The evening times. [volume] (Washington, D.C.) 1895-1902, 1902-09-13
Conditions Bring About a
Feeling of Confidence.
ABUNDANCE OF FOODSTUFFS
Statistics Point to Largest Yield Of
Corn and Oats and a Wheat Crop
But Twice Exceeded-WaH Street
Operations Continue on Large Scale.

NEW YORK. Sept. 1S.-Dun's weekly
review of trade today says
Industrial activity is greater than at
any recent date. Many new factories
and mills have been added to the pro
ductive. capacity, facilities are being in
creased at old plants, and idle shops re
sumed through the settlement of labor
controversies West Virginia coal miners
have returned to work. and production
in Pennsylvania is steadily increasing
a coke blockade still exists. the rail-
ways being unable to handle the output.
which is above all records and IL urgent
request
Despite the rapid development of trans
p9rtati0n facilities. the nations needs
have grown still faster, and the situa-
ton is distressing for shippers and con
sumers- Large crops are being harvest
ed and the greater abundance Of food
stufs caused a decline il prices of com
modities during August Of 9-5 per cent,
as measured by.Dun's index number.
Retail trade is large, with a bright
outlook for cancellations so numerous
at this time last year, while collections
are improving
An advance of 22-9 per cent in bank
exchanges at New York over the same
week last year cannot be explained by
speculation. as dealings in stocks were
also heavy in 1901 Compared with 1893,
the largest previous record. there ap-
pears a gain Of SIS per cent. At other
leading cities there were gains Of IL
and 26-0 per cent, respectively.
Railway earnings in August exceeded
last years by ~ per cent, and those of
1900 by 1s.1 per cent. Although the
weekly capacity Of pig iron f5snaces in
blast on September / was reported as
335, 1S9 tons by the Iron Age it has
since been appTeciably curtailed by the
Inadequate supply of fuel. on which &C
count numerous furnaces were blown
out, OF, at least. banked Total output
during August was 1885, 42 tons. and
furnace stocks remained practically IN
changed at 1889 tons. As cOnsumptive
requirements are increasing, il is neces-
sary to place orders abroad more ex-
tensively. Heavy importations have
prevented further advance IL quotations
Kew England producers OF boots and
shoes are insisting On ful prices, and
z,me grades that we're slow TO respond
are now sharing the Improvement
No sign Of weakness is seen il leather
Textile mills are we'll occupied. with
prices sustained n all cases. and mod
crate advances in some cotton goods,
which are in demand for quick delivery
Conditions favor sellers, buyers no longer
desiring concessions, but seeking 10
place forward contracts at present quo
taiions Domestic needs are large. and
there are numerous bids for export. but
ct figures that makers refuse TO con
slider. With the completion OF early
orders there has come quiet market
for Wooleas and woTsteds, but mills
have large contracts On hand
Low stocks OF wheat and poor grading
Of receipts, together with fears of frost
IN corn sections, sustained quotations
when decline would have been imni-
uent i full confidence were placed in
official returns Of condition The latest
Government statistics point to the
largest yields of corn and oats ever
harvested, and a wheat crop but twice
exceeded. IncreduIity is also shown as
10 the cotton report, the discrepancy
being IN the nature OF an under esti-
mate IN this case, unusually heavy re
ceiPts promising more cotton than the
departments low figures.
Wall Street operations continued on
2 large scale. and the average of the
sixty most active railway stocks at
tanned another new high-water mark,
notwithstanding q higher rate for call
loans.
Failures Tor the week numbered POS
in the United States. against 1913 last
year, and . in Canada, against Is q year
ago.