The evening times. [volume] (Washington, D.C.) 1895-1902, 1900-12-08
DUNs REVIEW OF TRADE.
Large Orders Booked Ahead by Great
Inausfries.

Industries
NEW YORK, Dee. S.@"Dun's Review
today says:
Business is progressing along conserv-
ative lines II is without excitement and
without great speculative activity, out
with confident undertone which is to be
explained largely by the fact that lead
ing concerns in most of the great indus
tries nave orders booked TO employ their
machinery at nearly full capacity during
months when eurtailment is usual This
situation should quiet fears of bad shocks
such as some previous seasons have seen.
No net reduction in working force has
appeared in the last fortnight aud a re-
adjustment of wage schedules in some
branches Of the steel trade is effected
without trouble. Prices OF commodities
are generally steady and holiday trade
is brisk ar all points. The South is Par
ticUiarly cheerful. with cotton firm and
the rice crop coming in at very full
prices
Bank clearings make excellent COM
Parsons. At New York this week the
gain is Us per cent over the same week
in 1889, and IS per cent over 1898. For
the .eading cities outside New York the
gain Is 3 per cent over 1899 and IS over
1888 Railroad earnings in November in
creased 1-3 per cent over last year and 13
per cent over 1898. Granger lines de-
creased. though there are signs of a re-
coyeTy of tone in bushes in the spring
WHEAT belt.
Collections are excellent, particularly
in dry goods Heavy absorption OF money
by the Treasury from the ba aks with a
renewal of moderate shipments South
have Led TO some uneasiness among Dor
rowers On collateral and on discounts,
but there has been no actual advance n
rates Exports from this city declined
sharply 10 s7.17I, I3G, a decrease Of So
500 Geo from the previous week but still
more than million dollars in excess of
last year Imports increased 81. 400 900
over 1929. smaller trade balance for
November viii be the result
There is no cause for alarm in the
small volume of new bushes at iron ard
steel centres. With the first sign of
higher prices there came forward such
a food of contracts that mills and fur
naees booked orders sufficient to keep
their full force employed for months
Hence there has come more quiet con-
dition, with less bidding for products
Fortunately quotations we're not forced
up unreasonabiy during the weeks OF
greatest activity and now there is no
sign of depression.
Wool remains steady and sales are
less tHan NAN last year S manufacturers
purchase carefully, and the goods mar
ket is unusually dull fer the season
For the first time in maGy weeks the
cereals exhibited strength, and some adj
vance was to be expected after the ex-
tensive decline. Wheat was started Up
ward by foreign markets and prompt re-
Spouse here compelled covering of con-
tracts. Nothing of Importance was earn
ed regarding domestic conditions :.side
from the heavy marketing al interior cit-
les Greater strength was shown by
corn. Cotton was stubtornly held above
10 cents. Many reports from plantations
suggest a crop larger than prevailing es-
Inmates, and heavy port receipts also dis
courage hopes of higher prices. Traders
impatiently await the Government report
Failures for the week were 2S7 in the
United States against 221 last year. and
20 in Canada against 80 last year.