The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-17
DUN's REVIEW ON TRADE.
Closing of Great Industrial Contract.
Stimulates Confidence.

Stimulates Confidence.
NEW YORK, Nov. lG-Duns review to.
morrow will say:
Sixty railroad stocks this week advanced
to an average price of SLIP per share
the highest in eighteen years. The TOP
point OF September, 1899, was $500 pei
| share. Wall Street is moving as is its Gus
| tom. little in advance OF the rest of the
country, but there is not day in which
| one OF the great industrial contracts de-
layed until after election is not being
| closed, with confidence that in trade gen.
orally great structure Is TO be built on
| the foundation laid in the last few years.
Prices of commodities advance almost
without exception. and all the changes in
| manufactured goods are in the direction of
iirmer quotations. The smallness Of stocks
of goods carried is a feature of our reports
from most Of the leading centres. Scarcity
of labor gives manufacturers in the Middle
states great concern.
Largely on account of Wall Street Oper-
atoms payments through the New York
Clearing House show a gain of % per cent
for the week. compared with last year.
while the gain over 1898 is 41.6 per cent
For leading cities outside New York there
is a loss of per cent from 1889 but
gain Of q per cent over 1898 for the week
Activity at iron and steel mills steadily
increases and there is an equally uniform
advance in quotations. The gain has been
more general this week than at any pre-
vious time this season. pig iron moving up
% cents a ton, and corresponding gains APP
pearing in bars. billets, plates, and struc-
tural materials generally
Packer hides at Chicago have ceased to
advance, but remain firm at top prices. and
country hides made further gains Leather
quotations are only slightly altered. while
most grades are steady at former figures
Boot and shoe manufacturers are still I'M
able to secure any advance in quotations.
although they are attempting to raise lists
2 IL cents. Local jobbers are well sup
piled, but more seasonable weather has
stimulated retail trade
Textile industries are rather quiet, al
though heavy weight goods move more
freely with the lower temperature Wooden
are not yet seeking raw
in great quantity. and wool is not
changed in price. Sales at the three chief
Eastern markets have again increased.
while Western consignors still insist that
commission men shalt not accept lower
bids.
"A temporary furry in the wheat market
on Monday took the December option above
50 cents. 1t was reported that Wall Street |
operators were turning their attention to
grain. The much discussed advance in |
meats at Chicago was not heavy but scare
ty of first quality fresh eggs has brought |
very high prices. Cotton rose slightly. Elk |
ports to Great Britain continue heavy,
,ven at prices cents higher than Il year
100.
New Orleans took about 5000, coo more
rom New York this week for crop move
nent but otherwise the interior business
II currency was largely in favor of our
,anks. the gain approximating S2,G00,00O
rom all sources. Our foreign trade still
that we shall have a great store
# gold al command next season. Rates for
money average IL per cent higher for
treet loans. though railroad collateral was
AIKEN at per cent. when loans largely on
ndustrials were refused at per cent Fail
res for the week were G1I against 21G
asst year in the United States. and in Can
da. SO, against 20 last year