The state chronicle. [volume] (Raleigh, N.C.) 1891-1893, 1892-10-08
Il. s &. DIN'> TRADE REVIEW.
In spite of the Approach OF Elec tion.
Trade il LiVely-prospects Good

BY Telegraph TO the State Chronicle.
NEW YORK, Oct 7.-R. x G Dun &
Co weekly review Of trade will say:
The trst week Of October shows more
activity IN spite of the near approach Of
the Presidential election Business is
distinctly better at the South on account
of the improvement in the price of
cotton, more active at the West with i'm
proved crop prospects and only Slightly
retarded at the East. The moderate
increase IN the demand for money at
New ork, which precedes the October
settlements. has passed without any EN-
barrassment, and the rate for money on
call has declined from 5 to 4 / , per
cent while at all other cities the money
markets are reported abundantly supplied
with funds. The expected reaction from
the extreme low price of cotton helps
business at the South, and although
wheat is low in price, it is a little higher
than 1t was week ago In general
speculation it has disturbed legi-
tilna-e trade much less during the past
quarter than is usual at this
season, although the transactions
in cotton have been exceedingly heavy.
| Business is brighter a. Baltimore and the
packing trade opens with great prom Sc
| while building transactions are heavy.
At Pittsburg manufactured iron is quite
active and in large demand at well sup
po-tcd prices, while business in glass is
| fair, but a strike of coal miners embar-
rasses the MonOngahela trade Chicago
reports a large trade in merchandise and
| good collections with bank clearings "A
per cent larger than a year ago. Re
ceipts Of cattle, hogs and sheep are
slightly larger than year ago, but re
ceipts Of flour, barley, cheese, hides and
dressed beef are double last year, oi
wheat and butter three times las,
year and Of oats and broom corn four
times last year, decrease being notcd
only in seeds, lard, wool and rye Busi
ness at Louisville is improving with large
sales of tobacco; at Nashville trade is fan
and at Memphis improving and decided
| improvement is noted at New Orleans
with better prices Of cotton and very gooC
collections
The iron industry is doing well Not
withstanding the resumption Of work b,
many establishments which were idle
i'iSS Ilh-C Oil eN'1phib VI SblIhtS, tIlC tOn
sumption Of pig iron apparently exceed
the production, and the demand gives
decidedly stltfer tone to the market. Ba
iron IS still disappointing, and rails yer.
dull, but the demand for structural irol
keeps the works busy and plates are sur
prisingly active.
1t IS not a satisfactory symptom tina
the speculation in cotton is enormous
sales at this city amounting 1,239, 60
bales last week, with an advance of |
a cent in tie price Yet exports Of cot
ton are not large, and of all dome e5t
products the value exported last weel
was only s., 4S3 543, against 80 16S, 9S
Tor the same week last yeaI
The treasury continues to acCumu
late gold, having added to it
stock 81, 500, 600 during the past week
ana 800, 600 silver, but it has put int
circulation about So, 600, 900 more pape
of various kinds Although the circua
tion # money decreased III September
there is no indication as yet that tn
money markets IN any part of the cour
try are insuifciently supplied, Th
business failures during the last seye
days number, for the United States Is
Canada 80; total 800 as compare
with POS last week, 211 the wee
previous to the last, and 22O fo
the corresponding week of last year.