The true northerner. [volume] (Paw Paw, Mich.) 1855-1920, 1896-09-23
DUN'S WEEKLY REVIEW
Business Held Back Until PoIiti-
cal Sky Clears.
NO DISTINCT IMPROVEMENT SEEN.
Speculative Buying OF Materials for Fut-
ure Use Continues-Many Alarmed by the
Favorite Speculative Estimate on Cotton
Maturity OF Wool Notes said To Re
the Cause Of seiiing-iron and steel Man.
ufactures Waiting for Business.


ufactures Waiting for Business.
New York. Sept l9.-R. c.. Dun &
Co.'S Weekly Review of Trade says:
There is still no distinct improvement
in business. although conditions favor
il. Confidence slowly rises, speculative
buying of materials for future use con-
tinues, imports of gold do not cease,
and the Bank of England has not tried
10 check them by further advances in
rates. as the weight of the demand now
falls on France But an enormous bus
mess is held back until the future is
clearer. Names great majority had no
such influence as many anticipated
from a verdict so emphatic. To many
minds, nothing an eastern state can
do in a contest represented as sectional
gives sufficient assurance how the
western and southern state may de-
eide. In cotton. hides wool. and pig
iron buying openly speculative in
character marks the current business.
Resumption Of work by a good part of
the Fall River cotton mills and ad-
vances in some kinds of cotton goods
helped TO raise the price of middling
uplands to SA cents again, although
realizing sent ii down to SIa cents.
Estimate Alarmed Many.
The favorite speculative estimate.
which was about 100000 bales in error
a year ago. alarmed many by raining
1900, 900 bales as the minimum and o.
100000 as the maximum, a range wide
enough in itself to suggest doubt, and
either quantity with stocks carried over
is more than the world has ever con-
sumed. Wheat has also risen Is cents,
although western receipts OF 6,626, 800
bushels exceed last years, and in
three weeks have been 17.s55.S6S BUSH
els, against 10, 7Si. 6oj last year. Helped
by purchases at present low prices, At
lantic exports were 1922, S19 bushels,
flour included and for three weeks s.
7961S4. against 1887. 12s last year. Corn
has scarcely advanced as western re-
ceipts are still as large as year ago,
with exports smaller. The one indus
try showing increase of working force
Is the cotton manufacture, restriction
OF output having secured more healthy
demand for some goods. Most of the
mills have started or are about to start,
though the uncertainty of the cotton
market embarrasses. Prices OF staple
goods have advanced so generally that
the average representative quotations
Is 81 per cent. higher than in the first
week of August
Speculative Buying Raises Sales.
No such Improvement is seen in WOOL
ems, but the speculative buying of
wool, nearly all at Boston, has raised
sales to 17,715.300 pounds for the past
three weeks, against 17,133,470 last year
and 24,572. 400 in 1892. The maturity of
large wool notes is said to be the cause
of selling, and prices do not rise,
though quotations are more nearly sus-
tanned. There has been a fair week in
dress goods and better demand for
cloakings. but the heavy failure Of q
Philadelphia firm tends to restrict op-
erations. The iron and still manufac-
ture is still waiting for business with
nearly half of it's producing capacity
idle, but hopefulness and speculative
buying of pigiron sustain prices. Sales
said to amount to $4,000 tons have been
made of Alabama iron for shipment to
England, but the home demand does
not enlarge at all, and the various as
sociations still hold combination prices,
though the demand is remarkably slen-
der The coke output is less than 50,-
900 tons weekly.
Failures for the past week have been
81 in the United States, against 213
last year. and thirty-two in Canada,
against thirty-two last year