Show SOlID BASIS OF TRADE Harm Done Trade by inflated In-flated Price of Cotton fated coton I FOREIGN TRADE MAINTAINED Exports and Imparts Shew aGain a-Gain Over Last Year Buyers Taking Woolen Goods Freely at Old Prices Showing Preference for Current Grades New York July UR G Dun 8 Coa Weekly Review of Trade tomorrow will any Further evidence of the solid basis upon which lefiltlnmlo trade IB cBtubllshed has been furnished by the equanimity with which commercial and financial Institutions Institu-tions regard tho recent speculative collapses col-lapses Much more harm has been dono to the countrys manufnctures and trade by the Inllntcd prices of cotton than by tho depression In stocks Reports aro al mOt unnnlmou as to the heavy distribution distribu-tion of merchandise As a rule retail trade In summer fabrics has continued heavy and Jobbers report fall business openinG well Foreign trade Is maintained both ox ports nnd imports from this city showing gains over the corresponding week last year Moderate Improvement Is I noted in tho tone of tho Iron and steel 1 Industry In I cotton goods price are fully sustained Aside from a few of tho highest grades new lines o lightweight woolens for next spring aro fully opened l Prices are about the same as a year ago uyer3 are numerous nu-merous In the leading markets taking woolen goods freely and showing prefer once for tho current grades Hides again average much lowor and Itdes this continued weakness encourages hoc manufacturers to postpone purchases of leather In expectation of better terms Failures this year were 18 l In the United States against IBS last year and 13 In Canada compared with IS a year ago |