The Minneapolis journal. [volume] (Minneapolis, Minn.) 1888-1939, 1904-07-02
DEPRESSING BUSINESS FACTORS ARR
SLOWLY pASSTNn

SLOWLY PASSING.
New York. July 2.-Bradstreets Of today says:
Midsummer quiet rules general trade and in
dustry, but good crop prospects make for hope
Of much more satisfactory half year than has
largely matter OF tone and OF better feeling,
and is apparently content to move slowly until
pending crop prospects become certainties.
Preliminary indices of past preparations con-
firm earlier rather pessimistic reports. Bank
clearings for six months will fall at least Ii
P per cent behind chin year ago. most Of the decline
city the decrease Will not much exceed per
receipts VII breSsp f0r ths
gain Of 8 per cent for the month"; tho de-
creasing per cent for six months. The fiscal
year, as whole, owing to gains last year, will
show an increase of per cent in gross. Net
earnings, however, will probably show slight
will reflect more Of an increase in liabilities, due
to few large failures, than to actual casualties
business men generally in the first half YEAR ar
Reports of distribution gary in different sec
lions and range from to 10 per cent below
button are considered
These conditions, however, all relate to the
past, and the future is additionally hopeful
Next week Will see the opening of spring lines of
WOODEN goods, and purchases of raw material,
both at the west and at the east, are increas-
Ing.
Slack demand and overproduction IN some lines
nave spurred American manufacturers to seek a
for May show that iron and steelmaKers = have
found 1t possible to export more literally and
manufacturers generally are moving abroad SO
much better as to indicate that the present year
goods in the country's history $500 : - :
In the iron trade last week reported ground
Ing on the bottom, the tone is rather better
tho tho bessemer Iron Is easier. Production is be
CLIMATIC conditions, and there is frmer tone
to southern iron In the west, the result of rail
way rates not being reduced, as expected. Fin
ished products are quiet. but some sales of rails
at special prices are reported. The soft Goa
industry has been and is conspicuous sufferer
by the quiet of general industry. Anthracite
coal for domestic uses is active but steam
grades are quiet.
Sheep shipments from eastern points show
large increase over last week. but this Is re
garded as temporary squirt. Manufacturing
is quiet but leather and hides are held steadily
is still Of dull trade and of high prices Of raw
materials, discouraging future operations. bu
change for the better is easily visible.
demand has answered disappointingly the re
auctions shown in many kinds of cotton good
| during the past two weeks.
week ending June 80 number 2O4, against 21
last week. 162 in the like week in 1908, Isl
in 1902, 145 in 1901 and 148 in 1900.
In Canada failures for the week number 20
against % last week and in this week
Wheat, including -four, exports for the weel
ending June 80 aggregate LIP ,SS5 bu. agains
271,437 last week, 2,966 692 this week las
/ against 223. 166, 373 last season. A7 1854. 473 Fl
1902 and "a. e47,5 sol in 1901 Corn export
1889 1852 last week. i.42O.172 q year ago. 127.
i $50 in 1902 and 2.240,9 33 in 1901.
I1:30 pm. Saturday Minnetonka Trai1
On the Great Northern has beer