Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-06-29
TRADE REVIEW.
Woolen Mills Active, But With
out Concert.
Number of Failures in the United
States Greatly Reduced.
Leather is Slightly Lower for the Kinds
Not Controlled by the Leather Company
Lower Prices VIII Soon Be Made
for Coke-Bessemer Pig Lower.

New YORK, June 27.-R. G. Dun & Co.
will Saturday say:
Failures for the week have been 217
in the United States, against 256 last
year, and "a in Canada against 23 last
year
The monetary outlook is not yet clear
to some. The strength shown in re-
cent conventions by advocates of silver
coinage, and expectation that all the
elements favoring that policy may yet
be concentrated, incline them to a
waiting attitude Their uncertain.
ty retards Improvement, notwith-
standing the more widely prevalent
feeling that the monetary action of the
st. Louis convention will be sustained
by the people. But many mills have
waited as long as they can with safety
and signatures have been given by
enough cotton mills of Fall River to EN-.
sure a temporary stoppage, it is
said, the nature of which is
now under discussion in confer
erence with the Providence manu-
facturers. Meanwhile the Pacific of
Lawrence and the Naa mkeag of Salem
have closed for time, and practically
all the southern cotton mills will be
represented at meeting on Monday
with the same object.
Woolen mills are active without con-
cert; but IA are mentioned in dispatches
as having closed this week. There is
no similar movement in other indus
tries, though the period of summer
closing is at hand in many of
them and important controvers-
les as to wages of iron puddlers
and other hands made it likely
that the annual stoppage in that in
dustry may last longer than usual.
The weakness of wheat, which has de-
clined 2.10 cents, and of cotton,
which is an eighth lower for spots,
though less for futures. have full eX.
planation in decidedly good crop pros
poets. 1t may be doubted whether the
boot and shoe industry has ever been
in better shape on the whole, though
manufacturers complain that an ad-
vance in price is necessary which deal
ers are very reluctant to pay
Leather is slightly lower for kinds
not controlled by the leather company
and at Chicago packer hides are steady,
while country have advance shade
with small receipts. Copper is held at
1l.75. Lead is hardening at 3.O5 and
American tin plates are well sold at Is
cents below foreign.
The great combinations, which the
Iron Age wisely reasons tend to cause
disastrously low prices hereafter, still
control the markets both for material
and finished products of iron and steel,
though it is reported that lower prices
will soon be made for coke, owing to
better utilization of products and for
nails owing to heavy decrease in con-
sumption. The billet pool re-
ports no large sale, but
middle men or outsiders continue to
undersell it. The new demand for fin
ished products is very light; and, while
quotations average shade lower, most
of them are cut to secure business.
Bessemer pig is shade lower at Sl2.2
at Pittsburgh. The textile manufac-
turers, as has been said, are generally
devising curtailment of production,
and the only change in prices is down
ward.