The Scranton tribune. [volume] (Scranton, Pa.) 1891-1910, 1897-11-13
DUNN'S REVIEW OF TRADE
Larger Consumption and Manufac.
ture in Iron Than Ever Before.
Wooien Mills Have Orders foi Three
Months Ahend.

ture IN iron lh0n Ever beiOTes
WOoien Mills Have Orders foi Three
Months Ahead.
New York, Nov. 12.-R. G.. Dun &
Co.'S weekly review of trade will say
in its issue tomorrow:
Colder and more stormy weather, so
long needed to accelerate distribution
of winter goods, has materially helped
in some quarters, and the resulting Inn
provement in retail trade is mentioned
in nearly every northern dispatch this
week. so that orders to fill stocks have
been dscouraging, and in some
branches the multitude of demands for
immediate delivery show that the dis
tribution to the consumers has already
gone beyond the expectations of deal
ers. But this is not yet the general
rule. and many complaints of delayed
trade from other quarters, and there
still remains the extensive shrinkage
caused by fever and quarantine at the
south. 1t is, therefore, the more sur
prisng that the volume of all pay
ments through clearing houses contin-
ues about as large as in 1892, and 16.7
per cent. larger than last year. Rail-
road earnings also nearly equal those
of 1892 for the first week of November.
and half the mileage in the United
States show earnings in October of
$J0,S54 ,496, or so per cent, larger than
last year. and 2.2 per cent. larger than
in 1892. Speculative markets feel dis
appointment because prices do not rise
further and faster. but it is fortunate
for producers and dealers that the eX-
perienCe of some past years in that re-
speCt has not been repeated. There Is
nothing to cause general reaction, the
purchasing power of the people is grad
ually increasing, and after the lull
which follows extensive replenishment
of stocks. the trade should give ample
evidence of that increase.
The output of iron furnaces Nov. I
was 2l3,159 tons weekly, against 200,129
on Oct. l, against 36.5 per cent, and
unsold stocks decreased 4S,S90 tons in
October, indicating a larger consump-
tiOn in manufacture than ever before,
even when the output Of pig was
pushed by swiftly advancing prices to
the highest point. 2l7 $50 tons, on Nov.
!. 1895. Prices of iron products rose
that year 55.3 per cent, but are now
not four per cent. higher than June 9.
The enormous output, with some more
furnaces started i'm November. causes
but slight decline in Bessemer pig to
$l025 at Pittsburg, with no decline in
other pig there. at the east, or Chi
cago, and no fall in prices of finished
products, except a 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
deliveries, new orders are few, but
include one for 1000 cars at Chicago
and one for 400 at Pittsburg; one for
an armored ship at Chester: many for
small buildings, and for Saint Vim
cents hospital and three school houses
mere; many for bridges, with some for
the drainage canal at Chicago, with
a lively demand for hoops, and a large
export business, with a quantity of
bars for Asia
WoOlen 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 fur
ther orders. year ago the price be-
gan to mount with h5aVy speculation,
ana has risen 30 per cent. without re-
action in quotations. while the rise in
goods averages but II per cent. The de-
cline in cotton, and the slow demand
for goods, owing in part to warm
weather. have led cotton mills to con-
fer about Curtalment of production
| and further reductions have been made
in brown sheetngs and drills, prints,
and by jobbers i'm bleached goods Cot
ton declined an eighth to $50 cents for
middllng uplands, and both exports
and takinSs Of spinners have been
| large
Wheat dropped over two cents, but
| has since risen as much, with heavy
| buying for export. Western receipts
| continue heavy; i'm two weeks 14,O2S 007
bushels, against 1O,5S1.l92 last year,
while Atlantic exports, flour included,
have been 6.5G2,O2J bushels, against g.
/ 92l,23l last year. An English authority
reckons the worlds yield at l6l 900 900
| bushels less than last year. which
| would mean a market for al this
! country has to spare. Corn exports are
| again larger than last year, and the
| price has risen lac. Later prices of
| meats do not indicate that farmers
| have as yet much inducement to save
| corn for feeding.
| Failures for the week have been 291
in the United States, against 276 last
year. and "A in Canada, against 46 last
| ypDr