The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-07-20
PROSPECT FOR FALL
BUSINESS BRIGHT
Encouraging Reports Received
From Commercial Centers.
tBy Telegraph to the start


NEW YORK. July 19.-Dun's Review
will say today:
Encouraging reports are received from
leading commercial centres, the volume of
business being exceptionally heavy Cor the
season. and stocks are depleted by the.
usual clearance sales. providing more
prompt payments and greater confidence
In the future. Buyers are numerous in
the large cities, preparing for an active
fall trade. now that the agricultural OUT
look IS less uncertain. Clothing manu-
few cancellations Other prominent indus
tries are well occupied. dfe quiet pig iron
market being seasonable, and furnaces
hnve contracted for their output so far
stimulate demand. Accumulated stocks
dcDress hides. yet the leather market is
firm. and shoe shipments from Boston for
the half year were only once exceeded,
and that by less than 4 per cent. 1mmlgra-
tion in June was 1854 greater than last
year, while the total for the fiscal year OF
.2So.349 surpassed the previous record by
6 ner cent.
Dizziness IN the pig iron market is not uh-
usual at this time Of the year. but there
is little reduction in output aud no evil
dence that furnace owners are seeking
business at lower prices. At some OF the
steel mills there is also more or less sen
specifications are large on old orders. ana
the plants that must stop for repairs do
not remain Idle any longer than necessary.
The most definite evidence that the situa-
ton is perfectly sound Is the absence %
pressure to find business, oven at coneess
sion in prices. Thus far the iron and steel
market has avoided this weak tone that
Is SO significant. On the contrary, pro-
ducers are confident that much de'ayed
business will appear when the crops are
secured, while still more postponed work
only waits for a normal money market.
A small tonnage Of structural shapes was
placed during the past week. and another
lake vessel provided considerable trade IN
plates.
A hrmer lone has appearea in the nri-
mary market for cotton goods, manufac-
turers securing without difficulty the prices
asked. While a few lines are distinctly
quiet. there Is more evidence OF satis-
factory business than at am time for sew
eral weeks. Although prices are considered
high. It Is felt that there is much to war
rant further advances, so that BUYERS feel
justified in operating freely, even for re~
mote deliveries. A1vices from iobhers In
dieate that advance business for fail has
largely exceeded authorizations, and there
IS much anxiety regarding the ability &C
the mills to make shipments according 90
specifications.
Accommodations in all leading markets,
both here and abroad, make lower unota-
tons for hides. although some Increase n
volume of business Is noted. especially VIII
Western packers. Despite The larger vol
ume of business. sales are less than the
slaughter. and stocks in the hands OF
packers are greater than at any preceding
date this year. River Plate hides are Ia
excessive supply in all principal Eurorean
market. buyers taking sample lots freely.
The tone Is firm. no concessions being of
fered by tanners, and there is pronounced
strength in hemlock and eak sole.
which gives especial strength to that Sec
ton OF the market. Glazed kid Is neaiect~
ed. recent reductions In prices failing 70
provide a demand equal to the output