The evening times. [volume] (Washington, D.C.) 1895-1902, 1901-01-05
DUN's REVIEW OF TRADE.
Good business Indications for the
Opening Of the Year


NEW YORK, Jan 5--Dun's review to
days says:
In spite Of the Interruptions Of the
holidays and OF the unusually heavy an
nEaI settlements in all lines Of business.
the rev year opens with indications OF
further progress Il IS a relief N iron
and steel. IS we'll as 81 me Of the textile
markets. that tension mas not developed
with respect to labor. There is no lack
CT contra cts offered at steady prices IN
the couI ery's leading industr--. and il
some departments OF cotton goods there
. d better movement though spccUia-
tion has depress. / the price Of the raw
material
Otherwise a decline n wheat is the
oni- noteworthy movement in staples Il
Is explained by , reduction IN the -four
output at Minneapolis. some mills shut
ting GCwr- while the foreign demand at
Atlantic seabcard cities is not brisk The
ordinary measures OF business continue
10 make gratifying exhibits Railroad
earnings reported for the month Of De
cenGer indicate a gain Of 50 per cent
over 1893. and - per cent over 1898
Bank exchanges for the leading cities
outside of New York SHOW an increase Of
/ Io-i per cent over last year and a gain
Of 1S-2 per cent over 1893 while At New
u Il int F+-fFysiG4itl41 AEAfE uLuuul IA
terest settlements combined with large
speculation to make q gain OF 42-2 per
cent over 1860 and SS4 per cent over
ISqa-
Trouble which IS generally feared sell
dem materiaIizes. and the money market
over the turn Of the year was unexpsct-
CdIy easy. Ten per cent on call was once
quoted, but only nomertarijy. and the
rate averaged about , IL per cent for
/ the week. Demand for other classes Of
/ loans was notably small Bank reports
show that mer- lanjs al over the country
| are in strong financial position The
| banks gained in cash. both from Jhe
! Treasury and from the interior. and with
/ IN few days large sums disbursed for
| coupons VIII return to the regular chan
neIs- In the present state Of the money
! market il IS not d matter OF special con
| cern to the banks that exchange a2-
! breaches q point \ which the advance
| in the Bank Of England rate OF discount
/ may induce some exports Of gold
| No alteration has yet occurred in quo
/ taticns Of iron and steel products arr
| this industry is on such firm foundation
| that most large concerns have maintained
! wages Al the old scale instead Of making
! the reductions anticipated Iron ore
| prices are also unchanged. and no action
/ is nov expected until March. although a
! lower rate was looked for early in Jan
! uary-
! The market 5or textiles has been
| featGrelcss. as the holidays and stock
! taking reduced business TO limited Iii
! meusions. Wool has again declined,
making the average Of 100 quotations
| 1925 cents
/ Gotten goods have not the same din
| cultles 10 contend with bur an abnor-
| 1aIIy high price for raw material acts
| as d check on this Industry. Local job
! binE and retail trade Is brisk in boots
/ and shoes. and many manufacturers are
/ behind With orders yet uneven dlstribu-
/ zion Of business has left some shops
| ready 10 make concessions
! Commercial failures in 1900 were 10
! ~ in number and SlSS 49, .sI5 in amount
| against e"@I in 1899. with a total indeht-
! eaness Of $40. SI3 $50"