The age-herald. [volume] (Birmingham, Ala.) 1897-1902, 1897-10-30
WEEKLY REVIEW OF TRADE
Most important Feature Was in
Wheat.
IT SOLD ABOVE ONE DOLLAR
And Exports We're More Than Double the Cor
responding Week Last Year-lron-
makers Are Cautious.

New York, oct. 29.--R. G. Dun & Co.'S
weekly review of trade will tomorrow
say:
The testing of retail trade is in pro-
gress but results are remarkably re-
tarded by long continued mild weather
and also by the fever in Southern dis
tricts. Even from that quarter some
large orders lately received show better
distribution than was yet expected. In
spite of unseasonably warm weather
which greatly binders retail dealings in
winter goods at all points east of the
plains the large number of supplemsn
tary orders with urgent pressure for
quick delivery make it clear that the
sales in many branches have exceeded
the expectations of the dealers SO that
replenishment of stocks is not yet fin
ished. Meanwhile wholesale trade and or
ders 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 prosper
ity, for the payments through the prin-
cipal Clearing houses have for the week
been 3.9 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 affect monetary prospects, but
still more the produce markets for the
Atlantic exports are large, 3,S64,649
bushels (hour included) against 2,344, S44
for the week last year and in four weeks
1890, 557 against 9.S17,O5S last year. Yves
tern receipts are not quite equal to last
years for the week. but have been 27,-
1863, 2SS for four weeks against 2S,756,644
last year. The market advanced 21a
with No. red actually sold above 81
here, while speculation is pushing prices
yet higher. The possibility that foreign
exports may be checked is not to be
overlooked, but the heavy engageme mt
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 adj
yanced but slightly. 49,.
The fall of cotton TO cents for spot
and 5.SSc for January. making the price
the lowest since March IA, 1895, and not
half a cent above the lowest for nearly
half a century, is partly due to embar-
rassmen,s caused by the fever, but also
indicates the prevailing belief that the
qua nifty to come forward is large. Fer
two months more cotton has come in o
sight than from the greatest crop ever
grown in spite of the lines drawn by
quarantine, and unfavorable condf, ions
about the time of ma tuTity render 1t less
likely than usual that the top crop will
be satisfactory, so that rec ipts may
drop off earlier than usual. On the other
Dor troubles threaten l.he manufacture
in England, while the lowest Srice ever
known here for print cloths rejects a
heavy accumulated stock of other goods
as we1l. The increase in production by
The mills has been over 40 per cent. in
ten years, far beyond the increase in
population, and they consumed almost
as much cotton in the last crop year,
with materially diminished demands for
goods. as in the mos. prosperous year
heretofore.
Wool markets have become quiet In
stead of 100000 pounds reported sold
in Boston in the last week of Septem-
Der, 100000 pounds the next week; g.
100000 pounds the second week in Octo-
Der and 100000 pounds the third week,
sales have been but 2,710,00o, and at three
chief markets 5,231, 300 pounds, making
the aggregate for the month 1884, 090
pounds, against over $4,000, 900 pounds in
September. Prices are said 70 be well
main tained, though to cents below
former asking prices. but occasional
heavy sales indicate concessions for Ii