The Big Stone Gap post. [volume] (Big Stone Gap, Wise County, Va.) 1892-1928, 1906-07-12
rLArr1Rlso REPORT
The Week as Seen by Dun's CONNER
eial Revie~-issuc of Jane 80.

tion's history thus far. and OPP
timism is SO general throughout
the commercial world that the
twelve-month promises TO carry
the high water mark still higher
With few exceptions the crops
are making good progress, and
the new year viii start with
more business on the books Of
the manufacturing on c ern S
and greater enterprises n q
undertakings IN contemplation
than on any previous July J.
Scarcely any labor struggles
of Importance exist. and there
Is no imitation of sc curities
through speculative operations
with borrowed money. These
are some OF the reasons for con-
fidence in the future. Trade
reports for the week indicate a
seasonable disposition 60 curtail
wholesale business. but even
this summer influence is less
quoting than usual More new
scales have been signed by
which wages will be increased.
and the pending dispute at tex
/ tile mills promises amicable set
! Element Railway earnings In
three weeks of June were 1913
per cent. larger than I'm 1908.
and disbursements for interest
and dividends at this center
next month are estimated at
/ Sl60. 100000 which is about 500.
600 600 larger than a year ago.
One of the few adverse reports
of the week is the delay 10 zee
building San Francisco by the
high price of labor and the tar
/ dlness of some Insurance settle
ments. Money lis firm bat there
was less than the usual pressure
IN preparation for scmi-annual
settlements. and the Govern
ment fiscal year closes with "a
. good balance ON regular opera
tlons. while gross gold in Treas
ury vaults is at the unprccc-
7 dented figure of -e0lCl5.s31.
/ Bank exchanges at New York
/ for the week were lO.l per cent
/ larger than year ago. while az
T other leading cities thc increase
averaged 0.3 per cent.
+ Prices of iron and steel proc
ducts have often been higher
than now. but DO is doubtful
/ whether the position was ever
. more wholesome. There is no
artificial initiation and few huc-
ions. "a IN % IS the only
/ changes being such premiums
as are offered for earlier doliv-
cry than the mills can guar
antee. Steel rails are sought hv
+ Canadian, Mexican aud Japan
csc roads. and an extensive eN-
port trade would be accomplish
I ed NJ the mills were not So gene
+ orally oversold. Some estimates
place the business already book
Ell for 1907 at 500. 1000 tons.
whereas ten years ago thc total
production was only 1922. NlO
tons. More new bridges swell
/ the requirements for structural
shapes. and there is constant
com p in because work on
buildings is de lay e q by the
tardy delivery Of steel. Large
contracts for pipe are pending.
/ which viii carry some mills zap
20 the end of the year. as they
I have three or four months husi-
+ ness already on the books.
+ Primary markets for textile
I fabrics are still held back by
F uncertainty regarding the sta-
/ bility of prices. especially in
the cotton goods division 10
I Is the season of conflicting state
lments about the new crop of
cotton, and the July option has
+ huctuated So critically hat
T prospective purchasers of nm
ished products defer placing
1 contracts. Meanwhile. the un-
/ dertone is strengthened by she
I certainty that Jobbers stocks
are becoming exhausted. and
icurrent requirements must soon
cause resumption of buying.
( This influence neutralizes the
effect upon prices of the tempo
rary indifference.
Better weather for growing
! grain carried prices lower when
the week opened, but every
speculative selling movement