Evening journal., 1900-11-24
nME MAX nE IRADE

The business situation is In every |
way satisfactory, and more particular
ly because OF the absencel
Of the sensational specula-
tion which charactehzes the Wall
street market. with reasonable
promptness," say r. G. Dun g. Co,
business is recovering both activity
and tone and fortunately without the
sharp rise in general prices which was
seen in the Spring, and which was fol-
lowed by a sudden and serious transi-
Etion to a more natural range. Manu-
factured goods are rising. In response
to a better demand from distributing
sources. helped at the end OF the week
by the more seasonable weather.
Railroad earnings for the first half OF
November reflect a heavy merchandise.
tonnage, and are per cent. over the
same period of 1899 and 102 per cent.
over 1898. The gain is below other
months this year, but loss would not
have been surprising. In the West,
traffic is congested at junction points.
and cars are stlll in short supply.
Recital Of conditions in the iron
and steel market has become a mo-
lnotonous repetition. Each week there
Is the same record Of activity. SO gen
orally distributed that everything.
from the raw material to the finished
product, enjoys a share. There is also
the same freedom from speculative ac-
cumulation in anticipation Of fancy
prices that has been for weeks the
most encouraging feature The mar
ket is not rampant, but shows a
wholesome Improvement in the con
sumptive demand. Undaunted by re-
cent reyerses, spectators in cotton ad-
vanced the price about $3.50 a bale in
ten days. Receipts have been of mod
crate volume but the size of the cur
rent crop cannot be approximated by
any ordinary system of averages this
year, owing to the ample funds in the
hands Of planters, enabling them to
hold back much OF their crop.
New Iork's exports of merchandise
decreased $2,7S5,9s2 for the week but
the total was very heavy last year. For
three weeks the total of both imports
and exports is little changed from
1899 The trade balance for the month
will not equal October's record break
ing figures, Judging by the value Of
shipments from this port thus far.
Liabilities Of failures in three weeks
OF November were s7,12757S, Of which
$L7S6,S41 were in manufacturing and
S5,OS4,22S in trading. A year ago the
defaults were s5,1S6.657. and in 1898
, s6.1SO,220. while over ssOO0OO0 were
reported in each Of the FIVE preceding
, years"
Y Unsettled weather conditions" says
\ Bradstreets. have operated to curtail
retail and jobbing distributions thl,
week, and impaired quieter tone tc
e several lines indirectly associated
e Herewith. There is. however. little
n or no apparent loss Of basic strength
II and, indeed, the general level OF sta
1t pie prices has been slightly advanced
le This latter movement is most notable
in the iron and steel trades. in raw
+ cotton and TO a lesser degree in the &C.
e. reals and some hog products Railroad
N earnings, OF course. compare with ex-
eeptionally good results year ago
a and therefore, current weekly returns
h show little or no gain. despite the out
a. burst Of activity just previous to anJ
= since election which. however, ha
hardly yet been felt in the shape o.
Increased business. IN marine ship
!, ping circles a distinct Improvement s
reported since the first week Of No
40 vember. In foreign trade the featur
is a reported lowering Of quotation
n abroad. partly balanced, however, b!
q decreased ocean freight rates. TIL
n, rush is over in dry goods az Chicago
10 and wooden goods and clothing arc no
"a as wen situated as hoped for. owing 4
the lack Of steady cool weather. Thl
same advioes come from Louisville
d which reports Kentucky rye whiske
sc active and tobacco receipts increasing
~ Business is active on the Pacific coast