Macon beacon. [volume] (Macon, Miss.) 1859-1995, 1894-10-27
DUN'S COMMERCIAL REVIEW


Cotton Below SIX, and Wheat Below Fifty
Five Cents. with Exports OF Gold Instead
OF Products the salient Points OF the
business situation with Many Features
of Encouragement. Business Has Not Yet
Answered Expectations.
NEW YORK, Oct OR. G.. Dun e
Go. S weekly review of trade, issued to-
day, says:
Cotton, below cents, and wheat be-
low SIS cents, each lower than ever
since present classifcations were
known, with exports of gold instead
of products at such prices IN October,
are the salient features in business this
week. Distribution of goods to con-
sumers goes on fairly, with gains at
nearly all points in comparison with
last year, but not yet at a rate to sus.
tain the present volume Of manufac-
turing production, so that prices
weaken little. The domestic trade
represented by railroad earnings is 3.i
per cent. less than last year, and 1874
per cent. less than in 1892.
The payments through the principal
clearinghouses for the third week of
October are 2,3 per cent greater than
last year, but 3l.5 per cent. less than in
1892. The daily average for the month
is So per cent larger than last year,
but 2S.2 smaller than in loo..
With many features of encourage
ment business has not yet answered
expectations, and Il is evident that
the loss of part OF the corn crop and
the unnaturally low prices of other
staples affect the buying power Of
millions.
Wheat for October delivery fell to
81. 1: cents on Wednesday, and, in spite
ot some recovery, the average for Octo-
Der thus far is cents below the lowest
monthly average ever made, which
was in September, and was nearly 10
cents below the lowest prior to this
year, the October average being 80
cents below that of October, ls9l or
1890. Western receipts are only 4,7o0,-
30l bushels for the week, against s.
064, 333 last year, and Atlantic exports
G3l ,0s4 bushels, against 693,3i3 last
year, but the controlling fact is that no
demand as yet promises to clear away
the enormous surplus.
Corn declined one-half cent during
the week, with receipts not a quarter
! of last years and exports not a tenth.
| Pork products were somewhat weaker,
with lard quarter lower. Cotton sold
at 5.oi cents on Thursday, and with AL
| lison's estimate that the world will
consume s.!is.000 bales American, the
stock of 100000 bales in sight, and
the estimated yicll of over 5000, 900
bales detcrs buyers.
Domestic exports from this city in
two weeks of October were 10 per cent.
less in value than last year. While the
increase in value of imports has been
27 per cent, much of the decrease in
exports is in price, bat in August and
September the quantity of wheat de-
creased over Il third, Provisions and
cotton gained, but oil decreased. and
in miner products exports in Septem.
Der declined 1G per cent. The increase
in imports, exclusive of sugar, was
over 35 per cent in September,
and in two weeks of October
at New York over 43 per cent
With this heavy increase in purchase
and a decrease in the sales of prod
ucts abroad, the market for foreign
exchange is in position to be quickly
affected by Withdrawals of capital OF
apprehcnsions regarding the future
peace Of Europe. 10 Sj00,0O0 golG
shipped Tuesday it is expected that a:
much will be added to-day. 1t ap
pears that three trust companies here
now hold over $4,000, 600 idle money
and that eastern mill loans are being
taken from New York by New England
banks while the northwestern demand
for money is unusually small. The
treasury is again falling backward in
reserve, and large imports yield a lit.
tie less revenue than last year. while
iAernal revenue for the past three
weeks is 100000 smaller than year
ago
The dry goods business and textile
industries were especially favored by
the demand in August and September.
In mems spring goods there are few
small orders. and, while fall orders for
suitihgS continue good, the demand for
cloakings has been reduced by the
strike of cloakmakers.
Sales of wool have for three weeks
of October been -. 400 bales,
against s,34i, ,4j2 last year, and 1885,.
900 in 1892, with markets dull and
prices barely maintained.
The boot and shoe trade is doing re-
markably we'll, shipments from Boston
for three weeks having been 252, 5Si
cases, against l69,564 last year, and
243, 800 in 1892.
The iron and steel business makes a
better showing this week, Bessemer
pig having stitfened to 5000 at Pitts.
burgh, and at Chicago and New Yorl,
structural and bridge orders have been
placed, but bar iron has fallen to 81
cents for common and 81 for steel al
Pittsburgh, which are prices below
those current in Great Britain. There
is good demand for sheers and some
good bridge contracts are reported
The Pennsylvania railroad reports its
material account so per cent. less thar
that of last year to date.
The failures in October thus far hav,
been quite moderate in strictly com
mercial lines the liabilities amounting
to SO, ,s2l ,937 of which 81, ,79S, 636 were o
manufacturing and Sl,996,636 of trad
ing concerns. Some failures of bank
ing, investment and loan concerns no
here included have not proved of gen
eral Importance.
| The failures during the past weel
have been 253 in the United State
against 34l last year, and As in Canad
against 90 last year,
SHOT AT HIS SWEETHEART
Who Broke Leg In jumping From II Win
dow to Escape.