The San Francisco call., 1910-06-11
weekly Trade Review

NEW YORK, June 10.--R. G. Dun & Co S
weekly review Of trade tomorrow will say:
With a compromise effected on the question
of railroad rates, which, though depending in
part on action by congress on the railroad bill,
is regarded satisfactory, and with crop
prospects for both wheat and cotton decidedly
good the business outlook shows much improve
ment over last week The improvement is
most invariably leads to increased trade.
Stocks of pig iron continue TO accumulate.
vet curtailment of production much
less extensive scale during May than in the
preceding month. New business comes forward
In slightly larger volume in the west and bet
ter feeling exists as a result of the compromise
regarding freight rates Talked of cancellations
of equipment orders have not materialized and
the railroads continue to place some important
contracts In certain lines.
Structural work continues quite active and
bridge work pending aggregates about % 900
tons.
Formal notice from the largest producers of
cotton and woolen goods of an intention to cur
tail production vary materially and speaks diff
culties besetting textile lines.
Manufacturers are purchasing in limited
way and there is some increase in the call for
staple domestics. while the miscellaneous export
trade continues quiet but fairly steady, the best
markets being the Philippines and some of the
South American countries. Trade in footwear
continues quiet and manufacturers throughout
New England are running under materially re-
duced headway. but slight improvement is notice
able as New England manufacturers are getting
in more full orders. Leather is decidedly dull.
Dullness and weakness characterize the hide
market and prices are lower on about all va
rieties."
Bradstreet's tomorrow will say:
''Unseasonably cool weather still arrests retail
half of the country and trade is quiet in the
southern districts, though cotton and fruit crops
there are making progress.
'Jobbing trade reports reflect quiet In con-
sumptive demand in moderate volume of re-
orders, which are classed frequent but small
in the aggregate. Trade rs whole still hest
tates pending clearer view of crop and price
outcomes. Industrial reports point to consider
able eurtailment of output proceeding from un-
certainty as to the latter.
''The temporary settlement of the railroad rate
troubles and the postponement of advances in
this item of cost of business operation have
given brighter tnge 10 feeling in some basic
industries. The weeks price movement is to-
ward slightly higher range rejecting largely
crop uncertainty as regards the cereals and bull
ish operations in the remaining old crop cotton
months but the monthly returns of price move
ment point TO continuance of the readjustment
of commodity values on a lower level. where
high cost will not. as in the past, automatically
check consumption.
Future trade in cotton goods is backward
with operations cautious. Curtailment of oper-
ations is still in advance, estimates of
the reduced volume being in the neighborhood
of 30 per cent. In woolen goods, trade is also
backward and there is some idle machinery.
Sole leather is steadily bought on local and
export account. Upper leather is quiet and
tanners are reported curtaling operations. Bad
weather restricts trade in shoes. Pig iron is
more active, but prices are weaker.
Business failures in the United Staes for the
week ending June were 1S9. against $50 last
week, 1877 in the same week of 1909, 253 in
l5US. lbf IN lsOf ana itU IN iSpl
Business failures in Canada for the week
Sc. against is for last week and % in the
like week of 1902
Wheat. including -four. exports from the
United States and Canada for the week ending
June o aggregated 1, ,1o0,055 bushels against
2910 663 last week and 1857, ,1S4 this week last
year. Corn exports for the week are $50 $50
bushels against 23s.140 last week and 14.314
in 1909"
Imports and Exports at New York
NEW YORK. June 10.--Imports Of merchan-