The daily morning journal and courier., 1901-07-06
WEEKLY REVIEW OF TRADE
IHE DEVELOPMENT or FRESH EA-
 BoR TROUBLES.
Sttsm in Many yDirections-Through Are Busy.

New York, July 5.-R. G. Dun &
 Co.'S weekly review of trade tomorrow
 VIII say: Development of fresh labor
 troubles is a feature of the week that
 has made for conservatism in many
 directions, but throughout the country
 Jobbing and retail lines are busy, and
 are handling goods at prices which
 yield fair profits.
 There is a reflection of this activity
 In the continued improvement in the
 textile markets in the east and the un-
 easiness over the money market does
 not extend beyond the ranks of specu-
 lators iil stocks. So far as the steel
 strike is concerned, it is significant
 that 1t is not struggle for higher
 wages, but rather one to compel the
 recognition of the authority of the
 Amalgamated association in the sheet
 mills heretofore non-union. Crop re-
 ports continue gratifying much good
 having ben done by rains in the mid-
 ale west. Harvesting of winter wheat
 progresses favorably. Railroad earn
 ings thus far reported for the past half SN~eSA k9AAoW d lOlil Ol POll,OO ,JSI, Rdlu Of 10.4 per cent. over last year and 2S2 per cent over 1899. Bank clearings for the week at New York gained 3S.S per cent. over 1900 and 2S.0 per cent. over lS99, while at leading cities outside New York the gains are 80 per cent. over 1900 and 9.2 per cent. over 1899.
 Manufacturing has been interrupted by the elements and labor agitation Numerous prostrations from heat caus- ed humane employers to close mills during the most distressing hours, while the sheet and hoop workers were ordered to stop work until certain dis puted points were settled. No imme- diate settlement is anticipated because many plants need repair and others are taking stock.
 Footwear shops in New England are active on fall lines, but local jobbers are less busy, and orders from sales men on the road are light. Prices are steady, with an upward tendency in l heavy single soled shoes.
 Leather is quiet and firmer, with q | splendid export demand for hemlock | sole. Woolens and worsted are selling ebtter and raw wool is taken more freely, but the average of one hundred | grades according to Coates Brothers circular, was slightly lower at 17.O6 cents on July 1st Cottons are in bet ter domestic demand but prices are held above bids of shippers to China, and sales in brown goods divisions have de- Manufacturing as whole is active for the season.
 < Staple products are quiet, speculation being restricted by depressing weather, and the lengthy holidays al most of the exchanges prevented new commit 1lents News from the west was full of promise as to the growing wheat yield, a further decline in prices al- aejsssh foreign needs are known to be leavy. Corn steadied somewhat be- .ause of reported injury from heat and irouth Receipts continue light in with last years, but ex- ports are equally unsatisfactory. Cot on holds firmly at a point little below
 cents, the free movement into sight , # the old crop being disregarded. Compared with the prices of year ggo, wheat shows decline of about Il { ents bushe, cotton s625 q bale, and , office 8 3-S cents a pound while corn $ $ not higher than last years price. and {, ork products alone of these commodit- I as show any advance. I Commercial failures during the first ( alf of 1901 numbered 5,759, with lia- ( ilities of s55 ,S04 690 against 5,332 last ( ear for $74,T47 452. In manufacturing q nes there were 1,265 defaults with S21, ( D1 .O4S liabilities while 4,189 traders ailed for SPA, 864 205. The improvement yer the preceding year was most triking in brokerage and banking iri- I Dlvencies which wore g, 0,495,4 ,435 and il [5,s39,554, respectively, against $22 124,- g 46 and $c5,S22sS2 last year. This is a ,e more noteworthy because the vio- \ mt agitation in Wall street during l [ay was calculated to cause serious N Isturbance and the last week of June \ rought other failures through injudi- tt ous speculation and poor banking a lethods. e