The times. [volume] (Washington [D.C.]) 1897-1901, 1900-11-10
DUN's REVIEW OF TRADE.
Plenty of Money for the Prosecution
of Legitimate Enterprises.

flenty Oh Money IOr the prosecution
of Legitimate Enterprises.
NEW YORK. Nov. 9.-Dun's review to-
morrow will say:
Business displayed remarkable nerve
during the Presidential canvass. and now is
shuddering a little when it thinks of what
was escaped in the action of the voters a,
the polls. just as enc will often show great
est fright after danger is past. But the
road is clear. money promises to be plenti-
full enough for prosecution OF all legitimate
enterprises. and heavy contracts for raw
materials and manufactured goods are be-
ing negotiated.
In the small stocks OF goods carried in al
most all lines there Is reason to look for
an increased volume of business. which will
be fairly sustained. Prices Of raw mate
rails, except grain, show tendency to i'm
prove. and the working force has been in
creased since election by resumption of full
operation at factories which had contracts
with present conditions attached.
Bank clearings show for the week a de-
crease of GA per cent for leading cities out
side New York, compared with 1899, and a
gain Of us per cent over 1898. whereas
New York shows Ill per cent loss from
1899. but 29.6 per cent gain over 1893.
Speculative activity considerably increased
the total both this year and last.
Wall Street at once advanced prices
sharply for railroads and industrials when
election returns came in. easily sweeping
away the opposition of those traders whose
motto is to sell everything on good news.
London, which Is obligated largely to New
York for options stocks. was also a
heavy seller about 10000 shares on bal
ance for the week; but these offerings were
all absorbed at rising level of quotations
by the heavy demand from outside inter-
ests long awaiting the removal of what
seemed to be the last obstacle to a sus-
tanned and healthy market
A rate OF Is per cent for call money
made early in the week was significant
only of ante-election nervousness and the
rate declined to an average of 1-2 per
cent, while time loans and mercantile
discounts also declined about 1-2 per cent.
Exports from this port for the first week
OF November were 2,516,13s larger than
the same week last year, while imports
declined slightly. The final official state
ment of foreign commerce in October has
not appeared. but ought to show balance
of at least $50, o0O, eco in favor OF this
country.
Iron markets are in encouraging condi-
ton. No violent speculation is threat
ened. but in numerous instances better
demand mas caused small advances. Inc
most notable change thus far is in pig
iron, which is eagerly sought at all mar
kets, large contracts placed at % per cent
above the bottom point recently quoted.
Spot cotton has not advanced as expected
on the approaching frost. British exports
of yarns and cloth in October show a loss,
making the total for the year very heavy
Russian ports send out wheat freely. and
even in Argentina the outlook for the crop
is less discOuraging. although the quality
in some districts will be inferior
Speculative selling here for foreign ac-
count meets every advance and exports
are behind last years. Speculation in
hides appears out of proportion to the
business in boots AMI shoes. Prices at
Chicago have advanced for some months.
with scarcely any reaction. and leather
has only partially responded. with boots
and shoes averaging the same price as two
months ago. when the bottom was rachel
after a long season of declining values.
Wool is more active at Boston than at
any previous time this year. but specula-
ton is reappearing. Prices are steady and
holders are confident, although heavy
stocks are available