The sun., 1901-08-24
THE STATE or TRADE.
Comment by Dan's Review on the
Business Of the Week..
foTToN MARKET STRONGER.
1rain Quotations Ease on, but Corn
ls sttHl Reported Close to the
Highest Price Recorded
-E In Nine Years.
New York, Aug. 2s.-R. O. Dun s.

New York, Aug. 2S.-H. u. Dun "
Co.'S weekly review Of trade says;
Though there are some drawbacks,
notably the labor troubles In the iron
and steel industry, business is Of well
Sustained volume, to which fact pay
ments through the country's clearing
houses, railroad earnings and the
strength Of prices Of staple and partly
manufactured merchandise offer ample
Testimony. Bank clearings at New
York for the week increase 42.8 per
{cent over the same week of last year
&and 80 per cent over 1899, while Mt
Heading cities outside New York the
gain is 23.6 per cent over 1900 and 25.1
per cent over 1899. Railroad earnings
Increase for August thus far 11.4 per
cent over 1900 and 22.8 per cent over
1890. Except In certain branches of
the textile markets, sellers of merchan-
/, disc have an advantage over buyers,
and distribution Is as large as stocks
+ will permit.
n The Amalgamated Association Of
Iron, Steel and Tin Plate Workers sue
ceeded In enlisting the sympathy Of
other workmen, with the result that
the output of merchant bar and wire
rods is curtailed to the extent of about
S 10000 tons monthly. Many idle mills
resumed during the past week, and
even in the tin plate region there is a
moderate output. Plates have begun
to arrive from abroad, and prices in
The London market sharply advanced
Hoop and sheet mills increase pr0duc
tion daily, and there Is no loss in the
rail division, but some anxiety Is felt
Regarding supplies of cotton ties, as thu
picking season has begun in man,
states. Decreased consumption tends
to weaken pig iron, and tin is similarl,
Effected
M Cotton Develops Strength.
After season of dullness Mt s cents
& pound, cotton suddenly developed
considerable animation and strength
The chief influence was unsatisfactor,
weather in Texas, although there wa
also aid in the speculative market from
covering of the large short interest out
standing. Liverpool quickly Responded
to better prices here. There was fur
ther support in the failure of any agree
ment regarding wage reduction at Fa
River, as n strike would assuredly hay
Followed and consumption OF tn
raw material been materially curtailet
Sales OF print cloths have increased !
the last few days and prices rose, r.
lieving the situation, but 1t may b
found necessary to reduce the outpr
by partial stopping of wheels.
Grain quotations eased off somewha
during the week, though the net d'
cline was small. Corn is still close
the highest price since 1892, even wit
host of important influences mil
tating against such inflated figure
Weather conditions steadily improv
making the outlook bright for la
planted corn. Cheap and abundal
wheat is frequently substituted, al
4 the crops of other fodder are exec
tionally heavy. Foreign custome
have been driven away by exorbita
prices to the benefit of Russia and A
gentina, and Atlantic exports for thr
weeks aggregated only 1,S62, $50 bus
els against 7,636,54S last year and 1
720,O27 two years ago. Meanwhile
terror receipts steadily exceed those
a year ago, indicating that farme
have large stocks carried over fre
previous excessive yields. Neyertl
less, prices remain above 90 cents.
Failures for the week numbered 2
In the United States against Ill Ii
year and 30 in Canada against 20 IL
u<nrs