The Montgomery advertiser. [volume] (Montgomery, Ala.) 1885-1982, 1904-07-09
WEEKLY TRADE REVIEW
MrDsUMMEn QUIET PREVAILS IN
MERCANTIK.D LINES.


New York. July s.---Bradstreets to-
morrow will say:
Trade and industry have been at q
low ebb this week rejecting vacation
influences, summer shut downs ard
generally quiet distributfve defhand.
Chief interest of course cefters IN the
crop situation and the irregular move
ments Of securities and Of prices OF
staples are traceable to uncertainty
generated BY reports Of excessive
moisture in the winter wheat BELT and
too cool weather for corn. REPORTS
from cotton and oats. however, are Ia
yorable. railway earnings confirm ear
lier reports of good June results In
a probable increase Of per cent In
gross earnings. Wool continues the
strongest of textiles, the shifting from
the old to the new clip accompanied by
an advance Of from ] TO 2 cents per
pound including Considerable buying
by manufacturers here and at the west
Primary grades are strong and two
thirds of the Montana clip Is reported
already sold. The dry goods market
has ruled rather quiet recently. re-
auctions in cotton goods having fail!
ed to evoke expected interest. Spring
woolens are now being opened by
manufacturers. but It is still too early
to tell Just what the result Will BE-,
the strike of clothing operatives rather
clouding the outlook.
juliet has very generally ruled In all
| the leading industries. Production OF
crude materials is shown to q mini.
mum in iron and steel and while there
is more inquiry. manufacturers are
| ioathe to sell freely Mt present lew
| prices. Some labor troubles exist iii
| branches of the iron and steel Indus
| try in Pennsylvania, and the cool min
ers strike in Alabama renders r1afiti-
| facturers frmer In their views as re-
CARDS pig iron. The steel rail mills
of the country have about had theft
possible output booked but the bal
nnce OF the year is uncertain. The
| lumber trade is rather quiet DIS a whole.
| Eastern shoe manufacturers report bus
mess rather quiet. Failures r. the
United States for the week ending July
| Z number 172 against 204 last week
| and 154 same time in 1908. Canadian
| failures for the week number "a
against 20 last week and 20 last year.
New York, July S.-T.. q. Dunn and
Company's weekly review of trade to-
4 morrow will say:
Midsummer quiet prevails in mercan-
tile lines and the past week has Wit
messed much idle machinery at manu-
featuring plants, yet the tenor Of re-
ports from leading cities indicates IN
| creased confidence in the future. The
| combination of reduced output and rood
weather for distribution OF stasoneb1e
merchandise has improved the situation
by contracting stocks Ct goods in the
hands OF Jobbers aad retailers. C.DiIcr-
lions at the end, of The fiscal year were
also better than anticipated. Trans
porting lines are more active as shown
| II, tna ~ a tv. n 4
road earnings compared with iune
10. 1903. Quotations of iron and stetl
products average slightly lower. al
tfuash the markets are almost riorii-
nnl. T3e Industry Is at the .tiiesl
point Of the year. OUTPUT OF pig iror
rs flu ther curtaiIed. More coke oven.
are Idle and the bituminous coal trade
| IL d9Il.
Some increase in inquiries for cot
ton goods at first hands has not re-
suited as yet in any definite expan.
sion. The most favorable deveiopmeni
of the week was the increased impor,
demand. More new lines OF wooden,
have been opened, but others are with.
held because of clothing strikes. While
sellers express themselves as satisfet
with the process of trade thu far a
sufficient number OF high grade lines
has not been shown to determine this
situation. Wooden mills are con-
fronted with rising market for raw
materials. Domestic hides of July
sailing are slightly flrmer owing to
the better quality and the tone is we'll
maintained. except of branded hides OF
which receipts are now large. Leath-
er is a little steadier.
Failures this week numbered zoe
in the United states against 1914 last
year and IL in Canada. compared with
"a a year ago.