The Montgomery advertiser., 1901-08-24
DUN'S TRADE REVIEW.
Business of We'll Sustained Volume
 Despite Drawbacks.

NEW YORK. Aug. 23-R G. Dun & Cos weekly review of trade tomorrow
 Though there are some drawbacks. notably. the labor troubles in the iron and steel industry. business is of well sus- talned volume to which fact payments through the country's clearing houses, railroad earnings and the strength of prices of staple and partly manufactured merchandise offer ample testimony.
 Except in certain branches of the textile markets sellers of merchandise have an advantage over buyers and distribution Is as large. as stocks will permit
 The Amalgamated Association succeed ed in enlisting the sympathy of other workmen with the result that the outnut of merchant bar and wire rods is curtailed to the extent of about 40 Oo8 tons monthly
 Beyond this defection wage earners In allied branches of the steel industry have refused to break their contracts Many idle mills resumed during the past week and even in the tin plate region there is a moderate output. Plates have begun to arrive from abroa6 and prices in the Lon don maFksts sha sly advanced. Hoop and sheet mills increawe production daily and there is no loss in the rail division, but of cotton ties as the picking season has begun in many States. Decreased con- sumption tends to weaken pig iron and tin Is similarly affected.
 Exceptional activity is still the rule at shoe shops and promises to continue for some months Old orders are being filled as rapidly as possible and shipments from factories show steady increase over last year of about 30 per cent. One of the most satisfactory signs is the evidence that little summer stocks will have to be carried over. Sole leather continues re- markedly strong union backs gaining an- other cent, while there Is a splendid de- mand for hemlock. both for domestic use and export. Betting butts advanced and kangaroo leather is much higher Hides are without change in price and selling freely. Slightly better terms asked for staple woolen and worsted goods in no way diminished the volume of sales and the light weight season promises to be one of activity. In heavy weights there Is also noticed greater interest on the part of buyers than is customary at this late date. These improved conditions of the manufacture give firm tone to raw wool despite the heavy arrivals at Eastern markets of the new clip. After a season of dullEess at Sc pound cotton suddenly developed considerable animation and isfactory weather in Texas, although there was also aid in the speculative market from covering of the large short interest outstanding. Liverpool quickly re- sponded to better prices here. There was further support in the failure of any agreement regarding wage reduction at Fall River as strike would assuredly have followed and consumption of the raw material been materially curtailed. Sales of print cloths have increased in the last few cays and prices rose, reliev- Ing the Sltuatlon,. put II may De found necessary to reduce the output by partial stoppage of wheels. E}
 Other lines of cotton have enjoyed more activity and occasional advances in quo tations are reported. Decided interest is shown in fall goods, the jobbing trade being well occupied. In lines exported to China there is fair movement
 Grain quotations eased off somewhat during the week, though the net decline was small. Corn IS still close to the high est price since 1892, even with a host of important influences initiating against such inflated figures. Weather conditions steadily improved, making the outlook bright for the late planted corn Foreign customers have been driven away by eX- orbitant prices to the benefit of Russia
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