New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1903-11-02

other factors London buyer OF stocks.
which provided finance bills in abundance. ana
a liberal outgo of cotton and grain added to the
offerings OF commercial bills On the otner
hand there was little inquiry for exchange
AS the rate fell close to the point at which I'M
ports of gold have been arranged. there was
much speculation on this point
AS regards domestic trade conditions ana
prospects. reports are somewhat perplexing-
Many pages of the last issue Of "Dun's Re
view" are filed with dispatches from cities
throughout the United States. In which the
situation in each locality is discussed IN detail
According to these reports. there Is mucn tha'
is encouraging in the volume OF business III
sight and, aside from the markets that are OPP
pressed by financial troubles the outlook is
bright 1t is especially noticeable in structural
work of all kinds that the difficulty in securing
funds holds back progress. Mild weather is
still check on free retail distribution OF wear
ing apparel and other seasonable lines that
should now be IN full blast. Although some
new strikes have started. more idle hands have
returned to work. and the attitude Of conserva-
tive labor leaders is bringing about many set
Elements Prosperity has been checked suf1-
GENTLY 10 make arbitration more attractive
than dictatIon. especially as the winter Is ap-
preaching.
, After more or less irTegularity. the general
average of the leading farm staples shows little
net change Wheat is moving more freely. vet
much less has been marketed thus far this
season than last year. and exports also show
heavy decrease. At the West this is attrib-
uted to the more prosperous condition Of pro-
ducers. who able TO hold their crops for sat-
:sfactory prices There is still much complaint
Of the poor grading Of arrivals. which may be
due to this inclination. the better wheat being
retained Another week OF good wea Their for
drying corn has largely increased the quantity
secured and the movement is naturally much
bigger than last year, especially as to foreign
purchases owing to the more nearly normal
quotations. Cotton has been subjected to dis
patches of frost. good weather. and two esti-
mates a million bales apart. These contra
dlctory reports are not calculated To cause sta
bility Of prices. Port receipts are heavy and
exports well maintained.
How cotton mills are to return to full activity
with the raw material so expensive is a problem
that is bothering spinners. Purchasers Of cotton
goods have shown little more inclination to
provide for future requirements. yet there Is no
disposition to offer prices commensurate with
the cost OF production. II is not difficult to
figure that 81 cents for print cloths leaves no
profit when made from 101z-cen cotton. Yet
the last week has shown decided increase in
the number Of spindles at work A slight gain
in the woollen division is also noted. and there
is still full operation Of footwear factories AS
hides are steadily declining under the burden Of
heavy receipts and leather Is also somewhat
easier, the firmness OF the finished product
phasizes the vigorous consumptive demand
Some Increase in orders for steel products Is
reported, although only small lots taken.
and the aggregate tonnage would have been
sidered insignificant a year ago.