Marietta daily leader. (Marietta, Ohio) 1895-1906, 1896-10-12
DUN'S REPORT.
A Somewhat Larger Employ
ment of Labor Reported.
Cargoes of Wheat Shipped From the
Pacific States to India.
An Unusually Heavy Foreign Demand for
Corn-A Smaller Decrease In Railroad
Earnings - Textile Manufacturers
h.. Gaining-Failures Increase.

New YoRK, Oct. 10 -R. G. Dun & Co.
says Saturday in their weekly review
of trade:
Distinctly better conditions have np-
peared Of late and are reflected In some.
what larger employment OF labor, in
large transactions and in continued
buying of materials for manufacture.
A great part of the change Is due
to those rcsistless laws OF supply
and demand, which take wheat
where It Is wanted and goli where
it Is wanted. India is waiting
for cargoes of wheat on the way from
Pacific states, just as Australia and
South Africa were not long ago. The
surplus usually available from India
disappears and the surplus from Russia
and European countries is reduced, ac-
cording to late estimates. 75,ooo,oOO
bushels Happily this country has a
supply which official accounts have not
correctly measured, If actual move
ments do not greatly mislead.
A feature Of large Importance, too,
is the unusually heavy foreign de-
mand for corn, which is q never fail
ing sign Of deficient crops abroad,
where other grains arc used instead of
wheat when the latter becomes scarce
and dear.
1t is another good sign that railroad
earnings, amounting to S3S, 745,3lS in
the United States for September show
smaller decrease nan in August-H
per cent. against 81 per cent compared
with last year
Iron furnaces in blast October had
capacity of ll2,7s2 tons weekly,
against l29,5Oo September and 217, BOG
November l last year, while unsold
stocks decreasd IS, $50 tons; but If those
of steel making concerns were includ-
ed, it would probably show an in
crease. Buying Of materials continues,
but Bessemer is shade weaker, S11. 40
at Pittsburgh. The demand for pro-
ducts is so light, and SO much business
is held back pending the election that
decreasing output is not an unhealthy
sign. Minor metals change little. The
upward rush of hides has advanced
prices at Chicago SIX per cent for the
week to the highest average since last
November. Prices of leather rose 2H
per cent. with small dealings. Shoes
are selling very little, as consumers re-
fuse to pay higher prices and dealers
remember buying at high and selling
at low prices last winter. Orders for
the next season are few and many con-
Germs may close for time.
Textile manufacturers are gaining
little and the buying of wool by large
mills covers 7,662,sOo pounds for the
week, against 1920, 200 last year.
Prices advanced about one per cent in
September and have since advanced
even more, though a few of the mills
have orders for long time. Buy
ing of cotton has been checked by
heavy receipts from plantations, 1922
2s7 bales having come into sight in
September against 542,394 last year.
Speculation in stocks has yielded a
little, about ID for railroads and IS
cents for trusts. The outward move
ment of money to the interior has been
$4,000, 600 tor the week, and little is
doing in commercial loans, with rates
about one-half per cent higher than a
week ago.
Failures for the week were 200 in
the United States against 2GS last
year, and As in Canada, against So last