The times. [volume] (Washington [D.C.]) 1897-1901, 1900-06-30
DUN's REVIEW OF TRADE.
Political and Other Conditions Gre
nfinr n Sfnfs. NJ Unccrfnintx

ntinE State of Uncertainty.
NEW YORK, June 29-Dun's weekly
review of trade tomorrow will say:
THE country begins to feel some of the
effects Of its new place among the nations
Influences affecting its business during tue
week ranged all the way from boycott
at st. Louis to war in South Africa; and
some sun spots to the relief OF Pekin.
DrOuths and sun spots have played their
part before, but none can quite fotssee al,
the results Of defending American rights
in China.
Political influences also tend to color
current opinion about most things In Presi-
Dental years. This and other influences
work together to create a state of uncer-
tainty until the controversy is over.
The long effort to hold nominal prices
for iron at Pittsburg has ceased. and the
associations now recognize an open mar
ket. in which Bessemer is offered at fi9
and billets at S26, with grey forge at 81.
With steel plates quoted at 81 80 at Pitts
burg and No. % sheets at 90 cents, no
general gain in business results from the
sudden decline in structural shapes.
Neither official nor unofficial accounts
have removed doubts about the wheat crop,
and IL it proves as low as one estimate,
400 000, coo bushels, the extent to which it
may now be displaced in European con-
sumption by corn WILDE seFieusly-tested.
I'm four weeks of June Atlantic exports
OF wheat, flour included, have been TO-
9S0076 bushels, against S,934 e3s last year,
and Pacific exports 2,753 SIS bushels against
2,445.74 last year, while corn exports IN
the four weeks have been IL 1856 ga BUSH
els. against HAS,. $50 last year. After
rising 4 cents, wheat closed unchanged for
the week, and corn only 1-2c higher
Another general yielding in prices of
wool, half cent to one cent on many
grades, would apparently reduce the aver
age Of one hundred quotations by Coates
Brothers, about one-half cent, making
cents decline from February /. The cal
culation that the wooden goods business
was large enough and good enough to stand
anything is not yet justified.
with partially deficient causes the cot
ton goods market reaches a similar posi-
ton. The Fall River committee has made
sudden reduction to EST cents in the
price of regular printcloths, without
single sale recorded. Neither the sudden
reduction in prints nor the quiet settling
in prices of staple goods has stimulated
the market to decided activity. Depression
in the market for goods did not prevent
raw cotton from advancing to 10 cents.
The boot and shoe industry makes slow
progress. Most local works have closed or
are about to close.
THE weakness in stocks has been due
rather to absence OF well defined purpose
than to any apprehension, for not a little
strength has been shown by scattered hold
ets. The excellent railroad earnings. ex-
ceeding those OF last year in June by S.S
per cent thus far, are not generally appre-
ciated at their real value. Every class OF
railroads shows gains in earnings.
Indicated by payments through clear
ing houses, the volume of business still
falls behind that Of last year but exceeds
that of other years at New York and Bos-
ton, while running ahead Of all past years
at other cities. In spite of occasional ex-
ceptions, the rule is general enough to at
tract much attention.
Failures in three weeks OF June have
aggregated s51G2Sl5: manufacturing. ST.
7SS.2l5. and trading. g. SIS, AIS.
Failures for the week have been POI in
the United States, against ISL last year.
and 81 in Canada. against % last year.