The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1901-08-24
DUN & CO.'S REVIEW.


NEW YORK, Aug. pr. G.. Dun & Co.'S
weekly review of trade tomorrow will say:
Though there are some drawbacks, nota-
bly, the labor troubles in the iron and steel
industry, business is of well-sustained vol
ume. TO which facts payments through the
country's clearing houses, railroad { rn-
ings and the strength of prices of staple
and partly manufactured merchandise offer
ample inn Except in certain
branches of the textile markets. sellers of
merchandise have an advantage over buy
ers and distribution is as large as stocks
will permit.
"The A~maIgamated Association of Iron,
Steel and Tin Plate Workers succeeded in
enIisting the sympathy of other workmen,
with the result that the output of merchant
bar and wire rods is curtailed to the extent
of about 10000 tons monthly. Beyond this
detection 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 abroad
and prices in the London market sharply
advanced. Hoop and sheet mills increase
production daily and there is no loss in the
rail division, but some anxiety is felt re-
garding supplies of cotton ties, as the pick
ing season has begun in many States. De-
creased consumption tends TO weaken pig
iron and tin is similarly affected.
Exceptional activity Is still the rule at
shoe shops and prices to continue for some
months. Old orders are being filled as rap
idly as possible and from fac
tories show a steady increase over last year
of about 80 per cent. One of the most salts
factory signs is the evidence that little
summer stocks will have To be carried over.
Sole leather continues remarkably strong.
union backs gaining another cent. while
there is a splendid demand 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
wooden and worsted goods I'm no way dimin-
ished the volume of sales. and the light-
tivity. In heavy weights there is also
noticed greater interest on the part of buy
ers than Is customary at this late date.
These improved conditions i'm the manu-
facture give a firm tone TO raw wool. de-
spite the heavy arrivals at Eastern markets
or the new clip.
After a season of dullness at sc a pound.
cotton suddenly developed considerable ami
nation and strength. The chief influence
was unsatisfactory weather in Texas. al
tive market from covering OF the large
short interest outstanding. Liverpool
quickly responded to better prices here.
There was further support in the failure
or an agreement regarding wage reduction
at Fall River. as a strike would assurcdly
have followed and OF the raw
material been materially curtailed. Sales
or print cloths have increased in the last
Few days and prices rose. relieving the stu
alton. but II may be found necessary TO
wheels. Other lines Of cottons have en-
joyed more activity. and occasional adj
vances I'm quotations are reported. Decided
interest is shown In fall goods. the job