Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1900-02-20
TIDE OF TRADE
It Swells Larger Than Ever in
Point Of Payments.
RECORD FOR THE SEASON
Late Transactions no Not Give Assur.
ance That IL Will Continue at
the Same Rate. but War.
kets Are Strong.

0nce That At Will Continue at
the Same Rate. but War.
kets Are Strong.
New York, Feb. 17.-"Business, says
r. G. Dun's Weekly Review of Trade,
continues larger than ever at this
season in amount of payments, and on
the whole as large as ever in retail de-
Iveries, tho new transactions do not
yet give assurance that it will hold at
the same rate. Conditions affecting
new orders and contracts have changed
in some respects most fayorably, while
other changes tend to restrict opera
#9tions for time, but conservative
Judgment of the conflicting tendencies
appears to warrant strong hope The
Review adds:
Important branches of business are
hindered by labor troubles, of which
the building trade strike at Chicago
affects the greatest number of cons
tracts for industrial products, and the
labor and wages of the greatest num-
Der OF men. Circumstances do not vet
promise its speedy ending, and in some
other branches Of industry prosperity
and advancing prices seem to have rer4
dered controversies more frequent. But
in other branches declining prices, or
such decrease of orders as may lead to
stoppage of,works, have an opposite
tendency. ss
vvyu. =, -
{ The rise in cotton to szs cents has
caused such increase in receipts and in
| purchases for: export that reation
would ordinarily follow. Goods have
been further advanced and it does not
appear that the demand for them has
been strengthened, Between positive
assertions that stocks in the country
Ehave been exhausted, or in few days
Twill be, and equally positive assertions
that heavy receipts will continue, buy
ldeaIers naturally heaftafsss s Hfe riis
Fin wheat also brings out larger west
Fern receipts, in5styva weeks 5 ,444, 2292
bushels, against; g, g36, 1876 rasteyear, hut
Atlantic EXPORTS ursincl lisled, in the
same weeks have been only 3,645, 40S
bushels, against 81 90 ,407 last year. The
price closed half cent higher for the
sweek. Corn exports of 6,24t,OOO bush
lsels, against 4,sO7,215 for the same
weeks last year seem to justify the rise
tof / cent as western receipts fall be-
low last years, in two weeks, II ,O35,
bora bushels, againsts2 l ,05s, 979 last year.
II The suit of Mr.. Prick against the
ECarnegie company to obtain an ac-
counting and settlement discloses. enog-
Emous profits made when prices of steel
Eproducts doubled last year, but when
i:peace was kept by the gigantic iron
land steel combinations. That results
of great Importance may spring from
la contest affecting the control of so
many iron works is evident. The new
sheet company has united ownership
Eof 100 mills, it is said. but four widely
Eknown concerns controlling sixty-fiYe
mills refused to4join. SO
Swelling the Iron supply.
/ Prices of pig have not changed, tho
considerable sales, including some for
fexport, are reported, but the excess of
lsupply over demand which appeared
tin January is increased by the starting
|of new furnace with a capacity OF
1000 tons daily. A sale is reported Of
100000 pounds Calumet and Heckla
Hopper to consumers of the Naugatuck
VALLEY at 16 cents. q
Heavy sales of sole leather at Bos-
Iton, exceeding 100000 sides, at reduc-
Ition of half a cent in price, with unus-
[ually large sales of hides at Chicago,
lalso at lower prices, indicate that the
ldealers and consumers who have look
led for cheaper boots and shoes may be
satisfied. Heavy imports of hides al
New York have some influence, and
l,are part due to the famine iii India
4 Shipments of shoes since Feb. i have
been $4,000 cases, or nearlv,20 per cent
Ilarger than in. the two weeks of any
Iother year, but many of the works are
nearly out of orders.
Wool sales at three eastern markets
have been only 1924 ,456 pounds il
1.-TWO weeks, against IL ,633,6O0 last year
1 The interior still believes in a further
advance, but buying of wool on sheep.
backs has stopped, and the, manufac
lturer has made it clear that the mills
fhold large stocks to fill recent orders
cancellations become so numerous as
4 to cause some uneasiness, but as We
;only help mills which have taken more
orders than they can fill.
4 Failures for two weeks have beel
,357,170; manufacturing, $2,3S6,2S3
and trading, $2,569.600. Failures fel
the week have been 21s in the Unitet
States, against IT'S last year. and forty
!, two in Canada, against eighteen las
. year.
Weekly Bank Statement.
i New York, Feb. 17..(By Associated
Press The bank statement follows
Surplus reserve, decrease, $3,SS1 900
loans, increase, $13.6S4,2 200; deposits,in
crease, S6,231 200. The banks now hol,
$24 ,O15,675 in excess of legal require
ments.
] HOMECOMING wOMAN's SUFFRAGE