Los Angeles herald., 1905-05-27
CONDITION OF BUSINESS
Review for Week by Dun G. Co. and
Bradstreet's Commercial Agencies

BY Associated Press.
NEW YORK May 26.-Bradstreets tomor-
will say:
Wholesale trade is seasonably quiet, pending
clearer view of the crop outturn, which,
owing to irregular or unsettled weather In
wide area. still lacks definite form. Cool
weather is still a bar to fullest activity at
retail. Manufacturing activity is still in
large volume on orders previously booked.
Speculative markets for wheat reflected the
technical conditions and short supplies in
primary markets more clearly than they do
the slighter deterioration in quantity and
quality indicated as resulting from recent
backward weather.
Collections reflect little more than season
able slowness, and money is easy and in
abundant supply. Rather more friction in
labor matters is noted at Chicago, the expect
ed ending of the teamsters' strike being de-
layed.
some few points of labor friction are noted
in other cities
Despite efforts to accentuate less favorable
happenings for stock speculative purposes,
there Is still confident evidence that the
country's cOnsumptive requirements are on a
large scale, heavily exceeding year ago
at this time and the movement can be ma
terially quickened by more seasonable weather,
allowing of beated retail buying materializing
and ordinary crop developments occurring.
Railroad earnings for tho first half of the
month of May exceed a year ago by 65 per
cent.
Business failures in tho United States for
191 last week 1871 for the like week i'm 1904
1S1 in 1908, 1853 in 1902 and IA i'm 1901.
In Canada failures for tho week numbered
a year ago.
Wheat (including nour) exports for the week
ended May % are l22l, ,2O9 bushels, against
/. 1875 $50 last week and l,132 l57 this week last
| year.
From July to date the exports are 57.22t, 2O7
bushels against l26 OO9,22l last year and l5i,
800, ,709 in 1903
NEW YORK, May 2s--R. G. Dun & Co IS
weekly review OF trade will say tomorrow;
Improvement Is reported In retail trade, al
though weather conditions are still far from
ideal and excessive rain retards agricultural
progress sufficiently 10 cause conservatism
among dealers; yet confidence In the future is
the prevailing sentiment
Building operations make favorable compari-
sons with recent years. and there Is little con-
tToversy regarding wages hours of labor
Foreign commerce at this port for last week
shows little change In comparison with the
same period year ago. exports increasing
S22t. .775. while imports gained $500 956.
Railroad earnings thus far reported for May
exceed those of year ago by per cent and
after falling TO the lowest point OF the year
prices Of securities recovered materially.
Money is abundant and easy and commercial
payments are more prompt In most sections Of
tho country
No diminution ~ strength Is noted In raw
wool and the mills are also correspondlngly
firm in their views. Holders have exhibited
interest in the Chicago hide market during
the past week. and as natural result quo
tations show downward tendency.
The depression extends to dry hides. West
ern country hides are relatively hrmer than
other divisions of the market.
Failures this week number 2ll IN the United
States. against 2.6 last year, and 10 in Can
ada. compared with II a year ago.