The morning news. [volume] (Savannah, Ga.) 1887-1900, 1897-10-30
AS BUSINESS LOOKS TO DUN.
Wholesale ORDERS HAVE BEEN
OF MUCH SMALLER VOLUME.

Many Branches Have Exceeded
Expectations Heavy Engage
ments for Outgoing wheat for
This Week-The Fall In Cotton At
trfbuted to the Fever and the
Large Volume Yet TO Come For
ward Wool Market Has Been
Quiet-Demand for Iron and Steel
Keeps Works Engaged.
New York. Oct. 29-R G. Dun & Co.'S
Weekly Review of Trade tomorrow viii
say: The testing of retail trade is in
progress. but results are remarkably re-
tarded by long continued mild weather,
and also by the fever in southern districts.
Even from that quarter some large orders
lately received show better distribution
than was yet expected. In spite of I'M
seasonably warm weather which greatly
binders retail dealings In winter goods at
an points east of the plains. the large
number of supplementary orders with ur-
gent pressure for quick delivery, make it
clear that the sales in many branches
have exceeded the expectation of dealers,
so that replenishment of stocks is not yet
finished. Meanwhile, wholesale trade and
orders to manufacturers have been small
er than when the rush was greatest, but
have, nevertheless, been large for this
stage, even in year of general prosperity
for the payments through the principal
clearing house have been during the week
80 per cent. larger in the same week of
1892, and for the money 81 per cent. Heavy
engagements for outgoing wheat, cover
ing 10000 bushels this week, affect mon
etary prospects, but still the produce mar
kets for Atlantic exports are large, al
ready 1886 bushels, flour included,
against 234,SH for the week last year,
and in four weeks IS 9O4,557, against $751;
O5S last year. Western receipts are not
quite equal to last years for the week,
but have been p, 969, 2SS bushels for four
weeks, against 2S, S566A last year. The
market advanced PIC, No. red actually
sold above 81 here, while speculation at
st. Louis is pushing prices yet higher.
The possibility that foreign exports may
be checked is not to be overlooked, but
the heavy engagements. besides exports
for four months past, prove
that foreign needs are real
and large. The corn movement was
smaller though exports fell only 100000
bushels below last years, and the price
advanced but slightly. The fall of cotton
to 6 cents for spot and 5.SSc for January,
making the price the lowest since March
a. 1895, and not half a cent above the low
est for nearly half a century, is partly due
to embarrassments caused by the fever,
but also Indicates the prevailing belief
that the quantity to come forward is
I I,,-
come into sight than from the greatest
crop ever grown, In spite of delays caused
! by guarantees, but the unfavorable con-
ditions about the time of maturity render
1t less likely than usual that the crop win
| be satisfactory so that receipts may drop
off earlier than usual. On the other hand
/ it is to be noted that extensive labor
troubles threaten the manufacturer in
England, while the lowest price ever
known here for print cloths reflects a
heavy accumulated stock of other goods as
well. The increase in production by the
| mills has been over 40 per cent. in ten
/ years, far beyond the increase in popula-
ton, and they consumed almost as much
cotton in the last crop year, with material
ly diminished demand for goods as in the
| most prosperous years heretofore.
Wool markets have been more quiet
| Instead of 100000 pounds reported sold
| in Boston last week of September, 100000
/ the next week. D+Ouo,plV the second week OF
| October and 100000 the third week, sales
| have been but 2,7100O0, and at three chief
markets 5,23l, 300. making the aggregate
/ for the month 36,394O9O pounds, against
/ over 66,O00,0o pounds in September. Prices
/ are said TO be well maintained, though 2
/ TO cents below former asking prices, but
| occasional heavy sales indicate concession
! for liquidation of speculative lots. The
market for goods is not active, as prices
| have been so far advanced as to hinder
/ buying, in many cases Intentionally, until
| the future is more clear, and the mills
/ have ahead quite as large contracts as
| they just now desire.
The buying of iron and steel products
/ though smaller than of late, continues to
! keep works weH engaged ahead, and in
| duces others to resume operations. Both
/ buyers and manufacturers find 1t prudent
/ to limit engagements ahead and the pc
! riod of adjustment will make the indus
try safer for some time to come There
| Is great pressure for speedy deliveries
! but In bars and wires some abatement of
demand, with slightly lower prices for
| wire nails. Tin is a little weaker, and
! copper at II cents for lake and COMPETE
/ ton of home producers lowers tin plates
! TO $40 The coke output is larger 149. $50
/ tons weekly, but anthracite coal is weak
er, being offered here at $405, against
/ S4.55 named iR circulars.
| Failures for the week have been 219 in
| the United States, against go last year
and % In Canada. against 40 last year"