The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-02-09
DUN,s REVIEW OF TRADE.
Declines in Prices Of Staple Products
With Little Pressure 10 sell


NEW YORK. Feb Sums review to-
day says.
More seasonal bic weather N the East
has brought up the volume OF business in
retail lines a little this week. and at the
West and South distribution OF merchan-
disc IS OF q satisfactory scale. Prices Of
staple products show out moderate de
cline and quotations of manufactured
goods are steady in all directions.
Pressure 10 sell is everywhere cOnspiC-
uously absent JObbers report orders fer
spring goods. particularly for the Western
trade. and the only complaint still comes
from the WOODEN goods market in the
East, which has not yet felt the expected
stimulus In this line. however. prices do
not decline and agents expect better con
dItious- Comparative returns TO date OF
railroad earnings in January show an in
crease over last year of S. per cent and
a gain over 1899 OF 284 per cent The
heavier gains are reported from the
Southwest and are believed TO reflect ex-
panding wholesale trade IN dry goods and
groceries
Bank eIsarings at New York for the
week gained @JI per cent over 1900 and
$50 Der cent over 1893. while at leading
cities outside New York there Is a gain
OF IS per cent over last year and IS per
cent over 1893
Large operations in the stocks of lead
ing steel companies do not affect the vo--
ume Of business or the prices Of their
/ products as yet, and probably viii have
/ no material influence in the future Quo
! tations viii depend on the relation Of sup
ply 10 demand which at present gives an
! undertOne of great strength
/ Activity continues in footwear iobbers
! placing large contracts at weII-sustaIned
prices No alterations are reported II
quotations but there IS some evidence oi
slight reduction in quality purchasers re-
! fusing 10 advance theJ figures and ac-
/ cepIing somewhat lower grades instead
! This appears 10 be- practically equivalent
/ TO q rise IN prices
| Textile Industries dc not revive APP
/ probably. even the lower temperature
: failing 10 iRtuse life into yooIens aside
/ from better retail dealings. ManufactU
J ers make small purchases OF raw material
I showing preference for cheaper grades
! and even then Insisting on small conces-
! siGus. London auction operations became
! less satisfactory as the sale progressed
! Cotton goods are uniformly dull, win
! some labor controversies added 10 the
| other troubles At the mills. Another re
/ ductioD in the average price of raw sill
/ makes d loss Of nearly 50 per pound since
/ January 1900
spot cotton lost another eighth OF
3
! the decline $3.50 bale within a week
! After such d severe reaction 10 the loves
/ point since early December il was no
/ surprising that prices should steady. Fig
/ ures Of supply have been some what con
/ fUsiug- last week there was an increase
! vhIle in the week preceding a loss oc
| CURED. This week however. port receipts
/ show p heavy loss compared with 1860
/ Planters are stiH holding back part 0
their crop at some points. and active prep
commenced by blowing in Texas
/ Wheat fell below 80 cents. ample snow
! aRording the desired protection in white
/ wheat States. while the chief support wa
a better enquiry on foreign account. in
/ Guiding moderate purchases for Spain
Stock speculation again increased heavil.
| IL volume and at the end Of the weeI
! closely approached the January record.
after showing some hesitation for
| time the stock market recovered tone rap
idly and prices forged ahead under the in
/ iuence Of the ..rchase Of the controlling
/ interest in Southern Pacific Company b.
Union Pacific and reports that arrange
| meuts are being perfected by prOminen
banking houses 10 effect a community 0
interest. If not an actual consolidation, O
some Of the large steel companies.
Foreign commerce at this port for tn
last week showed a decrease in imports 0
81 ggS. 1853 from the movement year ago
| the principal loss occurring in dry goods
Exports we're little changed.
! Failures for the week were $50 in tn
United States, against 245 last year. an
50 in Canada. against SO last year"