The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-10-23
WEEKLY TRADE REVIEWS,
Dua's and Bradstreet's Reports on
the Condition OF Trade.
THE WEEK wAsA VERY QUIET ONE.
Dun says Speculative imitation si
Prices Was Happily Avoided.
Bradstrect ON stock Market.

New York. October a?.--R. q. Dun a
Goa weekly review OF trade will. in its
issue Of tomorrow, say: After the heaviest
buying ever known in any branches dur
Ing September and the frst half Of Octo-
ber Il was both natural and desirable that
more quiet period should give time for
testing the sizc and temper Of retail trade
end for distributing part OF the enormous
quantities bought. In textile goods tho
rush Of orders went far beyond distributive
demands In August and represented great
replenishmcnt OF stocks and the similar
rush for goods has been correspondingly
great In other lines during the past two
months.
In iron and steel ana in boots ana shoes
there was actual danger OF a speculative
imitation OF prices such as was seen In
1926. but 1t has been avoided, apparently
for the season by the solid sense OF lead
Ing men who regard the time OF compar-
alive quiet essential to the coming pros
perity in their lines. As the buying for
replenishment Ia partly satisfied and dim
inished there IL some decrease In the vol
ume OF transactions, though at the same
time the working force has further In
creased. the wages OF labor have been in
numerous cases advanced and the founda-
ton laid more broadly every week for
larger buying and business hereafter
The iron Industry waits because posi-
BILE production for the year has been prac-
uoally ordered while neither buyers nor
sellers regard contracts at current prices
Tor next years business as quite safe,
Bcssemer pig is a shade weaker at 5000
and Grey Forge at $3.50 at Pittsburg. while
nfl ard IN At x.ia ariy,xr
to the stoppage Of the only two works OF
moderate size. so much has the current
demand come to exceed production. Sales
OF warrant pig Iron at Philadelphia, 25c
below is not In fact decline. New bus-
ness in finished products Is almost Of necos-
sity smaller. since manufacturing works
are nearly all full for months ahead the
plate mills at the West 10 full that they
could not compete at all. for three Rookie
Teller vessels requiring $500 tons each.
The demand for bars Is the best for long
time and contracts for the East River
bridge and for numerous new bridges and
railroad bridges arc still pending.
The coke output has risen TO 145. 0S3 tons
weekly and is the largest known for years
The severe decline in cotton to 6.l2 cents
from s % cents August 30 is due to wide
spread confidence in the large estimates
in the yield. A natural consequence In the
fall print cloths to the lowest point IN tho
history of the market, 237c. and cotton
goods generally arc easy with limited sales
OF staples. All wooden goods are firm, but
there is no new business of note for spring
outside OF dress goods. Sales of wool have
sharply decreased again nj Boston, amount
Ing to only 3.043,000 pounds. against over
10, 100000 pounds the last week In Septem-
Der and that week was the dullest since
January 1. Some large offerings were made
to realize profits before prices fell, but
quotations remained unchanged, because
even at half cent decline buyers were not
disposed to take hold. The produce market
acted with as little apparent reason as
usual.
Wheat advanced "a and corn declined
a small fraction.
Failures for the week were PA in the
United States, against 274 last year, and
SO In Canada. against 60 last year.