Ottumwa semi-weekly courier. [volume] (Ottumwa, Iowa) 1899-1903, 1899-10-03
A BIG DEMAND|
tits Now Recognized as Some
thing Fairly Permanent.
OUR TRADE is ENORMOUS
Ranges sixty Per Cent Heavier Than In
1892, While September Clearing
Payments Gain Fifty
Per Cent.

New York, Sept. ao.--R. G. Dun &
Co.'S Weekly Review of Trade, issued
today, says:
September is the twelfth consecutive
month in which the volume OF business,
both at New York and outside of New
York, has been greater than in The
same month of any previous year. In
these twelve months payments through
the clearing houses have been $s9s600,-
100000, against 61.200.000,000 in the
twelve months ended with September,
1892, ain increase of $2s,40O,O 100000, or
over 46 per cent.
When the tremendous expansion be-
gan men called it replenishnent of long
depleted stocks. Then for a time it
was called a crazy outburst of specula-
ton. When demand still expanded.
some permanent increase of business
was recognized as result of increased
population earning better wages. But
the demand still grows, now ranging
while population, according TO treas
and wages not over 10 per cent great
er.
Reconstruction In Progressa
ga reconstruction of business and
industries, of producing and transport
ing forces, is in progress throughout
the land, with results which none can
now measure.
Iron consumption, instead of 10000
tons per month in 1892, is now over L.
100000 tons per month, and yet is so
far behind the demand for products
that the capacity of most works is sold
far on into next year. With sales OF
10000 tons at Pittsburg. Bessemer pig
rose to S23.5O, Chicago coke and South
erp pig again rose ST, and new furnaces
are sold many months ahead before
they. begin work. bars are hard to
get at any price, the whole output of
the Republic company being sold to
january, and $225 is quoted for COM
mon at Pittsburg, while at Chicago the
great demand for car building falls on
works overcrowded. Contracts for 5000
tons of plates have been placed at
Pittsburg. and at all points the price
is rising. with astonishing demand.
Sheets are also higher with the de-
mand intensified by renewed efforts for
consolidation.
Wool Market Active.
Shipments of boots and shoes from
Boston in nine months have been 81
5OO,676 cases, against 2,s33,6S2 in 1892,
and in four weeks 390,622 cases,
against 360,699 last year, 376,771 in
1897, and less in any other year. Here
the increase is more nearly propor-
toned to population and wages, but
works are all month or more behind
their orders for the season. Spring
orders are fair, but restricted still by
unwillingness OF makers to contract
largely at prices now obtainable,
which average about cents advance.
where makers deem TA cents neces-
sa,.y.
"'The wool market is active, with a
general advance, averaging about one
half cent on washed fleece combing
and some unwashed. The entire list
quoted by Coates Brothers probably
averages about one'quarter cent higher.
Heavy weight woolens are well clean
ed up, and of spring worsteds many
lines are withdrawn, the clays being
nominally advanced to $1.45, with
some fancy worsteds S per cent high
Ell.
stronger demand for cotton staples
causes an advance of one-quarter cent
in brown sheetings and drills and one
half cent in some bleached goods. A
broader selling arrangement at Fall
River seems likely to prevent the pro-
posed consolidation.
Advance In Cotton.
"Cotton opened the crop year at 6.25
cents and has risen to 6.S7, although
about quarter more has come into
sight than last year from the greatest
crop on record, and stocks here and
abroad, commercial and mill, are 65S,-
600 bales greater than year ago. But
belief in serious loss by droughts gain
ground and also belief in largely in
creased manufacture.
wheat exports from Atlantic and
Pacific ports have been 4,494,3S6 bush
els for the week, -four included. against
SO, 022 last year, and in four weeks,
1881 63 bushels, against 15,o61, 1864
last year. The foreign demand has aid
ed to sustain prices, which closed rs
of cent higher than last week, al
though western receipts have been 90.
129,51S bushels in the last four weeks
against 31,s5O,573 last year.
Corn is unchanged in price and still
in large foreign demand, exports hav.
4 ing been in four weeks 12,155,9O4 bush.
els, against S,133,64l last year, with
western receipts of 24,433,s74 bushels
against ,292 last year.
Fewer Hogs Packed.
Cincinnati, o., Sept. .-Price Cur.