The Montgomery advertiser., 1901-10-19
DUN's TRADE REVIEW.
Unfavorable Signs Rare in the Busi-
 ness Outlook

NEW YORK, Oct, l8-R. G. Dun & Co. g weekly review of trade tomorrow will say:
 Untayorable signs in the business outlook, Manufacturing industries enJoy eN-
 ceptlonal activity and most jobbers and re- weather is the one influence that may be
 charged with retarding retail merchants dis tribution yet there is general confidence that any sales thus postponed will b. made up later. The stme influence Is invaluable in ia cilitating the handling of crops, erecting build fngs and other outdoor work. Although a fifth of the year is still to be heard from, including
 the usual interruption of elections and possi-
 ble disturbance in legislation there is am
 pie evidence that the volume of legitimate
 business will largely exceed all previous rec
 ords Speculation Is comparatively quiet. both
 in securities and options leading products
 which emphasizes the activity in trade chan
 nels as shown by bank exchanges for the week
 at New York, 35 per cent. larger than last
 year and 94 above 1899, while at other
 leading cities the gains were l6.3 and g.
 Strength without inaation still summarizes
 the iron and steel situation. Despite two
 accumulatcs that the year will surpass all rec
 ords in production of finished material and
 consequently in consumption of ore and pig
 iron. Orders already booked for delivery far
 into 9o2 promise that the next year will
 bring still higher records, and the steadtncss
 of prices makes the outlook especially favor
 able. Mills as a rule have practically closed
 this year and future developments can only
 Heavy orders recorded for rails with a
 free movement of structural material. while
 
 titles. Pig ion is hardening under the rigor-
 us demand. forge and southern foun Try se-
 curing definite advances and Bvssemer in
 Pittsburg is firm s 6. Tin plates are almost
 restored to normal prices. Some domestic mills
 have resumed and imports ceased the London
 market has declined sharply Copper rose in
 the face of reports that large reduction in
 list price was contemplated by leading pro-
 ,iucers to reduce stocks Footwear factories
 etil have many weeks full employment on
 heavy weight goods for winter Supplementary
 orders fol seasonable lines still arrive from sNtern iohbers Prices are not quotably higher though the rapid rise of leather and hides have taken so much of the profit that shoes must soon deteriorate in quality it better quotations aer not forthcoming. Leather has begun tc exhibit symptoms of speculation but buying by the leading manufacturer for actual con sumption also reaches large total
 Options moved freely with prices well 5us- | tained for all lines and definite advances in 1 bleached goods. Woolen goods more quiet | vet shipments of over 5, 1000 900 pounds Oi wool weekly from Boston indicate no decrease | in activity at the mills.
 | Fluctuations in cereals were small with mar l kets dull and featureless. Corn receded a lit | tie further influenced unfaVorably by the insig | nifcant shipments from Atlantic ports. only | 5OI,555 bushels for the week compared witt l 2 79o S97 last year and 4,747,259 in 1899. | Wheat lost a little of the early gain. al 1 difference smaller than has been at any time | this crop year. Foreign buying of flour is stil l unsatisfactory. but the outgo of wheat i, | heavy; for the week United States exports | flour included. amounting to 1, 3o ,o53 bush | els compared with 3 646.76 last year anc l 4 4255766 two years ago | Western receipts of o,9O3 6i4 nushel | against 7.426.65 last week and 7.l26,4l9 | year ago indicate that the new crop is hoin; marketed less freely, growers holding back 1T