New-York tribune., 1901-08-03
CONDITION OF TRADE.
"Dun's Review" says:

'Dun's Review says;
Continued favorable weather conditions have re-
in the Northwest ideal weather for spring wheat
harvest has been enjoyed AS this is the point that
carefully watching. the general feeling is better
id s,am "eTh ago, although the disposition on both
td IN any agreement. and the labor situation is
thus kept prominent. The excellent business en-
joyed in some important lines is inustrafed nv The
refusal of the American Woollen Company TO axe
further orders on the goods It recently opened as
mil capacity has been reached. Some OF these
could have been sold twice over. Collections are
prompt railroad earnings for July thus far re-
ported increased l0.4 per over last year and
2SS % over 1883 Bank clearings at New-York gained
4eS per cent over last and II 1899; while
at leading cities outside NewYork the gain is 1873
commodities are firm. Dun's Index Number, ac-
curately indicating the cost of living by taking
amount consumed, shows advance to 1858 30 on
August J. The -se OF AZ per cent in July large
products. breadstuns alone advancing l2 per cent
half ~ b @ Ja pig iron pEoduetGn IN the hrst
Of I67+us tons. exceeding the remarkable output
of 1901 has opened with much greater capacity of
active furnaces and the full year promises a con
duced in 1900 While heavy Yield is not alwavs
an indication Of sound conditions since overproduc-
free from this danger owing to the ready consump-
tive demand and absence Of accumulatinE stocks
During the last week leading mills have placed
large contracts for early delivery and Inquiries
IS less disposition TO pay fancy prices for products
that were advanced by the strike which Is an evi-
work An unfavorable showing for the first half
I'm both exports and output Of copper resulted
In the first alteration In nominal price since the
advance Of II cents eight months ago.
'Bradstreets" says:
July bank clearings. while fully one-quarter less
than they In May and 73 per cent less than
In the Immediately preceding month. June stu
show heavy gains over all corresponding periods
IN preceding years, this In the absence OF any i'm
poTtant activity in speculative circles. aside from
cereals pointing 10 the maintenance OF the gem
preached volume for this the dullest period OF the
year. Even the bank operations I'm the Southern
group or cities show good increase over the
month OF July year ago. despite the that the
prices Of that sections leading staple are fully %
per cent lower than year ard that the ulti-
mate outcome Of this crop is still more or
less prohlcmatical The total clearinCs at eighty
three cities OF the United States for which com
pHrlsons with last year evailabe for the month
and seven months reported to "Brads dstreet's
cent less than that recorded in the record month
OF May. but they fully 80 per cent or nearly
one-half. larger than they in July last
year. For the seven months OF this calendar
year the ceLrings at the same eighty-three cities
aggregated S2 2S9S. $40. 1917 a gain OF 4S7 per cent
over last year Of 80 per over 1899 OF % per
cent over 1898 and l4+ per cent or nearly one and
half times, larger than In the corresponding peri
cd oc 1897 f
Business embarrassments for July were slightly
or railing traders, and the volume OF liabilities
was considerably larger than last year fr I'm fact
any preceding July since 1896 This was due
mainly 10 the inclusion OF two large bank failures
Items the volume OF liabilities in the case OF the
number Of embarrassed individuals firms or cor
porations shows little. II any. difference from the
total year ago.