The Montgomery advertiser., 1901-11-30
DUN's TRADE REVIEW. Little to Be Desired in the Business
 Situation

New York, Nov. 2S.--R. G. Dunn ana Company's. weekly review of trade to-
 When consunptive demands equals or exceeds supply and prices are firmly held at an exceptionally high level, 1t is gen orally considered that there Is little 10 be desired in the business situation. These factors are now in evidence to an unus ial extent, yet many industries are halting. The principal disturbing element is the lack of cars to handle the phenom- enal shipments that are urgently ueeded. In the same connection there have ap- peared numerous labor controversies among switchmen,i freight handlers, riv- CT pilots, miners and other allied work men. which combine to make the prop lem one of tile most intricate. Although the movement of grain to interior cities Is at the rate of nearly three million bushels daily, the Westwerd tramc or merchandise Is so unprecedented as to necessitate the return of empty cars. Any loss of general trade due to the holiday was more than made up by the phenome- nal preparations of the preceding days, and the dealings in special lines.
 A general advance in the price of pig iron indicated that record breaking ac- tivity at furnaces failed to produce ac- emulation of supplies: Steel mills are pig for prompt delivery at Pittsburg Is not available below s1s.60. Large sales of forge and foundry iron are. reported at further acvanc;,. and Southern iron .n
  ing of railway supplies Is the most urgent feature. rails, cars, engines, structural material for bridges and shop equipments all being wanted much earlier than they can be delivered. Tn general lines the movement Is scarcely less active and at present the business in 1902 appears linn tied bv facilities. but 1t Is probable that producing capacity will be greatly en- larged. The feature among the minor metals was the sharp advance In tin to much the highest point of the Year, be- cause of delay d arrivals. In marked contrast to the rise in tin was a sharp decline in silver to the lowest price since
 early in 1898.
 She shops at the East are fully em-
 pioyed, while Western producers were never before so actively engaged. The toying entirely satisfactory business Is
 this immediate vicinity and local con cerns do not provide 2 large proportl 5n of the aggregate capacity: Jobbing trade perature and makers are i.nportuned 'or early shipments. Leather sells freely at full figures and dry hides are another fraction higher. but slaughter hides at
 ton goods for China has stimulated tho export movement and for the year thus far the value shows an increase over any preceding year. Asia and South America are the leading customers. Conditions are even more favorable at woolen mills. one concern refusing large order Tor delivery in February. Heavy weight
 goods are very active, with retailers and | jobbers
 Another high record for the season as established by corn. not alone because of speculation operations. although these
 were most aggressive at the West. Even at the recent level of prices. which sur passed all high points in about ten years, 1t has proved futile to undertake com mitments on the short side of the mar ket. Domestice requirements alone pro- vide the element of strength for outside buying Is only about lb per cent of the business in previous years. Atlantic ex- ports for the week were 51S.412 bushels against 3,570.696 last year. Receipts come forward slowly, despite the attractive prices for the week. amounting to only
 20Ss.79 bushels against S.3s6.S7 last year. Wheat also held firmly closing the week more than four cents above the price a
 year ago. which Is most satisfactory in view of the vast increase in yield. In crease at the interior are liberal, 6280. .44@ bushels against 3901, ,79S last year; but tn. gain in foreign buying Is still the fea ture. exports from all ports of the Uni ted States in five days aggregating 39i5.- S10 bushels. compared With 2.S3O.070 year ago.
 Failures for the week numbered 1S2 ir | the United States against 17s last year and 25 in Canada against 2 last year.