The times., 1901-06-01
DUN,s REVIEW OF TRADE.
Unchanged Conditions Reported I'm
the West and south.

NEW YORK, May 31.-Dun's review OF
trade tomorrow will say:
while the weather In the East has i'm
paired trade to a considerable extent this
week. rendering the season in some lines
rather unsatisfactory, the West and South
report unchanged conditions, with opera
tlons well up to the average. 1t is the
season when crop damage rumors are al
ways heard. and they have come from
many quarters. but probably in large part
owe their origin to speculation.
The labor situation is a little brighter.
Many strikes have been settled. and others
are expected to terminate shortly Rail-
Nad earnings continue to reflect general
trade activity. gross returns for May thus
far reported showing a gain of Sc per
cent over last year and 26 per cent over
1899 Bank clearings at New York for
the week increase q per cent over 1890
and H.1 per cent over 1893: while at lead
ing cities outside New York the gain is
15.9 per cent over 1900 and 13.5 per cent
over 1899.
Iron and steel mills are working at
full capacity, and more new plants have
been put in operation. Quotations are
well maintained, without any effort to
secure advances. Farming machinery is
a feature of the domestic business There
is little less activity among menufac-
turers of boots and Shoes some of the
smaller plants reducing time or closing
down, ostensibly for the purpose of tax
ing stock. Leather is still strong and
active for heavy sole and high-priced up
per stock. The Chicago hide market is
firmly maintained.
Extended holidays abroad and a short
one in this country have tended to make
corn has had the added drawback OF hesi-
tation among traders who have not yet
recovered from the effects of manipula-
tion in the May option Foreign pur-
chasers were driven out OF this market
by inflated quotations. as shown by At
4S6, ,2S5 bushels. against II .341 ,665 bushels
last year. and 49, SS,sls bushels in the
same weeks of 1899
Misfortune has also overwhelmed cot
mistic views circulated by traders and
factors, who are endeavoring to sustain
prices in the face of heavy receipts and
conditions at New England
mills, where print cloths have been sharp
ly reduced to 2Ss cents in order to dis
pose OF the accumulation, which Is said
to reach two million pieces There was
more activity the first day the new prices
prevailed, but the market quickly settled \
back in it's old position OF lethargy-
Heavy brown goods have steadied
under better Chinese enquiry, but local
retail and jobbing trade is restricted by
unfavorable weather. Although 1t is be-
tween seasons with the silk trade, there
is a good demand, and available stocks
of the more desirable lines are reported
light The ribbon trade continues brisk,
despite lowering skies Carpets and up
holsteries improve and in staple clothing
woolens there is more activity. The de-
cline extends to the entire list of domes
tic woods. although not more than cent
in any grade.
while stock speculation was on
small scale the market seemed TO be
steady In a gratifying fashion after its
severe shock of panic. The money
market was easy. Foreign exchange was
firm gold exports being resorted to in
order to provide bills needed for regular
and bankers security opera
tions Imports at New York continue |
very heavy, in four weeks exceeding last
year by Sc, SIS, ,627. Exports are also OF |
good volume, but surpass those of the |
weeks of 1900 by only |
81 .l25, ,533 These figures of foreign COM |
merce at this port indicate another large |
credit balance for the |
month of May.
Failures for the week numbered l4S in |
the United States. against 160 last year,
and q in Canada, against 20 last year