The Montgomery advertiser., 1901-07-06
DUN'SREVIEW OF TRADE
DEVELOPMENTS OF LABOR TROUBLES A FEATURE.
Throughout the Country Jobbing and Retail Lines are Busy and are Handling Goods at Fair
 Profits.

NEW YORK. July 5-R. G. Dun & Co.'S weekly review of trade tomorrow VIII say: Developments of fresh labor trou- bles Is a feature of a week that has been marked for conservatism in many direc- tions. but throughout the country Jopplng and material lines are busy and are nano- ling goods at prices which yield Tar profits, There Is reflection of this actV- ity in the continued improvement In the eextfie markets in the East and the un. easiness over the money market does not extend beyond the ranks of speculators Tn stocks. Crop reports continue gra.liylh.s, E. much good having been done by rains m the Middle West. Harvesting or Winser wheat progresses favorably.
 Manufacturing has been interrupted py the elements and labor agitation. Nu, merous prostrations from heat caused humane employers to close mills during the most distressing hours, while the sheet and hoop workers were ordered to stop work until certain disputed polnts were settled. No immediate settlement IS anticipated because many plants need repair and others are taking stock; On- til the owners wish to resume tnelr Po- sition will not be known: The reduc- tion of 9 cents on No. 2S sheets was un- expected and not accompanied by any gem eral weakening of prices. Foot"ear 1, shops in New England are active on faii lines, but local jobbers are less busy ana orders from salesmen on the road are light. Leather is quiet. but firmer with a splendid export demand for nemiock sole. Woolens and worsteds are selling better and raw wool Is taken more Iresy, but the average of 100 grades, according to Coates Brothers circular. was slsnt- ly lower at 17.06 cents on July l: Cottons are in better domestic demand. but prices are held above bids of shippers to China and sales in the brown goods dlvlsion have decreased. Manufacturing, as whole Is unusually active for the sea- son. Staple products are quiet, specula- l. ton being restricted by depressing weath. CT and the lengthy holidays at most or the exchanges prevented new commit ments. News was us full of promise as to the growing wheat yield. ',ausing a further decline in prices, although foreign needs are known to be heavy. Corn steadied somewhat because of reported injury from heat and drought. Receipts continue light in comparison with last years, but exports are equally unsatis- factory. Cotton holds firmly at point a little below Sc. the free movement into sight of the old crop 'being disregarded. Strength is found in greater activity in the goods market together with rumors of rain in Texas and few other States. where moisture Is deficient. Sales of No. ' Rio coffee have been below cents. which Is not surprising. since receipts at Rio and Santos ports for the crop year just ended were little short of eleven million bags. Even this record-br oakins crop will be surpa ssed if the current yield is equal to expectations. Compared with the prices of year ago, wheat shows a decline of about Il cents bvshei cotton $6.25 a bale and coffee 3& cents a pound, while corn is not higher than last years price and pork products alone of these commodities show any advance.
 Commercial failures during the first hal1 of 1901 numbered 5759, with liabilities of $55, ,So4. .690, against 5,332 last year for $74.- 747, ,452
 In the manufacturing lines there were 1265 defaults, with $21, ,691, ,04S liabilities while 4.1ss traders failed for $24s64.2O7. The improvement over the preceding year was most striking in brokerage and banking tnsolvencies, which were g. 209.- 435 and SIS, ,S39, ,554 respectively, against $22 124,3 ,346 and $25, s22. .62S last year. This Is the more noteworthy because the vio- lent agitation in Wall Street during May was calculated to, cause serious disturb ance and the last week of June brought other failures through inJudicious specula- tion and poor banking methods While the half years statement is gratifying the second quarter makes a much better showing, liabilities declining s7,602, 602 compared with the first quarter, and $l7.- 623,6 ,675 in comparison with the second quarter of 1900 The average liability pei failure was smaller than in the corre' spending three months of any year since the records were first compiled. The pro- portion of bad debts to solvent payments through clearing houses was but 69 cents to each $1 900 and only one out of the pre- ceding 105 quarters recorded lower ratio, while the average amount of de faults to each firm in business was but $2O B, only seven other quarterly periods making smaller returns.