The Montgomery advertiser., 1901-07-20
DUN's TRADE REVIEW.
Labor Troubles Will Hardly Affect
 Retail Distribution.

Iabor TroubleS VIII Hardly AnecS
 Retail Distribution.
 New York. Jul y19.-R. G. Dun & Co.'S Weekly Review of Trade tomor- row will say: q.
 Anxiety regarding unfavorable pos abilities in the future rather than any actual present misfortune. depressed securities has caused cancellation of some orders for merchandise by West ern dealers. Retail distribution of goods will not be curtailed by the labor controversy unless it is of long dura- tion. as the men have saved money during the recent period of full em- ployment at high wages. Similarly, in some agricultural districts where there is fear that little corn will be harvest ed. preceding bumper crops at good prices have put farmers in such pros porous condition that their purchases will not fall off materially while the greatest crop of wheat on record has not brought a return to the low prices of previous heavy yields. Beyond ad- vancing prices of steel sheets and de- pressing the market for tin, quotations have not been affected by the strike of the Amalgamated Association. Pig iron furnaces are not disturbed, al- though record breaking production will bring accumulation of stocks if the rolling mills are kept idle for any length of time. In branches not di- rectly concerned, there is no change of conditions, orders frequently rum ment. is expected, and there is relief over the general collapse of the ma ctinists' strike. In anthracite coal re- gions, work had also been interrupted, but the recent exceptionally heavy out put assures abundant stocks for some time. Woolen mills are generally more &C., tive than at any time this year. orders for heavy weight goods arriving in large numbers. The light weight sea- son will soon open. although 1t Is ex- | pected that concessions of from 5 to 10 per cent from last years prices will be made, there is prospect of profitable operation unless the raw material 1 should advance. Some uncertainty Is seen in the wool market, sellers mak- ing futile efforts to secure better terms, and ultimately accepting bids at for mer figures. The tone is distinctly l firmer, and stocks at mills and in ware houses decrease. In cotton goods, the situation is unchanged. There was decline in cotton below 8 cents, fol- lowed by slight recovery as news from plantations failed to show the desired improvement. Foreign consumption is light, judging by reduced exports and | port receipts of the old crop are still liberal. These are the depressing ele- ments to keep prices l 1-2c below last year.
 Stability of prices seems assured in 1 the footwear industry. The firm tone | is sustained by the steadiness of leather l and buyers are not seeking concessions. | Factories are running full time with
 orders on hand for months ahead. Fall
 orders arrive freely and many New | England producers refuse new con- | tracts unless allowed to make deliv- cries at their own convenience.
 Limited supplies of leather make the
 market very firm. Hides are fairly
 active and steady, some grades at Chi | cago tending downward owing to in- creased receipts of cattle because of | the drought but in the long run this
 should be supporting favor, as later
 arrivals must show at least an equiv alent decrease.
 Calmer counsel prevailed in the grain
 markets exaggerated dispatches were discounted and variations in quotations
 were less extensive. After a severe break from the best price last Friday wheat steadily advanced as the feeling | became general that foreign require l AnChbS O. HC" exports. possibly exceeding 250. 1000. 900 | bushels. Some of the heavy crop may also be used for fodder in sections
 where corn is destroyed. These infiu- l ences fully offset the effect of interior
 receipts for the week of 6.750.242 bush
 els. against only 4.3S2 254 last year. At.
 lantic exports show large gain over last years figures for the week,
 amounting to 9o2,775 bushels, against 1.SAS61 a year ago. Alter some reac- tion corn recovered most of the loss ! and holders showed their confidence
 in values by marketing only S.361.942
 bushels for the week against 4.416. .153
 a year ago, although the high price
 was distinctly reflected in Atlantic
 shipments of only 1.1769S2 bushels. against 3.961. .496 in 1900.
 Failures for the week numbered 19S | in the United States against 23l last year and 32 in Canada, against 27 last year.