The Washington times., 1901-09-07
DUN's REVIEW OF TRADE.
The Weeks Volume of Business Re-
duced by the Holiday.

NEW YORK. Sept 6.-Duns weekly re-
view of trade tomorrow will say:
"A holiday reduced the volume of le-
| gitimate business, while speculative op-
| erations were seriously curtailed by the
general closing of exchanges from Friday
| afternoon to Tuesday morning In the
movement of merchandise and many
manufacturing lines there has been an
| effort to make up the loss by working
overtime but the weeks record will fall
I behind those preceding. Weather cordi-
tions have been most propitious, and the
total, number of Idle workmen is less than
it was a week ago. Another opportunity
i to settle the steel strike was rejected
and probably it will now be allowed to die
a natural death.
Payments through the principal clear
| ing houses outside New York were y. 5
| per cent larger than in the same week last
year. Railway earnings thus far report
/ ed for August were u.5 per cent larger
than in 1890 Duns index number, cover
! ing $50 quotations, with quantities repre-
sentfng the PEI capita consumption of
each, was advanced to $50. 9l1 on Septem-
ber !, Indicating that the cost of living
had reached the highest point of the year
The advance since August l is 16 per cent
with the greatest gain in breadstuffs and
metals.
Actual sales of many iron and steel
products are recorded at material adj
ened by vigorous demand. There is much
difficulty in naming representative quo
tations, as on rush orders fancy prem
iums are charged. on modera tely prompt
deliveries the advance is less sharp, while
contracts for distant dates are generally
taken at the figures prevailing before the
strike began. Business Is good in steel
rails.
Coates Bros average of 100 wool quo
tations rose slightly to l7.22 cents but
still appears very low compared with the
Level year ago. which was 1SS per cent
higher. Better enquiry from mills gives
encoura cement for the future and it is
thought that higher prices will be paid
at the London auction sale ten days
ket for cotton goods and placing of Gov
ernment contracts, the staple shows no
great strength.
Although unsettled in tone, little alter
alton occurred in the principal cereals.
Trading was restricted and there was
apparent Discrimination TO resume an ag-
gressive stand on either side of the mar
ket. Wheat was supported by exports
from the United states of 1851. .4S9 bushels,
against 2,5oS.SS6 in the same week last
year, and 3,40S.oS6 in 1889 on the other
hand, the movement is much lighter than
in recent preceding weeks. Corn is held
about ~ cents higher than the average
price OF the two previous years at this
date. Even If the yield is extensively re-
duced there Is little reason for phenome-
nal prices in Western receipts OF 3,53S. .953
bushels, against 2.9S7 .926 last year. or At
lantic exports of 69l. .356 bushels. compared
with 2,923. 0l9 in the same week of 1900 and
3.05l $50 in 1893
Money hardened perceptibly and with
the upward tendency of rates for both
call and time loans there was sufficient
liquidation in the stock market to offset
the many strengthening influences
imports of gold raised the total money
in circulation on September l to S2S1S per
capita, only 20 cents below the high-water
mark reached last February
Commercial failures during the month
of August We're 500 in number and 50 ass
S6i in amount of liabilities"