Show STATE OF TRADE an interesting summary by bradstreets from all over the country the follow ing re view of trade is given by bradstreets for the last week the moat striking gain is noted in pig iron production of which owing to strikes heavy rail rates and a demand has been curtailed tons weekly a compared with the output three months ago at western centers the late revival in the demand continues and there is increased strength t philadelphia and new york no advance appears likely in the near u ture after the enormous output of 1890 and with prospect of anly moderate railway extension steel rails are firmer now that the mill which refused to combine on prices has been consolidated with its principal competitor but the anthracite coal combination to restrict output is one which does not restrict as more tones had been minded and shipped by march 7 1891 than in a lika portion of 1890 the industrial situation is boet especially in coal mining though fewer miners idle than last week the coke strike is not ex pecked to continue long as iron producers rather enjoy its effect now that demand id slack the building trade outlook is less favorable at chicago philadelphia and milwaukee A contest is promised in the clothing trade at rochester leather and bides are firmer at boston and the latter are higher lumber too is more active ana rubber prices tend upward at philadelphia woolen spinners report an improvement in the demand at new orleans the movement of staples has been standing high water threatened floods and wa shouts of railways throughout louisiana kansas city reports a movement in wholesale esafe line while omaha merchants are evidently cautious to prevent overstocking over stocking by their customers hog products have been in active request and prices or higher at wistem live cattle are loc and hogs hillier hi glier refined sugar is duty paid being in less active demand business failures in the united states this week number against last week and this week last year the total january 1 to date is 2953 against 2967 last year bank clearings at 56 cities for alie week are a decrease from this week last year of per cent new york cites cle akinas are per cent leaa than for the like period last year at 55 other cities the gain is 7 10 of 1 per cent marked dullness accompanied by improvement in prices prevails in share speculation there is no activity but a better feeling regarding the foreign financial situation and the lavo rable outlook in regard to tho croos and railroad earnings tends to sustain values money generally throughout the country is moderately active with rates not materially changed from last week reports from twelve wheat product ing states east of the rocky mountains and three on the pacific coast indicate a probable total of wheat in farmers hands two weeks ago of about bushels this points to smaller stocks of visible and bush el than on march 1 in any of the proceeding seven years it is also cal that only bushels of wheat remained for export and reserves both coasts on march 1 after allowing bushels for home requirements to july 1 next weather conditions are against dry goods trade at the east the commission branch is duil demand is oula fair but prices are steady wool is in fair demand australian being most active cotton speculation is active at an advance of c on spot on free buying partly by the shorts owing to restricted strict ed movement and probably decrease in acreage this year caused by low prices exports of wheat baye fallen off on the pacific coast but are larger iu the aggregate bushels wheat and flour as wheat both coasts against bushels exported in the like ipek last year shipments from united states ports onla from jelv 1 to march 12 equal against in a like hare of 1889 90 biere is a demand for pacific coast from the west coast of south america and from australia but no tonnage is available at san francisco where wheat is now firm at per bushel the foreign demand present aej expected with good home request backed by testie bony as to reduced home supplies have put up wheat and corn ac per bushel each and trading in both cereals at new york has been heavy that section 8 of an act entitled an act to repeal timber culture laws and lor other purposes approved march third eighteen hundred and ninety one be and the same is hereby amended so as to read as follows SEC 8 that suits by the united states to vacate and annul any patent heretofore issei shall only be brought within five years from the passage of this act and lo 10 vacate and annul patents hereafter issued snails only be brought within six yeara alter the date of the issuance of such patents and in the states of colorado montana idaho borth dakota and south dakota wyoming and the district of alaska and the gold and silver legions of nevada and the territory of utah in any criminal prosecution or civil action by the united states for a trespass on such giitl ic timbers land or to remover timber or lumber cut ereon it shall be a defense if the defendant shall show that the said timber was so cut from the limber lud for use in st ite 01 territory by a resident thereof for agricultural minim manufacturing or domestic purposes under rules and regulations made ana prescribed by the secretary of alie interior and lias transported out of ohp same but nothing herein contained shall operate to enlarge the rights of any railey company to cut lim ber on the public domain provided thai the secretary of the interior may inake suitable rules and uin t an out the ns of this iut and he may the or t acts ol 01 and it here timber inny be cut and it ahll nt n t le awful to remove any limber except an may be prescribed bv such rules and regulations but this act shall not operate to repeal the act of anft third eighteen hundred and seventy eight proM din for the cutting af on mineral lands approved joarch S 1891 |