Show = RETL TRADE 600D Warm Weather Offers a Stimulus Stim-ulus to Business PRICES OF CEREALS HIGHER I 3 I Corn Crop Conditions Remain Favor ablc is Iiikctvisovdo Those of Oats hut the Grains and Hog Products I Had Sympathized in tho Upward I Movement of Wheat Which Has at Last Broken from its Lethargy Cotton is Slightly Weaker and Wool is Dull New York June Bradslrects tomorrow to-morrow will say New business at wholesale Is of a betweenslatlons character char-acter but warmer weather has offered a stimulus to retail business in some sections Chief activity and most attention at-tention is however still concentrated on the price situation and efforts to readjust quotations to meet current demand de-mand and supply conditions go forward steadily The exception to the general downward trend of prices Is that furnished fur-nished by leading farm products notably nota-bly cereals but here tho moving cause is hardly favorable being the result of less satisfactory crop reports particularly particu-larly from lie Northwest and It Is to be noted that ads Ices from the central West where the winter wheat yield promises to be very short aro also less favorable The Northwest bus had some rains but it Is claimed not enough to render the situation free of danger Corn crop conditions remain favorable as likewise like-wise do those of oats but the gtalns and hog products have sympathized In the upward movement of wheat which has at last broken from Its lethargy and is again attracting speculative attention atten-tion Foreign crop advices It might bo added are not Haltering The German rye crop promises to be very short the same report comes regarding French wheat and English crop advices ad-vices are not of the besL If as has been claimed lowered prices for iron favor an Increased consumption con-sumption current developments In this trade may be classed as favorable because be-cause concessions are being steadily made In nearly every branch of trade The pi Ice of Bessemer pig and steel billets for the last half of 1900 has been agreed upon the result being a drop of 16 per cent In pig Iron and of 10 percent per-cent In billets from the old nominal quotations which howeer have not been closely adhered to of late Southern South-ern iron advices an of shading In quotations quo-tations In sympathy with similar action ac-tion taken at Plttsburg Chicago and other Iron markets Prices nt Birmingham i I Birming-ham are now on a parity t with thoue of ISuropi freight charges conslderod and here as In the North the possibility possi-bility of labor tests Intrudes Itself Cotton is slightly weaker Wool Is dull and on the whole slightly weaker at Eastern markets Mills engaged on womenswear goods are fairly CMII ployod The outlook favors lowir prices for the new spring weights Little Lit-tle that is new comes from the shoe business Leather is dull and rather weak Price shadings are reported the rule In lumber and this coupled with low water In the Northwest I It is hoped may restrict new production Surplus visible wheat supplies are decreasing rapidly lending Interest to current unfavorable crop reports The decrease In American stocks as reported report-ed to TJradstreels in May was lo330000 bushels against a falling off of OOttOOO bushels in April Supplies In Europe Australia and Argentine alfo decreased though to JL much less marked extent and the result Is an aggregate worlds supply on June 1st of 113583000 bushels bush-els a supply of 15C65000 bushels less than on May 1st and comparing with a d crease In May a year ago of less than 1000000 bushels and two years ago of an increase of pearly 2000000 bushels The decrease In American ami 1Jinopean supplies is the largest rcpprt ed In any month since 1SS and Is the largest reported in May since 1S95 Business failures number 184 as compared with 135 la tweek ITS in this week a year ago 221 in J80S 216 In 1S97 and 271 In JS9S There were DR failures in Canada In May involving S9312SO of liabilities an increase of 13 per cent in number and of 75 per cent In liabilities over tIe same month a year ago |