The Savannah morning news. (Savannah, Ga.) 1900-current, 1901-11-23
CAUSE FOR THANKSGIVING,
DUN q co. REVIEW THE TRADE
SITUATION.

Country Never Before Knew Such
PrOsperity-MilIs and Factories
Are Working Every wheel and
Railroads Are Unable to Handle
Remains Dull Due to NeilI's DAM
aging Estimate, Though Every In
dication Promises Heavy Demand
for Cotton Goods.
New York. Nov. 22-R. G. Dun &
Co.'S Weekly Review of Trade to-
morrow will say:
Never before in the history of the
United States was there such great
reason for a day of national thanks
giving. This country has made UNI
precedented strides toward d position
Of International supremacy. not only
in commerce, but also in finance. To
marked degree business enterprises
have proved successful. An idle wheel
in mills or factories is the exception,
while labor is so well employed at
high wages that consumptive demands
sustain market values of all staple
commodities. Transporting facilities
have been unable to keep pace with
the nations requirements, many com
planning Of tardy deliveries which
alone act as brake on commercial
progress. By closing lake navigation.
lower temperature will relieve the
railway situation, thousands of cars
being restored to inland traffic. This
same factor of seasonable weather
stimulates retail dealings, and prompt
collections swell bank exchanges
Careful search discloses few unfav-
orable factors in the iron and steel sit
uation. Probably the less satisfactory
conditions are found at plate mills.
which report an uneven distribution of
orders. In rails there is no apparent
limit to orders placed, though some
mills are unable to guarantee delivery
within a year. After six months of
more or less interruption all machine
shops and kindred plants at San Fran
cisco have fully resumed, and it is GER
tain that the greatest force on record
is now engaged in the various depart
ments of iron and steel making. Raw
material at the South has advanced,
but at central points pig iron is steady,
though rapidly absorbed.
Cotton relapsed into dullness, with
barely steady quotations, in marked
contrast to the exceptional activity and
strength of the same week in 1900,
when prices were SLIPS bale higher.
Foreign markets are held down by Mr..
Neill's large estimate of the domestic
crop, which is not likely to prove as
near the fact as his excessively low
prediction last year. Losses have been
undoubtedly severe, while prosperity in
all other regions must bring a vigorous
demand for goods which is already per-
ceptible in the, activity in spinners.
British exports of cotton goods are
much larger than they were a year
ago. and domestic shipments to China
have also increased of late. Return
of Fall River prices for prints to a
normal position promises activity. es-
pecially with the wage scale also set
tied. These influences are all most fav-
orable for the raw material.
Strength is the rule In the market
for farm products. Favorable wealth
err during the closing days Of corn har-
vesting failed TO bring any reaction
from the highest price level in many
years.
Wheat holds at about &C. above last
years price, despite the marked differ
ence IN size OF crops.
Failures for the week numbered 2is
In the United States. against 2Ss last
year, and 81 in Canada, against 20.