The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1897-10-20
Review of Business by Dunn.
New York. Got. 1a-R. G. Dunn
& Co 3 Weekly Review Of Trade will

s. Co 3 Weekly Review of Trade will
Say tomorrow
Foreign trade in September. the
heavy increase 10 iron production and
consumption and the largest payments
through clearisgs ever known in Octo-
Der, are indications which outweigh
hesitation 10 some markets. The in
crease in employment of labor has con-
tinued, with further accounts daily of
works opening. increasing force Of
hands. or raising wages. aud at every
point where acsnal production can be
tested it appears greater than ever be-
fore Eforts by the Bank Of Eogland
have delayed further gold exports, but
with cotton movement rising large,
shipments to this side are deemed cer-
tain and not distant. More gold, how
ever. means less just DOW than more
iron.
The output Of pig iron October /
was x200,l2 tons weekly, against
112, 1872 year ago, the increase since
July / haveing been 22percent. Unsold
stocks have been reduced at the rate of
1921 soos weekly in September. To-
dica.ing consumption exceeding 232,-
900 weekly. which rs about 10000
greater than ever before aud 40 per
cent. greater than three months ago.
Prices Of pig iron holds steady. though
the production has been further in-
creased since October /. aud prices Of
finished products gradually rise, With
especially heavy demands for plates,
rods, bars, while another contract bas
been taken by the Illioois Steel COM
paDy to deliver 80. 900 tons steel rails
for Japan. and the Pennsylvania COM
pany has bought 81. 600 tons.
Ore shipments on the lakes surpass
sll records. The Rockefeller company
has contracted for another stea-
mer With two consents to carry 90
900 tons, the largest ever built for the
lakes. Makers of black sheets have
raised the price for No. % to 81 10
and wire nails are 5 cents higher, the
average Of iron and steel products ris-
log 6 per cent. for the week to the
highest points since April 9th. Tin
plates are cheaper at So TO-. with
enormous production and copper at
IL IL cents for lake, with lead at 4.10,
but tin is fairly strong.
The cotton mills report producing as
largely as cheap cotton invites. aud
with moderate demand print cloths are
lower at 2 a cents aud some grades Of
other goods are slightly reduced.
Sales Of wool foe speculation have
largely decreased. but mannfacturere
do not 6od that current prices are war;
ranted by their market for goods.
though ie is strong aud advancing.
Sales Of woo for two weeks have been
"a. .331 600 pounds at the three chief
markets. Of which 1887. 800 we're
domestic aud while quotations are
maintained, large lots previously with
drawn are now offered. The de-
mand for spring goods is limited but
the prices of some qualities have ad
vanced shade further There is also
some quiet contracting already for
heavy weights.
Whsa. has been fairly steady, but
noviog more largely than last year
from the farms aud from the country
Western receipts we're 1850, ,o54
bushels 10 two weeks of October.
against IA. 4.235, Ole last year, and At
lantic exports 6, ,463 .401 bushels, -four
included. agaiust 4,747,854 last year.
while corn exports we're 3,262,3S7
against 8 3,309. .925 last year. Septem.
Der exports of wheat surpass all rec
ords, amounting to 25. 1858, 838 bushels, !,
against II $40. SIS last year. owing to
high prices the value being over LOO
per cent. larger for all breadistuffs. The
price of wheat has declined 3-4 of cent
aud of corn ! per cent, With the gov
erpment report of yield exceeding
1900, 100000 bushels Cotton has
declined 3-l6, to 6 81 cents for epo..
some authorities of repute having pub
lisbed estimates that the yield would be
$500, 900 bales, but the movement is
yet retarded by the fever.
Failures for the week have been 223