Show I ffl SCGJY OF WOOL Average Quotation Reduced in April One Cent SALES HAVE BEEN SMALL However They Have Been Much in Excess of Purchases for Consumption Consump-tion Market for Goods Except the Most Favored Staples Has Been So Far Unsettled and Irregular as to Glvo Sinnll Encouragement for Buying Wool at Current Prices Interior Holders Are Still Strong Now York May LR G Dun Cos Yoekly Itevlew of Trade tomorrow will say Failure statistics for April arc especially valuable because they show that there does not exist In the most important branches of business the conditions which threaten disaster They call attention lo one line In whkh some curtailment had seemed from previous returns to be in progress pro-gress and has bcon hastened by extensive I tensive strikes In the building trades Th state of business has ben rep reonted to lit and Is used lo support several hundroxl theories already The simple fact Is that some reaction from the abnormal excitement and expansion expan-sion and rise of prices last year was necessary to COIl I itmui prosperity Its duration may be expected to depend de-pend upon the promptness with which prices and production adjust themselves them-selves Iu actual demands Much progress pro-gress In that I adjuslrncnt has been made during tho past week with in crcasCl activity already resulting Strikes springing from disputes about the terms of work and wages for thn coming ycar have also made distinct progress toward settlement The reduction in prices of Iron and steel and their products has gone far enough to bring out much new buslj ness At the end of lust week cut nails were reduced 11 i per cent per keg and In plates and bars somewhat lower prices have been reported Prices for sheets havri not yet been named but In pipes and lubes I there I in somo yielding with larger business In fence and other wire since the reduction i Not a sale of Bessemer pip is reported the association still asking 2190 while I Eastern pig is offered at Plttsburg below be-low SIM and local forgo Is lower sit 20 with Eastern at 1875 Eastern markets are Irregular with a growing belief that an output exceeding consumption con-sumption will reduce prices until the demand again expands There are large foreign contracts for pig pending and important sales of finished products for export have been made It helps I toward better adjustment that coke Is quoted 1 per ton lowci than a month ago and anthracite an-thracite coal has also declined The close of the wool year hilLs come without the scarcity which some expected but with the average of quotations quo-tations by I Boates brothers reduced In April about 1 cent Sales have been small and yet much In excess of purchases for consumption The market mar-ket for goods excepting the most favored fa-vored staples has been so far unsettled unset-tled and irregular as to give small encouragement for buying wool at current cur-rent prices Intuilor holders are still strong hoping that the end uf the season brings the end of manufacturers manufactur-ers stock VSKon goods have also shown similar sim-ilar weakness in transactions for future fu-ture dcllveiy and new business Is narrow nar-row Lnlil prospects for the new crop are mor settled the pressure of ICnglish spinners for supplies tends strongly to hold up prices here though foreign mill stocks are now heavy April exports of brandstuffs have been large both wheat and corn surpassing sur-passing last years record Atlantic exports of wheat in five weeks flour Included have readied 1IOS0003 I bushels bush-els against 107H7PX last year Pn rille exports t5rjl50 bushels against li00077 last year Corn exports Ifi 173337 bushels against UOD07I7 last year In spite of conflicting stories the movement of wheat from the farms continues larger than a year ago The prir cloned as It opened while corn declined 2 cents All exports from Now York In four weeks have been S31 per cent or over 11000000 l larger than last year and with the gain of 13000000 in cotton from other ports the months aggregate aggre-gate for merchandise should rise above a 1 hundred millions Imports show u small gain but will hardly exceed 70000000 Failures for ahe week have been 200 In the United Stales against 15S last year and twentyseven In Canada Can-ada against twentythree last year Flour shipments this week are very large Wheat Including flour shipments ship-ments for the week aggregate 153702 bushth ngalnst CtiGJM bushels last wvik SSOS1 In the same wek of LSI LS2377o bushels In 18JS 1709322 bushels In 1S07 and ISS271S bushels In 1890 > For the week failures number In the United States 153 as compared with 182 last week 101 in this WLek a year ago 1MO In 1898 L2S In 1S97 and 1G7 In 180C Failures for April In the Dominion of Canada wen fewer than In April a year ago but liabilities were nearly 1G per cent heavier BRADSTREETS VIEW Subsidence of Demand and Leveling of Prices is Noted New York May Bradstrcets 1 tomorrow to-morrow will say A further subsidence of demand and leveling of prices Is noted In several lines this week this being no doubt aided by the unsettling effect of the rather more than usually disturbed considerations In labor circles cir-cles Its net result Is something approaching ap-proaching dullness In many channels of distribution Increased conservatism In the making of ventures and a disposition dis-position to digest business already arranged ar-ranged for before making