The times. [volume] (Richmond, Va.) 1890-1903, 1892-10-02
RICHMOND TRADE.
1t 10 Reported Fair With Active Demand
In Several Branches.


The Richmond general trade is reported
fair. The most active demand is noted
for books, shoes, dry goods and groceries.
The upward tendency in the price of cot
ton gives the merchants a more encour-
aging feeling. Money is in good demand
and collections fair. Call loans per
cent; time loans, to { per cent; ex-
change, 81; clearings for September
s., 2S4, 207.
Special kilograms to Bradstreet's from
leading Eastern trade centres show q
moderate decrease in the volume OF DIS
trbution of some staples. A hand-to-
mouth demand for leather and a weaker
wool market are noted at Boston, de-
cline in volume of jobbing sales OF dry
goods at Philadelphia lower prices Tor
grain and produce and lambs at Buffalo,
with better sales at Baltimore, due TO
recently reduced railway rates ana an
increased volume of transactions at Pitts
burg as compared with nine months OF
1891. Baltimore also reports slow col
lections. due to lack of free receipts OF
cotton and grain.
At the South trade features continue
to vary. At Nashville, with conserya-
tive selling and buying, business is
healthful Charleston merchants say the
ham, Ala, the volume of business Is
larger. although collections are slow:
Galveston announces fair collections and
n larger volume of trade than year ago,
and the disappearance of the cholera
scare Business is unchanged at Mem
phis. with collections improving, but at
New Orleans business has slackened
some, although higher prices for cotton
and splendid sugar crop prospects encour-
age merchants. Enormous rice receipts
have unsettled prices. The sugar har-
vest will begin in about ten days.
The West also shows varying cOndl-
tons. Flour is hrm ana the output
heavy.
Mil irons have advanced fifty cents
per ton. On the Pacific coast exports OF
salmon, canned fruits, wine, barley and
flour have increased, but that OF wheat
is less active than a year ago. Word is
sent that California expects to have SOO,-
900 tons of wheat for export this cereal
year. VT, GA.
seaports. both coasts, this week lfiour
included as wheat as reported to Brad
streets, amount to 4,O45,CU0 bushels
(one-half being four. compared with
3,7l1,000 bushels the week before ana
with 3.405, 900 bushels in the last week
OF SeplenlDeI, icol' a.,
Bank clearings IT cities throughout the
United States reporting to Bradstreets
amount this week to 049,OOO,WO, or
IL per cent. less tnan last week, and IL
ner cent. less than in the like week OF
1901. The number Of business failures
in the United States for nine months is
1873. about IL per cent. fewer than In
tbe like norton of 1891. and less than for
nine years past, with two exceptions.
These concerns owe S76.900,000, or less
than in any of nine previous years; ana
AZ per cent less than in nine months OF
1891. This indicates the probability OF
something like 10,320 failures for twelve
months of 1892, contrasted with 1894 IN
twelve months of 1891. With few excep-
tons all States and Territories show
decreased number of failures and volume
of liabilities compared with 1891, the, ex-
ceptions being due to conditions prevalent
earlier in the year.
Stocks of cotton goods at Eastern CEN
tres are unusually light for the season,
notwithstanding a remarkably heavy pro-
duction this year, sales having been far IN
excess of last year. An advance of l-Sc:
for raw cotton has strengthened prices OF
finished products The export trade
continues disappointing. The advance on
raw cotton is based on light receipts and
better investment demand.