The Montgomery advertiser., 1902-05-31
DUN'S REVIEW Of TRADE
ENCOURAGING FEATURES OUT
WEIGd Dis = . HBINH ELEMENI
Effects of the Depressing Influences
Less Keenly Felt Because They
are. Believed to Be
Temporary.

New York. May 30-R. G. Dun and
Companys weekly review of trade to-
morrow will say:
Ease In the money market. favorable
crop prospects and confidence abroad are
the encouraging factors which outweigh
the disturbing element of labor conflicts
and unreasonable weather for retail!
trade at many points. Effects of the de-
pressing influences are less keenly felt
because they are believed to be only tenn
porary and confidence Is expressed that
with the resumption of work and normal
temperature there will be return to the
liberal distribution of merchandise. De-
spite the short corn crop last year. the
large yield of wheat and high prices for
both resu!ted In the greatest value for
the two crops ever recorded. which means
that the agricultural sections are prosper
Gus and other industries must share the
good fortune by increased sales of pro-
duets. Collections are prompt as a rule
and payments through the principal
withstanding diminished speculation there
was an increase of 12.2 per cent at New
York compared with last years cx
changes. Returns as to transportation
being more than made up elsewhere, the
railway earnings thus far reported for
May showing 2. gain of 6.5 per cent over
last year and 10 per cent over 1900.
tons Of pig iron, deliverable in the second
quarter of 1903. indicate the confidence OF
the leading consumer as to the future of
TINS industry. There is no cessation of
sctivity at the mills and finished products
are forwarded to importunate consumers
as rapidly as possible.
No Improvement is reported at New
England boot and shoe centers. where
half time. There is little more activity
In the grades that declined last week
but no indication Of recovery in prices
and other varieties tend downward. Sales
m on ava hr,,Sl i'm -
orders at the South than is usual at this
season. Local retail trade has been more
active, but jobbing business continues
slow. Recent advances in leather are
chased. Imported hides are scarce and
strong but domestic packer hides are
more quiet. Stocks of textile fabrics are
not accommodating although the markets
are extremely quiet. Domestic jobbing
trade is fairly satisfactory but exports
OF cotton goods are small. Print cloths
are dull and unchanged, with the situa-
ton unsettled as to new prints for the
fall. Clothing manufacturers are pur-
chasing wooden goods in moderation only
and large deliveries by the leading COM
panies increases the disposition towards
conservatism. Prospects are bright for
large yield of cotton. Dispatches have
been received from correspondents of r.
C. Dun and Company located in all parts
OF the cotton belt and the returns are
unanimously encouraging.
Grain quotations made q decided adj
vance early in the week. which was not
easily explained, except on the basis Of
light supplies in sight. This element was
not new, however. receipts having de-
creased very materially for many weeks
in comparison with last years move
ment. Subsequently the gain was lost In
option trading. although cash corn was
firmly held.
Failures for the week numbered 1914 in
the United States against 147 last year
and 20 in Canada against q year ago.