The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1901-07-06
EFFECTS OF THE STRIKE.
New Labor Troubles a Feature in the
Weeks Trade.
STEEL MANUFACTURING INTERRUPTED.
Summary OF the Commercial Situation as
Viewed by r. G, Dun & co.---Farm
Products Generally Lower

New York. July S.-R. q. Dun & Co.'S
weekly review OF trade tomorrow win say:
Developments Of fresh labor troubles Is
feature Of a week that has been marked
10y conservatism in many directions, but
throughout the country jobbng and retail
lines are busy aud exchanged goods at
prices which yield fair profits. There Is
reelection Of this activity In the con.
tlnued Improvement In tho textile markets
IN the East and the uneasluess over the
money market does not extend beyond the
ranks Of spectators In stocks. Crop re-.
ports continue gratifying. much good having
been done by rains in the Middle west
Harvesting Of winter wheat progresses N.
vorably
Manufacturing has been interrupted by
the elements and labor agitation. Numer-
GUS prostratiohs from heat caused humane
employers to close mills during the most
distressing hours while the sheet and hoop
workers were ordered TO stop work until
certain disputed points were settled. M
cause many plants need repairs and 9th
ors are taking stock. The reduction OF -
cents ON No, y sheets was unexpected
and not accompanied BY any general weak
euing of prices
Footwear shops In New England IRE ac
tive oil fall Hines, hut local jobbcrs are less
husN and orders from statesmen on the roni
are light Leather Is quiet, but hrmer with
a splendid export demand for hemlOck sole
Woolohs and wotsteds are selling better
anu raw wool Is taken more freely but the
average of leo grades according 70 Coates
BROS circular was slightly lower at FOG
cents on July |. lotions are IN better do
BIDS OF shippers to china and sales la the
brown goods division have decreased Mnu
mactpring as whole is unusually active
staple products are quiet snecalatlop he
ing restricted by depressing weather and
NE lerGthy HOLIDAYS az most Of the ev-
Snahgee preventing new commitments.
News from the West was full az promise
as % the growing wheat Weld. causing a
i nlrt5hler decline In prices, although foreign
needs are known to he heavy
COM steautea somewhat because Of re-
ported injury from heat aud drouth Re
geipts continue light In comp N son wi h
isfactory. Cotton holds hrmly AT p point
little below ? cents, the free movement
! strength Is found In greater activlt, Ia
the goods market, together with rdmo s
OF rain In Texas and few other states,
where moisture is deficient Sales OF M,
I Rio coffee have been made below cents
which Is not surprising since receipts at
no and SAN os ports for the crop wear
just ended were little short OF lt,O0l,WQ
bags. Even this record breaking crop Will
be surpassed " the current yield is e1nl
TO expectations, Compared with the
! prices of year ago wheat shows decline
Of about II cents bushel cotton S6.25 a
bale, and coffee 39sc pound white corn
Is not higher than last years price aud
PROJECTS alone Of these commo lites slow
( any advance.
| Commercial failures during the hrst ha,i
OF 1901 numbered 57a0, with liabilities ot
! SOD s04, 600 against 1892 last year FOR S7i..
! TiTid2. In manufacturing lneE there were
| 1863 defaults with S21. 6nl ,04S liabilities,
while Also traders failed for S2i SCI, 20I
The Improvement over the preceding NcAr
! was most striking In brokerage and hank
! Ing insolvenclcs, which were 50 200, i35
! and ST., S3a, 31i. respectively, against So,
| i2I343 aud So. $50, 624 last wear This Is
more noteworthy because the violent
/ tation In Wall street during Mny was cal
culated 10 cause serious disturbance and
! the last week NJ June brought other fall.
urcs through niudicous sueculstlon IN
! poor banking methods. While the hI'i
! years statement is gratifying, the scceld
quarter makes a much better showing, III
/ illtes declining $16o2 2s2 compared with
/ the first quarter, and SlT,'Hl675 ~ IN
| parison with the second quarter ut lMu'
| The average liability per failure was small
or than IN the corresponding three months
Of any year since the records were FIRST
compiled The proportion o. bad debts 10
| solvent payments through clearing houses
! was but GO cents to each $1,000 ana uhN
/ one ont Of the preceding 100 quarters re-
/ corded n lower ratio while the average
| amount Of defaults was but S2o.8a, only
seven other quarterly periods max ng
! smaller returns.