New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-07-12
CONDITION OF TRADE.


'Dun's review says:
Good news predominates, although unfayorabls
new labor disputes arose. Oppressive heat checked
retail trade, and excessive rains interrupted har-
vestng yet experience teaches that crop disasters
from too much moisture have been rare. the other
Distribution Of products at Chicago retarded
by the freight handlers strike. and sympathetic
strike or teamsters was started on Ihursoay. o!n
mills at Paterson resumed. and many coal miners
contest may be near. There is less than the Gus
tomary midsummer idleness in manufacturing In
on J1I,y rsing To- Sol SO against ,l6ii6s month
0reyiogs and SOL 8e Year ago Speculation has
been more active IN securities railway stocks
Chicago July corn was manipulated TO the highest
point in a decade. Bank exchanges at the Leading
III per cent than last year and 27S per cent
June average 80 per cent larger than last years
and % per cent above those OF 1860.
2f RE IRON Tie
Age" the weekly output was at new high record
Of 35o $50 tons twhstanding the shortage OF rue
AS IT was well known that numerous furnaces had
a BUT fG factor was evidently
more than offset by the resumption OF plants for
ing the last twelve months is suecinctly shown by
comparing the @ OF wSeHy GnsPef from
mace stocks from Sa2.59S tons held year ago 10
@ If pr iron has continued in the face OF steadily
rising quotations. averaging between So and 81
"Bradstreets" says:
Warmer and more settled weather In many sec.
helped
possible to ascertain that the earlier reports OF
grain crop damage from rains were rather ex-
aggerated. While the hesitation in some lines OF
distributive trade induced by the cool: backward
weather has not entirely disappeared, there is
a disposition regard the situation. particularly
for the fall season, more assured than preNi-
ously. Among the industries iron and steel sun
rank first In activity, and the chief source OF
complaint is the scarcity OF fuel. both coal and
period The labor situation has rather improved
II anything. The anthracite coal strike still con-
tinues. but less confidence is noticeable among
those who predict a general shutdown of bttumi-
nous mines in sympathy. The Alabama and Nir-
ginia strikes appear In fair way 10 settlement,
and the probable ending OF the Paterson, Provi-
dence and Portland. Ore, strikes will favora bly,
thus far reported for June (the anthracite roads
excepted) show aggregate gain OF per cent
last year, and all reports to probable crops
and trade point to the maintenance of heavy
tonnage. Clearings more favorable than earlier
in the year, and the decrease shown by 1902 from
1901 bids fair TO be cut down. The strength OF
food prices. particularly of cereals and meats. is
rather than fears of possible future shortage.
Except for wheat. highest prices paid for ten to
twenty years past at this time being paid.
Textiles and other manufactured goods tend lower.
and thus affect the general level of values, which,
in the natural course of events, would likely
to recede the season for gathering large yields
Of agricultural products approaches. The ability
OF the best evidences of the prosperity prevailing
among all classes. A further light this matter
Is shed by the reports from all parts OF the
try OF enormous passenger traffic by rail and
water during the first week OF July. Failures are
down TO low summer minimum