Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-11-03
THE STATE OF TRADE.
Volume of Production Wen Maintained
No Money Difficulties.

No Money Difficulties.
NEW YORK. November 2.-R. G. Dun
& Co.'S weekly review Of trade to-inor-
row Will say:
The last week of October, with an ex-
citing election near, cannot indicate much
of the true condition Of business. In
scmc trades the season is too TAR adj
vancel FOR great activity. and in others
the supposed effects of the voting hinder
operations. But it is satisfactory that
the volume OF production is well main
ta!nel. and in one or two branches in
creased. that no monetary difficulties dis
turh. that brcalstuts are a little higher.
AMI that 10 material decline appears
during the week in Manufactured pro-
duets.
At present the volume of business
transacted is On the whole smaller than
last year. and much smaller than IN 49,,
though an election was then close di
hand The depression of cotton ana wheat
and the partial loss Of the corn crop
must bee reckonei important causes IN
the hrsitancy in retail distribution ot
products. .,.,.,.
In the iron industry the chief activity
is IN structural work. bridge. AMI o'hef
mates while the demand for sheets is
roc,yhat diminished Bar and wlie snow
no Improvement, and nails are weaker
The average quotations for various KIN
i iron and steel are 3 per cent lo"'I
han In Julv. 60 per cent. higher than AZ
the lowest point I'm April, and - per cent.
lower than in July. conference ..
steel-makers resulted in no chanse W o-
policy. though purchases oi f-nsHsh rd..s an,
by Mr.. Huntington for Pac'hc ueN'ei .
ana by Canadian roads Mu'0a't ~. "a.
American makers are losins part oL '''N''
natural market. ..,,uo
Waiting for retail trade deprcsses teNtiie
manufactures. and concessions IN ptiS@
ha... been made to eject large contracts =
ofhery,i., the market Is generally duH'
without indication of Improvement lIl"'
cloths are selling at $40 Tor ~ ). ne
only announced reduction Is &C III
Lawrence LII Shtcungs, 70 &C. IN "oo'-
lens the fan and winter demand Is uls
aUpeariug. though still fairly large ioI 'i'
season. but the expected suppleiheH'al VI
drrs 90 not appear ana great uhcei tam. ;
rr.vaUs as To spring goods. No changes
- ,rire are noted Manufacturers are
NOT dieposed 10 produce In advance oil
tho change. January lst and so are Duy-
irt, only for current needs, and al the
W.st il is complained that wool goes peg
giug at prices below the parity OF siHli'di
wool abroad on the secured basis.
The government has sustained heaNy
deficit for the month OF october ana
customs receipts are disappointinEy Hsh''
Otherwise the money markets reIiect ohly
a. r.,oarkable absence of commercial de-
rrand though the possible reduction OF
interest on deposits may lead to some
withdrawal of country funds. Exports
the past four weeks were II per cent.
less than last year. while imports were
per cent. greater.
Failures continue small, and for -four
weeks ending October 18th liabilities were
~ 216 So. Of which S3li9,4j were Of manu-
featuring and $i99l. 45i Of trading concerns.
southern failures are compirauVeiy Sinaii,
and the eastern anl western are about
nc,,ai During the week the failures we're
o.g for the United States and 80 for
Canada.