The Montgomery advertiser., 1901-06-08
DUN'S TRADE REVIEW
LABOR SITUATION STILL SERI- OUSLY UNSETTLED.
This Constitutes Reason for Hesita- tion in Some Industries-Trade Encouraged by Reports of
 Wheat Crop.

NEW YORK. June 7-R. G. Dun & Co.'S weekly review of trade tomorrow will say: The labor situation in many parts of the country is still seriously un- settled and constitutes a reason for hes itation in some industries. dlscouraging new operations. which satisfactory con- ditions would otherwise stimulate.
 But quick decision Is to be expected In some of these labor controversies and in the meantime trade is encouraged by re- ports of satisfactory condition of Win ter wheat over a large portion of the was put in under very favorable condi- tions and there have been few unsatisfac- tory reports. Railroad earnings in May ESP per cent over 1899, which reflects a continued activity in the country; while at New York bank clearings gain for the week were SS.S per cent. over 1sOO and leading cities outside of New York of 27.1 per cent. over 1900 and A.5 per cent. over 1899
 The cessation of manipulation in corn contributed to a decline or Zl per cent- in breadstuffs.
 Labor controversies have become the factor of greatest importance in the lead ing manufacturing industries. Counting, perhaps, upon the urgency of orders ana heavy losses which would be sustained by employers in case of suspension, the machinists made what were considered unreasonable demands by employers at mined stand and announced that the strikers places will be filled by non- union men. Monday If they fail to re- market and few contracts made this as< ton possible. As rule, manufacturers have not sought business beyond July 1st and it looks as though they had been extremely dull. not sale of Bessemer being reported during the week at Pitts burg and quotations are nominal; Large contracts for rails sustain billets ana finished steel deliveries continue heavy. Shipments of farm machinery attract much attention. while bridge building, new vessels and track elevation prevent dullness in structural market.
 Efforts to secure advances in grain py exaggerated reports of damage to the growing crop have given place to more conservative statements and outlook IS Speculation options for decline. how ever, are far from aggressive, the severe losses of the short interest thus far this season making traders extremely eau. Chicago caused heavy covering and sharp advance which was of short dura- tion, as moderate profits were quickly taken. Abundant production in the United States does not necessarily mean weak prices, for European crops are fall ing below expectations and foreign pur- chases continue heavy. Atlantic exports for the week. flour included. amounted to
 
 and 1,S4e,373 two years ago. Pacific ex- ports also show good gains. reaching S54.. 5l5 bushels, against 591,01 year ago, and l 623. 400 in 1899. Including exports at Du- | luth and Portland, Me-. the total outward movement for the week. exclusive of Ca nadian ports. was 5,s4S, ,6s7 bushels. agains 3.S3S. .364 last year, and 2.74S.A67 in the sam' week of 1899.
 Shipments of boots and shoes iron | Boston continue very large, for the las | week. exceeding the same week of 1900 b! | 10000 cases. and since the year opened | forwardings have been over two million | cases. far surpassing any previous | record.
 | Retailers are offering black goods fol l Summer wear at reduced prices and 1t il | evident that the production of these shoe! | was excessive, while tans have been if | much greater demand. Manufacturer!
 are pushed to fill contracts of this kind
 Prices are steady and jobbers repor | much better qualities are sought. Loca l distribution Is facilitated by the warn 1 weather. and this is even more potent il
 the marke. for cotton goods. which ex
 hibited greater animation than at any | previous time this season. Other textil | lines were helped though less extensively
 Better movement Of domestic goods ant | the consequent expectation that mill | would need raw material together w!tl | Increased activity abroad sustained l cotton,