The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-11-13
WINTER MAKES TRADE WHIRL.
RETAIL BUSINESS ON A BOOM IN
THE NORTH.

Dtstribution to Consumers Already
winch Beyond the Expectations of
dealers - Fever and Quarantine
Denress business In the South.
PAYMENTS Through Clearing
Houses as Large as in 1892, and
railroad Earnings Nearly Up to
Those of 1892.
New York, Nov. PR. G. Dun & Cos.
weekly Review of Trade, will say in it's
issue of tomorrow: colder and more
stormy weather, so long needed to aceel-
crate distribution of winter goods, has
materially helped in some quarters, and
the resulting Improvement in retail trade
is mentioned in nearly every northern dis
match this week, so that orders to fill
stocks have been encouraging, and in
some branches the multitude of demands
for immediate delivery show that the dis
tribution to consumers has already gone
much beyond the expecta tons of dealers.
But this is not yet the general rule.
and with many complaints of delayed
trade from other quarters there still re-
mains the extensive shrinkage caused by
fever and guarantees at the south. 1t
is therefore the more surprising that the
volume of all payments through clearing
houses continue about as large as in 1892,
and 1871 per cent. larger than last year.
Railroad earnings also nearly equal those
Of 1892, for the first week of November,
and half the mileage in the United States
shows earnings in October of $50, 5S4, 1885, or
per cent. larger than last year, and
% per cent. larger than in 1892.
Speculative markets feel disappoint-
ment because prices do not rise farther and
faster, but it is fortunate for producers
and dealers that the experience of some
past years in that respect has not been re-
peated. There is nothing to cause general
reaction. The purchasing power of the
people is gradually increasing and after
the lull which follows extensive replenish-
ment of stocks, trade should give ample
evidence of that increase
THE output of iron furnaces Nov. was
2l3, 159 tons weekly, against 200,129, Oct. /,
a gain of 81 per cent, and unsold stocks
decreased As, $3.50 tons in October, Indicating
a larger consumption in manufactures
than ever before, even when the output
of pig iron was pushed by swiftly advanc-
ing prices to the highest point 2l76S2 tons,
Nov. /, 1885, Prices of iron products rose
that year 55.3 per cent, but are now not
4 per cent. higher than June 9. The enor-
nous output, with some more furnaces
started in November, causes but a slight
decline in, Bessemer pig, $1025 at Pttsburg,
with no decline in other pig there, at the
east or Chicago. and no fall in prices of
finished products, except a shade in an
gles While most works have orders for
the rest of the year, apd in sheets and in
some other branches are far be-
hind in deliveries, new orders are
few, but include one for g.
600 cars at Chicago, and one for 400 at
Pittsburg; one for an armored ship at
Chester, many for small buildings and for
st. Vincents hospital and three school
houses here, many for bridges, with some
for the drainage canal at Chicago, lively
demand for hoops and large export bus
mess, with a quantity of bars for Asia.
"Woolen mills generally have orders for
three months ahead, and are not seeking
further engagements. Large sales of spec
ulative lots of wool, at prices not stated,
suggest that it may be lower before the
mills need further orders. A year ago
the price began to mount with heavy spec
ulation, and has risen SO per cent. with
out reaction in quotations, while the rise
in goods averages but IA per cent.
1.-The decline in cotton, and the slow de-
mand for goods, owing in part to warm
weather, have led cotton mills to confer
about curtailment of production, and
further reductions have been made in
brown sheetings and drills, prints and by
iobbers in bleached goods.
section declined an eighth to 5S7c for
middling uplands, and both exports and
takings of spinners have been large.
t'Wheat dropped over 2 cents, but has
since risen as much with heavy buying
for export. Western receipts continue
heavy in two weeks 14,O2S0O7 bushels,
against 1851, 1872 last year, while Atlantic
exports, -four included, have been 1852 OPS
bushels. against 1921 231 last year. An
English authority reckons the worlds
yield at 161. 100000 bushels less than last
year, which would mean a market for all
this country has to spare.
Corn exports are again larger than last
year, and the price has risen 15sc
Later prices of meats do not indicate
that farmers have as yet much induce
ment to save corn for feeding.
Failures for the week have been 291
in the United States, against 276 last
year, and "a in Canada. against 46 last
year."