Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1894-10-19

was anticipated few weeks ago and
the outlook for cotton is exceptionally
favorable. Business conditions generally
Justify the expectations of a continued
gradual recovery from the recent de-
preston.
Measured by bank cleariugs the
volume of domestic tlade is about Il
per cent larl er than it was year ago
and the increase is really greater when
the effect of lower values Of many com
modities is taken into account. Rail
road earnings show small percentage
of decline; but freight returns are rel
atively better then passenger receipts,
and his fact indicates a substantial
enlargement of the distribution Of
products. Business failures IN the
United States and Canada during the
week numbered 268 against 365 for the
corresponding week last year. Accord
ing to r. c. Dun q Co., the liabilities OF
failing traders in September were small
er than any previous month this year
The aggregate was $685., l24, Of
which S2,9O4, IG3 we're of manufactur-
ing and $3,650,093 of trading concerns.
Failures for the third quarter, exclus-
i've of banking Institutions and rail
roads, involved liabilities Of $29,36l, 1876
against total of $50 ,469,82l reported
for tho corresponding period in 1893.
Cotton prices have again broken all
low records since 1849 by further de-
cline of ZIG OF cent to 81 cents per
pound for middling uplands in New
York The weakness has been the re-
suit of an increasing crop movement
and the continued favorably outlook for
a yield in excess of that of any previous
year. Exports at ruling low prices
have considerably increased; and pur.
chases by Northern spinners in four
weeks of September were over three
times as large as they were last year,
and over II per cent larger than in Sep
TENDER 1892 Deliveries OF cotton
goods in completion of back orders have
haye satisfied SO large a percentage Of
distributing wants that jobbers have
been able to get along with smaller new
purchases. Prices of print cloths show
a recovery of I of a cent from the low
est point Of the week, owing to thu
strikes and small etocks at manufactur-
ing centers; but the advancing tendency
on other lines Of staple cottons has been
halted Uy the continued cheapening of
the raw material. There has been a
moderate business in wool; but the
larger consumers are still drawing upon
domestic stocks bought in July and
August or upon supplies of foreign
wool since released from bonded ware
houses. There has been a luIl in the
new demand for spring woolens because
olothiers haG generally placed their
initial orders with manufacturers, and it
is too early for them to duplicate; but
mills are well employed. Some manu-
facturers are still working on winter
weight fabrics for mems wear, and the
production of fall dress goods is very
closely sold up, Domestic mills are al
ready booking fair orders for spring
dress fabrics, and the outlook for this
branch of the trade is very encouraging.
There is a very fair business in iron
and steel products; but prices show no
improvement.
Corn prices have advanced 2 to q
cents per bushel. The rise in values
has been in the face of weather con-
dltions that have been very favorable
for the maturing of corn, which has
now passed beyond all risks of damage
from frost. The strength of the mar
ket is attributable to a considerable de-
crease in the movement to interior
eenters and to larger demand for con-
sumption from points tributary to Chi
cago, as we'll as from New England
Some influences in favor of higher
prices has been exerted by the foreign
political news, which has induced the
covering of outstanding Short" con-
tracts in both wheat and corn. The ad-
vance il Wheat prices varies from ! Of a