Akron daily Democrat. [volume] (Akron, Ohio) 1892-1902, 1900-01-27
TRADE Is SOME LIGHTER
Dun's Review Attributes 1t to the Mum.
ber of Advance Orders-FaIl- l.
ures For the Week.


ber of Advance Orders--FaiI-
ures For the Week.
New YORK, Jan. 27.-R. G. Dun b
Co.'s weekly review Of trade issued to.
day said in part:
No news 10 not always good news.
New business for manufacturers this
year has been light in some branches
and much below the production last
month. 1t is perhaps too often for.
gotten that industries start this year
with larger contracts ahead than ever
before, and when half of the work Of
the whole year has been ordered in ad.
vance there can not continue quite the
,ame' activity in new buying. The
wooden manufacturers have Just
opened new season with the largest
transactions ever known in single
week. 1t Is said, but in most other lines
contracts previously booked would make
similar activity impossible. Ye. there
is seen enough Of hesitation caused by
advanced prices to make inactivity try
ing. Distribution to consumers through
out the country is rapid and large, espe-
cially in quarters where 1t has been
feared retailers were over buying, so
that there is strong confidence III the
future.
1t could not be expected that business
would adjust itself without any embar-
rassment to such rise Of prices as has
occurred. Early In December wool rose
too high for prices then obtainable for
woolen goods, and weeks OF dullness
followed.
The boot and shoe manufacturer is re-
celving small orders, as jobbers pay the
prices asked only for such limited sup
plies as are needed for sorting, but their
urgency to receive goods heretofore
ordered is marked.
Irou and steel prices have been yield.
ing for several weeks and are shade
lower for products than at any other
time since the middle Of September,
though Bessemer pig aud billets are
still SO scarce and firmly held that only
two sales, amounting to 5000 tons, are
anywhere reported Agreements :. to
hold the price of bars do not prevent
sales at Philadelphia for 2.071a of iron
considered by buyers best refined, &C.
cording to The Iron Age. though sellers
call 1t common, and plates and sheets
are both irregular there, with narrow
plates sold at Pittsburg below 2.25.
Structural shapes are not quoted lower,
but the New York Central contract for
$4,000 tons bridge material went to the
Pennsylvania, Pencoyd and Detroit
works, and two orders for $4,000 tons
rails are taken ut Chicago. Last year
1850, 103 tons OF pig We're produced,
according to the official record, the con-
sumption being 1874, 727 tons.
Wheat has advanced to 755sc with no
clear reason for such a sharp advance.
Western receipts are small, in four
weeks only l0,0S4,928 bushels, against
l7,2J0,257 last year, but the Atlantic
exports have been only 1881 ,474 bush.
els, flour included, against 1907 ,3S3
last year. Pacific exports show little
gain, amounting TO 3,3ll, 1885 bushels fo-
the same four weeks against 2,l75,24S
last year. but this is OF no aid to Attain
tic markets Exports of corn still show
that American food Is wanted abroad,
having been in four weeks IS, 4S2, 792
bushels. against la.370,564 last year.
Nevertheless the price Of cash corn has
declined about three.quarters of q cent,
although option prices are about the
same as at the close last week.
Failures for the week have been e3l in
the United States, against 224 last year,
and 3s in Canada, against 83 last year.