New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1905-10-02

direct shipment from Australia to London, TINS
country having no further interest in the matter
than its ability to retain the gold If remit
lance from New-York to London can be mace
with profit by exchange
No news is good news when conditions are
satisfactory and the only alteration in the trace
situation from week to week of late has been
an accumulation of preceding prosperity Inc
only complaints referred to difficulties expert
enced in securing sufficient supply of labor
and the delays occa stoned by overtaxed rail-
way facilities The department stores are meet
ing with satisfactory results in fall opening
sales, and jobbing houses work their shipping
departments overtime in the effort to supply IN
terror dealers. especially in drygoods and other
lines of wearing apparel. Pessmists nave III
tie ammunition, and consequently make the
most of the upward tendency Of prices. 1t IS
true that hides at the highest position since
the Civil War, wool averages about the nlsh-
est in over two decades, cotton is at remark
able position. considering the fact that record
breaking crop has just been harvested. and pig
iron prices steadily upward Yet IN no
case has the finished product advanced in pro-
portion to the raw material, and the consumer
does not complain when he is well employed al
high wages,
At the leading commodity exchanges there is
no longer the element of uncertainty regarding
the crops that contributed so largely to price
fluctuations earlier in the season. 1t is no"
practically certain that sanguine expectations
have been realized on the wheat farms and the
movement to market increases moderately al
though retarded in winter wheat sections oy
work on the new crop. AS the seaboard mar
kets secure larger arrivals of wheat despite the
liberal purchases by domestic millers, exporters
are able to increase their takings far above the
To q
big decrease when the comparison is carried
back to the record breaking outgo three ana
four years ago. Later in the season it Is prop
able If prices are held at reasonable POSITION
the movement Of wheat out CT the country VIII
rise close to the volume of exports in banner
years. One favorable development in foreign
trade since 1902 is the much larger proportion
of wheat that goes out in the shape OF nour'
In a few more days the greatest corn crop on
record will be out of danger, and already the
surplus is being purchased by foreign consum-
ers Hog packing at the West steadily gains
over last years figures. the increase thus far
this season amounting to 1,3So,OOO head or
about IL per cent. An interesting development
in the cotton market was the sudden change OF
front by the leading speculator whose previous
predictions promised a serious scarcity
Reports from the leading manufacturing in
dustries are very encouraging, new business
coming forward in a manner that testifes to the
abiding confidence of dealers in consumption on
a liberal scale. Footwear shipments continue
to exceed last years. but there is still a small
balance in favor of 1908. Factories are now
busilv occupied, although there is hesitation re-
garding the acceptance Of deliveries more re-
mote than the end of the year. The strength of
the raw material is ample explanation Of this
attitude The one menace TO the cotton goods
industry has disappeared, resales Of export pur-
chases for China having ceased and more Tor
eign business being placed. The position OF do
nestle BUYERS in the primary market does not
becone more enviable as their stocks decrease
and the mills reject orders except for such spot
goods as are available. other textile faorlcs
are firm in price. and clothing manufacturers
have had a splendid season. In the iron and
steel Industry the long deferred business IN pig
iron has at last made its appearance, and small
er orders are accepted only at an advance OF
about 80 cents ton. The structural steel mills
are still sold far ahead, and orders for railway
continent run we'll into 1905.