The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1895-10-16
VOLUME is BIG.
Trade IN Several Branches Surpasses ANY
~ Previous Year.

New YORK. Oct. AR. G. Dun &
Co.'S weekly review of trade says:
.sThe price barometer gives indications that
are not entirely favorable Cotton goods go
up with increasing evidence that the crop OF
cotton Is short. Prices OF other manufactured
products of wool, hides and leather all show
some decline, general abate ment In new
orders being the principal cause. With an
immense volume of business, not much ex-
decided in the largest month of the exceptional
year 1892, and with evidence that In several
branches the volume has surpassed that OF auy
previous year, there Is growing unce rtainty
about the near future of industries. Money
markets are neither strained nor threatening,
foreign exchange no longer raises apprehen-
sion, and all fears about the great northern
crops are past. There have been few advances
In wages of labor within the past month and
only few works have been closed by strikes
for an advance
1.-The main cause Of decreased orders has
been repeatedly pointed out by this journal
during the past half year When business be-
gan to revive million traders were In haste
to order not only the goods each expected to
sell within given time. but enough more to
replensh stocks which had been cut down
almost to bare shelves by two years OF pros
traton. Thus the buying was much in excess
of real consumption within the given time
Also, as prices rose many fastened to buy in
advance of visible needs, hoping that every
purchase would mean gain, while
mpltitudes hurried to get in their
orders before competitors could buy
as cheaply. Under such conditions
buying continued for six months and still con-
tinues in cotton goods, which have risen less
than the material But in most manufac-
tured products buying for the same reason
can no longer be expected, and the steady and
regular consumption is not yet known
1T is too early for cotton movements to cast
,cl iUhf nhan oil
thus far % per cent. smaller than last year,
do not indicate as small crop as many fear,
in view of the known lateneSs Of picking.
Widely circulated advices to hold back cotton
have some influence also
In wooden manufactures a demand for
dress goods and some Specialties keeps many
fnlly employed but most of the works max
ing mems woolens, for which new orders are
scant. find not enough to keep them running.
To pile goods up in advance wholly in the dark
as to future foreign competition involves such
| risk that some concern, may close for time
Failures for the week have included two
banks and several concerns of some size, and
have been 268 in the United States against 231
last year, and 81 in Canada against 43 last
| year."
Bradstreet's says:
Cooler weather has stimulated seasonable
demand for staple dry goods millinery and
clothing, and jobbers in these lines in all
parts OF the country feel the improve
| ment. Relatively, most gain has been
made at the south, where an improve
| ment is reported in almost all lines. Interior
merchants are placing more liberal or
ders than for several years and larger dis
tributing centers report sales of goods to the
cotton belt and collections therefrom eXcep-
tionally free The more unfa, orable features
are found in dis .ppointment at the modera-
tion with which wheat is exported from week
to week, the reported weakness in pig iron
and steel billets and in the competition suf-
fered by domestic wooden manufacture from
abroad"