The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1897-09-11
DUN & CO.'S. REVIEW.

bON ~ W. :. hE<f 4 IL w.
New York, Sept TOR. G. Dun. and
Company's weekly review of trade to-
morrow will say:
There is 10 Mailing in the advance.
Business grows better in all ways, for
while its speculative end breaks conspic-
uous gamblers for decline, a steady in
crease in production, in working force
and in the power of the people to pur-
chase is the feature which overshadows
all others. Reports of New York trades
unions shows an increase since one year
ago of "a per cent in the number Of men
at work and similar increase among
men in the like position throughout the
country would exceed 100000 while cy-
cry week adds many establishments to
the active list. The coal miners strike
has disclosed such facts and brought to
light such differences, that work will
probably be very soon resumed by a
large share of the men. The farmers
are helped by higher prices for wheat,
and while western receipts do not show
that they marketed a tenth of their
crops, assurance of handsome profit
to come prepares them to buy literally
hereafter. Because of this and the in
crease of hands at work, dealers through
out the country have started to replenish
stocks which is the great force at pre-
sent operating in manufactures and
trade, though distribution by retail trade
has greatly increased.
A gain of II per cent in one month
in the output of pig iron from 165,37S
tons August LIST, to 1886 September
1st, with the knowledge that half a do
zen other furnaces are preparing to re-
sumo and that unsold stocks have been
reduced 14,4OO tons, weekly in August,
indicating consumption of about $780,
600 tons, more than explains the moder-
ate advance in prices of finished products,
avera geing but per cent since the low
est point August 10Th. Pig is a shade
stronger at Chicago, but the proof that
the advance is healthy is found in the
growing demands of consumers. Rods,
sheets and merchant pipe are in heavy
demand. Copper is steady and lead
shade stronger at AIS cents and the
production of coke has reached 124, 900
tons with 12,717 ovens in operation.
Wheat has risen cents the past week,
not III a furry but in answer to the
daily increasing foreign demand. The
report of the crop, now almost wholly
out of danger, indicates yield never
surpassed but once. Foreign accounts
still strengthen the belief that the def
cheney abroad will be about 100000
bushels more than usual and meanwhile
REPORTS indicate that less corn than was
expected will be available for export
It's price has risen about q Of cent
While wheat receipts at Chicago have
been breaking records receipts at al
the western points are for the week q
little below last year, but Atlantic ex
ports this week were 9,77S, 1873 against
4.27O,755 last year for two weeks will
5,579,771 bushels corn against 3,570,1O4
last year, indicate foreign demand ap
parently limited at present only by shir
room.
Since the small corner in August, cot
ton has relapsed to ~ cents, no rumors
affecting prices much. Northern mills
are consuming very largely with a con-
tinung demand for goods which has
advanced the prices Of many. With en-
ormous speculative sales of wool which
appear to constitute most Of the market
at Boston, there is also more buying
there and elsewhere Iy the wooden mills,
which are enjoying extraordinary de-