The Washington times., 1901-08-10
DUN'S REVIEW OF TRADE.
Slight General Hesitation Due to the
Labor Troubles.

| NEW YORK, Aug. 9.-R. G. Dun's re-
| view of trade tomorrow will say:
| There is no complaint from any part
| of the country over the volume of cur
rent distribution of merchandise. and
| what hesitation Is observed in general
| trade is chiefly due to the uncertainty
| to the duration of the labor troubles
| In the steel manufacture. Collections con-
| tinue good: better weather has helped
| the agricultural classes. money is easy,
and stocks of merchandise carried are not
above the average for this season of the
year, particularly in the West and South
| west. Railroad earnings are remark
able Illustration of the activity of gen.
eral busiress, gaining 1872 per cent in July
over 1900, and 25.2 per cent over 1893. Bank
clearings at New York for the past week
gained 75.S per cent over 1900 and 34.7 per
cent over 1889. and at leading cities out
side New York gained $50 per cent over
1900 and 226 per cent over 1899
Relief is felt in all departments of the
iron and steel Industries, now that the
uncertainty Is ended and the position of
the contestants made clear. Any com
promise or temporary agreement would
have left matters in bad shape through
the inevitable uneasiness regarding the
future. Now the issue must be deter
mined permanently, and settled condi-
ton Will greatly facilitate operations.
Some idle mills resumed almost immedi-
atcly, and IL is reported that others will
be working next week. Structural, wire,
and plate mills are not affected, and the
production OF rails will not be materially
curtailed. Supplies of bars and tubes will
be restricted, and quotations in these lines
tend to follow the advance already Sc
cured for sheets and hoops.
Having no further ammunition in heat
and drought reports for hosting prices.
spectators have turned suddenly to the
other extreme and demonstrate that early
frosts threaten all late-planted corn. The
result has been spot quotation at this
city of more than 60 cents all the week
and the practical elimination of exporters
from domestic markets. A healthy de-
mand from domestic millers and phenom-
email Atlantic exports give strength to
prices of wheat. As the season advances
it becomes more apparent that foreign
crop losses will necessitate unprecedented
shipments from the United States, and
with the settlement of the strike the
Pacific Coast there will be a movement
of great magnitude.
Eastern shoe manufacturers find con-
ditions favorable as last week. while
reports from the West are more encour-
aging. Orders from the drought-affected
regions are no longer countermanded and
earlier cancellations are being restored.
Leather Is steady and no alteration in
prices is anticipated. A further decline
in hides brought out large orders. and
the local market steadied, though
slaughter hides at Chicago are still ir-
regular.
Prospects continue to improve in the
market for wcolen goods, and as the
manufacture enjoys greater activity
prices for raw material are hardening.
Little change is seen in actual sales but
there is growing disposition TO hold
for the better terms that many In the
trade consider inevitable Cotton goods
quiet and weak
with the dissolution of the Fall River
Committee there is support for print
cloths nor concerted arrangement regard
in Tnn1 lone
favor reduction OF wages, which might
cause strike and entire suspension of
work
THE feature of the financial situation
has been the further advance in the for
eign exchange market. an unusual oc-
currence at this time of the year.
Failures for the week We're 173 in the
United States, against Ia last year, and
81 in Canada, against 26 last year"