to the weakening influence of
anger receipts and lighter exports than a
ear ago. Besides the international cur
ailment OF spinning there has been fur
her reduction of operations by spring
loods. In silk goods more activity is re-
ported and another trihing advance co.
urred in raw material
The money market ruled stronger all |
he week.
Liabilities of failures In the first week
+ April were 81, 322 734. of which Si57. 5l
ccurred in manufacturing. 1857. 052 In trad
1s, and $l9S Isl in other commercial lines |
. year ago the amount of defaults was
!, 49,. 235.
Failures for the week numbered 203
4 the United States against 1893 last year
nd "a IN Canada against IL last YEAR