The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1903-06-06
FLOODS A BAD FEATURE
Transportation Checked The Bust
ness Situation Not Unfavor-
able on the Whole.
New York, June e.-Bradstreet's Of to-day

New York, June e.-Bradstreet's Of TO-DAY
says: I'D -
Wholesale trade is still seasonably dull, and
disastrous foods have checked trade and trans
portahon In the southwest. The situation as a
whole, however, is stin far from unfayora bile.
Higher prices for farm products Of all kinds
FAVOR some compensation to producers from this
source. The countrys foreign trade promises
well. failures are down to a low minimum and
bank clearihgs, tho reduced by dullness in stock
snecuiation, point to record totals outside Of a
few important speculative centers
Price rea ADJUSTMENTS, where lower quotations
are necessary, as in iron and steel, 20 on with.
out disorganizatton and the feeling grows thai
much demand discouraged by former high prices
may shortly develop. 81
Railway gross earnings thus far reported 70,
the month Of May show a gain of IL per cent
over last year, while April net returns indicate
profitable operation. Eg
Relatively the best trade reports. come from
the northwest, and the country between the Ohio
river and the lakes and the Mississippi and the
Alleghenies ST.
Mems wear. WOODEN goods are in fair demand
and worsteds are SLOW. Dress woolens are doing
well. New wool is active at the west. and dea !
higher than the current quotations for the
late clip, stocks Of which, however, are much
reduced 81 -
Western shoe tobbers and manufacturers are
busily employed and the same is true Of New
England, iron and steel prices tend lower. South
ern iron has been formally marked down thit
week 81 per ton. Bessenler pig has remained
fairly steady, hut steel hllets are reported easier
at 5Pittsburg and at Chicago. ~ assE
Present prices Of iron and steel would seem tt
preclude liberal imports of foreign material ex
cept where exports contemplated. The set
tlement of the Anlalgama ted Association wage
scale tends to give stability to this trade, ant
the feeling is that the lowered cost Of the crude
iron makes for fully as profitable returns tt
manufacturers as formerly.
Numerous strikes III The building trades limi
demand for lumber, builders hardware and II
fact all class Of building material, but structural
material remains surprisingly good in view Of
this. g.. iaI dos
It is stated on good tauthority that the Goa
trade was never in better shape than at presen
and the consumer continues to pay freely the en-
tire cost Of last years great strike y Retail
prices Of window glass are expected to ad
vance. t3.,,.-g
Wheat including -four, exports for the weel
ending June L aggregate 4,70s,995 Blu, agains
4,677 67S last week. 4s600,055 this week las
year and G. 644, 644 in 1901. Wheat exports since
July 1 aggregate 21O,2S0S05 bu against 2Ss,
O24, 9O1 last year and 200, SOL 500 In 1900. Corr
exports aggregate 1,O13,S71 blu against 1179, Us
last week Sc, 254 year ago and. 2,4o5,lO2 II
1901 For the fiscal year corn exports are g.
45O,712 bu against 25,986, S51 last yeason ane
1877, 1924, 200 in 1901. -
Business failures in the United States fol
the week ending with June number 157 against
ISL last week, 153 in the like week In 1902, let
in 1901, t104 in 1900 and ITS in 1899.