Wausau pilot. [volume] (Wausau, Wis.) 1896-1940, 1903-07-07
aNn defnitelu /,
| New York.

IL VI No definitely unfaYora-
N6E IUik. BILE element is apparent in
---J the business situation, but
there are Several uncertainties that en-
gender more conservative feeling. In
regard 10 distribution of merchandise,
the long period of low temperature has
curtailed trade in dry goods, clothing and
other seasonabie lines. Stocks have &C.
cumulated, and prospects for semi-annuaI
inventories are not altogether encourag.
Ing. Railway earnings thus far ayaila,
Die for June surpass last years by 1912
per cent and exceed those of 1901 by ia
per cent. After further moderate conces-
sions in prices of iron and steel, espe-
cially in pig iron and partly finished
shapes, the market has steadied, and
there are indications that no additional
reductions of consequence are probable
for the present"
r. g. Dun & Co.'S Weekly Review of
Trade makes the foregoing summary of
the industrial situation. Continuing, the
Review says:
Buyers are still uncertain as to wheth-
or the bottom has been reached, and
there is no eagerness to place contracts.
Concessions are no longer readily OBJ
tanned, however, and the tone is improv-
ing. While it is well known that large
amount of new machinery is specified in
plants in course Of erection. or contem-
plated, there is an inclination TO delay
the placing of contracts as long as pcs
sible. Much of interest has developed
during the last week Ia regard to the for
eign situation. Contracts for steel rails
were placed abroad presumably because
of early shipment required, while rebate
Of duty on materials for manufacture and
export encouraged foreign trade. which
has begun to revive as the domestic mar
ket quiets.
Manufacturers Of cotton goods have
again advanced quotations in several
lines, notably sheetings, although there
Is no attempt to secure prices in proper
zion to the present position of the raw
material Production is being steadily
curtailed, and supplies of goods will soon
be abnormally light. No improvement
Is reported in the character of reports
from jobbers or retailers at chief points
OF distribution, except that moderate sue
cess has attended the semi-annual clear
ance sales of local jobbers. New lines
of lightweight woolens for next spring
are still confined to narrow and low grade
goods Only a fair supplementary de
mand is noted for mems heavyweight
woolens. Wool is unchanged and quiet.
New England shoeshops are busy on
fall footwear with sufficient orders on
hand to assure activity for some time.
Failures this week We're 223 in the
United States, against 200 last year, and
10 in Canada, compared with 20 a year
ago.
Bradstreet's Review:
Wheat, including flour, exports for the
week ending June % aggregate 3,51S,-
152 bushels, against 3,617,415 last week,
3,3S2,701 this week last year and 4,364,-
LAT in 1901 Wheat exports since July
] aggregate 221,607, $3.50 bushels, against
24S $50 last season and 215 177,7
in 1900. Corn exports aggregate 1855
724 bushels, against 1.0S9,353 last week,
100, 102 year ago and 2,455, AGO in 1901.
For the fiscal year exports are 65,650,
604 bushels, against 26,322, 913 last sea-
son and 1750S4, 40 in 1901.