The Washington times., 1901-07-27
DUN,s REVIEW OF TRADE.
More Hopeful Advices From the
Crop and Labor Centres.

More Hopeful Advices From the
Crop and Labor Centres
NEW YORK, July 26.-Dun's review to-
morrow will say:
After a number of days of serious
weather conditions in the corn and spring
wheat States, advices of lower tempera-
! ture and moderate rains came as a great
relief to business throughout the country
| Spectators whose expressions of fear for
/ the interests of the country were becom-
! ing daily stronger with their success in
depressing values of securities were
| brought up sharply, and Were disposed to
consider more fully the general undoubt-
ed prosperity.
Labor matters took on a more hopeful
aspect. Retail trade in the West, from
| Chicago to Omaha, has never been better
| in summer, and in view of this condition
it is not surprising to find railroad earn
ings for half of July 1913 per cent in ex-
cess of last year, and 239 per cent over
1899. Bank clearings show a gain at New
York of SIS per cent from 1900, and Sc 4
per cent from 1880 while at leading cities
outside New York the gain is 3D. per cent
over 1906 and 1876 over 1899.
"A fortnight Of the steel strike has
passed without materially altering the po-
sition of the contestants, or adversely af-
IecilnS tne as q Instead
of spreading to mills all over the country
as threatened by the labor leaders the
controversy Is confined to comparatively
small number Of plants. and most of these
needed an opportunity to make repairs.
Exceptional activity is noticed at mills
not affected by the strike and the move
ment of structural material for bridges.
buildings, and track elevation is still
heavy.
New lines of wooden goods for delivery
after October / opened at moderate re-
ductions from last years prices, as gen.
orally expected by the trade. Supplies of
heavyweight goods have been reduced to
satisfactory point and the situation in
all branches of the industry is such, as
to engender confidence. Cotton goods are
dull. neither buyers nor sellers exhibit
ing any eagerness to make propositions
Withdrawal of prominent concerns from
the Fall River Selling Committee suggests
lower prices fS- print cloths. Mills are
not fully employed either North or South.
Quiet conditions in the domestic manu-
facture, light exports, and better weather
on plantations caused further depression
in raw cotton.
Shoe shops are producing at full ca
pacity, with orders arriving steadily.
Business Improves as the season ad-
vances.
Variations in the corn market on Mon
day indicated manipulation by stock mar
ket interests. Selling of railway securi-
ties and purchases of corn secured large
profits on the former, even If small losses
were III ClcslIlS tilt gram Coil-
tracts Weather reports alone Were not
sufficiently distressing To carry the Sep
tember corn option at Chicago to within
a small fraction of 60 cents. while the
withdrawal of support caused sales
cents lower the following day.
High prices prevailed throughout the
week, however, and 2.499. .291 bushels of
old corn We're taken out of cribs and mar
keted at big profits. Foreign buying is in
significant, Atlantic exports for the week
amounting to only 1.0i2. .261 bushels, against
3.099. .s97 IA year ago. when quotations were
about Is cents lower. Wheat prices are
more ration Al and the movement is heavy.
Receipts for the week were 6.SsS, ,52s BUSH
els against 5.056.997 last year. and At
lantic exports 4.S73.309 bushels, against
! .G0i .935 a year ago.
wall Street had n weather market
Stocks moved vigorously all the week. de-
clining on Chicagos adyices OF heat in
the corn belt and rallying when the
drought was reported brok
THE money market was longer a
menace to stocks, for call loans were
down to 2ls per cent.
Failures for the week number 1856 in the
United States. against 2Sl last year. and
2S in Canada, against 2S last year."