The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1900-06-09
WHAT
Bradstreets Says Of Current
Conditions.

NEW YORK, JUNE S-Bradstreet will
say tomorrow:
New business at Wholesale is of a be-
tween seasons character, but warmer
weather has offered a stimulus TO retain
business in some localities. chef activi-
ty and most attention is however, st II
concentrated on the price situation and
efforts to readjust quotations to most
current demand and supply conditions g
forward steadily. The exception to the
general downward trend Of prices Is that
furnished by leading farm products nota-
bly, cereals; but here the moving cause
Is hardly a favorable one, being the re-
suit of less satisfactory re orts, partic-
alarly from the northwest and 1t Is to be
acted that advices from the central w ST.
where the winter wheat yield promises
TO be very short, are also less favorable
The northwest had had some rains but
II is claimed, not enough to render the
situation free from danger. Corn crop
conditions remain favorable, as likewise
do those of oats, but the grains and hog
market have sympathized in the upward
movement Of wheat, which has at last
broken from its lethergy and is again at.
tracing speculative attention.
Foreign crop advices 1T might be add
ed. are not hatterng. The German rye
crop promises to be very active the
same report comes regarding French
wheat and English crop advices are not
q fthe best.
II, as has been claimed, lower prices
for iron favor an increased consumption,
current developments in that trade may
be classed as favorable, because conces-
slons are being steadily made in nearly
every branch Of trade. The price of Bcs-
semer pig and steel billets for the last
half of 1900 has been agreed upon the
suit being a srop Of 1G per cent in pig
iron and Of 20 per cent In billets from the
old nominal quotations which, however,
have not been closely adhered to of late.
Southern iron advices are of shading in
quotations. in sympathy with smaller ac-
zion taken at Pitsburg Chicago and other
iron markets. Prices at Birmingham are
now on a parity with those of Europe,
freight charges consiered, and here, in
ahe North, the possibility of labor trou-
Bles intrudes itself
Cotton is slightly weaker on reports
of heavily increased acreage, but the crop
Is late and the advices this week are
of an excess of rain in the Mississippi
valley and Texas Cotton goods are dull.
Wool is dull and on the whole, slightly
weaker at eastern markets. Mems wear
goods recorders of fair volume while
mills enga gade on women's wear goods
are fairly well employed The outlook
Savors lower prices for the new spring
weights. Little that is new comes from
the shoe business Leather is dull and
rather weak. Price shading are report
ed the rule in lumber and these coupled
with low water in the nuorthwest, it IS
hoped, restrict new productions
Surplus visible wheat supplies are de-
easing rapidly, lending interest to cur
Sent nufavorable crop reports. The de-
crease In American stocks as reported
to Bradstreets in May. was 13,33OOO bush
els against falling off of 9O33,OOO bushels
an April Supplies in Europe, Australia
and Argentina also decreased, though to
A much less market extent, an dthe result
IN an aggregate worlds supply on June
J. OF 143, ,5S3 900 bushels, a supply of 10,
s65 900 bushels less than on May l, and
comparing with a decrease in May year
ago of less than 900 900 bushels and two
years ago of an increase of nearly 2,OOO,-
~ buhsels.
Business failures for the week number
Bf as compared with 1876 last week, 17S in
This week a year ago, 22l in 1898 256 In
1897. and 234 in 1896.