The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-08-30
AUGUST MARKET ends
With Bright OUTLOOK
Volume of Business in EX-
cess of Previous Years.
ABUNDANT HARVESTS SURE
Despite Erratic Fluctuations All Stocks
Maintain Solid Footing, and Strike
Situation Has Not Materially Inter
fered With the General Market.

NEW YORK. Aug. so.-.Dun's Re
view:
Gradual resumption OF anthracite coal
mining is encouraging, although the out
put Is not yet sufficient to have any com
merciaI value. Business conditions are
satisfactory at the strike center, but re
ports from all other sections indicate
unusually prompt revival after the sum
mer vacation season, with exceptionally
large operations among dealers in the
agricultural regions Notwithstanding
some bad weather, large crops are now
practically assured. although the most
sauguine results may not be attained
Manufacturing plants are now fully &C
cupied, as a rule. the least gratifying
reports coming from furnaces that can
not secure coke owing to railway block
AIDES The transportation problem is be
coming serious. as the factor Of crop
moving is about TO be added Moreover
much coaI must be moved by rail thai
usually goes to consumers by lake and
canal Thus the outlook is good for
heavy railway earnings hereafter, and
OF 80 per cent over last year and l9
per cent over 1900.
Good Cotton Crop Assured.
Speculation is again a conspicuous
element in the increase Of 22.7 per cent
on the weeks bank exchanges at New
York over 1901 and AS per cent over
1883.
Deterioration from the exceptionally
brilliant early outlook for cotton gave
spectators an opportunity 10 advance
options nearly IS q bale and dealings
were heavy. Spot cotton was less
sharply advanced, although a firm tone
was developed. Correspondents Of r
c. Dun & Co. throughout the belt re-
port prospects good for a large yield,
but heat and drought during August re
duced the condition at many points. As
a rule the maturing early and injury
from insects IS less than customary
Reports are especially favOTa bic from
Atlantic coast States Plantation sup
plies have been costly. but wise ecOHom-
les kept expenses down and Indebtedness
TO factors and storekeePers is not larger
than heretofore. Southern banks are N
a position 10 make necessary advances
and comparatively little aid VIII be sent
South from New York.
Heavy Transactions Recorded.
Grain markets opened strong because
OF the loss in visible supply last week,
light receipts, and some dubious weather
reports. Best prices we're not main
tanned. however, and abundant harvests
are practically assured, yet every
trifing reduction in condition gives en-
enlargement TO holders Of wheat.
Quotations for the sixty most active
railway shares attained new high
water mark. despite erratic fluctuations
There was much profit-taking, and an
other reduced dividend caused IiQuida-
ton although Il was generally believed
that such action was due 70 the desire
to avoid any change IN control as II the
case Of another voting trust. Very heavy
transactions were recorded and com
mission house business was large, tesJi-
Tying % the interest Of the public.
Money still failed 70 become stringent
although there we're adverse subtTeas-
ury balances Gross gold in Government
vaults continues TO break all records
Foreign exchange has been featureless
Foreign commerce al this point was well
sustained. exports declining only S77zs-
e5S from the outgo lastF year. while i'm
ports increased g, %, 92I
Earnings Larger Than Last Year
Liabilities OF commercial failures thus
far reported for August aggregate 81
z0S. ST.. OF which 81. ~ 81 we're in man
ufaesuring and $2.55s.lm in trading
Failures for the week numbered I73 u
the United States, against Z0z last year
ana ii IN Canada, against q a year ago
Bank exchanges continue extremely
heavy for august. the total this week al
all cites in the United States Is 1855
430.5sI q gain OF l. per cent over las
year ana z0-2 per cent over 1893. Con
t5uUed activity IN stocks at New YOTl
sven payments through the banks al
HAT city and exchanges are IL coEse
o-enCe nearly one-qUarteT larger thar
las year.
G~ozs earnings Of all railroads in th'
United States reporting Tor August u
osJe are sZI.G54 $40, gain OF 80 per cen
over sast year and j. per cent over Au
f-i.as. 1906 Earnings FOR august sJil
slot- q larger tonnage than last veal
on LearIy I'll classes q roads in spite
q some interruption e traffic. and bu
for the losses oil q few large systems il
some sections. due 10 special causes
the gain Cor the month would be quit
as large as Tor July and some preceding
months.
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