The times., 1901-06-22
DUN's REVIEW OF TRADE.
Widespread Prosperity Evidenced
by Distribution of BUSINESS.

Widespread Prosperity Evidenced
by Distribution of BUSINESS.
NEW YORK, June 21-Dun's review to-
morrow will say:
Increasing distribution of merchandise,
particularly in the territory beyond the
Ohio River, including the far Northwest,
is a feature of the general business situa-
ton and tells of widespread prosperity
and confidence The railroads are carry
ing more goods that may be classed as
luxuries than ever before, and in spite of
Wall Streets slightly higher money mar
ket there is no fear on this score in any
line of legitimate trade.
Crop news continues good. There is
less trouble from disagreements with la
Dor, and the long laggard cotton goods
market has recovered slightly with the
reduction of unsold stocks of print cloths.
AT New York bank clearings increase ST.
per cent over 1900 and sc over 1899 for the
week, with gains of 21.1 and pa per cent.
respectively, at leading cities outside New
York.
Railroad earnings sor tha first .eeek
of June show an increase If 81 pr cent
compared with last year and 25l per cent
over 1889. All classes of roads show a
gain. with the largest increase on the
Southwestern lines. Less interruption
through labor controversies at machine
shops makes the iron and steel industry
more fully employed than in recent weeks,
and for another week there is assurance
of vigorous activity at mills and furnaces.
In many instances promised deliveries
cannot be made before July l and urgent
business that is now offered cannot be
| undertaken. 1t is also noticed that much
foreign business is available, but manu-
facturers refuse to make bids.
No decrease is seen in shipments of
boots and shoes from Boston, forwardings
continuing far in excess of other years,
but actual production of the shops Is
slightly reduced and there is less new
business offered. Quotations are shaded
about 25h cents on a few grades. Leather
reflects the decreased needs of shops,
though heavy stock commands top hg-
.sI2xcessiye stocks of print cloths at Fall
River have been reduced TO surprising
extent since the combination OF attfac,
tive prices and warmer weather infused
a little animation in the market. Sales
are heaviest in wide goods but standard
sizes also share in the enlarged busl-
ness The rapid strides OF exports 10
China in the brown goods division were
not without influence, and, taken as
whole the cotton goods industry has a
more encouraging aspect than at any time
for many months. An undertone OF
strength was seen in the raw cotton mar
ket on account of greater activity at the
mills. and good foreign buying also helped
to neutralize the effect OF better crop
news Improvement in woolen goods is
less pronounced. yet distinct gains are
reported in certain lines.
1.-The stock market has been troubled by
fears as TO the course of rates for money
in the next few weeks and has had several
periods of liquidation. Each one was fol-
lowed by-a sharp rally, and at the end OF
the week London turned buyer of stocks
after several days of selling. Money
worked up TO a ruling of 4d42 rate on
call and was u shade firmer for time
loans. but borrowers took hopeful view
of the outlook, and expected an easier
market after July disbursements.
Failures for the week numbered lSS
in the United States, against 1I9 in the
same week last year, and IA in Canada
against - last year.