New-York tribune., 1901-06-03

tuatfonS have Deen phenomenal On May % the
sixty most active railways reached the high rec
ord of S1O2 ~ a share. Three days later the
smash brought reduction of S16. Recovery was
rapid and interrupted by few reactions until at
the close on Saturday the average was S1OI "a
or scarcely more than 81 below the top Last
week alone the railways advanced an average
of So II share the industrals So o. and city
gas and traction stocks gained 81 32 each
Statistics OF pig iron production on June l are
not yet available, but there is reason to believe
that the present rate exceeds all previous fig
ures At the time the market has lost
much of its snap and there is less urgency for
delivery while Bessemer is offered at valley fur
naces for So ~. This comparative dulness in
dicates that manufacturers have raw material
in sight TO cover the bulk of contracts on hand
and with the moderation of buying they hope to
secure what will he needed later at better terms
Instead of full operation during the summer it
is possible that mills and furnaces may be able
to let fires out for short period although there
will not be the customary general shutting down
Exceptional strength and activity are still seen
in billets. sheets, bars and plates at Pittsburg.
Scarcity of freight cars is still feature in the
coke region. where shipments decrease because
of poor facilities, there is no loss in demand
Production continues to establish new records
at Connelsville ovens and stocks accumulate
Coal is also in fair request but Gtuminous at
the Southwest has been reduced in price in order
to compete with petroleum which is being large
" used fuel with satisfaction. Shipments of
boots and shoes from Boston in four weeks
amounted to 401 261 cases against 217.32O last
year. and since January / forwardings largely
exceed those ST any previous year. As result
of the wet weather. the demand is now for
heavy soled shoes only. and this is reflected in
ha
not wanted There is a highly satisfactory ex-
port movement of footwear and domestic con-
ditons in other parts of the country are encour-
aging
The cut in print cloth prices was heavier than
was expected. but did not produce the desired
activity. Staple prints for fall have also been
reduced. although business had previously been
done at the lower figures. The tone Of the dry
goods market is far from vigorous hut large
sales expected when the sun resumes shin
ing. In some lines of dress goods jobbers are be-
ginning to discount the improvement. Despite
many statements that Boston woollen mills are
fully employed. little interest is shown in raw
wool, and quotations distinctly weaker. Buy
ers are not taking the new clip readily, expecting
easier terms later in the season. Actual sales
on the ranches have been small but consign-
ments are moving freely into Chicago from
Texas
According TO the official report - 532 900
have been planted in cotton. exceeding the
previous years area by SO per cent Instead Of
depressing prices. however the statement had
supporting effect, owing to the low condition of
So. the worst JuEe | showing in twenty years.
with the single exception OF 1S95. 1t is well
known that the whole crop is late. and that re
planting has been necessary in some cases. while
boil weevil is industriously at work in Texas
Grain is sustained at unusually high price
level. the healthy foreign demand being accom-
panied by frequent reports of injury on domestic
farms and some bad news from abroad.