Show AS DUN VIEWS IT Dangerous Optimism oC Last Fall is Lacking Now New York July 1R G Duns Weekly Review of Trade will Hay Speculative activity In raw materials is not present to discourage new business busi-ness Producers and consumers arc getting together In more than one direction although midsummer Inactivity Inac-tivity Is emphasized by disturbed foreign for-eign relations and hesitation always attending at-tending a national political campaign False starts are to bo feared but tho dangerous optimism of last autumn is lacking and new business Is at lower prices prIccA stop to the decline In wool brought many manufacturers Into the market asking terms Good sales of California and Territory wools were made to mills and the tradu cxpeeta larger purchases to follow the opening of spring goods by the American Woolen company next week Holders who have hail diniculty in storing were the oh iff sellers Sales of wool at the three chief markets wore only 1337500 pounds against 10773500 pounds last year Similarly In Iron the depression which has resulted In hesitation and fear In other Industries tho tone Is better and in tho Plttsburg district tho mills have booked a line of fair orders In bars and plates Structural and bridge materials are better taken The refusal of the Amalgamated association asso-ciation to allow a change In the wage scale adopted In May has led to strikes at numerous bar mills and the Republic Repub-lic company Is to dismantle some plants to secure concentration but the nonunion capacity will prevent serious scarcity Further business in bars shows that agricultural Implement makers are active Gray forgo has fallen to16 at Pittsburg and Bessemer steel billets sold at SUI With the uncertainty un-certainty of the conference of steel companies at Chicago removed buyers may proceed with less anxiety Export Ex-port orders advanced electrolytic copper cop-per from liic to 16c in large lots Jobbers In boots and shoes are demanding de-manding prompt delivery In old orders but new business Is scarce Manufacturers Manufac-turers are taking leather only for immediate im-mediate needs but sole is more active and a large sale for belting at a moderate mod-erate concession Is reported Packer hides sell freely at Chicago at the recently re-cently reduced price I It was not at all surprising that wheat declined still further this week for the price had been held far above tho quotation ruling at this date in 1S99 and crop conditions arc so generally gen-erally satisfactory as to assure an abundance for all home requirements and the usual amount for export High prices have curtailed foreign buying to some extent and In four weeks Atlantic Atlan-tic exports of wheat Including flour have been 72Cfrl3i > bushels against 8830331 bushels last year Failures for the week were 231 In the United Stales against 151 lest year and 28 In Canada against 20 last year |