The times. [volume] (Washington [D.C.]) 1897-1901, 1900-10-13
DuN's REVIEW OF TRADE.
Healthy Tone in Business and tn,
DistributfOn Of Trade.

! DistributfOn of Trade.
| NEW YORK, Oct. 12.-Dun's review to-
!, morrow will say:
| More seasonable weather had import
| ant influence throughout the country but
the coal strike continued as the restrain
ing factor in business As speculation
everywhere is on small scale, the effect
is minimized. Lower prices recently for
| some iron products have been without dis
turbing force, and the firmer market for
| print cloths and strong quotations for
lumber show that in some directions in
| the great industries small increase in
demand is capable of raising prices The
situation still promises a recovery when
politics and the strike are settled. Dis
tribution Of merchandise at the West il
still very active.
THE working force Is being increased
steadily. and in railroad and manufac-
turing circles in the Middle West scarcity
Of labor is causing uneasiness. Fear Of
tight money has made some men hesitate,
but higher rates result from the activity
Of the movement Of cotton at high prices
in the South. At this time the movement
Of gold from Europe has tended to relieve
the tension in New York and gold is still
coming from Australia. The Bank Of
England has advanced its price Of gold
|
prevent serious loss to this country with
out raising its discount rate.
Pig iron production has been further
reduced, according to the Iron Age On
October l the weekly capacity of furnaces
in blast was 223,1 1863 tons against 231, 17S
September 1. and .376 June 1. Stocks
at furnaces continue to accumulate gain
ing 1854 tons in September. crafty
ing feature is the evidence that supplies
in consumers hands are low. Quotations
Of iron products are steady.
Much disappointment was apparent
among cotton traders when the official
crop report appeared. When the state
ment indicated a point improvement in
Texas in September prices dropped
sharply. Wheat also declined without the
aid of a Government report. Domestic
conditions are generally satisfactory and
foreign crop news cheerful. Corn remains
steady in the face of the decline in con-
dition.
Shipments of boots and shoes from Bos-
ton at the rate Of SS,417 cases weekly
means the most active business since
April. and exceeds the heavy fOrwardinSs
of last year. Improvement is general,
with orders from all parts of the country
and frequent requests for immediate ship
ment Leather is sharing the increased
activity at the shops, and the average PR
of hides at Chicago advanced IA cent
Sales of wool at the three chief Eastern
markets increased. Prices were not affect
ed by lower figures at the London sale,
which had been discounted.
After touching 1-2. money on call
dropped back to per cent, though TO
1-2 was quoted for loans over election.
The banks would gladly see rates higher,
but are surprised to find funds offered
here at slightly over current rates for in
situations in the very sections which are
taking currency for crop movement. For
the first time in many weeks exports from
New York show decrease, although the
loss is only As per cent from last year.
Imports also made an unusual compare
eon. gaining SO per cent over 1899
Stocks are dull, but there is no effort
to increase speculation before election
Caution is seen on all sides.
Failures for the week were G23 in the
United States against 16i last year. and
80 in Canada against 81 last year