Albuquerque morning journal. [volume] (Albuquerque, N.M.) 1903-1926, 1910-08-13

and Higher prices for milk and
butter are q reflection II earlier um-
favorable pasture conditions. Rain is
still needed in the Pacific northwest.
California has the largest barley crop
on record.
Large Liabilities of Failures.
Failures were fewer but liabilities
larger in July than in the same month
q year ago. The total number for
July was $50. an increase OF 5 per cent
over June. o a decrease Of 6.3 per
cent from July last year and 70 per
cent from July. 1908. Liabilities. how
ever. aggregate. SI1.06I00s. about
double what they were in June OF in
1ulf iasg YEAR though % per cent
smaller than in July. 1905. With this
latter exception. Liabilities are the
largest reported in July since 1896.
Twenty large failures ccoun FOR so
per cent If all the Liabilities.
Contraction In ClearingS.
quiet trade curtaIed industry and
EtagnaHt speculation are an reflected
In the july total Of bank clearlngs as
reported q Bradstreet which ag-
gr@gate &l1ls1.Sll.71s. q sum 81 SIS
Per cent below those Of June and is
per cent eelon July q year ago. They
are. however l9 per cent larger than
ln july. 1905. and per cent heavier
than in July 1907. though with the
exception 81 MAY and February this
the iightezt since Max. 1909.
One-fourth q I'll titles show declines
from july last year. For seven
months ri 1870 cleafings aggregate
3sA-4s5.o65.lo4. q gain a IS per
cent over 1903.
I2.a00.o00 Bales Of Cotton Possible.
The July - cotton report OF the
Ar#uW Hna.nH 80
condition % 15.5, as against 500 on
June IS and 7Is on July Is last year
This IS, with two exceptions. the low
est cond tion ~ tals date go ten years
The larger area planted. however.
renders ID possible that 100000
bales mas be gathered. though dry
weather ia the southwest IS thought
TO have reduced the TWO highest con-
ditioned states CTexas ana Okla.
homa) since the report was compiled
two weeks agO.
iron Dull Price Concessions.
Pig iron Is weaker. business is light.
production is decreasing. prices on q
number OF finished lines Of steel are
easier and trade in general remains
quiet. Foundry iron displays es-
pecial weakness, as low as 81. Biz
mingham. being reported for No. . I
southern. Virginia iron has been sold
IN the east for SIS. the basis being at
furnace steel making irons also re-
ilect tile influences generated los light
and rather large stocks. AS
a result, Bessemer is down TO Sl5.25.
while basic fetches Sl4.25. both quo
being al valley furnaces. Pro-
luction IN July amounted TO ~2.142.00O
tons, a decrease of 81 per cent from
June n le per cent from February.
the OUTPUT was IN "A record hi~h
point Inc output last month ex-
,eeded that Of July. 1909. by 10 per
sent. while II surpassed that of July.
lspS, a very depressed period. By IS
per cent. Comparison with July.
LsOis shows q decrease OF ST per
Further curtailment Is expected
Turing b current month. Steel bars
weaker. and 40 cents. Pittsbure.
: the prevailing figure on future
'rders, but some interests are still
holding 70 li5 cents. steel billets and Il
'heet bars are lower. and in conse-
luence some business has been taken.
quotations on nuts and bolts are he
ng shaded. and more %irregularity has
developed in prices for sheets. Keen ,
competition prevails among fabri-
ators of structural material. and as ,
result orders of relatively good vol
are being brought out. Business
n wire products during July was of s
ecord proportions for that month. d
educed prices have apparently slim q
lated business. some plate mills re- .
.ort a light volume OF orders 10 be :
illed. Prices on coke are firmer
Of copper were Of rather liberal
early in the week and as e [
esult prices strengthened. but later :
n interest ahated % quotations re-
eded- IL Is thought that production