New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1902-11-15
CONDITIONS OF TRADE.
..Dun,s Review" SAYS.


Lower prices for railway stocks than at any time
since last March DO not necessarily indicate loss OF
cOincident with the collapse of the stock market
there numerous evidences that manufacturing
cilities TO meet demands. although plants and
equipment now Of greater efficiency than at any
previous time. Distribution Of merchandise is fully
holiday trade ana freouent Complaints Of tardy
deliveries testify to the heavy consumption Pros
poets for continued activity bright because of
unprecedented harYests. prosperity in the agri-
other products. Threatened labor controversies
have been aVerteo, IN some cases wages being ad-
vanced, while number Of increases were volun-
vance, the first week Of November showing rise
of IS per cent over 1901 and l52 per cent over 1890.
cent over earnings in the same month four years
ago. Bank exchanges for the week IT New-York
per cent larger than in 1899 while other leading
Slues ineIe were gains OF % ana 10. per cent
respectively: High temperature retards retail trade
in seasonable goods
Production Of pig iron during Octot er was 1907
s7s TONS according TO The Iron Age a consid-
cradle increase over TIE preceding month. and
much more than was indicated by the scarcity Of
coke on November l. however. the weekly ca
pacity OF furnaces in blast had fallen $50 tons
against Si5 ,Ois October J. almost restoring the
low figures Of September !, and il is certain that
further decrease in active furnace capacity A few
anthracite furnaces have resumed, but a greater
ther curtaiment Of furnace stocks took the supply
down to a very low point Aside from the ex-
has been no evidenc" Of weakness, and all the re-
new plants, rather than diminished business Many
purchasers delaying orders. however I'm the
hope that the market viii lower in other de-
partments. but there is abnormal support in the
light movement Of coke Rail mills fully
booked up 10 next September. and a Canadian
road placed large order in Germany. while struct-
nral Shapes are IN great request, especially for
bridges Another remarkable report has been
issued by the United States Steel CORPORATION
orders untitled amounting to about five million tons
''Bradstreet's" says:
Trade. industry and Transportation continue ar
tive. despite draw backs caused warm weather
scarcity OF rnel and car and motive power short
sunptlon OF heavy winter goods from retailers
hands, whatever complaint there is heard regard
Ing collections being attributed to this cause
ACTIVITY with 1ObberS has, owing TO he advanced
stage or the season been transferred from regular
staple lines 10 holiday goods. These latter are in
exceptionally active demand. the outlook being that
De realized More than usual activity is however
noted IN spring goods, which being ordered
.nOiS 5Hieey man n average years. This is taken
70 indicate widespread confidence in prosperous
conditions next year Little no IMPROVEMENT is
noted IN the fuel situation. which particularly af-
ieclS iron and steel manufa MAJ of
orders now on their books. From ali over the
country come complaints Of congestion Of railroad
crops TO the East and of merchandise 10 tbe
west Gross railway earnings naturally show in
cfeases over year ago. those for the full month
or 0ctoDer indicating gain o over so nor cerr on
this month year ago which was a record hrealrer
IN tms respect Speculative dulness is mainly re-
SpOnsible for cearings shovsus, Isr
over last week and for the slight decressa Tota6
from a year ago. The disposition on the nart ~
the railroads 10 recognize the Justice of The re-
9uesoS i uor nisnse wages has become marked
especially slsHlncant IN this respect being she
wholesale advance In wages granted nv ~ 91a,
sylVania Railroad Company This action Is r,roba
bly, Significant OF the general movement IN tbIs
direction, which will ultimately sffect T,rt III al
hundred thousand AS factor No -:
Industrial peace, this tendency is notable ''