The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1902-06-07
PEACE The GOOD FACTOR
AND LABOR TROUBLES AN OFFSET
Domestic Conditions ON the Whole
- Are Favorable.

:, New York. June 7.-R. G.: Dun company's
weekly review of trade says: j-:.. 80 =.
Peace in South Africa has greatly improved
the outlook. Foreign industrial markets will
quickly benefit by the development Of; that
country; while a return to active gold min
ing will have helpful Influence in monetary
circles. - E ':,'.f'E ~ <.
Owing to the present exceptional home
consumption, producers In this country may
not be able to take advantage of the oppor-
tunity Immediately, but even the indirect ef-
fects must be beneficial. 80 St. -: - -'':
Domestic conditions still have but the one
drawback Of labor disputes, which have re-
dueed the earning power Of a large force
is little cause for complaint. Orders are large
and distribution is less interrupted by the
shortage OF cars Railway earnings for May
show an increase of SIS per cent over last
year and ia per cents over 1900. ..,.-.. +. !.
Contrary to expectations. the leading pro-
ducers maintained their. conservative position
by making no advance in the price Of steel
rails. for delivery in 1908, notwithstanding the
very material rise that has occurred In pig
iron. .5 - 80 - '.f:, =, :
ing the past week, although consumers have
found difficulty in booking orders for deliv-
cry in 1902. This is especially noticeable as
TO structural matsrsl and railway supplies
not wholly averted but the loss in output did
not reach large figure, owing to prompt con-
cessiors on both sides 49, .-...
Practically no orders were accepted for
pig iron, however, owing to the Uncertainty
as to the extent of the strike. In tubes, pipe
and founaered lines, there is much activity,
with quotations fully maintained. Bitumi-
nous coal is abnornnaHy stimulated by, the
anthracite coal shortage and the output of
coke ia the Connellsville region Is, establishing
a new record each week. According to the
latest report; less tina than ! per cent Of the
Sales, of footwear have materially increased
with the advancing season! tjobbers reporting
generally favorable symptoms. - ~. : ]
t Quiet prevails In, hides. Textile goods are
firmly held with stocks well under control
: Buyers still show a disposition to hold back
orders, yet better terms are not indicated
by: the conditions of supplies. The fall print
basis, has been established, at least for the
time. Inquiries are larger for export grades
/ OF cotton goods. but sales in all lines are
limited. Quiet conditions are also reported in
woo1ens.z some cancellations following the
better. deliveries BY mills recently idle
through strikes. ~ t.. .5-ss.... ,s:-,.~, {
! Satisfactory weather in the leading produc-
ing regions had "a depressing influence on
grain quotations ana last weeks advance
[ wasS lost. Cash prices were slow to- reaqt.
rowing: to the extremely strong statistical apo-
| sition;< but the next crop options fully re-
fected the progress at the farms - ::
Failures this week in; the United States were
218, against 1874 last week, 1872 the preceding
week and. So. the corresponding week last
year. and in Canada Is against 20 last week,
13 the preceding week and 20 last year. ~ =,