The leader., 1897-11-24
DUN'S TRADE REVIEW
Trade and Industries Working To-
wards Thanksgiving.
COLD WEATHER BRINGSNEW BUSINESS.
The Producing Forces Increase on tho
Whole and Many Manufacturers
are Unable to Take All the
Orders Offered.

New YORK, Nov. 2O.-R. G. Dun ~
Co.'S weekly review of trade says:
The markets and all industries are
working toward the period Of Thanks
giving and of stocttalting and of holt
DAYS. Colder weather has done much
to accelerate retail trade, so greatly
DELAYED in many lines by unusually
mild and open weather. The produc-
ing forces increase on the whole, and
many manufacturers are unable to
take all the orders offered, while 9TH
ers are committed as far ahead as they
are willing to be. The output in sew
eral great industries is considerably
the lagest ever known, and the conf
dence of great business next year is
una bated.
Hesitation in speculative markets is
in part because an immense capital
has been turned from them to invest
ment in productive enterprises.
Wheat has advanced cent during
the week and small fluctuations have
been due to reports about Argentina
rather than to the heaviest exports
ever known. Atlantic exports of
wheat, flour included, have been in
three weeks of November 9,799, 500
bushels, against 6,052 1906 last year,
and in the crop year thus far over &c.
900, 900 bushels, while the western re-
ceiptS have been in the three weeks
21,213, 900 bushels, against 4.796, SSS
last year. Corn exports have been
700, Ola bushels, against 8, AL, Cos last
year.
Cotton declined to 5Sl cents with
heavy receipts, but closed at 5.S7 with
better foreign demand and with frosts
which have lessened the prospect of a
heavy movement later.
Iron products have changed but
slightly in price with wire nails and
rods n shade lower, and while the con-
sumption of pig is the largest ever
known, works in some branches are
receiving orders equal to their output
while others have orders SO far ahead
that they are unable or unwilling to
take more. There Is less activity in
bars at the east but healthy demand
at the west for building and other
uses and rails are in larger demand
there, while some eastern works have
recently taken orders for months
ahead.
Sheets are active and competition re-
duces the per cent. of tin plate little
further. Gray forge is slightly lower
with eastern and Chicago prices I'M
changed, Notwithstanding the great
output, and stocks are being further
l,a .
tons for the week with furnace selling
at Sl.75 for the rest of this year.
Anthracite coal continues weak with
sales at 81 net here, the production in
October having been 5, 1870, 900 tons.
Tin is sustained by large consumption,
lead is little lower at S.. 10 and a
break in spelter has reduced the per
cent. at Pittsburgh to 405.
The wooden market is embarrassed
by the delay of winter, which retards
orders from clothiers, although most
works have enough for some time
ahead and while cold weather and ac-
tive retail trade would quickly bring
a change, prices of wool are SO high
that some mills have stopped part of
their LOOMS Cases are mentioned of
mills which could realize profit
of $500 900 to $780, 900 by selling
the wool they hold, but can
expect none by manufacturing at cur
rent prices. Wool markets have be-
come stagnant, and sales are almost
wholly to realize speculative profits,
amounting at the three chief markets
to only 4,213, 900 pounds for the week
Cotton goods continue weak as raw
material declines, and goods are rather
lower.
Failures for the week have been 267
in the United States, against 1874 last
year, and 81 in Canada, against 40 last
wear.