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Show DUN'S REVIEW OF TRADE. Business Favorable Apart From Backwardness Back-wardness of Season. NEW YORK. May 17. R. G. Dun & Co.'a Review of Trade wJU say tomorrow: tomor-row: Apart from the backwardness of the season, tho business situation on the whole maintains its recent favorable aspect. as-pect. The most significant movements Jn the Iron and steel trade, In which the west reports are of an expanding demand de-mand with premiums being offered In some Instances for prompt delivery. So far as this Industry Ih concerned there has been a complete breaking away from the hesitation that has hitherto prevailed and. In all Instances now point to a period of activity. There Is a broadening demand from the railroads with rail contracts still an Important factor, and car builders are booked well Into the fall. The larger steel plants are now operating close to capacity, heavy specifications having como forward on bars, plates, shapes, sheets and tin plates, while the output out-put of iron le on a larger scale than ever before. Deliveries of steel materials arc not so prompt as In recent weeks, and billets have advanced 60 cents a ton, with bes-semer bes-semer billets commanding a slight premium pre-mium over open hearths. Pipe und tube shipments this month are exceeding the movement In April and makers of wrought pipe have enough orders ahead to carry beyond the first half of the year. The backward weather conditions, coupled cou-pled with the strong advances which are demanded by shoe manufactures, have restricted business in footwear. In leather, pronounced strength continues con-tinues to rule. Sharp advances have again occurred In about all varieties of hides, especially packer stock. |