Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1899-11-08
THBBUSlNESS OUTLOOK
AZ Reported by R. G. Dun & Co.'s
Agency.
THE WAR IN THE TRANsvAAL.

British Reverses In South africa Have
Tendency to Cause the Englishmen to
Look to America for Securlties-Enor-
; NOUS Sales of Wool at Boston-shoe
Dealers Refuse to Pay the Higher Prices
Asked by the manufacturers.
New York, Nov. 6-R. G. Dun &
Co.'s weekly review of trade says:
British disasters in South Africa
have brought to view something beside
the steady self-reliance of the English
people, that they hold not many Ameri-
can securities to be dislodged in any
time for alarm, but are inclined to take
more when stocks and money look for
safe investment.
A little decline of " of cent in
wheat and 11s cents in corn does not
hinder exports, though 1t is some evil
dence that growers think they have
ample supplies. Atlantic exports of
wheat for five weeks have been, -four
included, 15,6S6,599 bushels, against
1S,1S2,631 bushels last year, and Pa
cific exports 2,713,551 bushels, against
8,917, 434 bushels last year.
Western receipts of wheat have
continued heavy, but have not rivaled
last years extraordinary outpouring,
amounting to only 3995S,OS7 bushels
in five weeks, against 49,640,7 91 bush
els last year, but western corn re-
ceipts run ahead of last years in the
same weeks, and the exports have
been 1S,64S,044 bushels, against H.,
65S, 15S bushels last year.
Enormous sales of Wool.
The enormous sales of wool at Bos.
ton, 21,557, 800 pounds reported, max
ing 25,36S, 100 pounds at the three chief
markets for the week, are extremely
important. That not all is for con-
sumption, as the trade is naturally
tempted to believe, may be true, and
yet actual purchases by the mills of
half that quantity would imply ex-
traordinary encouragement respecting
the demand for wooden goods. The
| prices have been generally advanced
to an average scarcely below that of
May, 1892, and for Ohio washed. light
and dark unwashed, and pulled wool
slightly higher. Expectation of higher
prices at London prompted much
speculative buying, but the demand
for wooden goods is also undeniably
encouraging.
| The cotton manufacture has also
| great demand, with prices constantly
rising, SO that with middling uplands
at 1855 cents goods are relatively
nearer in price than they have beer
since Oct 1, but whether both will ad
vance much further depends upon the
correctness of current estimates of the
Forthcoming crop.
| In the Iron Trade.
Prices of pig iron for early deliver
les are still advancing, but as a grea,
part Of the demand has protected it
self by contracts running far into nexi
year, including purchases of $4,000
tons Bessemer this week at $3.50, anG
as billets are quoted at $3.50 for spot
but $35 for next year, the market car
be interpreted several ways. An
thracite pig is also quoted at S24.5(
for early delivery and local coke a,
Chicago. But no finished products
have advanced during the last week
| excepting refined bars, which the
eastern association has put up 81 pei
ton. More weakness appears in some
lines of which the works have not or
ders running far ahead. But it il
claimed that 100000 tons of rails, 81
per cent OF the entire capacity, hat
been sold for next year. Tin is weaker
at 1880 cents and lake copper at /;
cents, while spelter is offered at 4.s.
cents.
Future Orders Restricted.
Dealers are refusing to pay tn,
higher prices asked by manufacturer.
of boots and shoes to such an extern
| that future orders are somewhat re
stricted. Yet the October shipment.
were 473,722 cases, against 415,25.
last year, an increase of 10 per cent
and 367,939 in the same week Of 1892
an increase of nearly 80 per cent
Considerable irregularity appears il
the relation. between demand and sun
ply, with rather more general hest
fancy in buying on the part Of dealer.
in wOmen's goods.
Hides and leather remain strong
packers having somewhat advanced
prices at Chicago, their supplies bein,
! sold four to six weeks ahead.