The Irish standard., 1894-10-27
BUSH .si,Il RE Y ID
Dur and Bradstreet Report on the
Commercial Outlook
Features Of Encoursgement Businsaa,
S However, According TO the Former,
Has Not Yet Answered Expecta-
tions-The Failure Record

New York, Oct. Or G.. Dun &
Co.'S weekly review of trade says:
Cotton below cents and wheat below s.
cents-oach lower thAn ever since present
classifcations were known with exports OF
gold instead Of products at such prices In Oc-
tober are the salient features of business this
week Distribution OF goods to consumers goes
on fairly. with gains at nearly all points IN COM
parison with last year but not yet at rate to
sustain the present volume of manufacturing
production. so that prices weaken a little.
The domestic trade represented by
railroad earnings In October is 34 per
cent less than last year, and 1874
per cent. less than In 1892. The
payments through the principal clearing
houses for the third week of October are %
per cent. greater than last year, but Bis per
cent less than in 1892 The daily average for
the month is Sc per cent. larger than last
year, but 28.2 smaller than in 1892 With
many features OF encouragement, business has
not yet answered expectations. and 1t Is evil
dent that the loss OF part of the corn crop and
the unnaturally low prices OF other staples at
feet the buying power OF millions
Weaker Prices. ,@5S
Wheat for October delivery fell to SAX. cents
on Wednesday, and in spite OF some recovery
the average for October thus far is cents be-
low the lowest monthly average ever made,
which was in September and was nearly 10
cents below the lowest prior to this year. the
October average being 81 cents below that OF
October, 1891 or 1890.
Corn declined NC during the week with re-
ceipts not 6, quarter OF last years, and exports
not a tenth. Pork products were somewhat
weaker, with lard quarter lower. Cotton sold
at b9A cents On Thursday, and with Ellison's
estimate that the world will consume SEAS, 600
bales OF American, the stock of 100000 bales in
sight and the estimated yield OF over 9,OO00 600
haleS 6et0rS DTVerS
Increase In Imports.
1.-The increase in imports exclusive OF sugar
was over IS per cent. in September, and in two
weeks OF October at New York over 43 per cent.
With this heavy increase in purchases, and a
decrease in sales OF products abroad the mar
ket for foreign exchange is in position to be
quickly affected by Withdrawals of capital Or
apprehensions regarding the future peace OF
Europe
Retail Sales Slow.
1.-The dry goods business and textile indus
tries were especially favored by the demand In
August and September Wholesale and re-
tail stocks have been replentshed, and bust
ness waits for retail salas, which are as yet
slower than was expected, In cotton goods
the new business has been narrow and resump-
ton by Fall River mills has depressed prices
to some extent The boot and shoe trade is
doing remarkably we'll. The iron and steel
business makes better showing this week.
The Failure Record.
The failures in October thus far have been
quite moderate in strictly commercial lines,
the liabilities amounting to S. 821 ,937, Of which
81 793, G36 were of manufacturing and 81 1885, $50
OF trading concerns. Some failures Of banking,
investment and loan concerns not here In
Guided. have not proved of general Importance.
During the past week the failures have been
253 in the United States against 341 last year.
and 43 in Canada against % last year" .ey
Bradstreet's View. ..sf
Bradstreet's says:
with few exceptions theleading features
OF the business situation this week have been
those OF continued moderate improvement, al
though the total volume of business, SO far as
Indicated by bank clearings throughout the;
country, will require considerable expansion
to compare favorably with corresponding to
tails two years ago. Nearly all the more I'M
portant business centers west and northwest
report moderate activity, but few Of them an
nounce new features s@ s.