The daily morning journal and courier. [volume] (New Haven, Conn.) 1894-1907, 1897-11-20
WEEKLY REVIEW OF TRADE
MARKETS and INDUSTRIES Work
ING TOWARD THANKSGLYING.

MARKETS and INDUSTRIES Work
ING TOWARD THANKSGLYING.
Colder Weather Has Done Much to Ac-
ce1erate Retail Trade so Long Delayed in
Many Lines by Unusually Mid Weather
confidence Growing That Business
Will be Greater Next Year Than Now.
New York, Nov. 19-R. G. Dun &
Co.'S weekly review of trade: All
markets and all industries are work.
ing toward the period of Thanksgiving,
of stock taking and of holidays. Cold
er weather has done much to accelerate
retail trade, SO greatly delayed in many
lines by unusually mild and open
weather. In spite Of this delay, and
the idea that it may render prices
more favorable to buyers, dispatches
to-day from all parts Of the west and
south show large volume of business,
and though fever at the south binders
and stock speculation here does not
swell clearings as it did five years ago,
the payments through clearing houses
are for the month only is per cent.
less than in 1892, and for the week out
side New York IL per cent. larger.
The producing force increases on the
whole, and many manufacturers are
unable to take all the orders offered,
while others are committed far ahead
as they are willing to be. The output
in several great industries is consider
ably the largest ever known, and con-
'fidence in yet greater business next
year is undated.
Wheat has advanced cent during
the week, and small fluctuations have
been due to reports about Argentine
rather than to the heaviest exports
ever known. Atlantic exports, flour in
cluded, have been in three weeks in
November 9,799369 bushels against g.
052,1 last year. Corn exports have
been 7,O1O,O41 bushels against 6,441 6S6
last year. Cotton declined to 5.S1 cents
with heavy receipts, but closed at 5.S7
with better foreign demand and with
frosts which have lessened the pros
poets of a heavy movement later.
Iron products have changed but
slightly in price, with wire nails and
rods shade lower, and while the con-
sumption of pig iron is the largest ever
known, works in some branches are
receiving orders equal to teheir output,
while others have orders so far ahead
that they are unable or unwilling to
take more.
Anthracite coal continues weak, with
sales at 81 net here the production in
october having been 5,120,000 tons. Tin
is sustained by large consumption, lead
is little lower at 3.75 and break in
spelter has reduced the price at Pitts
burg to 405. The boot and shoe man
ufacturers, Notwithstanding extreme
narrowness Of orders for spring, is so
busy meeting immediate demands that
shipments from Boston in November
have been third larger than in 1892,
and total shipments this year have now
surpassed those of any previous year
to date, those of 1892 by about 10 per
cent. While the buying is restricted
to needs of dealers the distribution to
consumers must have far exceeded ex-
pectations. Considering the curtailment
of dealings with the south the move
ment Of products is remarkable. Hold
ers of leather still confidently hold
prices, and quotations average slightly
higher this week, as do hides at Chica.
go.
The wooden market is embarrassed by
the delay Of winter weather, which re.
tards orders from clothiers, although
most works have enough for some time
ahead, and while cold weather ant
active retail trade would quickly bring
a change, prices Of wool are so higf
that some mills have stopped part o.
their looms. Cases are mentioned O.
mills which could realize profit O.
100000 or 100000 by selling the WOO
they hold, but can expect none by
manufacturing at current prices. Woo
markets have become stagnant ant
sales are almost wholly to realize spec
ulative profits, amounting at the three
chief markets to only 4,123, 900 pounds
for the week. Cotton goods continue
weak as raw material declines, an6
goods are rather lower.
Failures for the week have been 26,
in the United States against 344 last
year, and 80 in Canada against 40 last
year.