New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-06-20
CONDITION OF TRADE.
"Dun's Review" says


Unseasonably low temperatures together with
f5 Cs5 PrsfIPS9n at many points haTe ne
The Counfrv as q whole however The nor result
has been satisfactory. better crop prospects aCCe
of manufacturers new disaster by the elements
caused heavy losses in oregon. but foods subsidized
at St. Louis. where industrial plants are resuming
and traffic is rapidly being restored Mail and
", farming operations are pushed with renewed
vigor. and normal conditions will soon exist.
structural work at this city has been checked by
the conflict between labor and employees, and new
controversies nave occurred elsewhere, put many
settlements were arranged and others are in prog
ress. Trade in Pennsylvania improved through
pension OF work in the anthracite region. Coec-
B4Gs @ Are Hor9 9T dp tb
week surpassed last years by 1913 per cent al
rruEI ~ WIN lt mere was loss OF H.
two years ago. At other leading cities there
earnings thus far reported for June exceed last
years by IS per cent. and those of 1901 by 148
Conditions in the iron and steel industry are
dency. although factors caicuated to- produce
weakness appear to preponderate Special sales OF
but this is attributed delay in transportation
and forced sale by owners. Yet few months
ago similar concessions were impossible and it is
apparent that the combination of unprecedented
taken control of the situation away from sellers
situation. condition of CROPS and the decline in
prices of stocks. although all have improved and
Meanwhile uncertainty as 20 the future course Of
eraIiT acknowiedged and even ex 5i in the in
dustry hesitate express a decided opinion
Latest reports of imports show a large decrease,
except 10 ore. while the export trade in finished
steel tends to expand.
"Bradstreet's" says:
Evidence multiplies that the second week of June
the turning point for the better in CROP trade
and labor matters. Improvement in these lines,
last week. has begun to be reflected in actual de-
mand at the West and South. and although cool,
rainy weather is still a drawback at the East,
many signs of progress in the right direction
continued good reports of the railways. some i'm
provement in collections. continued in money.
with some additions to confidence that the crop
movement in the fall will be handled without
undue strain. and an enlargement in Clearings to
a volume IN excess of last year The flooded dis
triCts of the West gradually winning out. re-
Mobilization and repair are making good progress.
some new business Is developing there. and the
the month Warm growing weather. much needed
but nOticeably absent heretofore, IS qufckenfng
trade in the Southwest and South. Northwestern
advices are OF course largely favorable, and the
are fewer than for long time past, and the
number Of idle has been further reduced Cereal
prices favor holders not as heretofore. because of
feared domestic crop damage, but because OF X
backs are of course. to be noted. Pig iron and
steel are weaker, buying Is still slow and pro-
ductlon is at an enormous rate. An important but
expected decline has materialiZed in lead.
cotton. owing to manipulative handling. has ad-
vanCed further complicating the situation Of
featured goods. The situation a whole however
might be likened to that of a strong resting
after great eXertOns. but underlying confidence has
recent past. The long lockout in the New-York
building trades unfavorably affects business in
building material stoves and electrical fixtures
hardware and multitude of similar lines.