The times. [volume] (Washington [D.C.]) 1897-1901, 1901-01-26
DUN's REVIEW OF TRADE.
Heavy Business in Manufactured
Goods at steady Prices.

NEW YORK, Jan. 25.-Dun tomorrow
will say:
Rarely has there been more business
in staples and in manufactured goods at
practically unchanged prices than during
the period since November /. This week
seems to have marked the climax of
enormous dealings at figures which have
become familiar.
THE heavy trade in pig iron at better
prices. the larger distribution OF dry
goods at frmer range of quotations. and
the rush to secure prompt delivery of
boots and SHOES, all indicate that business
may have escaped one of those weary re-
adjus tments OF prices which have often
proved so trying in recent years. Jobbing
trade in the interior is good, and collec-
tions continue excellent.
Bank cleariugs at New York gain 521
per cent over 1900 and 1.3 per cent over
1899 for the week, while at leading cities
outside New York there is a gain of 80
per cent over 1900 and 3.4 per cent over
1893. Railroad earnings thus far re-
ported for January show a gain of ia
per cent over last year and 2i.6 per cent
over 1899.
After a week of quiet conditions, part
ly due to uncertainty regarding competi-
tion among leading interests, the iron and
steel industry has taken another long
stride forward. The feature was enorm-
Gus buying of pig iron at an advance to
s1325 at Pittsburg. Further improvement
Is seen in footwear, and manufacturers
are receiving ample orders. Some shops
have contracts that ensure active opera
tons until May and nearly all have orders
ahead for more than a month. Prices are
unchanged, except that in the exceptional
cases where small advances were report
ed last week. there has probably been
return to old figures.
1T is difficult to find encouraging fea-
lures in the wool situation. Sales for the
week at the three chief Eastern cities
were million pounds smaller than in the
preceding week. and in four weeks the
aggregate is only 1926, 200 pounds,
against q, 5O4, 70O last year.
Staple products have moved within
narrow limits. little attention being given
to widely varying estimates from Argen-
tina or reports of damage in the North
west through insufficient snow. Despite
the advance in prices over those prevail
ing a year ago, exports Of wheat. includ-
ing -four. from Atlantic ports for the week
were 2,56SS1S bushels. against I.65i.149
last year. and of corn 3,i72,614 bushels.
against 6.097. COZ in 1900. Cotton main
tanned the advance above 10 cents, but
and final returns Of British exports of
yarn in 1900 proved to be 30 per cent
smaller than in 1899, while of cloth the
reduction amounted to 400. COO, 900 yards.
THE return flow of money from the
country is still the feature of the financial
situa ton. and banks here receive advices
daily of large amounts lying idle with
Western correspondents. Stocks were less
active and ruInoTs atoa: the relations of
leading steel companies were chiefly re-
spOnsible for reactionary tendency The
death of the Queen exerted but temporary
influence. Exchange moved in irregular
fashion.
Foreign trade at New York, for three
weeks of January. was less satisfactory.
Exports for the last two weeks were
heavy, but compared with a liberal move
ment last year and for the month, the loss
is S3.C15. T55. On The other hand. imports
show an increase of So. 254. SS2.
Failures for the week were 800 in the
United States against 231 last year, and 46
in Canada against IS last year.