The Montgomery advertiser., 1902-06-28
DUN's REVIEW.

New York, June 27.-R. G. Dun & Go. s
 weekly review of trade tomorrow VIII
 say:
 ranged by the sudden illness of the King,
 and there was much liquidation prior to
 the closing of British exchanges from
 Wednesday afternoon to Monday morn ing Domestic financial conditions are
 exceptionally satisfactory, and tra1e is
 well maintained, although low tempera-
 lures interfered with the distribution or
 midsummer specialties. Manutacturine operations have increased in activity, es- pecially in the iron and steel industries and the textile production, while the con, structiVe work on new buildings ana
 bridges is very heavy. Railway earnings thus far reported for June exhibit an average increase of 4.6 per cent over last year and 17.7 per cent over 1900 Most of the blast furnaces that were stopped by the scarcity of anthracite coal have resumed with coke. of which the ovens have established new records of output and shipments have been still larger, oW- ing to the stocks accumulated during the car shortage. Despite the vigorous pig | iron production, numerous contracts have been placed abroad. and still the machine shops. manufacturers Of stoves ana lm- | pements and consumers generally are seeking deliveries. Structural shapes Of steel and all forms of railway equipment continue to lead the market, orders in these lines running far into next year. | Bars and sheets arl the least active di-
 
 l tendency to weakness Higher freights
 have not materially checked importations, | and it is reported that large structural mill in Germany has sold it's output for l this year to American consumers. An
 other evidence of domestic needs is the placing of a Mexican rail contract With | British producers, which would ordinarily | have been taken In this country. East | crn manufacturers of footwear report a | large volume of contracts, mainly for de-
 livery in August and September.
 Statesmen are sending in more orders.
 the change for the better being most mo-
 ticeable at the South. More activity oc-
 cured in cotton goods, although at some l concessions in prices. The changes were
 raw material, buyers having delayed or | ders on that account Although bleached
 cottons were freely purchased at the de-
 cline. there was little trading in print | cloths, even at cents. Woolen goods
 have taken more freely. especially the | better qualities and clothing manufac- | turers are preparing for large fall | trade. Raw wool Is in better request at l Eastern markets. but the new clip Is held | at a premium that limits trade
 Agricultural prospects are far above | the average and rapid progress Is made | with winter wheat harvesting Delays
 have been encountered from heavy rains,
 while injury has occurred in the South | west from drought, but these adverse ln- | tluences are less extensive than usual; l Wide differences between cash prices and | next crop options indicate the views of traders The week brought little altera-
 tion in spot quotations light supplies
 holding ali cereals fairly steady Injury
 in Texas has partially offset the splendid | outlook in other cotton States. while the
 strong statistical position. together with
 liberal consumption and covering of short
 contracts at Liverpool. combined to cause
 a sharp rise in option prices and mod | crate stiffening of spot cotton, but the | advance was not maintained.
 Failures for the week number 200 in l the United States. against 204 last year, and 20 in Canada, against g a year ago.