Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1901-09-26
Checked BY GRIEF.
Their E2ect Upon Trade IN
All Sections.

New York. Sept. 8-R. q. DUN d Co .
weekly review OF trade says: .sUntversal
sorrow placed q 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 It was to
be expected that bank exchanges would
not snow the customary heavy gains over
previous years. At leading cities outside
New York there was q gain Of 8 per
cent. over 1900, and q loss Of seven per cent.
from 1850. Yet prices were stronger and
there were many indications of great lat
ent power that may be expected to appear
~ normal conditions return.
After two months Of 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.
Managers are confident that the outcome
long period. and there is hope of making
up for much Of the delay by operating over
time. In preparing for an exceptionally
active year In 1902, some of the largest mills
are to double 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 1t 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 2ll last year and
70 IN Canada. against 80 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 I'LL these demands, the better call
Tor 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 theil
work. The unfavorable features are few
the most notable being the advices of the
arrival OF heavy frosts in the corn belt. at.
tecting, however, only the latest planted
product. The strength of corn has beer
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 beer
feature of the week. The loss ir
wages to the men as a result of two months
OF idleness is estimated at $4,000, OOO anl
the gross earnings of the companies are
said to have been reduced SIS 900. Much
OF the latter loss WILL however, be made up
as there is an immense amount of business
onering. guaranteeing activity for month,
| to come"