Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1903-07-30
TRADE MAINTAINS
GREAT ACTIVITY
Usual Midsummer Dizziness
Is One of the Missing
Factors.
PEACE PERvADES LABOR WORLD
Settlement of Disputes in the Build
ing Trades Brings About Better
conditions-Woolens Sell at Lower
Priees--collections Above Normal.

New York, July 27.-"The tenor of
the dispatches from nearly every Sec
ton of the country indicates that
there is. less than the customary mid
summer dizziness in business, and
collections are more promptly met
than usual. A large proportion of
the unions have signed a working
agreement with the employers in the
building trades of this city, and fully
one-haf the men have returned to
work. Earnings of railways reported
for July exceed last years by 1873 per
cent, and those of 1901 by 24.2 per
cent. Farm work still retards re-
tail distribution of merchandise in
western sections. Foreign trade at
this port shows gain of $2,569, 900 in
value of imports as compared with
last year, while exports decreased
$5O2,022," according to r. G. Dun &c
Co.'s Weekly Review. Continuing, the
report says:
Securities Decline.
Good news as to the progress being
made toward settlement of labor dis
putes was neutralized by the decline
in securities in so far as the iron
and steel industry is concerned. There
were many indications that the inter-
ruptions from strikes would be less
frequent in the immediate future, and
there was general disposition to
fully sustain prices. But the heavy
liquidation and new low record prices
for steel issues had much influence
on conditions in the actual business.
Nearly half million tons of steel
rails have been ordered for next years
delivery, and other heavy steel shapes
are attracting close attention. The
trade will benefit by the greater sta
bility of prices secured through the
revival Of the billet pool Bessemer
has steadied, bringing out new or
ders, but there are still evidences of
weakness in other classes of pig iron.
General resumption of structural work
in New York is the most important
element in the steel industry at pres
ent
Leather Industry.
Footwear factories have much
work in sight, buyers having placed
orders freely, and there are still many
representatives in the Boston region,
from which shipments continue to
eclipse all earlier records. Quotations
are fully sustained, and new business
is well distributed. Thus far there is
no reflection of this activity in the
leather market. Heavy receipts of
live stock following the accumulation
of poor quality hides early in the year
explain the unsatisfactory situation in
the Chicago market. and foreign dry
hides have also lost another fraction.
WooIens Are Lower.
"The unexpected happened in the
market for woolens. 1t was confidently
believed that new lines of staple piece
dyed goods would be opened at fully
maintained quotations, but the Ameri-
can Wooden company reduced prices
to about the same level as existed a
year ago, despite the material increase
in raw wool and several other items
in the cost of production. The cut
was evidently made to secure bust
ness rather than because of any weak.
ness in the market.
Buyers are still able to delay
placing any large amount of business
with the cotton mills, and there are
daily additions to the number of idle
spinners as the supply of raw materi-
al gives out. Domestic mills are stead
lily curtailing production of cotton
goods, and inflated prices are only
made possible by speculative selling.
Failures numbered 1911 in the Unit.
ed States against 208 year ago, and
nineteen in Canada compared with
seventeen last year"