The Washington times., 1901-08-31
DUN's REVIEW OF TRADE.
Orders for Fall Goods Exceed Those
of Former Years.

NEW YORK Aug. 30.-Dun'S weekly
review of trade tomorrow will say:
"a Igust opened with the commercial
sky overcast by storm clouds that threat
ened serious injury to the Steel industry,
while drought in the Southwest aroused
pessImistic declarations that business was
on the verge of a severe setback. Thous-
ands of idle strikers, together with pro-
fitless season In agricultural regions,
meant inactivity in manufacturing, trade,
and transportation, according to the
prophets of evil Instead of these calami-
tous conditions. however the month ends
with a horizon that is almost clear and
each day resumption of work at an idle
mills adds to the productive capacity,
while Cancelled orders for merchandise
from dealers in the drought section are
rapidly reinstated.
After many years of steadily increas-
ing prosperity, the farming population
can face moderate losses with equanimity.
Jobbers and manufacturers report that
orders for fall goods have exceeded any
previous year, with noticeable demand for
the better grades, and there is definite
measure of active trade in bank exchanges
at this city, "A per cent larger than In
the same week last year, and 20.5 per
cent above 1899 while at other leading
cities the increase Is 35.2 and 25 per cent,
respectively. Although scar city of freight
cars holds back large tonnage, railway
earnings thus far reported for August
show a gain of III per cent over last
year and 23.6 over 1899.
Quotations of steel products are still
nominal, owing to the difficulty expert
enced in securing prompt delivery.
1T is estimated that not more than
20 per cent OF the steel company's Ca
this proportion daily decreases. Pig iron
consumption has been curtalled, but
prices are fairly steady.
''Woolen mills are crowded with orders,
even the smaller concerns participating,
and the wool market is steady despite the
weakness abroad. Both raw rubber and
silk are strong, bearing witness to the
better conditions in these industries.
Even in cotton goods, which have
been the sloWest to respond to the vigor-
Gus tone of domestic trade, the past week
has brought distinct improvement. Pres
sure at Fall River being removed, the
print cloth market became strong. More
than one grade of cottons secured frac-
tional advances in prices and jobbers re-
port the outlook most encouraging. In
some cases the only drawback is the lack
of available supplies for immediate de-
livery.
are not surprising in view OF the general
tendency to increase estimates OF the
crop far beyond the quantity indicated
by official figures of condition. Another
weakening influence is the slight decline
of exports below the record-breakine
movement in the first two weeks of Au-
gust Shipments for the week. however
were still phenomenal, aggregating 6.5oI,
9g2 bushels compared with 2,sJi56 last
year. and 3,179,9l7 in 1899.
Corn is stubborrly firm, though At
lantic exports for the week were but iD7,-
i59 bushels against 2S61, l5S a year ago.
and l.07S. COS in 1899. while Western receipts
We're 3i3i, $50 bushels compared with o.
l23.Sl1 last year.
"A month ago the gloomiest views Of
Industrial conditions Were widely circu-
lated to depress the stock market and
proved remarkably successful for a time
As the outlook steadily frightened there
came a sharp reaction, and the market
closed on Friday for the triple holiday
with the general range of quotations
much higher than those prevailing when
the month opened.
Failures for the week numbered RI in
the United States against 10 last year
and q in Canada against l9 last year"