Griggs courier., 1897-10-01
BUSINESS OUTLOOK.
Trade in Staple Lines Shows Quite
q Falling OF
Fever Quarantine Brings Business to
Standstill In the Soath-Imp0rts
of Gold by England and
France Are Heavy.
New York. Sept. 2s.-Bradstreet's

says:
''There is check to the inward sweep Of
demand In staple lines noticeable through
out the country for the past six weeks. The
yellow fever quarantine. which extends
from Texas to Georgia. has brought whole.
sale business to practical standst1ll
throughout the greater portion OF the re-
gion embraced by the gulf states At cen--
ters Of distribution In eastern, middle ana
central western states. the recent activity
in dry goods, hats and hardwars had fallen
of. but at the northwest and on the Pacific
free distribution Of merchandise continue
to be features. Demand for heavy textile
fabrics has been stimulated by colder
weather, and st. Louis merchants say the
yellow fever scare will have no eject upon
trade at that city. as southern merchants
had supplied themselves there before the
quarantine was enforced. The outlook for
business in parts of Texas. Arkansas, Ten
nessee and Georgia is for much duller
season than had been expected. Favorable
features of the week are found In sharp ad-
vances in prices for iron and steel, heavy
sales Of Bassemer pig iron. steel biuets and
rails and prospect that iron and steel
prices will go higher in the near future.
Wool is also higher and woolen goods for
1888 delivery are up ten and Is per cent,
vance. The increased volume Of general
trade Is also stimulated by the continue
uous heavy movement Of cereals to
tide water. the almost unprecedented large
quantities exported each week and the In
creased number Of people finding employ
ment in industrial and commercial lines as
compared with year ago together with
the tendency Of gold to come here from
abroad"
Dun's Review.
r. G. Dun & Co., in their weekly re-
view Of trade, say:
"Gold imports have begun direct from
England and France. besides the arrival OF
3, 100000 at San Francisco from Australia
for wheat exported. The gold received
Ss.5oo0oo in two days. and the advance Of
its rates by the Bank Of England to 2h per
cent. seems little likely to check the
movement, In view of heavy merchandise
balances due to this country and rise in
the rate Of interest here. The August ex-
over imports was not far from 81. .0o0, 900.
and the September excess will evidently
be larger, unless shipments Of gold are
considerable. Merchandise exports from
New York In three weeks Of September
have been 1873 per cent. over last years and
on the whole trade for the month would re-
suit in net exports Of $5s. 900. 900 merchandise.
besides silver.
Markets Uncertain.
Produce markets have been uncertain.
closing fraction higher for both wheat
and corn. while the decline in cotton con-
tinues. With SA cents paid for spot at the
end Of August, cotton has dropped 1h
cents or Is per cont. in less than four weeks,
In spite Of remarkable revival Of manu-
facture. Fever In some southern cities has.
not been largely influential and the main
factor has been q general impression that
estimates are az misleading a. they were.
when the yield was the greatest on record.
trade IL only l.75o. 900 bushels. but is
coupled with figures tending to show a
surplus from the last crop Of 100000 900
bushels over ordinary consumption. Were
this quite believed. the price would not be
rising. although exports continue heavy,
in three weeks 9.9z7.s49 bushels, against
6,150,187 last year. Wheat has gained q.
fraction for the week. While Atlantic ex-
ports. flour included, for three weeks have.
been 12,49S.1M bushels. against 6,1s3.7l3 last
year. Western receipts are exceeding last
year. and foreign estimates now agree in
making the probable requirement from this,
country over 100. .000. 900 bushels greater than
last year.
Puts Thousands to Work.
''The Official ending Of the western coal
strike adds many thousand men to-
the working force in the mines and others
in manufactures using bituminous coal.
The anthracite strike has substantially
ended and no extensive labor disturbance,
is threatened. The output Of coke is now
l25.000 tons. and the price IL also advanced.
Failures for the week have been 10e in.
the United States. against 315 last year,
and y In Canada. against 50 last year"