New-York tribune., 1907-06-01
CONDITION OF TRADE.
rDun's Reyiew" Saws:

Seasona bic merchandise goes into distribution
slowly which causes accumulation OF spring and
dealers and retards collections. while making op-
erations for fall and winter much more cOnserva-
hut the HOLIDAY retarded recovery and progress ia
slow. On Monday securities fell 10 about the low
average since 1904. which attributed TO the
violent advance in wheat. and that in turn was
charged TO the Ilnfay0rabe weather AgricultlraI /
disaster predicted because the official records
in that year the leading crops Established the high
est figures OF yield up TO that time. In 1882 the
production or wheat first exceeded t1G0,G0 bush
els and new records were also attained by cotton,
oats ana rye, Whe Inc Hlelc OF corn surpassed all
previous years win one exception and that dihel-
epce vas very small. Manufacturing plants are
ders covering output far into the future, and
New England cotton mill employees have received
eighty-hve thousand hands. Another evidence Of
progress N cotton spinning vas the increase In
most PROSPEROUS Of recent Years RawaW ~ esrnngs
IN Ma We're I45 er cent isrrer tan IL; tba eaIS
month Of 1906, while foreign commerce at this port
ports and loss of s242s,6l1 in exports, as com
pared with the same week last year. The latter
aafavorable comparison was again due TO the long
shoremen's strike, which interrupted the loading
y IT EtregnL @ BANK eKchanges for the week at New
hork were IA per cent smaller than in 1906 while
n other leading cities there was an average gain
Current Transactions in the iron and steel indus
Try OF comparatively little significance, owing to
thst will maintain activity far into the future,
entire Year Of 1905
"Bradstreet's" says:
Cnseasona bly, cold weather. with frosts
throughout the northern half Ct the country has
again been bar TO retail trade, except in a few
sections. and the coldest May in twenty-five years
closes with large stocks OF goods undisposed OF by
retsiers- The crop situation, which has in IL the
nelpec by good progress in spring wheat and some
gain IN parts Of the winter wheat belt which
had necessary moisture. Corn planting has been
finished but the cotton crop appears have either
stood stin gone backward q result of cold
nights heavy rains and poor stands. There s still
general complaint that recorder business from Job
bere ana manufacturers, especially in all kinds OF
wearing apparel. has been smaller than expected
and there IS more manifest this week a disposition
await developments before embarking heavily
for the future, though the volume of business
booked ahead compares well with preceding years.
Something Ike a transference of interest and of
speculation from grain 10 cotton is evidenced tn S
touched early in the week IN the OF wheat,
and IN q sharp advance iu cotton damage re-
ports and excited speculation. Money is easy, but
collections slow ba ckward best. Strikes
are more in evidence, witness the continued inter
iDption 10 business at San Francisco the lingering
smaller strikes Of Southern car shop and street
railway employees There is also some prospect of
hnsettement 81 the reports OF demands for higher
wage scales by iron workers and coal miners IN
the Central West Eastern cotton mill employees.
numbering eighty thousand. have secured advances
IN wages, and there IS apparently a more aggres-
siVe disposition manfesting itself among wage
esrners generally either as regards compensa ton
as 70 union recognition. Bank cearinEs ir-
regular, but, the whole. smaller than last week
last year. Failures few and comparatively
Hniuportsnt.