new engagements engage-ments That the basic conditions of general gen-eral business such as ths outlook for the crops the export deinand and time Increased purchasing power of the people at large have riot lcen much reduced but on the contrary actually Improved scorns evident from the adV ad-V Ices I received this week Business at wholesale is relatively I quieter which Is not unusual at this I period but more than ordinarily I marked attention Is being concentrated upon retail demand which is of course relied unon as a measure of progress of actual consumption TouchIng Touch-Ing this public demunfi It may be stated that relatively best rsport comes from thu Pacific coast and from the Northwest FINANCIAL REVIEW Diminution of Activity and Littlo Interest in Speculation New York May Hradstreels I ro vltw pf Hie New York stock market tomorrow to-morrow will say A further diminution diminu-tion of activity and falling off In the publUK Interest and participation In Hpfdilution wri th fcaturrs of th DtOfk mirkil lM I wofk Th voUtnio of transactions was small and would have been almost insignificant but for I the manipulation which has kept up in American Sugar and tho I somewhat similar I pnucvdlngs I in I Missouri Pt cliJc Apart from the I above the principal prin-cipal noteworthy Ircitinstances w ore the continued hfnvy ton of lie In I dustrlalw and lit readiness of the I steel j I stocks In particular to sell off either I on liquidation or boorish attacks But for the covering on short contracts I I here would uoem tu he very little sup 1 port In that portion of the I market and the adverse Influence I of the Industrials of course again aided In rivaling a weak lone in the I railroad share list l except where mnnipulnlvn I support J was extended TliMio were no declines of great Importance however and thrt market was comoanithvly indifferent to I tho t ongnKVMmni and shipment abroad of JfiiCOO gold Money Is easy rind the r < fundy Increase In I tin t i national na-tional I bank ilrculailon unOer Iho new financial I law Justifies the I conclusion that I the transfer of u mrtaln amount of gold to London ami Paris this spring ivlll hove no bad cffccta on the I situation situa-tion liore The London niarkit It may bo observed Is in a state of Inaction closely resembling what prevails here and the I gold shipments troubles I among Industrials a md sagging oil the I railroad stock Hut have hcckrd Jhe foreign disposition to t buy Aim rlean stocks Tho European participation In the market here wan accordingly much smaller I this I wck than I for sonic time back and represented ns much selling na pin chasing I Ju Inllueiif I therefrom I being on the I whole nderpe to our market Tt would appear that large Interests are firmly holding i railroad 1 securities In largo blocks with a view to further advance In all iiuonu yielding storks when the t liquidation in I Industrials I has spent Its I force and the I expansion of tin circulation has Its uiu cITeci on money rates and the financial situation throughout the country Bank Clearings Now York May I The following table ta-ble compiled by Bradsireot shows time bank clearings at all tho principal cities for the wrek ndlnp May rd with Limo percentage of Increase and decronso as compared with time corresponding week last year inc Doc New York l1S77SfC > UiS Boston JllftXUlO 110 1hikag I 0960195 Philadelphia o9filvt1 n I St Louis S16 < S7SS Os PUtslHirjr 35OVf > 7 ° ltj Baltimore IKrSUTT 271 i San Kranclsco 2lri07i 3 lofi Cincinnati I 1lllPui 1 tit I i Kansas < lty jiObvrl 277 New Orleans 8l MVW ° ISl I I Minneapolis Jl71 J 3O Dcirolt RIWIW i < luvoland > Mo7i I 11 G o iotmIsilhe 00a o Providence 7nircOii iO Milwaukee 1071fti lJ St Paul 1101 Wl o Buffalo 111070 nO Omaha t2nns iPr Indianapolis r > > iV > rA1 II I Columbus I O liiffiiOO Sivannah J11IVJ1 M7 Denver JOlliBS 182 Hartford 2 liVISIO 7J nirhimmd H77Jt Memphis 2S22tC 179 Washington 2 ISi31 litJ iVorlu 1 22MM 5 2 Uochefler 2HII2I II Now IlaVon il7ii7t 1 i nn Worcester UOiftM 227 Atlanta 1271UM 2 > H SALT I LAKE CITY 2IOtHrt IS SpriiiKllcld Mass 1H520J 3Ti u Fort Worth 2 310Srj 101 Portland Me t Il7l3iit SK5 Portland Or 1US3S5S S7 Si l JrHcph Iia lIZ II I 0 Los Angeles 21014JX 10 9 I Norfolk 11310V y tl Syracuse 12S72tJO Upv MoInes JS77S7S 204 Nashvlllo 1M70S Wilmington Del Wl ic I 1It t Fall River fT77vn JI Scranlrni 121S1II j i i 107 Oranil Rapids 1 011703 ln Aiittuxtn Ca stfoll ZZ9 LowiII 1 uU S3 1 Da > lon Q lLiiTirlX 2rtO Senttlo 17C2U2C WtJ Taconia Mff712 353 Spokane 99Oi SI iI I sioux city i2xs f > in Now Hertford 45it2n 2SS Knoxvlllo Tcnn IO29I7 32 Topeka tsnrflG 70 lilrmliiKhQin 7SDHH isl Wlrhlta tni417 71 Binghamton liMJO 237 Lexington ICy i 117 02 0 Jacksonville Fin J071 lln Kalamrzoo l < vl3 1SO Akron 1I701 95 hattanootru tlO711 X l Roekford Ill SI09SX Canton 04 illiwo Springfield U 0 276I6 I Fargo N D 222 iOT 110 Sioux Falls S D 117518 20 I Hastings Neb 1K SI7 ESS Frrmont Neil nr12S 1ol Davenport fif > ° 22Sl Toledo 2087822 222 Gulvcston ri332OCO S Houston C078DJO 10S Helena I2673 SI9 KvnnsvllI6 975179 321 1 Macon 132 CW Ho Littlo Rock nlllST Sprlngileld Ill i2iGi A Youngstown MJOK 1SO Sngnut w rii5S Totals U S S115SSCG17 H5 I Totals outslcio New York 637103 ill 3fi DOMINION OF CANADA Moimtreal 1l2J69l4 St loroumto 90I4 IoS Winnipeg 151 halIfax 104 Hamilton i01S i I SI John N C J5JW r 6 Vancouver ZSS J o Victoria ir0 Totals 5 27032850 212 |