The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1901-09-27
CHECKED BY GRIEF.
Sad Events of the Past Week and
Their Effect Upon Trade in
All Sections.

New York, Sept PR. G. Dun G. Co.'S
weekly review of trade says: Universal
sorrow placed a calming hand on the rush
and turmoil of the market-place. Every
thing that could be conveniently postponed
was put aside out of respect for the man
whose life was devoted to developing the
wonderful activity in all branches OF trade
and industry. Exchanges suspended OPP
erations for two days, and the distribution
OF merchandise was in many cases limited
TO immediate requirements. Mercantile
payments continue prompt, but 1T was to
De expected that bank exchanges would
not show the customary heavy gains over
previous years. At leading cities outside
New York there was a gain of 8 per
cent. over 1900, and loss of seven per cent.
from 1899. Yet prices were stronger and
there were many indications of great lat
emit power that may be expected to appear
as normal conditions return.
AFTER two months of controversy at the
steel mills a settlement has been reached.
although the terms are not entirely salts
factory to the Amalgamated association,
and there is much complaint among the
men regarding the conduct of the strike.
Managers are confident that the outcome
means no further interruption to work for
long period, and there is hope of making
up Tor much of the delay by operating over
time. In preparing for an exceptionally
active year in 1902, some of the largest mills
a. " OOuDle their capacity
Corn has met with another setback
After passing through the vicissitudes of
neat and drought, which curtailed the crop
severely, Notwithstanding an unusually
large acreage, 1t was subjected to the other
extreme of temperature. How much in
jury was done by frost cannot yet be de-
termined, but it forced prices to an ex-
tremely high price Tuesday. 1t was not
possible to retain all the advance and
there was evidence of much manipulation
during the movement.
Failures for the week numbered 157 in
the United States, against 211 last year and
26 in Canada, against SO last year"
Bradstreet's says: Among the more IA
Vorable of the purely commercial or indus
trial features of the week have been the
continuance of the good demand from job
bers, the heavy shipments of goods with
which to fill these demands, the better call
for goods at retail, induced by the arrival
OF cool fall weather, and last, but not
least. the settlement of the steel strike,
which restores at least $4,000 men to their
work. The unfavorable features are few,
the most notable being the advices of the
arrival of heavy frosts in the corn belt, af-
1ecting, however, only the latest planted
product. The strength of corn has been
| indeed the feature of the cereal markets,
and has been shared in by other grains
The resumption of work in the hoop,
sheet, tin plate and tube mills has been
feature of the week. The loss in
wages to the men as a result of two months
| OF idleness is estimated at $10,O0 coo, and
| the gross earnings of the companies are
said to have been reduced SIS, OOO, 900. Much
| OF the latter loss WILL however be made up
| as there is an immense amount of business
| oHer1ng, guaranteeing activity for months
| to come"