Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1901-07-06
LABOR TROUBLES
AFFECT TRADE.
They Make for Conservatism in
Many Directions
CROP REPORT GRATIFYING
r,sasIpes, over Money Market only
Extends 20 the Ranks OF
Spectators.

Naw York, July 5.--R, @, Dun d co.'s
reelly Review Of Trade tomorrow WIN
cav. Developments Of fresh labor trou-
Nae f. n feature Of week that has
made for conservatism in many direc-
,,ons but throughout the country joD-
hing and retail lines are busy ana are
handling goods at prices which yield
fair profits There Is a reflection OF TINS
activity in the continued Improvement
in the textile markets in the East ana
,ba uneasiness over the money market
does not extend beyond the ranks OF
speculators In stocks. Crop reports
continued gratifying, much good having
been done by rain in the middle West
Harvesting Of winter wheat progresses
favorably.
Manufacturing has been interrupted
BY the elements ana lapol agitation
Numerous prostrations from neat
caused humane employers 10 close mllls
during the most distressing hours, while
the sheet and hOop-Workers were or
dered to stop work until certain disput-
ed points were settled. No immediate
settlement Is anticipated, because many
plants need repairs and other are tax
Ing stock. Until the owners wish TO re-
sumo their position VIII not be known.
The reduction Of Is cents on No. Is
sheets was unexpected and not accom-
panied by any general weakening OF
prices.
Footwear shops In New England are
active on fall lines, but local Jobbers
are less busy and orders from statesmen
on the road are light. Leather Is quiet
but hrmer with a splendid export de-
mand for hemlock sole.
"W0olens and worsteds are selling
better and raw wool Is taken more
freely. but the average Of 100 grades.
according 10 Coates Bros. circular, was
slightly lower, at 1906 cents on July
ist Cottons are In better domestic de-
mand. but prices are held above bids
Of shippers to China, and sales In the
brown goods division have decreased.
Manufacturing, as a whole, is unusual
ly active for the season.
Staple products are quiet specula
ton being restricted by depressing
weather, and the lengthy holidays at
most Of the exchanges prevented new
commitments. News from the West
was fun Of promise as TO the growing
wheat yield. causing a further decline
In prices, although foreign needs are
known TO be heavy. Corn steadied
somewhat from the reported injury
from heat and drought. Receipts con-
tinue light in comparison with last
years but exports are equally unsats-
factory.
Cotton holds firmly at a point little
below 3 cents, the free movement into
sight Of the old crop being disregarded.
Strength Is following greater activity
In the goods market, together with Tu-
mors OF rain in Texas and few other
states where moisture Is deficient. Sales
Of No. Rio coffee have been made be-
low cents, which is not surprising,
since receipts at Rio and Santos ports
for the crop year just ended were lit
lie short Of II. 100000 bags. Even this
record breaking crop will be surpassed
u the current yield is TO equal expecta-
tons
Compared with the prices OF year
ago wheat shows a decline Of about II
cents bushel; cotton, 6. 20 cents bale.
and coffee, 3& cents a pound, while corn
IS not higher than last years price,
and pork products alone OF these COM
modtles show any advance.
Commercial failures during the first
half Of 1901 numbered 5,759. with LA
blllties Of s55, S0i 800, against 1882 last
year. for S44h ,452. In manufacturing
lines there were 1896 defaults, with
A,6gl,Oi liabilities, while d.ls9 traders
failed for s24, 207. The improvement
over the preceding year was most
striking in brokerage and banking in
s0lvencies, which were 80 200,4S5 and
i5S}955i, respectively, against S2212l..
40 and S25,S22. $50 last year This is the
more noteworthy because the violent
agitation in Wall street during May was
calculated TO cause serious disturb
ances, and the last week Of June
brought other failures through iniudi-
clous speculation and poor banking
methods.
While the half-year's statement Is
gratifying, the second quarter makes a
much better showing, liabilities decln-
ing N2O2,2S2 compared with the first
quarter and SlG623675 I'm comparison
with the second quarter OF 1900. The
average liability per failure was small
P than In the corresponding three
months OF any year since the records
were first compiled. the proportion OF
oad debts 20 solvent payments through
Vearlng-houses was but 60 cents. to
each $1,000, and only one out OF the
preceding lO5 quarters recorded a lower
ldto, while the average amount of de-
iisults 10 each firm In business was but
'V'a5 only seven other quarterly
periods making smaller returns"