The Montgomery advertiser., 1902-07-19
WEEKLY TRADEREVIEW
OUTLOOK FOR THE FUTURE IS
 ROSY.
The Immediate Present, However, Has Not Such an Encouraging Aspect-A Waiting Market
 in Cotton.

New York. July 1s.-Bradstreet's tomor- row win say: Weather. crop and in dustrial developm ents have been largely favorable and coupled with the great ease of money make for an optimistic feeling in trade and speculation. The future seems more and more secure, Lut the immediate present does not in all in-, stances present so satisfactory an ap-, pearance. Warmer weather has con- tinued to help retail distribution, but has not in all cases made up for the disadvantages caused by the past ct the backward season. Railway earnings are really flattering June returns on .rarly 100000 miles of road showing an aggre- gate gain of per cent on last year. In the matter of actual busin sss. i'm provement is noted in the demand for finished products of iron and steel and lumber seems to be recovering from the temporary depression noted Ut the be- ginning of July.
 The shoe trade and naturally hides and leather heretofore backward have begun to show favora ble signs and the strength of wool and woolen goods is also more noticeable. The dry goods trade, taken as a whole Is rather quiet, but increased interest is shortly to be expected. The eastern fall jobbing trade in this line is not expected to set in quite as early as year ago. Good growing weather Is re- ported the country over and corn and cot ton reports are generally more favor a. ble. The Southern peach yield has been large and fruits generally have done well.
 Iron and steel trade conditions are sur prisingly good, to none more 20 than the manufa cturers themselves, who at the middle of July find their output for last half year practically booked. The scarcity of pig iron amounts to some thing approaching a famine owing to restricted supplies of fuel. causing shut downs of numerous eastern furnaces. Numerous orders for pig iron for the first
 half of next year have been hocke l by Northern and Southern furnaces Inc position of the latter has been much i'm proved by the settlement of the coal miners strike in the Birmingham dist ict. Heavy sales of finished material arc re-
 ported at Chicago and Pittsburg this week Bar iron, structural material, 'sils and in fact all of the heavier forms Eote special activity. Implement manufactu- rers have been free buyers. Hard ware has been exceptionally active, builders material leading. Some western shovel
 manufacturers report an unprec 'dHnted | output and sale of this class of material | Wire cloth is active and large orders for i material are reported booked. Machinery l saws ana SIONeS dCtlNc dS thC ] Prices are at the top in practically all | lines.
 Woolen goods are still quiet at the | East, but the reports to the clothing | business received from Western and
 Southern manufacturers indicate a good business. Wool is strengthening pnfcep- | tibly, eastern quotations being one .half
 a cent higher and the tone is more opti' I mistic in this trade. It has been wait | ing market for cotton, the crop posatior | not being as yet so clearly de:ined as | to induce new commitments. A better | tone Is noted in the manutactuTins branch. particularly in print cloths whcf
 are said to be in increased inquiry al | Fall River.
 Wheat. including flour exports for tho
 week ending July 17 aggregate 3,7b5. .22
 bushels against 4,404.115 last week arc
 5.221, ,SS0 in this week last year. Experts since July aggregate 9,7S4,3S7 bushels
 against F, ,763 121 last season.
 1 Corn exports aggregated 1SO.e7s bushels
 against 1855, 131 last week and 1,n4.0Sl lts
 year.
 Business failures in the United State' for the week ending July 17 number l.
 against 195 last week, 10S in this week las wear. Failures in Canada number l
 against 2S last week.