The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-11-09
LULL IN TRADES BIG BOOM.
roP NOTCH PRICES NOW UNDER
GOING REIMBURSEMENT.

Jobbers in Boots and shoes stop Buy
ing in the Belief That Prices Are
round TO BE Lower, and ManufGc-
tories Closing DOwn-A Similar
STATE of Annirs Reported Among the
wooden AIiIIs-FrieIz in Control of
the Coke Production.
New York, Nov. s-R. c. Dun & Co.
u-fu say in their weekly review of trade
tomorrow: 1.-The liabilities of the firms
failing in October were SIG. Us. 536 against
s-a IL. 943 in the corresponding five weeks
Inst year and S24,95i,lS2 in 1892. The fail
t.res for the week have been go in the
United States, against Isl last year, and
Al ia Canada, against 4 last year. It has
been a broken week, just before and ar
Ter the elections, and the operations were
entirely unimportant
stocks and products are weaker and
there is a decrease in the number of es-
tsblishments at work The controlling
power at present is the effort to readjus5
prices after the remarkable rise of lasy
summer in important materials and proc
ucts with the struggle of the great COM
binations to prevent decline.
The purchase of competing interests
teal control Of more than three-quarters
OF the coke production, and an advance in
the price of coke to g is expected, as the
Carnegie Company has been buying up
supplies at low prices for months in ad-
vance. Yet the price OF Bessemer pig is
lower, $A75 at Pittsburg, and billets are
lower, because there is scarcely any de-
mand for rails at the combination price;
Il a
the demand for wire and wire nails has
been curtailed by the nail trusts advance
of prices 176 per cent. in four months.
Large western and eastern orders for cars
helped the demand for bar, but finished
products are quite generally sold below
quotations, which are now lower than
they were two months ago.
The great boot and shoe manufactur-
ing industry is embarrassed, even to the
stOppage OF very many works, by the re-
fusal of Jobbers to purchase. in a belief
that leather and shoes must decline, in
accord with hides. Manufacturers have
offered concessions ranging from . to 10
cents per pair, but only increasing the
indisposition to buy
Many wooden mills are also closing to
wait for orders, though the demand is
fairly satisfactory for some dress goods
and worsted, and the Washington mills
open clay worsteds at 10 cents advance.
But the prices of this and most qualities
of woOlens are still unsteady, for manu-
facturers do not know yet what they have
to meet. Cotton mills do well. as the cot
ton trade does not stop the buying Of
goods, and many believe goods safe at
current prices, even if cotton IS not"
Bradstreet's tomorrow will say The
interruption of general trade throughout
the country, incident to the election, nas
been emphasized by unusually mild
weather, which checks the demand tor
clothing, heavy weight textiles and other
seasonable goods.
Except for iron. steel and cotton, the
larger portion of the advances IT. the
prices of commodities reported since
March last, has largely disappeared.
Earlier anticipations of continuous adj
vance in prices and demand this year,
the outgrOwth Of the activity of two and
three months ago, have met with disap
pOintment. But there is little reason for
the reaction in sentiment by many who
do not look closely into business Condi-
items. The wave of increased demand
since the tide began to rise in March, has
resulted in net gain. The sentiment OF
traders generally is that the outlook
promises an active spring trade, and that
the holiday season will prove satisfactory.
THE cleafances throughout the United
States this week aggregate $l,l2l 900,
a gain of 3.5 per cent. over last week.
The falling off this week. in comparison
with the like total in 1892, when the vol
une of business was very heavy, is less
than 5 per cent. 1t is to such exhibits
as this, together with greatly increased
railway earnings, the heaviest iron and
steel production on record, widespread
advances of wages, and prices for cotton
and cotton goods promising prosperity
during the coming season, that those
should look who have felt only disap-
pointment in the falling away Of the de-
mand since September.
The feature of the business week
among the larger eastern cities is an i'm
proved demand for textiles, with in
creased strength in iron at Pittsburg
after the recent reaction.
AT cities in the central western
states a moderate volume of business is
reported without material change COM
plants being most numerous from Gin
cinnati
"A fair business is reported from Chit
cage in shoes and rubbers, owing TO
weather conditions.
st. Louis reports a larger volume OF
trade While at Kansas City the opposite
is true, owing to the consequences of the
prolonged dry weather last month
AT Milwaukee, Minneapolis and ST.
Paul general trade is quiet, brought about
IN part by the mild weather. Grain con-
tinues to move freely to Duluth and lake
traffic continues active
AT the south unseasonably warm
weather is complained of, and in some
instances there are reports of a decreased
demand for staples, but, on the whole the
prospect favors an active spring trade.
Mercantile collections are improved, anG
IN number of instances long standing
accounts are being paid.
SANFORD SIFTTNGs,