The Houston daily post. [volume] (Houston, Tex.) 1886-1903, 1897-11-13
WEEKLY TRADE REVIEWS.
Dsa's aad Bradstrcet's Reports Oh
the Coalition Of Trade.
Dun SEES A VERY GOOD BUSINESS.
says Purchasing Power Of the Pco-
pic IL Gradually lncreasinE.
Hradstrcet's Review.

Now York, November 1e.--R. @. Dun q
Co.'S weekly review of trade will say to-
morrow: Colder and stormy weather. 60
long needed to accelerate distribution Of
winter goods, has materially helped In
some quarters. and the resulting Improve,
ment in retail trade is mentioned In nearly
every Northern dispatch this week. so that
orders to NIL stocks have been encouraging,
and in some branches the multitude OF
demands for immediate delivery show that
tho distribution to consumers has already
gone much beyond the expectations of deal
ers. But this Is not yet the general rule
and there are many complaints Of delayed
trade from other quarters. There still re-
mains the extensive shrinsago caused by
yellow fever and quarantine III the South.
II is therefore the mora surprising that
the volume OF all payments through clear
ing houses is about as large as ia 1899 and
1871 per cent larger than last year. Rail-
road earnings also nearly equal those OF
1892 for the first week Of November, and
| half tho mileage in tas united States show
earnings in october Of sbo,S54.ss. or so
per cent larger than last year. and 80
per cent larger IMAM 1919.
Speculative markets feel disappointment
| because prices do not rise farther and fast
er. but II is fortunate fos producers and
| dealers that the experience OF some past
years in that respect has not been repeat
| ed. There is nothing TO cause general re-
| action, the purchasing power OF the people
| ID gradually increasing and after the lull
witch follows extensive Ieplenshment OF
stocks trade should give ample ratification
Of that increase.
The output OF iron furnaces on Novomber
| | was l3i 900 tons weekly, against 2o0l2O
| October !. a gain OF 81 per cent. and unsoid
stocks decreased 4s.s90 tons in October. in
dioating a larger consumption in Memphis
| than ever before, even when the output
of pig Was pushed by swiftly advancing
| prices TO the highest point. 2lI .6S2 tons,
November i, 1895. Prices Of iron products
rose that year 55.S per cent. but are now
1 not per cent higher than June y.
| The enormous output which some more
| furnaces started in November causes but
a slight decline in Bessemcr pig to si0.2
at Pittsburg, with no decline In other pig
| there at the East or Chicago and no fall IN
prices CT finished products except a shade
| In glass.
1 While most works have orders for the
| rest of the year, sheets aud some Other
branches are far behind In deliveries, tht
new orders are few, but Included one fol
2c00 cars at Chicago and one for 400 al
| Pittsb,irg, one for an arnored ship at Ches-
ter, many for small buildings and for 81
| Vincent's hospital and three school houses
here many for bridges with some for tbs
drainage canal at Chicago, a. lively deman,
| for hoops aud q large export business Will
| a quantity OF bars for Ais. Woolen mills
| generally have orders tor three months
ahead. are not seeking further engage
ments. Large sales of speculative lots o
Al I. lxns
may be a year before the mills need turtle
orders. year ago the price began Il
mount with heavy speculation and has riser
| 80 per cent without any reaction in quota
tons, while the rise In goods averages bu
IA per cent. The decline in cotton and tn
lslow demand for goods, owing In part 4
warm weather, have led cotton mills 10 con
fer about curtailment of production an
further reductions have been made II
brown sheetings and drills, prints. and b.
jobbers In bleached goods.
Cotton declined an eighth to 5.S7 for mid
ding uplands and both exports and TAX
ings OF spinners have been large, Whea
dropped over cents, but has since riser
as much, with heavy buying for export
| Western rec sipts continue heavy, In tw
weeks being 14.oss,ao7 bushels. agains
TO- S1. 1872 last year. while Atlantic exports
-four included. have ncen e,5S2,925 bushels
against 1921 ,23i last year. An Englisl
authority reclors the world's Yield at l6l.
100000 bushsls less than last year. which
would mean market for all this ccuntr,
has to spare Corn exports nre ngail
larger than last year, and the price ha
risen ! SIS cents. Later prices OF meat
do not Indicate that farmers have ne ye
much Inducements Ia save corn for feed
ing.
failures for the week have been POI Il
the United States. against 276 last year
and "a In Canada, against IS last year.