Deseret evening news. [volume] (Great Salt Lake City [Utah]) 1867-1920, 1902-05-31
Money Easy Crop Prospects Good,
Confidence Abroad,
SOME DlSTURBING ELEMENTS
The Effects OF Depressing Influences
KeebIy Felt, but Relieved 10 be
Only Temporary.

New York, May SO.--R. q. Dun &
Co.'S weekly review Of trade tomorrow
will say: Ease In the money market
favorable crops prospects and conf
dence abroad are the encouraging FAC
tors which outweigh the disturbing ele-
ments Of labor conflicts and unseason-
able weather for retail trade at many
points. Effects OF the depressing in
fuences are thus keenly felt because
they are believed TO be only temporary
and confidence Is expressed that with
the resumption Of work and normal
temperature there will be a return 70
the liberal distribution Of merchandise,
Despite the short corn crop last
year. the large yield of wheat and high
prices for both resulted In the great
est value for the two crops ever record
ed which means that the agricultural
sections are prosperous and other III
dustries must share the good fortune
by increased sales Of products. Colec-
tons are prompt as a rule and pay
ments through the principal clearing
houses are well maintained. N0twlths
standing diminished speculation, there
was an increase Of IL per cent at New
York compared with last years ex-
changes.
Returns as to transportation show
that losses In grain movement are be-
ing more than made up elsewhere,
railroad earnings thus far reported for
May showing a gain OF Go per cent over
last year and 10 per cent over 1900. Eff
forts to place contracts for 100000 tons
OF pig iron, deliverable In the second
quarter OF 1903. indicate the confidence
OF the leading consumers az 10 the flu
ture OF this industry. There is no ces-
sation OF activity at the mills and An
ished products are forwarded TO Inn
Fortunate consumers as rapidly az pos
sible.
mo improvement Is reported at New
England boot and shoe centers where
the shops are still running only about
half time. There liz little more ac-
tiyity In the grades that declined last
week, but no indication OF recovery In
prices and other varieties tend down
ward Statesmen are booking q smaller
percentage OF orders at the south than
Is usual az this season. Local retail
trade has been more active. but jobbng
business continues slow, Recent adj
vances In leather are maintained with
betting but this freely purchased.
Imported hides are scarce and strong,
but domestic packer hides are more
quiet.
stocks OF textile fabrics are not ac-
cumulatIng, although the markets are
extremely quiet. Domestic iobbing
trade Is fairly satisfactory. but ex-
ports Of cotton gods are small. Print
cloths are dull and unchanged, with the
situation unsettled as to new prints for
the fall. Clothing manufacturers are
purchasing wooden goods In moderation
only and larger deliveries by the lead
ing companies increases the disposition
towards conservatism Prospects are
bright for a large yield Of cotton Dis
patches have been received from CORES
pondents OF Dun & Co., located in all
parts of the cotton belt, and the re-
turns are unanimously encouraging,
Grain quotations made a decided adj
vance early in the week, which not cas-
lily explained. except on the basis OF
light supplies in sight. This element !
was not new, recelnts having decreased !
materially for many weeks IN compar- |
son with last years movement. Suisse |
Quently. the grain was lost IN ontion |
trading. although corn was firmly held |
Failures for the week numbered 1894 |
In the United states against liS last |
years, and 20 In Canada against 20 a
year ago"