The true Democrat. [volume] (Bayou Sara [La.]) 1892-1928, 1897-11-20
GREEN BUSINESS corr
DUN'S WEEKLY REVIEW.

DUN'S WEEKLY REVIEW.
COLDER WEATHER ACCELERATES DIS.
TRlBUTI0N OF WINTER GOODS.
Wooden Mills Generally Have Orders TO,
Three Months Ahead and Are Not Seek
ing Further Ensagements..A Slight De-
cline in Cotton. d.
R. G. Dun & Co.'S. weekly review Of
trade dated Saturday, says: Colder and
more stormy weather, so long needed
to accelerate distribution of winter
goods, has materially helped in some
quarters and the resulting improve
ment in retail trade was mentioned in
nearly every northern dispatch last
week, so that orders to fill stocks have
been encouraging and in some
branches the multitude of demands fol
immediate delivery show that the dis.
tribution to consume has al1eady gone
much beyond the expectations of deal
els. But this is not yet the general
rule and with many complaints of de-.
layed trade from other quarters there
still remains the expected shrinkage
caused by fever and guarantees at the
South. 1t is, therefore, the more sur
prising that the volume of all pay
ments through clearinghouse con.
tinues about as large as in 1892 and
1877 per cent. larger than last year.
Railroad earnings also nearly equal
those of 1892 for the first week of
November and half the mileage in the
United States shows earnings in October
of $50, 354, 1876, or so per cent larger.
than last year, and % per cent. larger
than 1892. Speculative markets feel
disappointment because prices do not
rise farther and faster, but it is fortu.
nate for producers and dealers that the
experience of some past years in that
respect has not been repeated. There
is nothing to cause general reaction,
the purchasing power of the people 10
gradually increasing: and after the lull
which follows active replenishment Of
stocks trade should give ample evidence
of that increase. The output of iron
furnaces November ] was 213, l59 tons
weekly, against 200,129 October l, q
gain Of 81 per cent. and unsold stocks
decreased 48, $50 tons in October indi.
eating larger consumption in manu-.
features than ever before even when the
output Of pig was pushed by swiftly
adva CHG prices to the highest point,
2l7, 686 tons, November l, 1895. Prices
of iron products rose that year 55.3
per cent. but are now not four per
cent. higher than June 8.
The enormous output with some
more furnaces started in November
causes but slight decline III Bessemer
| pig to $l0.25 at Pittsburg, with no
decline in other pig there. at the East
or Chicago, and fall in prices of fin.
iehed products except shade in angles.
While most works have orders for the
rest Of the year and in sheets and some
other branches are far behind in deliv-
cries, new orders are few but include
one for 1000 cars at Chicago, and
one for an armored ship at Chester,
many for email buildings and for St.
Vincent's Hospital and three school
houses here, many for bridges, With
some for the drainage canal at Chicago.
lively demand for hoops and large
export business, with quantity of bars
for Asia. Wooden mills generally have
orders for three months ahead and are
not seeking further engagements.
Large sales of speculative lots of wool
at prices not stated suggest that it may
be lower before the mills need further
orders. A year ago the prices began to
mount, which, with heavy speculation,
has risen Is per cent. without reaction
In quotations, while tho rise in goods
averages but IA per cent The decline
in cotton and the slow demand for
goods owing, in part, to warm weather,
have led cotton mills to confer about
curtailment of production and further
reductions have been made in brown
sheetings and drills, prints and by Job.
bers in bleached goods. Cotton
declined an eighth to $50 for middling
uplands and both exports and takings
of spinners have been large. Wheat
dropped over &c but has since risen as
much with heavy buying for export.
Western receipts continue heavy; in
two weeks 10, OPS, 9O8 bushels against
1851, 1872 last year, willie Atlantic
exports (lour included) have been g..
662, OPS bushels, against 1921, 231 last
year. An Eugl;sa authority reckonl
the worlds yiell ut 100000, o0Osbusael,
less than last year, which would mean
market for all this country las to
spare. Corn exports ore again larger
than last year and the price has risen
ltc. Later prices of meats do not in.