Evening journal., 1901-06-01
ONE WEEK oF TRADE


Bradsweet's to-day says: "The situ-
alton in textiles has not changed ma
terally, except that real conditions in
the print cloth market have been rec
ognized by a heavy cut in the price Of
that product
The steadiness Of prices is still a.
feature the cereals being as high or
slightly higher than a week ago. as
much owing to bad crop reports from
abroad as TO tales of dry weather dam
age in the Northwest to wheat, and
too cool weather for corn in the coun
try as a whole. Cotton is higher in
the face of large receipts. and reports
of slow trade. because the prospect as
TO the near months, particularly July,
is still doubtful, and owing to cover
ing by the short interest in that and
the succeeding month. The crop is at
least two weeks late. but the acreage
will probably be from 0 10 per cent.
larger
"As for some time past, new business
in iron and steel is small while pro-
duction on orders is at the maximum.
Steel billets are temporarily scarce and
so cents higher, while Bessemer pig is
duh and off 25 cents. Southern iron is
dull and weak, and present quotations
could be cut so cents If business were
offered. Finished products are gem
orally strong, and the mills are still
crowded with business Failures for
the week number 144, against 1872 last
week, 1876 in this week a year ago. 1919
in 1899, us in 1898 and 1872 in 1897
Canadian failures number 21. against
"a last week. p a year ago and rs in
1899"
r. G. Dun G Co.'S weekly review of
trade to-day says: while the weather
in the East has hampered distributive
trade to a considerable extent this
week, rendering the season in some
lines unsatisfactory, the West and
south report unchanged conditions,
with operations well up to the recent
average There Is a little less activity
among manufacturers OF boots and
shoes, some of the smaller plants re-
ducing time or closing down, cstensi-
IDLY for the purpose OF taking stock.
Shipments of boots and shoes from
Boston have shown the expected de-
crease from the phenomenally large
figures of recent preceding weeks
but are still very heavy, and since
January ] exceed last years by about
20 900 cases. Extended holidays abroad
and a short one in this country have
tended to make the grain markets un-
usually quiet, while corn has had the
added drawback OF hesitation among
+ traders, who have not yet recovered
i from the effects OF manipulation in tho
May option. Foreign purchasers were
/, driven out Of this market by inflated
Z quotations. as shown by Atlantic ex
q ports in Eve weeks of only 9,d36, ,2Sl
4 bushels against 1884 ,O65 hushel
. last year, and 1S,4S3,SlS bushel
p In the same weeks of 1899 Eacl
l reaction in wheat is quickly followe'
n by recovery, and much support is founl
q in gloomy reports from growing sec
tions. Heavy brown goods have stead
led under better Chinese inquiry. bu
d local retail and iobbing trade is re
" stricted by unfavorable weather al
"A though it is between seasons with tn
4. silk trade, there is a good demand, an
lr available stocks of the mere desirabl
Is lines are reported light. The ribbo
A trade continues brisk, despite lowerin
,r skies. Carpets and upholstering In
ID prove and in staple clothing wooler
,e there is more activity. This brings OF
IN raw wool more freely. but there is NJ
n- sufficient demand to advance prices.
T. fact. the accumulation OF supplies h
OF had distinctly depressing influenc
ak and in the Philadelphia market quot
nd tions are percepubly easier"