The daily morning journal and courier., 1897-11-13
TRADEHELPEDB BY WEATHER
COLD AND STORM ACoELERAT1D DISTRIBUTION OF WINTER GOODS.

The Output of Iron Furnaces Shows il De-
 cided Increase and the Boot md Shoe
 Manufacture surpasses All Records in
 Shipments from the East for November.
 New York, Nov 12.-R. G. Dun & Co
 in their weekly review of trade will say: Colder and more stormy weather
 so long needed to accelerate distribu- tion of winter goods, has materially helped in some quarters, and the re- sulting improvement in retail trade is mentioned in nearly every northern dis patch this week. so that orders to fill stocks have been encouraging. and in some branches the multitude of de- mands for immediate delivery show that the distribution to consumers has already gone much beyond the expecta- tions of dealers. But this is not yet the general rule, and with many complaints | or delayed trade from other quarters | there still remains the extensive shrink age caused by fever and quarantines at l the south.
 | It is therefore the more surprising | that the volume of all payments | through clearing houses continues about as large as in 1892. It is 16.7 per cent. larger than last year. There is nothing to cause general reaction. The purchas- ing power of the people is gradually in creasing, and after the lull which fol- lows extensive replenishment of stocks trade should give ample evidence of that increase.
 The output of iron furnaces Noyem- Der was 213,159 tons weekly against 200,l29 October 1, a gain of 65 per cent. and unsold stocks decreased S,S90 tons in October, indicating a larger con- sumption in manufacture than ever be- fore, even when the output of pig iron was pushed by swiftly advancing prices to the highest point, 217,682 tons, Mo- vember 1, 1895.
 The boot and shoe manufacture also surpasses all records in shipments from the east in November which have been 2! per cent larger than in 1892, and the total for the year is not one per cent. below the greatest ever known.
 While new orders for spring are few. the works are kept we'll employed In meeting the deficiency in past orders for winter, which seem far below the distribution to consumers shown by the host of urgent demands. The ad- vance in prices is paid on many, while others are credited against spring or ders leaving manufacturers in stronger position.
 Woolen mills generally have orders for three months ahead, and are not seeking further engagements. Large sales of speculative lots of wool at prices not stated suggest that it may be lower before the mills need further orders year ago the price began to mount with heavy speculation, and has risen 69 per cent. without reaction in | quotations while the rise in goods ay- erages but IA per cent. The decline in | cotton and the slow demand for goods. | owing in part to warm weather have led cotton mills to confer about curtail- l ment of production, and further reduc- | ttons have been made in brown sheet ings, drills and prints, and by iobbers in bleached goods. Cotton declined an | eighth, to 5.S7 cents, for middling up- lands, and both exports and takings of spinners have been large.
 Wheat dropped over two cents. but N-N~N ~NNN~S buying for export. Western receipts continue heavy, in two weeks IA, OPS, ,OO7 bushels, against 10,5S1,192 last year. While Atlantic exports, flour included. nave been 6562,025 bushels, against B. 921, ,231 last year. An English authority reckons the worlds yield at 161, ,0O0, 900 bushels less than last year, which would mean a market for all this country has to spare. Corn exports are again larg- CT than last year, and the price has ris- en IS cents. Later prices of meats do not indicate that farmers have as vet much inducement to save corn for feed ing.
 Failures for the week have been 291 in the United States, against 276 last year, and "A in Canada, against 46 last year.