The Montgomery advertiser., 1902-04-12
WEEKLYTRADE REVIEW
GOOD NEWS PREDoMINATEs IN
 BUSINESS WORLD.
Bad Weather Conditions and Exces- sive Rains Have Interfered with the Field Work of the
 Southern Farmer

New York, April 11,--R. G. Dun and Company's. weekly review of trade tomor- row will say:
 Good news .predof,inates in the busi messy world, notwithstanding two some what serious drawbacks. Weather condi- tions have-not been satisfactory at many points. retarding retail distribution and delaying outdoor work while excesslve rain has put many Southern planters be- hind with the work in the 'cottpn fields. Still more of a handicap is "a strike be- tween wage-earner and employer. Manu- facturing'is exceptionally active in lines not disturbed by stocks and there is vigorous movement of goods through reg ular channels. At the close of last week negotiations were concluded for large sale of pig iron at sls,5o. furnace deliver | ies bekiiining in October and covering six months This price is in line with the | avowed conservative intentions of the leading interests. Yet spot transaetions' are reported at $ higher quotations secure prompt shipment Not only pig iron. but bars. billets and structural shapes are all sold so far ahead that new business is comparatively light, al- though consumers would quickly absorb any early deliveries that might be or fered Tue situation may briefly be sum med up in the statement tbat It Is the exception when the order books are not | filled for full capacity we'll toward the end of 1902. Buyers are still placing con tracts abroad,
 I Firmness in cotton goods, nat urally follows the combination of light stocks and the interruption of work at | some mills with threatened disturbance
 at others. together with the higher price | of raw material. In many lines It IS no | longer possible to secure prompt deliv-
 cries and buyers have practicallv ceased to ask concessions. Large transactions have been effected for export, mainly for 1 sheetings for China. Clothing buyers are I seeking to secure woolen goods to sub | hnliNHrtnG rNfnr6ad | stock, but find the market heavily over
 bought and many lines withdrawn or ad- | vanced in prices. Wcrsted ,manufactur- CTS arc busy and there is a noticeable I inquiry for warns.
 F'eotwear manufacturers have secured a little more business and shopssi iisSe been l able to avoid the reduced demand that l was feared. Jobbers have placed orderS I for fall supplies earlier than usual; which had a helpful influence. Quotations are | fairly steady and in the iobbing trade there is a greater demand for shoes than
 was expected. Leather is dsliet after the recent activity. yet there is no indication of weakness and exports increase. Dry hides have advanced.
 More animation has appeared in the
 speculative markets for. staples. 1uctu- ations were more irregular in corn which | broke sharply here and at the West buy made q partial recovery. although still remaining bflow the best price or last
 month. Wheat moved with narrow linn it's varying fraction acc ording to the | preponderance of good or bad crop news. | Western receipts for tho week were L. 722, a2 bushels against 2,9eS.oi2 year ago
 and the total for the crop year is grad | uallS falling back to last years figures.
 Lower prices stimulated exports for a
 time. but shipments of wheat and Hour
 from all ports of the United States du-
 ring the week were only 3'@99'o busheis
 against f976,S10 last year and Atlantic
 exports of corn were only 159,2l3 bushels against 2,0sO. .3i9 a year ago. Cotton nov ed up to the highest point of the season
 worthy that heavy liquidation failed to
 produce weakness offerings being readily
 absorbed Coffee was depressed by aX- ceSsivc stocks and receipts. the spot price
 falling close to the low record. Failures
 for the week numbered 19S in the ni-
 ted States against 203 last year, aud ,ls in , Canada against 24 last year.