Daily new dominion. [volume] (Morgantown, W. Va.) 1897-1906, 1897-10-30

New Y0aN, Oct 80 r. G.. Dun 81
Co 3 Weekly Review OF Trade issued
today SAYS: The testing of retail trade
is in progre s, but results are remark
ably retarded by long continued mild
weather and also by the fever in south
ern dis r1cts. Even from that quarter
some large orders lately received show
better distribution than was yet ex-
pected. IN spite of unseasonably warm
weather. which greatly hinders retail
dealings in winter goods at all points
east of the plains, the large number of
supplementary orders, with pressure
for quick delivery, make it clear that
the sales in many branches have ex-
ceeded the expectation of dealers, so
that replenishment of stocks is not yet
finished. Meanwhile wholesale trade
and orders 70 manufacturers have been
smaller than when the rush was great
est, but have nevertheless been large
for this stage, even in year OF gen.
eral prosperity. for the payments
through the principal clearing houses
have for the week been 80 per cent
larger than in the same week of 1892
and for the month 81 per cent.
Heavy engagements for outgoing
wheat, covering 100000 bushels this
week, effect the monetary prospects but
still more the produce markets, for the
Atlantic exports are large already
1864, 649 bushels (hour included),
against 2.344,S44 for the same week
last year. and in four weeks ID. 904, 557
bushels. against 9,8l7,05S bushels last
year. Western receipts are not quite
equal to last years for the week, but
have Teen 37,969,29S bushels for four
weeks against %. 756, 644 last year.
The market advanced 30 cents with
No. red actually sold above S here
while speculation at ST. Louis is push
ing prices yet higher.
The possibility that foreign exports
may be checked is not to be overlooked,
but the heavy engagements besides ex-
ports for four months past prove that
foreign needs are real and large. The
corn movement was smaller, though
exports fell only $780, 900 bushels below
last years and the price advanced but
slightly.
Wool markets have become quiet IN
stead of 100000 pounds reported sold
i'll Boston in the last week of Septem.
Der, 1900, 900 the next week, $500, 600
the second week of October and 5000,
2,710,000. and at three chief markets
5,231, 300, making the aggregate for the
month $500, coo pounds, against over
66,000,000 pounds IN September. Prices
are well maintained. although to 3
cents below, but occasional heavy sales
indicate concessions 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 we'll engaged ahead and
induces others to resume operations.
Both buyers and manufacturer find it
prudent to limit engagements ahead
and the period of adjustment will make
the industry safer for some time to
come. There Is great pressure for
speedy deliveries. but some abatement
of demand. with slightly lower prices,
for nails. Tin is some little weaker and
copper at / cents for lake and compe-
tition of home producers lowers tin
plates to So. 10. The coke output is
larger, 149 553 tons weekly, at the
anthracite coal is weaker, offered here
at S4.05, against $4.35 named in cir
cular.
Failures for the week have been 219
in the United States, against 270 last
year and % in Canada, against 40 last
year.