Sullivan republican. [volume] (Laporte, Pa.) 1883-1896, 1895-11-22
Business Of the week.
Dun's Review.

hides aud leather during the past
wear. with its unfavorable influence
upon productive industry and legltl-
me3t business, is reviewed on follow
ing pages with fuller statement OF
The prices since 1888 than has ever
been published. 1t is shown how
little foundation there was for the
tremendous advance in prices, what
share the Uuited States Leather Co.,
had in 1t, and how one of the great
est industries of the country has
been affected. For some months
the lack of new orders, for boots and
shoes, because Of high prices and the
enormous purchases made when
urices were rising, has been recorded
weekly, Those who wish to Judge
in what direction and how far prices
O, hides, leather. and boots ana
shoes may move, will find highly in
structive as well as interesting, the
contrast of such prices for the past
eight years. :,
Tho scare about gold exports had
no real significance, and although
s2.25O,OO0 more will go out to>day'
the stock market has been recover>
ing. There was and is substantial
cause of difficulty, in the fact that
exports Of products have been TOO
small to meet the greatly increased
imports of merchandise. The col
lapse OF Kaflir speculations abroad
h.s forced many to realize Oh Amer
cans held, and the impression that
our government may have to borrow
again also operates to our disadvan-
taoe. But there is no local disturb.
ance Of money markets, stocks are
80 cts. per share stronger than
week ago, commercial loans are not
large. and the demand for moving
crops has been remarkably small,
so that on the whole the money mar
ket has shown very unusual strength
and steadiness for the fall season.
The government monthly crop re-
port has caused, as usual, rather
more uncertainty rs to its interrre-
tation than previously existed as to
crops. The cotton statement, lack
ing account of acreage on which it is
based, was of only speculative value,
and the mere r,lmor that Mr. Neill
had reduced his estimate Of the crop
actually weighed more than the
oa..,-I esot",nto. Receipts from
plantations, 25 per cent. less than
last year, if of value, would indicate
crop over 100000 bales, but or
ganization to hold back the crop rem
ders the comparison of less use.
The bottom fact is that even a small
ler crop than anybody expects, with
the three million bales carried over,
will assuredly prevent any famine in
cotton. Meanwhile the exports de-
creas S6 per cent. in quantity.
Wheat perplexes the oldest inhab-
it.nt. There is really little reason
10 expect q yield larger than last
years but Western receipts, S,202,~
S64 bushels against 4,G2G,639 last
year, do not mean scarcity Of wheat.
Probably it is true that the attempt
to indude farmers to keep back their
wheat in July has ended, as usual.
ia much bigger sales at lower prices
in November, and prices have now
declined so for that, for the first
time in many months, Atlantic ex-
ports exceed those of a year ago,
having been for two weeks, -four in
cluded, 3,260,3S4 bushels against
3,l93, Ill last year. The decline
nearly lc., is not much, but does not
mean confidence In renewed advance.
Corn is scarcely lower, but without
the aid Of government all know that
tire supply will largely exceed al
home and foreign demands.
Shipments of boots and shoes, ac-
cording to the Shoe and Leather
Reporter, are 5S,SlS cases for the
week against -, 4i2 last year. Be-
cause buyers expect lower prices,
many Of the works have closed, and
manufactures are offering considers
ahle reductions. The WOODEN mans
ufacture has to meet this year with
two difficulties, Che remarkable de
mand for Clay worsteds, which has
encouraged an advance of 10 per
cent. in price, and the heavy imports
ofwoolen goods, which have amount.
cd for nine months of the current
year to So, 456, 402 lbs. against l2.>
001 ,06S last year and 3O,393 ,465 in