The Montgomery advertiser., 1901-07-13
DUN's TRADE REVIEW.
General Business Continues Its Even
 Course.

NEW YORK. July 12-R G. Dun & Co.'S weekly review of trade tomorrow will say: General business continues it's even course with all the leading indus tries well employed and with conndence expressed on every hand. Bountiful crops of wheat seem assured and the damage to corn. while considerable in some direc- tions. does not promise to be sufficiently general or serious to at all impede the progress of the country. Labor troubles are in process of settlement and specula- tors have been responsible for most of the unrest which has been reflected in the market Steel mills are actively employed and there is a distinct improvement for finished goods, while quotations are with out alteration. Bars for use by agricu.- tural machine makers. there Is brisk demand; plates are taken readily and there is no sign of diminished purchas sing in structural materials. Rails are ordered freely, with notable pressure for light weights. Billets are more quiet and few new transactions are recorded In pig iron. The total number of pig iron furnaces in blast on July l. as recorded by The month previous and the weekly capacity was 310.950 tons. Although this is tri- fling decrease compared with the produce tion on June l., 1t far exceeds all earlier records On July 1. 1900. the weekly out put was 2S3, ,4l3 and in 1899 1t was 263, 363 tons. The most startling and gratifying feature of the situation is the decrease of i5.125 tons in furnace stocks. notwith- standing an output at the rate of over l6, 100000 tons annually.
 Improvement is general in the footwear industry. although no higher prices can be obtained.
 The market for split goods is irmer in tone and advances are expected. while mems satin shoes are in peter request. Jobbers have light stocks of summer goods. which retailers should exhaust be- fore the season ends. Leather Is in good demand and firm, but without quotable change in price. Western shoe manufac- sxta 1a1 r fv1 hn cal market and also taken freely of other upper feathers. The large buyers of dry hides withdrew from the market owing to the prices demanded by importers and
 Textile lines have settled e steady position that promises more lasting pros perity than if prices had been forced higher or sensational activity had fol- lowed the altered attitude of buyers. In jobbing circles it is thought that trade will not be prosecuted vigorously until August, but salesmen on the road send In good orders. Heavy weight woolens are securing duplicate orders and mills are making extensive provision for the light weight season. Manufacturers are well employed and exhibit increasing in terest in raw material. Wool has not all tered in price, but the tone is irmer and sales increase. Growers are said to be selling rather than consigning. while many ranchmen refuse to do any business at present. prices. In tho cotton goods di- vision there Is nothing new. recent ad- vanced prices being fully sustained, and mills keping wheels in motion as rule. The raw material has declined, large re- ceipts of the old crop and many bright dispatches from the South having more effect than stories of drought In Texas
 Grain crops this season are occasioning much uneasiness among spectators ow- ing to the extremely complicated situa- ton. According to latest official and un- official prognostications there Is reason to anticipate the heaviest wheat yielG ever harvested, and making the custom ary allowances for domestic consumption, even with the small supplies hand when the year opened. there appears available for export about 50 per cent. more than went abroad in the year of greatest shipments. Yet prices are far above the low record and vigorous rallies follow each decline.
 Extensive needs abroad make the move ment from Atlantic ports for the week amounting to 3, POS, ,634 bushels, against a. l9S,443 a year ago, and Western receipts were 4.579.47s bushels. against 2,61s,67 last year.
 Corn showed remarkable strength. drought and heat since July giving req son to expect less than the official re- port. which indicated more than two billion bushels. This cereal is now at an exceptionally high point and estimates of two hundred million bushels for export are too high. as foreigners will not buy freely at the enhanced values.
 Failures for the week number @0S In the United States, against 196 last year and 2 in Canada, against a last year.