The times. [volume] (Richmond, Va.) 1890-1903, 1894-09-29

distribution on orders given some time
ago, but new business going to the manu-
fdcturers Is everywhere sldCkeping. The
completion Of orders for replenlshmcnt of
stocks leaves a narrower demand and IL
is yet too early FOR consumption to pre-
vail further orders. The volume Of busi-
ness reported by Nlcarings AT the chief
cities is 90 per cent. larger than last year,
bue 2lS per cent. less than i'm 1892. and
the mOutn OF september. tne daily aver
axe haS been l3irO,Vr, against l3.UOOD
last year. before recovery from the panic
had corle. and 100000 I'm 1872. AS these
include payments resulting from trade
deferred during most of the uncertainty.
the comparison is but moderately encour-
aging.
The depression in prices Of farm pro-
ducts will have some influence. Ihpre-
Cedented records have been male IN cot
ton and wheat. although as 70 wheat
only in contracts for future delNerS' III
which the prices are the lowest sNc'
made
Cotton of the spot is lower. az 6.Hc.,
than at any other time since iSi9' anu
quotations then did not mean whal thes
do now, while the nearest option mas ueei
quoted at 6.O4c., which Is below All pre-,
v.pus records. Even AT the close lhe lai'
for the week is one quarter.
The iron industry shows a snrlhhdSc
or demand and the prices quoted to-pdl
ar but little above the lowest ms ytaI
Bcssemer pig is weaker at sll at flttS-
burg with an impression that excess OF
production must cause further decline
unless lower prices are made for steer
rails. Billets, structural forms and mans
are a shade weaker. and In eastern mar
kets competition Of works 70 get buslhe >
tends TO dstroy profits. There Is more
business at the West and Chicago re-
ports a good demand for sheets, for bar In
small lots, and for coke pig, though plates
and boiler tubes are weaker. TeNtle
manufacturers feel the shrinkage OF the
demand, due t. replenishment OF stocks;
and there IS less doing IN cotton ana
wooden goods at first hands. The as
tribution by jobbers on previous orders
is large. and stocks are stiil being re
duCed by purchases, but the trade now
depends I'm All branches upon the supple
mental orders expected. In COttons re-
cent advances I'm price are maintained,
but buying is noticoably less active.
Imports at New York for four weeks
have been 10 per cent. larger but de-
mand exports % per cent. smaller than
Failures are few and small; for three
weeks. Liabilities amounting 10 &.ZN,5NI,
of which $23S23l3 were OF manufacturing
and S250ll2 Of trading concerns Inc
failures during the week have been 255
in the United States. against ~ last year
and IS in Canada, against % last year.
CONDITION or ~ovrHrrN IK,Dy.
NEW YORK, Sept. 2S.-Bradstreet's to-
morrow viii say.
The feature OF general trade through
out lir country Is louuu III Ulouti " -
actions within the week, more particular
ly I'm the volume of purchases of staples
I'm the West. where trade has peell
quite active, ana at eastern points IN lhe
course of prices the week falling to snow
any upward movement Of note IN inns
line. and i'm the check to business
South, together with damage TO the rice
and orange crops
Less satisfactory reports come from
some or the more important distributing
uoiuts south owing 10 eftecs of the storm.
Auorsta reu6rtG the outlook not SO bright,
and refers to the low price of cotton ana
lt, effect on the purchasing power OF
urogu,ere. General business has been un-
settled also at Savannah and at Jackson
vile. and the rice and orange crops have
suffered. 1uere has been no material
gain i'm business at New orleans. impor-
tauon of fruits and receipts Of bulk grain
tur export being light. There has been a
fair business I'm hardware at Chdttanoo-
ga but other lines report less activity.
Nashville says iron pipe mills are un-
able 10 keep up with orders, but pig
iron i'm that market ia qlieter. cuisines
is practically unchanged AT Charleston,
Memphis, aud EirWir CHAM.