The Montgomery advertiser., 1902-03-29
WEEKLY TRADE REVIEW
FAVORABLE WEATHER FACILI- TATES EASTER BUSINESS.
General Distribution of Merchandise Exceeded That of Previous Sea sons, While Prices Were Well
 Maintained-Failur

NEW YORK March 2a-R. C. Dun & Co.'S weekly review of trade will say tomorrow: Favorable weather greatly facilitated Easter trade. the volume of transactions in all lines of wearing apparel being of exceptional mag nitude. Activity was by no means restricted to the specialties however. the enersi ais, previous seasons, with prices well maintained. A distinct evidence of the vigor of legiti- mate trade is found in the decline of only 2t 4 per cent in bank exchanges at New York, notwithstanding the fact that transactions at ,h ,he stSck % & were mo, more & snah last year. while at other leading cities clearing ex- hibited a gain of e.e per cent: over last year an eight hour day after May 1 by the blast furnace men was the most disturbing feature in the iron and steel industry and this is not causing much alarm, as an agreement will probably be reached during the intervening month. Production is now beyond all previous records and the movement of coke is ample, although the early opening of lake navigation may withdraw some of the transporting facili- been notably active in bars for implement makers and producers have sold their entire output so far ahead that new business is not sought Many plans for immediate structural work have been abandoned, owing to the in- sufficient supply of available material. On for ras and ars other suspes hy sumers who have secured larger deliveries than will be needed. The appearance of this specu- were more excessively inflated Aside from the advance in bar iron at Pittsburg to 80 ana foundry iron at Chicago to SIS. oO. there are no important price changes. Southern fur naces products having decided to postpone the contemplated advance.
 A severe reaction occurred in cotton, due entirely to the excessive speculative purchases which made the market top-heavy.
 slight recovery in coffee from the bottom price must be attributed to aggressive option buying the statistical position is, not im- proved. Brazil receipts exceeding last years high record to date by over a third.
 A temporary reduction in refined sugar. was quickly restored the market for raw goods became very strong. Meats again advanced in being the largest single order ever placed for the British army.
 Weakness appeared in the cereals early in the week when there was a certain unanmity creased acreage. Subsequently there was par tial recovery owing to less cheerful news from Kansas and Oklahoma. but the net result for the week a decidedly lower range of from the satisfactory record of 4.657.625 bushels last week to only 3,O69. 642 bushels this week. which compares with 3.036. 332 in the same week last year. There was a de- els. against 4.o52. sos a year ago, but the difference in arrivals of corn was less strik- ing. i.e76.o64 bushels. against 2.6S2.st6 year ago Atlantic s shipments of the minor with 2946,4 46i in 1901. According to an analysis of the official returns by a Liverpool authority there will be only l3.o00 bushels of wheat in this country at the close of the ports for the last four months of half much as the record breaking shipments of the pre- ceding eight months, which Is extremely im- probable. A further alteration in the figures mate of the total crop.
 Failures for the week numbered POS in the United States aainst POS last year and 22 in Canada, aainst 29 last year.