The true northerner., 1900-09-28
Wseklf laAn= REVIEW.
Coal strike the Only Tangible Check
tn business.


New York, September ar. G..
Dun G Co.'S weekly revie : OF trade
says: The strike in the anthracite
coal region, which has Involved about
10000 miners, and probably 10000
others, is the oveIHhad0wlng influence
in business. TIL S coal.ct disturbs
business aud interferes w.:h calcula-
toms o. merchants over a large part
OF the Atlantic seaboard, ard is really
the only tangible chCck 10 Cne general
recovery which set in with the larger
demand for iron and steel products.
Outside OF the anthracte industry en-
forced idleness OF hands is an excep-
ton, and even in the Pennsylvania
coal region Other employers would
gladly take Oh thousands more intelli-
gent miners. The DOschor sugar re-
fnery closes down Oh account OF the
scarcity OF raw sugar, Of which all re-
liners are estimated 10 hold only 10000
tons, but The Lorraine Steel Company
idle three months, is starting it's fur
races, with others to fellow. Hesita-
tion incident 70 the pres Dental cam
ra'gn is reelected IN bank clearings
which for New York show S8.S per cent
aud for other leading cities 7.8 per
cent loss from last year. Wheat ad-
yanced sharply TO 83c on Wednesday,
helped by gloomy reports from grow
irS districts and free purchases at
northwestern cities. Sensational gains
in price stopped foreign buying, which
lei 10 heavy liquidation and a reaction
almost as large as the previous move
Eent. Cotton has felt the loss OF con-
sumption. declining heavily both in
SPOT quotations and option trading.
Brighter crop news frcm Texas also
hes a depressing effect The cotton
goods market for few days continued
the strong movement OF last week, but
closed less excited though bare Of
goods at first hands. Heavy curtail-
ment OF production is still the rule.
Standard brown shestings again ad-
vauced lac with other goods following.
Last weeks Improvement in the boot
ard shoe market caused an Increase in
sh pments from Boston to "a ,939 cases,
against LAP the previous week. Fur
ther inquiries by jobbers have appear
ed and requests FOR prompt shipment
reHeCt the decrease in stocks. Orders
are confined TO fall aid winter goods,
spring business being backward. Shops
are more actively employed. Sales Of
wool at the three chief markets were
only 2,Sl7,00O lbs. against 13.443,S0O
year ago. Holders continue conf
dent, and dullness fails to cause lower
prices. Foreign conditions are unsatis-
factory. especially In France. but fair
prices are expected at the London sale
next month. In iron and steel pro-
ducts greater activity at former prices
was the rule. New contracts were for
moderate amounts, but a large order
for malieable Bessemer pig iron was
placed at Pittsburg Reduction In
stocks OF pigfl iron at southern points
makes the outlook more encouraging.
and Scotch concern Is only prevented
by high ocean freight rates from clos
Ing very large contract for billets.
The break In Scotch pig iron warrants
had an international significance. Pud-
dlcrs and bar rollers are still wait
ing their turn for wage settlement.
Orders for railroad equipment for Sep
tember are expected 10 include fully
5000 freight cars. A sharp break in
tin was sided by heavy shipments from
the straits. Lumber Il In 2 stronger
position. spruce selling at S3.75 per
thousand, an advance OF % per cent.
for the month. Fa!lrEes for the week
were 211 in the United States. against
154 last year, and SO in Canada.
against IS last year.