The Montgomery advertiser., 1902-06-21
WEEKLY TRADEREVIEW
THE PRESENT SITUATION IS
 CLoUDED.
If the Labor Troubles are Settled, a Splendid Fall and Winter Trade Will Be the
 Result.


 New York. June 2o.-Bradstreets to- ! morrow will say: F Conditions governing present and fu- l ture trades show very sharp contrasts.
 While the immediate present situation Is clouded by the rather less favorable in- dustrial outlook and the prospects of an extension of the coal strike in the bitum- imous fields. the continued favorable progress made by all the leading crcps lends assurance that once the present ! t:ained condi ion of Industrial. affa rs is relieved. large and prosperous fall and winter business Is assured. Fine re- ports of railroad earnings for this season of the year continue. Bank clearings are very heavy and a comparatively small number of business embarras- | ments reported.
 It. of course, must be borne in mini that the coal trade troubles. though mak- l ing their infiuence fe.t in wider area ! than before. are still comparatively To- ca ized. In the Central West. the South | west and the Northwest, busine;s both | present and for future delivery is in | most instances Ia excess of year ago. With the exception of too much mois- ture in the southwest interfering with ! the harve ting an1 condition of wheat | and continued dryness in Texas. spelling corn and impairing cotton conditions. the agricultural outlook Is practically with out flaws. Timely rains have also inn proved the cotton crop situation in the South Atlantic, the Eastern Gulf States. Tennessee. Arkansas and the Indian Ter ritory. Louisiana and Texas note that the weather Is dry and that cotton needs rain.
 The supply of anthracite coal is slowly ebbing and the use of soft coal ts grow sooy ,if
 Prices of farm products show the in fiuence of improving crop conditions Wheat is one exception to the general weakness, but this Is much due to the bad weather reports from Europe. Corn closes lower on the fiattering outlook for the growing crop, Oats are likewise affected. Cotton has reflected long ii- quidation on the arrival of needed rains in a further decline In the spots and futures, in which the strength of the statistical situation has been lost sight of.
 Hcg products have also weakened on larger receipts but beef prices show notable strength. owing, it is reported, to the scarcity of marketable animals. Re- fined sugar is lower after the heavy buying of the past month. Country pro- duce is lower. potatoes, particularly so. on larger recipts.
 The strength Tn manuiactureu materi- als Is notable. though print cloths are said to be weak in sympathy with the decline in raw cotton. The scarcity Of pig iron is causing noticeable stiffen- ing in prices An order for 3s,000 tons of steel rails for South Africa for de- livery this year has been refused be- cause of orders ahead preventing deiiv- cry
 Wheat, including flour exports for the week aggregate 3.S60.434 bushels. against 3,4N,3l4 last week and 5.53o2SS bushels in this week last year Wheat exports, July 1, 1901. to date. aggregate 245.2sb ss5 bushels, against 2lo.137.so3 last season.
 Corn exports aggregate 11o,s7s bushels. against 9f,9si lest week end ?.4354S7 last year. July 1, 1901. to date, corn exports are 6,193,075 bushels. against 1n,424224 last season.
 Business failures in the United States for the week number TIT as against l65 last week, 1S8 in this week last year, l61 in 19Oo 19s In 1899 and 220 in 1898. In Canada, IS this week against l2 last week.