It Checked Progress
Assassin’s Bullet Retarded the Nation’s Trade
for a Time.
New York, Sept. 14.—R. G. Dun &
Co.’s Weekly Review of Trade says:
An assassin’s bullet checked the progress
of a nation. For a time projected undertakings were abandoned, and
orders held back that were about to be placed. Speculators sacrificed
stocks and options on grain and cotton. Better news early in the
week brought recovery in prices, and postponed business was transacted.
After the crisis there will be a return to former conditions because
the solid foundation of the country’s prosperity is too deep to
be permanently disturbed.
In the principal manufacturing industry
there is a steady gain in the number of active mills, and full operation
is considered near. Less urgency for immediate delivery of goods,
and less inclination to pay premiums on the part of well-posted
men, suggest that these consumers anticipate a return to normal
activity with little delay. Mills are accepting contracts for delivery
of steel rails far into 1902 at $28, so that no change in price
in near. Finished steel is freely taken.
Shoe shops still operate full force,
and while the large producers of New England have the most noticeable
activity, manufacturers all over the country share the heavy demand.
Dry goods enjoy exceptional activity, the demand for current needs
exceeding expectations and distribution of jobbers is of enormous
proportions; at many points packers are working both day and night.
Many lines of cotton goods, both bleached
and brown, have moved to a higher level and this branch of the textile
industry is in a better position than at any previous date this
Business failures for the week numbered
175 in the United States, against 195 last year, and 18 in Canada,
against 30 last year.