The age-herald., 1901-02-02
DUN'S REVIEW.

New York; February 1.-R G. Dunn & Co.'S weekly review of trade tomorrow will say:
 Not one of the great industries finds any scarcity of orders for goods and business is done at prices which show slight tendency to rise, except in textiles, which have been affected by the reduction of 10 to O per cent in the seasons opening prices by the American Woolen Company, This cut Is expected to be indefinitely continued. De- velopments in the money market, however, indicate that the dry goods trade is prepar- ing for a season of activity and the new woolen prices are not lower than most Duy- CTS expected. There is nothing discourag- ing in the slight decline in commodity prices from January to February l and railroad earnings continue large, increasing Ill per cent. for three weeks of January over last year and 26.2 over 1S99. New York bank clearngs for the week gained 4S.3 per cent over 1900 and outside New York the gain is '10.S per cent.
 While steel mills have contracts on hand for their output from three to six months ahead prices actually rule firm Few actual advances are recorded, but there is expecta- ton of a higher figure soon for Bessemer pig iron, while rumors are numerous as to 0 rise in billets, plates and structural ma terials. All those lines show brisk de- mand Wire nails and barbed wire were ad- yanced $2 per ton owing to heavy orders from the west and 1t is expected that the few mills still idle will shortly resume. Activity in Texas oil fields had an influence on the sales of pipe and tanks.
 Boot and shoe shops receive more orders and although quotations are nominally un- changed many makers refuse new con tracts without small advance. Jobbers have arrived at Boston in great number ana inuuiries indicate that liberal sales will re- suit Leather sells freely, particularly of union seal, but the large transactions were at slight concessions.
 A sudden increase in sales of wool at the three chief eastern marks to 5, ,431 900 pounds against 2,S93 400 in the previous week, does not appear significant. After such an usually dull season some recovery was in order For five weeks sales were 18,6S7, 700 pounds, against 2S,579, ,930 in the same weeks of 1896, which was the smallest aggregate of fivefyears. These figures indicate pre- sent conditions in this industry. Even small operations were only accepted at further reduction in quotations, the average now being the lowest since June, 1899. Interior holders are stubbornly refusing to accept present prices. Heavy weight suitings were opened { he expected reduction and an- otr6r of the London auction sales is nd eyueelei to have any effect. Cotton
 vl,s nave not been regarded with alarm
 ipn srs since temporary corner can
 iU have ahy important effect in the com T. eiz} world Some mills sent their raw sia e ne aid of short sighted indl- vlIe1a v3r ad sold cotton they did not p 5ss ess .h gh local stocks were known tt be laHI l the manipulation of the Js iaIy aaror was rumored. For a few day 1idaira plands sold at 12 cent, sur pass 9z sH retords for many years, but with th, eado he January deal there was a sh q decie 10 I more rational position.
 lures iu he United States for the last wee at Ianuary number 23S. as against 2S1 in -geei, before 271 in the week a year ago, 10 ia 39e, 2S5 n 1898 and 3O5 In 1897.
 Fla lures for the week in Canada num- Der al compared with S4 last week. S1 in the week a year ago, 36 in 1899, AZ in 1898 eT5 5S in 1891.