The Washington times., 1901-09-21
DUN's REVIEW OF TRADE.
The Heavy Demand for Footwear
Feature of the Week.

The Heavy Demand Tor Footwear .
Feature of the Week.
/. NEW YORK, Sept. 2O.-Dun's review
Of trade tomorrow will say:
Universal sorrow placed calming
hand on the rush and turmoil of the mar
ket place. Everything that could be con-
veniently postponed was put aside out
of respect for the man whose life was de-
voted to developing the wonderful ac-
tivity in all branches Of trade and in
dustry.
Mercantile payments continue prompt,
but it was to be expected that bank ex-
changes would not show the customary
heavy gains over previous years. Still.
at this city there was an increase of
47.3 per cent over last year and loss of
but ss per cent from the figures of 1899.
At leading cities outside New York there
was a gain of s per cent over 1900 and a
loss of from 1899. Yet prices were
stronger and there were many indications
of great latent power that may be ex-
pected to appear as normal conditions re-
turn.
After two months controversy at the
steel mills settlement has been reached.
although the terms are not entirely satis-
factory to the Amalgamated Association
and there Is much complaint among the
men regarding the conduct of the strike
The managers are confident that the out
come means no further interruption TO
work for a long period and there is hope
of making up for much of the delay by
operating overtime. Meanwhile, the pig
iron market revives at the assurance OF
heavy consumption and southern 1ur-
naces are already asking nlSher quotd-
tions.
..rorwardings of fall footwear to the
West and South have about ceased with
the advancing season, put producers are
still busly engaged turning out goods Tor
jobbers at Eastern cities. New England
manufacturers as a rule have large Or
ders for spring lines, but as these are not
wanted until January, cutting mas not
commenced Quotations for shoes are un-
changed, though there is-a general ad-
vance of 21k to cents on boots. Aound-
ance of work in prospect has made opera
tors more anxious to secure material. ana
the leather market averages about II cent
higher.
I'm drygoods the feature of the week
was the phenomenal movement OF mourn
ing goods. which advanced in price as the
available supply was reduced. or stand
ard staples the supply in hrst hands Is
light and supplementary orders arrive
freely Some strength was given the raw
material by fears Of frost and reports of
heavy rains Woolen goods remain firm.
but quiet, while the wool market is hard
ened by advances at the London auction
sale.
Corn has met with another setback.
After passing through the vicissitudes of
heat and drought. which curtail the crop
severely, notwithstanding an unusually
large acreage. 1t was subjected to the
other extreme of temperature How much
injury was done by frost cannot yet be
determined. but reports were sufficient
TO force prices to an exceptionally high
point on Tuesday.
Railway securities recovered much of
the recent decline, as the speculative COM
munity found that no alarm was shown
by iarf financial interests. During the
heavy Liquidation of the preceding week
a short interest of some magnitude devel-
oped and efforts to close these contracts
were a source of support