The times. [volume] (Richmond, Va.) 1890-1903, 1894-10-06
WHEAT AND COTTON LOW
WHICH CARRIES RESTRICTED CON.
SUMPTION or OTHER PRODUCTS
There IL = Larger Demand, However, for
Iron Produets-Encouragin Reports
from Southern Centres.

NEW YORK, oct. 5.-R. G.. Dun &
Company's Weekly Review of trade to-
morrow will say:
The lowest prices ever known for wheat
and cotton necessarily imply somewhat
restricted consumption Of other products
With the chief money crops Of the West
and South sinking in value, 1t IS not
strange that purchases Of manufactured
products are smaller than was expected.
Wheat has touched the lowest point ever
known for options, and cotton the lowest
ever known in any form with the pres
ent classification, and the accumulation
Of stocks in both products is biscuits
ing TO purchasers for an advance. lIO-
duccrs are compelled TO sell at prices
below the ordinary cost Of raising crops
and I'm some western states mere -
also a lamentabe failure OF the corn
crop. Under the circumstances IL Wou.u
be very strange 81 the demand for manu-
factuTed products shOuu re pui'0 60
large as In other years. - o-,,
Cotton is one-eighth lower, ule ca9I
price being the lowest known los ~ ~
five years, and conslderlnb tnt ut,u- ,,,,
ence in classification il Is perhaps IoWer
than at any time in 1919. ana estimates
that the crop is more than lVWy'" are
more commonly credited now tnaH tnH ea
Inmates of S,JU,OOO were TWO H1oIiIlo "sD.
likely to be the largest ever known.
Cotton print cloths are shade strong
er as the news from Fdu ltEeI' Ies|lu
ing the duration Of the STRIKE - ~
market is slow, as might be expected IN
view OF the heavy decline in the raw
material
CREATE DEMAND ikoN fF'bUCIS'
The condition Of the industries Is IN
some respects more satisfactory. ~ ~
IDENTIFY there is larger demand II -, iUi'
rro1Iicts than there was mohIh 49,,
tb0iIoh tho Increase in output has Dceu
somewhat greater than the increase ~
the demand, so that prices stedIIy 'e-at
downward. Bessemer pig Is seilHs. o.
$40 % AT PittsbuTg and bar IRON AZ 90
cents with steel bars at a.U, WINE
contract to suppress the prnclpal west
ern competitor in nail manuiactuie -
expected TO hold the price e. - loI+,,ril TOT "r'l
and s. cents for cut nails Ihe . C,ttt -
market is fairly active at the west, WIN
ont change at the East, ana, "HHe Iic
coke output has now become the HgaNlyS'
ever known-l4s,Il3 tons LOT Ine Nm,
the price is declining, ana steps arc '''"e
taken to limit the supply 81. .,di.atss
The volume Of domestic trade liulCdl.t
by the exchanges at the pthclpdi Cle"i
ing houses Is us per cent. IaIbgI Ia ZOO .
year ago. but, in comparison WIN loSs-'
shows a decrease OF 22s per cent. In thE
money market more commeIciaI PhPi
is coming into sight, though on the MIolS
the market IL by no ItdliH '''' --,,
and good single-name paper mas peo oI
placed at per cent, the lowest 4"'e va
record.
COMMERCIAL FALURTs.
Commercial failures in the thiId gGadaI,er GU ds,
of 1894 have involved Liabilities OF $-'''ol'I
1876 exclusive Of banking lnstltuuons anu
railroads. AGAINST So 469s2D reported
wear ago for the same quarter, ana loI
nine months of 1894 the liablltles nave
been $i3l0Ji5o2, against SI2I;2it,II'S r.ar
year. The manufacturliHSe ~ e, iiaDll,ll, d,,nrfoS
wear ago and i'm trading Sl4l3l, 20 Tor the
quarter. a.ainst SiS.Nhlb a year aSo.
For the month Of September the HaOlites
have been smaller than 5. lo- I ID, any ,,.Sinb
month this year, only s6,StnIZi, o. "hIsI
S5 glt s73 were Of manufacturlng ana
Il f}6 055 Of trading concerns The fail
Jres for the past week nave pTeI 30 III |
the United States, against 5-u la7l Ned'' |
and 50 in Canada, against 10 iast year
Bunvrss FAIR IN TIE SOUTH.
NEW YORk, oct. 5.-Bradstree,s to-
Vthils no radical change has appeared |
his week. there are features Of the STU |
alton pointing to continued progress IN |
he direction Of improvement. -, rms Is |
rue OF the country at large. From the |
south the most favorable report comes |
rom Jacksonville. where wholesale trade |
S good. and retail trade improving. Mer-
.handise is moving satisfactorily rom .tl "a. Sa-
,ooga. Nashville finds announcement In /
increased bank Cledrings, although col
ections have been disappointing Busi-
ioss has been fair at Memphis in dry |
anita the volume OF trade has increased |
0 per cent, in most leading lines. I'm.
lrovement is also shown at Augusta, and
he volume Of s2les Of groceries and
reased. Galveston and Birmingham re-
ort no changes