The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1900-07-28
MIDSUMMER DULlNESS
IS BEING DISPElLED.
ENCOURAGING SIGNS FOR
NEW BUSINESS NOTED.
Producers and Consumers Are Get
ting Together While Speech
lative Activity Is Absent.

New York. July 27-R. Il. run's Weekly
Review of Trade Tomorrow vii! say.
Speculative activity in raw materials is
not present to discourage new business.
Producers and consumers are getting to-
Ecther in more than one direction. although
midsummer inactivity Is emphasized by
disturbed foreign relations. and the hcsita-
tion always attending 4 national political
campaign. False starts are 10 he feared.
but the dangerous optimism Of last autumn
is lacking, and new business is at lower
prices.
"A stop TO the decline in wool brought
many manufacturers into the market ask
Ing terms. Good sales OF California and
Territory woods were made TO mills. ana
the trade expects larger purchases 10 fol-
low the opening OF spring goods by the
American Wooden Company next week
Holders who have had difficulty in storing
were the chief sellers.
Wool and Cotton Goods.
Sales of wool at the three chief mar
ke,s were only 4,3575l1 pounds. against 10
.1ss 800 last year. Cotton Improved slightly,
ard more business occurred in cotton goods.
A reduction from &C to sac in Hope IL
bleached cottons closed out the entire stock
in Is hours prices then being restored.
Similarly in iron, the depression which
has Resulted In hesitation and fear In other
industries, the tone is better; ana In IN
pit,sburg district the mills have booked
q lire NJ fair orders in bars and plates.
Structural and bridge materials are better
taken The refusal Of the Amalga-
mated IrUa Workers to allow
change In the wage scale adopted
In May has led TO strikes AZ numerous mills.
and the Republic Company Is 10 disnantie
some plants to secure concentration. but the
nonuuion capacity will prevent serious scar
city.
Further business in bars shows that ag-
ricultural implement makers are more ac-
tive. Gray forge has fallen to SIS at Pitts
burg and Bessemer steel billets sold at W.
With. the uncertainty OF the conference Of
steel companies at Chicago removed. buy
ers may proceed with less anxiety. Export
orders advanced electrOlytic copper from
l6'.c TO lGssc IN large lots.
Boots and shoes.
'Joibers In boots and shoes are demand
ing prompt delivery ON old orders, but new
business is scarce. Manufacturers are TAX
ing leather only for immediate needs, but
sole il more active and Il large sale for belt
ing at moderate concession is reported.
Packer hides sell freely at Chicago AT the
recently reduced price.
1T was not surprising that wheat declined
still further this week, for the price had
been held far above the quotation ruling at
this date I'm 1879. and crop conditions are so
generally satisfactory as to assure an album
dance for all home requirements and the
usual amount for export. High prices have
curtaiied foreign buying ia some extent and
in four weeks Atlantic exports Of wheat.
including -four. have been only 1.2t5. i36
bushels. against S,4Jc.i3l last year. The
shipments of corn make more satisfactory
comparison. I'm four weeks amounting TO
l2,15.iS5 bushels, against n.ssi473 year
ago.
Failures for the week were 23l in the
United States. against Isl last year, and Is
la Canada, against % last year"