Show 1896WHAT WHAT DUN SAYS Galveston Storm and Miners Strike Cause Hesitation in Business New York Sept HR G Dun Cos Weekly Review on Trade tomorrow tomor-row will say The tropical 1 storm that devastated the Gulf coast almost wlp Insr out the city of Galveston and doing damage In other parts of the country caused reduction In the volume of business busi-ness at the South and railroads In tho Gulf region have probably not shown their maximum losses of earnings as yet but even after such a catastrophe recuperative power Is shown An added cause of hesitation in business Is the order for a strike of the anthracite coal miners I Otherwise the working force has increased in-creased this week for operations are resuming at steel l mills and the Michigan Michi-gan Peninsular car plant and the Deer ing harvest works have started up after af-ter seven weeks Idleness with 300 banIs each From many quarters of the East and Southeast a beltcr distribution distribu-tion of merchandise la I reported In jobbing Job-bing and retail circles The weather has continued favorable for the maturing crop with cutting progressing and the crop generally beyond be-yond danger but damage to colton by tho storm Is still an unknown quantity Prices of staple commodities are higher for the week hoisted by tho sharp rise In cotton but In manufactured products there Is little change though steady Increase In-crease of business at the current level Is satisfactory Cotton closed last week at the highest high-est price in ten years and a large short Interest was awaiting reaction Instead In-stead there came news of the disaster in Texas and sensational reports that a million bales had been destroyed At the New York exchange trading was far In excess of all previous records and prices rose by bounds Subsequently Subse-quently there were less exaggerated reports re-ports from the South but the market failed to respond and middling uplands advanced 10 11 cents The rise In time raw material caused sharp advances In cotton goods In one week standard I brown sheetings rose from 567 to C cents wide bleached sheeting from 20 I to 21 standard brown drills from 507 J I to 55S7 and staple ginghams from 5 to j j 1 GfiO cents Buyers who have been dc I I laying t for wee s arc anxious to secure j liberal supplies both Instant and distant dis-tant StockH In first hands were j cleaned up and sellers generally withdrew I with-drew from the market Wheat rose above SO cents again InS In-S j t the face receipts for the crop year I thus far 8416956 bushels larger than Inst year while exports decreased 10231388 bushels including flour Ko t pojtn of heavy rains In some sections and Injury to the crop with better l Inquiries In-quiries by foreign houses explain the advuricc iQre ordcra are being received at Iron millp and prJcqsare 1 steady in I structural and finished material there Is much business and activity is becoming be-coming almost universal In the Iron region re-gion Steel rails aro awaiting for the agreement as to prices which IB expected ex-pected next week A reduction in keeping with other steel products Is considered certain and then the market will be on a settled basis Some largo makers favor 2750 aa the new basis and believe that nearly two million tons would bo ordered at that figure Shipbuilding was never more active and a feature was a contract for a coal I pier to be used In the export trade Boots and shoes begin to recover after many weeks of dle wheels I I throughout New England Orders aro t coming forward freely and a return to I normal conditions is In prospect Last weeks shipments from Boston i j wero only 67112 cases which Is the smallest amount since the decline began I be-gan but Increasing purchases promise I an early gain In forwardlngs Conditions Condi-tions are similar In tho wool market where sales last week aggregated 2G13 000 pounds against 12050500 pounds a year ago Prices do not fall as might bo expected In such a dull season Failures for the week were 195 In the United States against 149 last year and 30 in Canada against 32 last year |