Omaha daily bee., 1895-11-23
WAITING on CONSUMPTION
Present Hating in Business Due to Excess
sive Purchases.
UNDERESTIMATE r The WHEAT CROP
Exports of Cotton Small because For
eign Mnnufacturers Cannot Sell
Their Goods--Iron and steel
Products Lower.

NEW YORK, Nov. 22.-R. G. Dun & CO.'S
Weekly Review of Trade. which issues tomor-
row. will say: Reaction in business there
Is none. Efforts to explain 1t or to attribute
II to this or that temporary influence are all
wasted. In every way business men now
perceive the fact that the purchases In ad-
vance of distribution. which were made
when prices were booming, involved of
necessity a season of halting, when the
actual demand for consumption has been
measured Products are lower. without dis
tGrbance or Sign of panic. The more sober
estimates of wheat, months ago, rose 90
0O0,O0o or more above the government and
speculative guesses, and now al reputable
estimate of 475,OOOO00 bushels excites little
three weeks, against i2,Sl7,67i bushels last year
are so persistent that prices have again declined
are slightly less than year ago for three weeks
4.76S,745 bushels, against 4.s4g,2li bushels last
products also have reasI FOR weakening lard
u cents per 100 pounds. and pork % cents per
barrel
Tie cotton market has been assisted all the
week bysmali receipts and remarkable statements
some think short receipts were deliberately
ganlsed by planters. Ii begins to be a decisive
abroad are heavy and partly because the manu-
facturer abroad does not find a market for the
embarrassed. In this country the cotton manu-
facturer has Jared better than most others.
cline. While some prices were marked too high
when cotton was above cents and lower,
most goods are held at quoted prices and the
mills generally have orders to cover work into
next year, but 1t is becoming question whether
rail distribution has kept pace with manufactur-
ers orders or with sales to retailers
The opening of clay worsteds by two leading
mills at advanced prices has not been followed
by others. and 1t Is doubted whether foreign
prices after London wool sales next week will
be helpful.
Iron and steel products are lower averaging
l per cent FOR the week and per cent from
the highest Bessemer. anthracite No. l and bar
are quoted lower, while sales bel1w quotations
are frequent. There is competition for orders,
most works having little ahead, and new business
Is remarkably small. Structural work is cut
down by the strike of house workers here and
quite number of mills. principally bar have
stopped within few days. The associations re
affirm prices, but do not sell enough 10 keep
works busy.
The demand for boots and shoes is a shade
better. but many shops idle working part
time. and buyers generally hold Oft. although
considerable reductions are now offered by manu-
factureis on mems split shoes, and grain, oil
grain. glove and bun polish and polka shoes.
shipments for the month are 22.7 per cent less
than last year. Leather is weaker at Boston,
Though only one class is quoted there, but hides
at Chicago have again declined about per cent
and average relatively lower now than leather
shoes. ss...I
Failures for the week have been 500 in the
United States against '222 last year, and forty
two in Canada, against thirty-one last year.