The evening times., 1902-10-11
STRIKE AND DEAR MONEY
NO CHECK ON BUSINESS
Increased Railway Traffic
and BountfuI Crops

NEW YORK, Oct. 1I.-'Dun's Review
says today of the business situation:
Favorable symptoms still predomiuate
and the business outlook is encouraging
despite the adverse factors Of labor con
trovercies, fuzl shortage and tight
money That these drawbacks have not
seriously checked industrial progress
testiies 10 the strong position attained
during recent months Of uninterrupted
activity and growing confidence.
Hallway earnings in September were
81 per cent larger than last year and
Zu-2 per cent in excess OF 1900. Bank
exchanges at New York for the week
were 2s.t per cent greater than a year
ago. and 47-2 per cent over those Of
lf52, while at other leading cities the
gains We're 13.5 and 18.8 per cent respec-
tivel-
Production Of pig iron on October /
was at the rate of $4,000 tons weekly,
according to the statistics compiled by
the Iron Age a moderate increase as
compared with the 335, ,1Sg tons output
on September 1. but q loss from the
high record OF May !. when the capacity
Of furnaces in blast was $50. .G64. These
figures have lost their great value as
indications Of conditions in the leading
industry, owing to the artificial situa-
ton produced by fuel scarcity and iron
imports. It is certain that all records
Of pig iron productions would be far
surpassed If coke could be obtained,
even at the exceptionally high prices
now prevailing.
Railway equipment is still the most
active feature Of the market. car shops
seeking material. while orders ar
placed for far distant delivery because
early shipments are impossible. High
premiums are offered for locomotives.
tut the works have their books flied
well into next year
Weather. conditions were exceptionally
favorable during the past week fo-
securing the-natson's abundant agI-t-
cultural yield. There is 10 longer any
question as to the enormous quantity II
grain, but in some cases there has been
decided loss in quality.
Wheat comes to market freely, West
ern arrivals for the week amounting 10
1855, ,2S3 bushels, compared with :, ,426. .65l
q year ago, but for the crop year thus
far the movement has not equaled last
years. Total exports from all ports
OF the United States. -four included. were
5.537, 10 bushels, against 4,1s9. .22S a year
age
Receipts Of 1909 $50 bushels Of corn
show q surprising decrease when con-
pared with 2.T60, ,252 last year, which In
turn were Insignificant N comparison
with 6.I1O.2O9 bushels arriving in 1899.
Atlantic exports Of corn are steadily
gaining
Cotton has not shown the strength
that would have appeared if TIE official
figure Of condition at 5S.3 received tte
endorsement OF the trade There was
! special skepticism regarding the Texas
condition at a.
Liquidation continued in stocks until
at the close on Tuesday ths sixty most
active railway shares averaged only
SlO8-s0. a fall Of ST-47 per snare from the
high record recently attained. The ma
ket was dominated by Eonetary con
s!deratIons, no other adverse influences
being felt in connection with security
lalues-
Banking interests we're agingly
speculation in their efforts to restore .
reserves TO a safe position. and holders
of securities on borrowed capital fOurG
il Improbable 10 continue laying 10
ger cent or more 5or call money