The St. Louis Republic. [volume] (St. Louis, Mo.) 1888-1919, 1901-06-15
Business Takes On a More Con
iident Tone ON Government
Estimates.
FAILURES FOR THE WEEK. 179.
New York. June l4.-R. G.. Dun & Co.'S
weekly review OF trade fo-morr,v will say;

| weekly review OF trade tomorrow Will say
Confirmation 10y the Agricultural Bureau o. TO
cent private stimates Of the wheat crop has
given to business a tone of greater confidence.
Retail operations. both East and West. are
larger. and distribution of merchandise by this
wk.l..s,e tfa!e Is Increasing Al dry goods and
boots and shoes.
The labor situation is gradually nendins. with
the appreciation Of tine fact mat IN some direc-
tions manufacturers would be glad Of n teal
pora-y shutdown Of works.
Pig iron production In May was at the rate
OF 3l+..05 tons weekly. according TO statistics
COMPLIED by the Iron Age. This is about the
ANTICIPATED Increase for May. AMI establishes a
rev hiSh-wat'r mark. exceeding the previous
record OF ls.Sso tens. An Interesting feature Of
tho situation Is Tie decrease Of furnaces In
blast to 23s. which is ~ less than vc:s actively
employed February l. 1879. when the weekly out
put was 2e .0i& tons. Although new or iers for
pig iron have been light in recent weeks. actual
deliveries on old contracts must have reached a
heavy total. for furnace stocks June 1 Were but
+.. ..3 tons. a decrease Of 31.5Ss tons during May.
Conditions In this industry must lie satisfar-
tory IL material is taken faster than II can be
produced. Notwithstanding a new record Of out
put each month. Prices are easier. Bessemer pig
showing a loss OF about ;, a ton. compared
with the quotation In February last year. when
the production was near present figures. This
absence Of imitation in prices is the best synlo-
tom in the market. and precluies 4 possibility Of
collapse ike last year
In finished products there Is great activity. ow.
ing to the laise amount Of gods TO be delivered
Su1 4AElt . ttt1 dAktbf NJ So
mediate shipment BY consumers Of plates. bars
and structural shapes. the activity in building
operations showing no diminution-
SeasUEable weather has some hat aroused the
dry gocds market. There Is not yet such actiy-
fly that dealers are overwhelmed. but the vart-
Gus divisions Of manufacture are fairly occu-
pied. and heavy supplies oi print cloths at Fall
River have decreased. Lower quotations recently
established had a helpful effect. but the tenn
perature was more potent for good.
eraged over 10000 cases weekly for some time.
and shops are well engaged. Fall contracts arc
beginning TO receive attention. Prices are steady.
Retailers are receiving better grades of glazed
kid shoes without higher quotations. Local Job
bling trade Is very active. Scarcity of heavy sole
leather sustains prices. but light weights are dull
and weak
Wheat declined to a more reasonable level with
withdrawal of speculative support. The Govern
mcnt report OF condition on June l was chiefly
responsible. A crop this year equal TO the great
est ever harvested was indicated by the official
orally proved below the final yield there was
heavy selling Of options. with a fall below sec
for cash wheat at this city. Foreign buying
promptly decreased. with the prospect Of more
satisfactory terms. Atlantic exports for the week,
flour included. were 49,. ?3 bu.. against 4 So. ia
last year.
Com also lost in value. although crop news
was not especially bright. Atlantic exports are
still unsatisfactory. amounting to 2ls., ss5 bu,
against S.ES. 593 bu- a year ago. Notwithstand-
Ing somewhat lower quotations for corn. the pro-
Nisicn market has developed much strength. and
pork products at the West are receiving the at
tention Of spectators TO an unusual extent, mess
pork rising TO f15..5 fere.
Failures for the week numbered IL In the
United States. AGAINST lsc last year, and o IN
Canada. against q last wear.