The Washington times., 1901-07-13
DUN's REVIEW OF TRADE.
General Business Good and Leading
Industries Well EmpIoved.

NEW YORK, July 12-Dun's weekly re-
| view of trade will tomorrow say:
General business continues its even
course, with all the leading industries
well employed and with confidence ex-
pressed on every hand. Bountiful crops
of wheat seem assured, and the damage
to corn, while considerable in some direc-
tions, does not promise to be sufficiently
general or serious to at all impede the
progress of the country. Labor troubles
are in process of settlement and specula-
tors have been responsible for most of the
unrest which has been reflected in the
market.
''Dun's index number covering $50 quo
tations of commodities. with quantities
taken in proportion to the per capita
consumption, was S915.09 on July 1, de-
cline Of "a per cent during June. Dairy
and garden products declined 16.2 per cent
and breadstuffs AZ per rent. while meats
and manufactured articles showed moder-
ate advances. Railroad earnings in June
exceeded last years by rs per cent and
1899 by 1873 per cent.
Exchanges through the New York
clearing house showed an increase of 5s.4
per cent over the same week last year
and rs per cent over 1899. while at the
principal cities outside New York the
gains were 147 and 1913 per cent respec-
lively. Steel mills are actively employed
and there is a distinct Improvement in the
demand for finished products, while quo
tstions are without alteration. in bars
for use by makers of agricultural impIe-
ments there is brisk movement, plates
are taken readily, and there is no sign
of diminishing purchasing in structural
material.
The most startling and gratifying fea-
ture of the situation is the decrease of
15.125 tons in furnace stocks. notwith-
standing an output at the rate of over
600 tons annually. Improvement is
general in the footwear industry, although
no higher prices can be obtained. Slaugh-
ter hides at Chicago are still firm and at
the best prices of the season.
Textile lines have settled in a steady
position that promises more lasting pros
perity than if prices had been forced
higher or sensational activity had fol-
lowed the altered attitude of buyers. In
jobbing circles 1t Is thought that trade
will not be prosecuted vigorously until
August, but statesmen on the road send
In good orders. Wool has not altered in
price, but the tone is firmer and sales
increase.
I'm the cotton goods division there is
nothing new, recent advanced prices be
ing fully sustained and mills keeping
terial has declined, large receipts of the
old crop and many bright dispatches from
the South having more effect than stories
of drought in Texas Grain crops this
season are causing much uneasiness
among spectators, owing to the extreme
ly complicated situation.
According To the latest Offlclal and un-
official representations there is reason to
anticipate the heaviest wheat yield ever
harvested, and making the customary al
IOwauce for domestic consumption even
with the small supplies on hand when
they opened, there appears available for
export about 80 per cent more than went
Yet prices are far above the low record
and vigorous rallies follow each decline.
Extensive needs abroad continue. the
movement from Atlantic ports for the
week amounting to 3.20S 634 bushels
against l9S. 443 a year ago. and Western
receipts were 4.519.3IS bushels. against
2,61S 6T last year.
Corn exhibits remarkable strength
drought and heat since July giving rea-
son to expect less than the official report.
which indicated mvre than two billion
bushels. This cereal is now at an eX-
ceptionally high point, and estimates OF
POO 001 600 bushels for export are too high,
enhanced value.
"The money market was easier and
seemed to have lost the panicky tone OF
recent weeks. Currency movements
chiefly comprised shipments from the
West TO cover loans here by the interior
moderately from the Treasury. New
York foreign commerce took q slightly
more favorable turn.
Failures for the week numbered 2tS in
the United States, against 1856 last year,
and p in Canada, against q last year