The times. [volume] (Richmond, Va.) 1890-1903, 1892-11-13
THE STATE OF Trade.
Election Excitement IL over and Business
Increases.

/
| The following are extracts from Brad
streets report for last week:
| Election excitement has served to di
vert attention from general trade to a
| greater or less extent, although the
volume Of merchandise distributed from
Boston, Baltimore, New York. Phiadel-
| phia, Chicago and st. Louis, among the
| larger centres, does not show marked
diminution. Dispatches to Bradstreet S
point out as features of the business
week advances in prices Of wool, raw
cotton, several grades Of cotton goods,
pig and manufactured iron; the advent of
seasonably cold weather increased sales
of coal, heavyweight wooiens and other
dry goods, shoes and provisions, closely
followed by an advance in the price Of
hogs. Merchants at Baltimore report
orders running ahead of those last year
at this period. Cincinnati and centres
further West feel the influence of higher
prices Of hogs and the stimulated demand
for products. The output of pig iron has
increased $1,000 tons during October, but
stocks at furnaces have declined II 900
tons. Steel rail prices tend downward.
The volume Of dry goods distributed
has fallen off e Philadelphia and st.
Louis. At Louisville, Memphis, Rich
trade is reported, owing in part to interest
in elections, but the outlook for the near
future is promising, owing to higher prices
promised for cotton and reviving demand
in general lines. At Charleston there has
been a larger volume of business, re-
suit OF the fall festival, but at New Or
leans long -continued strikes Of all but the
cotton handlers among members of trades
unions have brought business there to
standstill In Texas the weather added
its influence to the election TO check in
terest in business.
The speculative share market has re-
gained confidence after the dullness fol-
lowing election, and the market, though
narrow and professional, shows advancing
tendencies, with considerable underlying
strength. The industrials are active and
strong. Foreign exchange is firmer on
the scarcity OF cotton drawings due to
the Lancashire strike. Silver is inactive
and slightly lower
Special cable advices show that avaia-
BILE supplies of wheat afoat for Europe,
and those in Europe, the United States
and Canada November 1st aggregated
154272,0OO bushels. the heaviest ever held
at a like date. This exceeds supplies one
year ago by zoo 900 bushels, two years
ago by 63,l12OOO bushels and three years
this week from United States seaports,
both coasts 0lour included), equal 1885,
bushels, against 314,7SS bushels last week,
but as compared with 4,490,765 bushels in
the second weak of November, 1891.
Bank clearngs in the United States this
week, as wired TO Bra dstreet's, aggre-
gate s1,174 ,OOO,O 900, about IS per cent. less
than last week and II per cent. less than
in the like week of 1891. There are 1873
business failures reported in the United
States this week. Last week the total was
22l and one year ago it was 26S.
There are Ii business failures reported
from the Dominion this week. Last week
the number was 81, and one year ago ii
was so.
Locally, on occount of interest in the
election orders have slackened consid-
erably. However money is coming in
fairly well, and prospects are thought
as bright as any time during the fall.