The age-herald., 1901-09-21
SORROW CALMED
 RUSH OF MARKETS Weekly Trade Reviews by Dun
 and BradStreet GOOD PROSPECT FOR STEEL Since Strike IS Settled Full Production Is Expected and Fictitious Prices
 Will Disappear-corn Crop
 Receives a Setback.
GOOD PROSPECT FOR STEEL

New York. September 9O.-R. c. Dun & Co.'S weekly review of trade tomorrow will say:
 Universal sorrow placed calming hand on the rush and turmoil of the market places Everything that could be con- veniently postponed was put aside out of respect for the man whose life was devoted to developing the wonderful ac- tivity in all branches of trade and indus try.
 Exchanges suspended operations for two days, and the distribution of mer- chandise was in many cases limited lo immediate requirements Mercantile pay ments continue prompt, but it was to be expected that bank exchanges would not show the customary heavy gains over previous years. At leading cities outside of New York there was a gain of per cent over 1900 and loss of per cent from 1899 Yet prices were stronger and there were many indications of great power that may be expected to appear as normal conditions return.
 After two months of controversy at the steel mills, a settlement has been reached, although the terms are not en- tirey satisfactory to the Amalgamated Association, and there is much complaint among the men regarding the conduct of the strike.
 No Further Interruption.
 Managers are confident that the out come means no further interruption to work for a long period4 and there Is hope of making up for much of the de- lay by operating overtime. In preparing fxa some of the largest mills are to double their capacity. Fictitious prices disap- pear with the prospect of full produc- ton. but it will be some time before im- mediate deliveries are made at list f1g- ures. Meanwhile the pig iron market revives at the assurance of heavy con sumption and Southern furnaces are al- ready asking higher quotations.
 Forwardlngs of fall footwear to the west and south have about ceased with the advancing season, but producers are still busily engaged turning out goods for jonaers at eastern .itiEs. Qu5th- tions for shoes are unchanged, though there Is 6 general advance of 21a to DC on boots. Abundance or work In pros- pec1 has made operators more anxious to secure material, and the leather mar kat averages about half a cent higher.
 In dry goods the feature of the week was the phenomenal movement of mourn ing goods, which advanced in price as the available supply was reduced. Mills hav- ing stocks of crepe and bunting were able to dispose of everything on hand and large shipments went west. Of standard staples, the supply in first hands Is light and supplementary orders arrived freely. Export buying Of brown goods Is not very heavy, and domestic orders only fair, but prices are firm and holders offer no concessions. Print cloths are steady at the recent advance to cents. aud T strong undercurrent, and tone throughout all lines of cottons promises well for the future. Some strength was given the raw material by fears of frost and reports of heavy rains. Woolen goods remain firm, but the wool market is hardened by the advances at the London auction sale.
 Corn Has Setback.
 Corn has met with another setback After passing through the vicissitudes of heat and drouth, which curtailed the crop severely, notwithstanding an un- usually large acreage, it was subjected to the other extreme of teu<nSature, How much injury was dope y frost cannot yet be determined, but it forced prices extremely high Tuesday. It was not possible to retain all the advance and there was evidence of much manip- ulation during the movement. One re- suit or inflated quotations was a further reduction in exports From the Atlantic coast to 290.S0 bushels, against 15lS.S2O a year ago and 3,11S215 in 1899.
 Wheat is stronger with less specula- tive support and more actual cash de- mand.
 Shipments abroad continue heavy de- spite much interruption during the past week, amounting to 4.033 455, against 3,219211 bushels last year and 3242, 764 two years ago.
 Failures for the week numbered 157 in the United States, against 211 last year, and 2S in Canada, against 33 last year.