Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-09-29
DuN'S COMMERCIAL REVIEW.

Than last Year, but Twenty-Five Per
Cent. Below a Full Volume fer the Sea.
son of the Year.
New YORK, Sept. 22.-R. &. Dun &
Co. weekly review of trade issued to.
day Says:
+ Plenty OF material for encourage
ment, and also for Encouragement, can
be found by those who seek that and |
nothing else. But business men who
want to see the situation exactly as
it is find accounts so far conflicting
that it is difficult to strike o
balance. In those departments of in
dustry and trade in which the deferred
business and the demand for rcplenish-
ment of stocks have not been exhaust
ed, there is improve ment, and in some
the business is not only larger than
last yer, but larger than two years
ago. N others the exhaustion of teul-
porary demand has brought disap-
pointment, because it was smaller than
was expected. and because the remain
ing demand appears uncomfortably
light In the aggregate, business is
about tenth large than last year,
but still falls about % per cent below
a full volume for the season.
The iron business after its great in
crease of output last month, shows dis
appointing weakness at all eastern and
| l,
large enough to keep fairly employed
| the mills in operation. Bessemer pig
is lower, at Sl1.25 at Pittsburgh, and
the business in most manufactured
products there and at Philadelphia is
generally done at some concessions,
though for structural work and in
sheets the demand is excellent. Wire
rods and nails and barbed wire are
weaker, and steel billets and bars
shade lower. In the minor metals
speculation has advanced both tin and
copper q little, but without signs of
increasing consumption.
In textile fabrics there has been q
distinct decrease in trade, as initial
stocks for the next season have been
ordered and dealers are now waiting
for the retail trade to give encourage
mcnt for further purchases. The lull
in trade may be only temporary, but
is felt the more as it follows the crowd.
ing orders for several months into a
few weeks. The strikes at Fall River
and New Bedford have not ceased, and
about dozen additional cotton mills
have gone into operation elsewhere,
several with reduced wages, but the
orders for the present are narrow and
much smaller than usual, although
recent advane IS in price are main
tanned, A large auction sale Of silks
has resulted in satisfactory prices.
; The demand for wooden dress goods is
better, and will occupy some mills un.
til tie end of September, and the half
dozen concerns making clay diagonals
are probably oversold but in most
lines the wooden business is restricted,
and after what remained of several
months demand was crowded into a
, few weeks. tl-.'",atic is disappointing.
!, London price, ol w',ol, beginning about
, per cent. higher than at the last sale,
were not quite up to previous market
quotations, ana sales of wool at the
| three eastern markets have been fol
the week larger than of late-6, Oil $50
pounds against 4,2lG.2ai last year, and
,202, 100 in 1892. In three weeks the
sales have been 1896, 80, agains'
9,s63,225 last year, ard 2i,63l 800 il
, 1892
Breadstuffs were weaker. possibly
| because the govern nent official report
T. went so far in predicting short crops a,
: to occasion reaction IN opinion. While
/ lower estimates of corn are commonly
e accepted the price fell 81 cents, ant
! men are reasoning that if the oiiicia
j. estimate Of wheat has been found l0)
coo, 900 bushels out of the way, its corr
estimate may be 100000 or 800, 030,
Y 900 bushels While corn declined neithc
4 pork nor lard yielded in price here
n though lower at Chicago. Wheat re
ccipts were 5.421,i bushels, agains
? 5,9S2, ,096 last year, and Atlantic eX
n ports only 90?, $50, against l,Sos, 80
= last year, and the price ;rll cent.
4 Railroad earnings for the ihG. weel
d in September We're GA per cent smalle
y than last year, and for the month. Il
o far as reported, 40 per cent. less thai
i in 1893 and Isl per cent. less than il
j 1892. Compared with last year th
loss is in passenger earnings, whicI
II were then phenominally large, and il
n freight earnings some increase az
h pears. Chicago cast-bound tonnag
It is larger Than of late, but fo
q tho two weeks of September wa
l. 05, III tons, against l04 TO last year. an
1l9.2ol in 1892. West-bound tonnag
is fairly up 10 the average, though il
goods products, still restricted. Tn
l. stock market broke badly ON trus
r stocks, although il recovered later, tn
!, market closing l.S9 per share lower
+, while railroad stocks have steadily II
C sisted the downward influence and ar
h only 81 cents per share lower
e Foreign trade does not answer c,
e pectations, exports from New York fo
e. the month thus far being SO, zoo, 900 q
If a3 per cent. less than last year. Will
d imports from this port were 5000, 0O'
1t or IS per cent larger. The treasur
n has taken in from customs in thre
n weeks about Sll, 700, 600, against IS, 900
N 600 last year, but only s3, 600 froi
e. internal taxes, against SS. 100000 las
n, year. Its gold balance has been som,
ie what helped by the internal deman
s. for small notes. The money market
ID continue easy, but there is somewh;
n better demand for commercial loar
and for western and southern needs.
In boots and shoes the demand col
H. tinues large, with many sales fro
stocks and orders for quick deliver
II and other indications that replenisl
81 ment of stocks is not completed. Shi
y ments from Boston in three weeks
'r September have been 25l.3a3 case
IL against S66, ,S69 last year and 240,9s9
Ct 1902, but the demand is still main
for low.priced goods.
u, The volume of domestic business +
ST Hected in clearings is, for the mont
le 90 per cent. larger than for the san
n, weeks last year, but 25.a per cent lc
lie than in 1892. The level of prices f,
Of commodities of all sorts is not s p
h cent. lower than year ago,
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