The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1895-09-04
The General Trend of Trade
Most Encouraging.

New YORK, Aug. 80 R G Dunn
& Co., in their Weekly Review Of
Trade says: Improvement in mar
kets and prices continues and where
as few months ago everybody was
nursing the faintest hopes of recov-
cry, it has now come to be the only
question in what branches. if any,
the rise in prices and in the increase
of business may 60 too far A strong
conservative feeling is finding express
sion, not as yet controlling the mark.
cts or industries, but!warning against
too rapid expansion and rise In
some directions the advance in prices
clearly checks future business The
industries are not only doing better
than anybody had expected, bot are
counting upon a great business for
the rest of the year. Since the spec
ulative spirit and the power of COM
bination pushed up prices of hides,
leather and shoes, the demand has
distinctly declined, at least for the
present, and many works are out of
orders. while few are now receiving
enough to support full production
Shipments from the East in August
foot up 356,376 cases, against $685.
S44 last year and 328, ,494 in 1892.
The prospect for wheat has hardly
improved this week, though the price
has fallen Ia cents. Western re.
ceipts have decidedly increased, but
are only 3,905.905 bushels, against
6 6,42s, ,294 last year and Atlantic ex-
ports are only 1873, 1856 for the week,
-four included, against s,271.l18 last
year. In the past four weeks, At
lantic exports have been only 4,368,.
$50 bushels. against IL. 70l,S53 last
year, and this alone is quite enough
to explain the failure to maintain the
sensational advance in prices which
SO effectively checked the outgo.
Corn is coming forward more freely.
and the September price has declined
IA. With the promise of a great
crop, pork and lard are shade lower.
Cotton is rising as il there were no
surplus Of 100000 bales of Ameri.
can carried over to the new crop
year, which begins with next week.
Whether exaggerated or not. reports
Of inquiry have impressed readers,
and purchases in three days here
amounted to 955,8O0 bales. The
price has advanced to s 19 cents, and
as there is no large supply of actual
cotton available at this time, the
market price can be easily moved.
But if the yield is as short as buyers
believe, it is not a good sign for
business at the South, since the
abundance of old cotton in foreign
markets must Einder exports at
higher prices during the very months
in which planters are forced to sell
most of their product Already dis
patches indicate that the retail trade
at many Southern points is slack.
The volume of domestic trade is but
slightly better than in the previous
week, exceeding last years by 1873
per cent. against 1873 for earlier
weeks of the month. and falling 81
per cent. below 1892, as against 81
IN earlier weeks. Railroad earnings
in August have been hardly 8 per
cent larger than last year, but 1873
per cent smaller than in 1892, .ile
loss on Changers and Southwestern
roads being large. Failures in three
weeks Of August show liabilities Of
$6,519,366. manufacturing $751;.
377, and trading $2,s52,989. In the
same week last year. liabilities were
$8,214.470 manufacturing $685.
3Ss and trading $3,S84.4l4. Fail
ures for the week have been 1856 in
the United States against 1876 last
year and forty-two in Canada against
forty last year