The Seattle post-intelligencer. [volume] (Seattle, Wash. Terr. [Wash.]) 1888-1914, 1900-09-15
THE STATE OF TRADE.
n. C. Dun & Co.'S Review.

NEW YORK. Sept A-R. C. Dun 4 Cas-
weekly review u trade tomorrow viii saw.
The tropical storm that DEVASTATED the Gulf roast
almost wiring ont the city q Galveston and doing
DAMAGE IN other parts Of the coaairy. caused re-
dnction In tho volume Of business AZ the South
and the railroads in the Gulf region have probably
not shown their maximum lceses ~ earnings A.
yet but even after such es;astrcrhe reurerstive
power Is shown An added cause ~ hesitation In
business IL the order for strike 81 the anthracite
coal miners.
Otherwise the ~crtins forrr has increased this
week fcr operations are rcsumins a. steel mill.
and the Michigan Peninsuisr car plant and the
neertng Harvester Works have started up after
seven weets' idsness, With 500 hands each Frr,n
distribution u merchandise il reported in lob
hing and wtsil circles. The weather has con-
tnued favorable for the maturing corn crop, with
cutting progressing and the crop generally bsvosnd
danger; but dsrnars 20 cotton b. the storm Is sill
an unknown quantity. Prices II staple eommo,'i-
Ties arr higher for the week, hosted hv the shatn
rise In cotton, hut In manufactured products there
s sth little change. though steady increase n
business az the current level Is satisfactory Cot
ton closed last week at the highest price "a ton
years and large short interest Was awaiting re-
action Instead. there news ~ the disaster
in Texas and sensational reports tina. a million
bales had been DESTROYED Al the New yorh ~.
chance trading was far In excess Of all presiou.
records and prices rosc by bounds Subsequently,
but the market failed to respond and middling
unlands advanced 20 lie. The rise in the raw
material caused sharp advances IN cotton coed.
N one week standard brown shecting- from
sec TO &C.. wide hleached shertings from mc 10
2ic, standard brown drills from s6c 10 sSc and
staple rlnghams frnm &c to Sue
Buyers who have been delaying for weeks are
anxious 70 secure liberal supplies. both instant and
distant.
Stocks in first hands were cleared IN ard sellers
generally Withdrew from the market Wheat rase
above Soc again. in the face of receipts Tor the crop
year TINS Tar of sils's6 bushels larger than last
year while exports decreased 10 81 sss buAhels IN.
Guiding -four Reports Of heavy rains In some
sections and injury 20 the crop with better In.
qnifies by foreign houses explain the advance
More orders are beng received at irnn mills and
prices are steady, In structural and finished ma.
teuh there is much business. and activity u he
eosnins almost universal in the iron region s,eel
rails are awaiting for the agreement as 10 prices
which Is expected 10 be reached next weeh A
reduction In keepsns with other steel products Il
considered certain. and then the market will he
on settled basis Some large makers favor tn 50
the basis and believe that nearly 1000 600 ions
would be ordered at that figure shirhuiiains was
never more active, and feature was a contract
for coal pier TO be used in tho export trade
Roots and shoes begin 10 recover after msny
weeks II idle wheels. throughout New England
Orders are coming forward freely. and return TO
normal conditions Il In prusprrt
Last weeks shipments from Reston were only
WIZ cases, which Il the smallest amount aimee
the decline began hut Increasing purchases promise
early gain in forrariings Conditions s-e
similar In the wool market. whore sales last week
week aggregated 26i3.co pounds, aganst II 9sf $40
Pounds ago Prices do not fall as might
he expected in such duh season
Failures for the week were iS IN tho United
States, against iie last year. and 20 ia Canada
against "a laat year.