The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-10-30
DUN'S WEEKLY REVIEW.
LARGE ESTIMATES OF COTTON YIELD
CAUSES A DECLINE.
Sales of Wool Have Sharply Decreased'''
Print Cloths Fall to the Lowest Point IL
the History Of the Marlset---Corn DeclineA
a Small Fraction.

r. G. Dun & Co.'S weekly review OF
trade Saturday says: After the heav-
lest buying ever known in many
branches during September and the /
first half of October, it was both natu' 1
ral and desirable that a more quiet
period should give time for testing the
size and temper of retail trade and for.
distributing part OF the enormous guam
titles bought. In textile goods the
rush of orders went far beyond distrl'
bntlcu demands in August and repre-
sented great replenishr,ent OF stock,
and the similar rush for goods has been
correspondiugly great in. other lines
during the past two months. In IRON
ianaE steel and in boots and shoes there
was:eetual danger Of speculative in
aition of prices, such as was seen IN
'05, but it has been avoided, apparent.
~, for this season by the solid sense OF
leading men, who. regard the time OF
comparative dulness as essential to the
coming aud permanence OF prosperity
! in their lines. As the buying for re-
plenishmeut is partly satisfied and
diminishes thereiTis some decrease III
the volume Of transactions, though At
the same time the working. force has
further increased; the wages of labor
! have been, in numerous cases, ad'
vanced, and. the foundation laid more
broadly every week for larger buying
and business hereafter.
The iron industry waits, because
possible production for the year, has
! been practically ordered, while neither
Buyers nqksegs regarapontraots ~
4,ourrent prices Tor ne1t:year's business
as quite safe. Bessemer pig.is shade
weaker at $40 40, grey forge, at $9.o0
at Pittsburg, while blllets are hard to
get at any price, owing to the, ptoppage
Of only two works Of moderate size,
80 much has the current demand come
to exceed production. Sales OF war
rant pig ironat Philadelphia Csc belo"
is not in fact 4 decline. New business
in finished products Is almost of neees
: city smaller, since manufacturing
4 works are nearly 'all'full for month";
ahead, the plate mills at the West &c
full that they could not compete at all
for-three Rockefeller vessels requiring
$500 tons each; the demand for bars i
The best for long time, and contracts
stsSbr the East river bridge, for numerou
new buildings and for railway bridge
are still pending. Anthracite ccal i
sold at 4. 15,in New Yorl. harbor, or 20
below. the circular, and conseryativ
estimates make the years output ~,
:. 500, 900 tons. The only noteworthy
feature in minor metals is a sensational
collapse in lead OF 30 points, with sale
|. Of 5000 tons. >.
. The severe decline in cotton, to 81
cents from 8.25 August 30, is due t
| widespread confidence in the large es
] Inmates of the yield. A natural conae
quence is the fall of print cloths to tn
: lowest point in the history Of tn
market, 237 cents, and cotton good
r generally are easy. with limited sale
+ of staples All WOODEN goods are firm
, but there is no new business OF not
for spring, outside of dress goods
o Sales of wool have sharply decrease
j. again in Boston, amounting to only 8
q 043, 900 pounds, against 4.1l3,00
u pounds the last week in September
a aud tie week there was the dulle'
}. since January l. Some large Offering
d were made to realize profits befor
prices fell, Lut quotations RENAME
q unchanged. At 10 buyers we're nj
, disposed to take hold. The produ
q market acted with as little apparel
reason as usual Wheat advanced 24
t. and corn declined small fraction.
e Failures for the week we're 224
II the United States against 274 last ye'
y and 36 in Canada against 50 last yea