The Monticellonian., 1894-10-12

urai Consequence-Railroa and Trus
 Stocks Lower, with Other Industrie
 Fairly Holding Their Own.
 NEW YORK, Oct. 6.-R. G. Dun Co. 5 weekly review of trade, issued to day, says:
 The lowest prices ever known foi wheat and cotton necessarily imply somewhat restricted consumption o other products With the chief money crops of the west and south sinking il value, it is not strange that purchase, of manufactured products are smaller than was expected. Wheat has touched the lowest point ever known for op tions, and cotton the lowest ever l1nowr in any form with the present classifi | cation and the accumulation of stock: in both products is discouraging to pur | chasers for an advance. Producers are compelled to sell at prices below the ordinary cost of raising crops. and il some western states there is also la mental ble failure of the corn crop In der the circumstances it would be very strange if the demand for manufac- tured products should be quite as large as in other years.
 Wheat suffers most from accumu1a' tion of stocks in sight, which are far beyond what is usually expected for the season, and the exports in Septem- Der were unusually small. For the first week of October Atlantic exports were 1,097,372 busheIs against S63, 74f last year, and western receipts were only 4.6l5, 600 bushels against 6,13O, 6s7 last year, and these figures give some encouragement, but have little infiu- enee in view of the unusual visible supply. The price for cash wheat is a small fraction higher for the week.
 Pork products are weak in tone, though only lard is quotably lower. price being the lowest known for fortY-fve years, and, considering the difference in classification, it is per haps lower than at any time since 1919, and estimates that the crop is more than 10000, 900 bales are more commonly credited now than esti- mates of s,500,00 bales were two months ago. ~---.-
 The condition of the industries IS in some respects more satisfactory. Evi- dently there is q larger demand for iron products than there was a month ago, through the increase in output has been somewhat greater than the steadily tend downward.
 The boot and shoe trade continues to deliver more goods than in any pre- vious year, as it did in September, and most of the works still have orders for one or two months ahead, although mainly for low or medium-pricedg goods.
 The new demand in dry goods is not as large as it has been, and in spring goods the market is called remarka bIy dull, though there is relatively a good deal doing in current orders for the fall trade. Cotton print cloths are a shade stronger, as the news from Fall River regarding the duration of the strike is less encouraging; but for other goods the market is slow, as might be expected in view of the heavy decline in the raw material N oolens are less active, and, while there are numerous small orders for fall goods, the demand for spring goods is as yet not more than about threc-quarters of the ordinary quan- tity, and mainly limited to the cheaper grades. In these the domestic pro dneers appear to be meeting foreign competition quite satisfactorily.
 Sales of wool for the week have been 5,926, 950 pounds, against 6,272 400 two years ago, and for five weeks ending October ? sales were 24,279, 300 pounds, against F, l3S. .175 last year, and 37,352,- 900 in 1892.
 The volume of domestic trade indi- cated by the exchanges at the princi- pal clearing houses is HIS per cent larger than a year age, but in compar- ison with 1899 shows decrease of 22. s per cent. Railroad earnings thus far reported for the month of September are 6.7 per cent. less than in 1892, the loss being rather greater in the latter than in the earlier weeks of the mont h.
 In the money market more commer- cial paper is coming into sight, though on the whole the market is by no means encouraging, and good single name paper has been placed at per cent, the lowest on record.
 The revenue of the treasury for the first month under the new law is about E., GOO, 900 less than for the same month last year, and there is a feeling that for some months to come, with scarcely any imports of sugar or receipts from the whisky tax the effects of the new law will not be fairly shown.
 Commercial failures in the third quarter of 1891 have involved liabili- ties of S29, ,S6l, l93, exclusive of banking institutions and railroads, against Ss2, 469, ,S2i reported a year ago for the same quarter, and for nine months of 1894 the liabilities have been Si3t, ,0Q4- h02, agalnst S35l, 33A. 965 last year The manufacturing liabilities were SI2, 2,231,- s92, against S23, eos, ,s64 reported a year ago, and in trading Sl4,13l, 930 for the quarter, against SSH, 176 a year ago
 For the month of September the lia- bilities have been smaller than in other months this year, only S6 s97, 124 of which S2,904, ,373 were of manufae- turing and S3,650, 092 of trading con- eerns.
 The failures during the past week have been 219 in the United States against 329 last year, and 30 in Canada against 45 last year.
 
 Canadian Natural Gas Free.
 WASHINGTON, Oct. G.-The importa tion of natural gas from Canada into the United StateS is assuming Snch nrn-