The times. [volume] (Richmond, Va.) 1890-1903, 1894-11-24
THE ADVANCE IN COTTON
EVEN THOUGH SLIGHT. CAUSES A
VORABLE LNFLHENCE.
A Contract for 10. 900 Tons of Cast Pipe to
be Secured by II Southern concern.
signs Of Improvement.

NEW YORK. Nov. 2S.-Brldstreets TO-
morrow viii say: - g.. -
week include an increase in dlstrloItlon
of holiday goods, OF heaVy clo'hIhs'
hats seasonaDle dry goods, anu, d' saIi r
Gus points. hardware ana shoes' ms nus
fas stimulated by seaonaDly COZ ltr
weather AM a continuance OF lhe teei-
ing of confidence IN a nearby improve
ment in demand. At the South a IaNoI-
able influence is moderate adVtnce IN
the price OF cotton due 10 the brSateF
favor with which lower estimates OF the
size OF the cotton crop are being received
aud 10 prevalence OF the opinion that me
price Of cotton is too low. There mas
been a good demand for spot cotton
Some shippers of southern lumber COM
plain that southern railroads are snow
ing preference 10 cotton. To points IN
Southern Atlantic States some hesltancy
is reported in supplying goods before
making collections for the full season
business. At the North lake navigation
has practically closed and the results
OF the seasons work are generally unsat-
isfactOry. Trade in wool IS Iuiet, but the
volume is increasing, with territories re-
latively most active, and fleece wools
showing visibly the effects of competition
of Australia.
At eastern cities the volume Of trade
in dry goods has fallen off. dlthOlgn the
tone or the market rs good and colder
weather inclines TO help IT.
There rs only mod efdte volume OF
business reported from any southern city
and at none Of them is there an Increase
compared with recent weeks. Charleston
merchants are not pushing cOllecuonS.
Jobbers at Nashville and Memphis re
port the situation as good. aud similar
adViceS are received from Savannah, eX-
cept as TO groceries, for which the de-
mdnd has increased. Increase OF travel
has tended 10 benefit Jacksonville. lte-
ports from Chattanooga ana from BIZ
mingham as to the volume of trade are
q
Jobbers at Augusta report slackenlnS OF
demand, but retailers say business is
better. At Atlanta manufacturers nave
larger volume Of orders, ana STOCKS OF
cotton are accumulating there. Trade Is
restricted al New Orleans and duh at
Galveston, except In groceries.
SOME CHANG. TOE IHE BETTER.
NEW YORK, Nov. Pr. q. Dun ~
co. > weekly review OF trade to-morroW
VIII say;
The gain Is slow, ana IN some directions
not very distinct, but the signs OF II
are a uttle more definite than last week
The most important OF them IS larger EN-
plOyment OF labor, answering better
demand on the whole for manufactured
products. Much Of this is due TO the un-
natural delay OF orders for the winter,
which resulted from long prolonged un-
certainty, but IL means actual increase
IN earnings and purchasing power of the
millions. and 50 gives promise OF d larger
demand in the future. Prices of farm
products, in the aggregate, do not I'M
prove, but the prevailing hOpefuness is
felt in somewhat larger transactions.
There Is no Improvement in the demand
for commercial loans, and money stil
drifts 10 this centre, scarcely any now
going South and none West.
Textile industries have added a few
factories TO the working list, against only
one or two withdrawn, and there has
been Improvement in the demand for
a ~
spring have been received and colder
weather has Increased the demand for
heavy goods. Yet, on the whole, the
market IS not active, and the. manufacture
is much below the capacity of the works.
Prices OF cotton goods are more irregu-
lar, and some have declined, while print
cloths have advanced a shade. Cheap
cotton causes much dullness.
The shoe industry leads all others in
approaching full production.
The IRON industry again records lower
prices for Bessemer lrOn-SlO.4O at Pitts
buTg-and for some manufactured pro-
ducts. The consumption is large, and for
the season fairly well maintained; but
as IL ts not equal to the capacity Of works
IN operation, their struggle 10 g-t bust
ness keeps prices at the bottom. II is
reported that an American ship-yard had
secured orders to build three armorcd
cruisers for Russia, which will give added
work Tor some years, and that a contract
for 1000 tons cast pipe for Toxic will
Germ.
The failures for two weeks Of Novem-
Der have been moderately large in
amount, reported liabilities being $780,
3O}. of which $l,7lS,4G We're Of manufac-
turing and $3.Sl2s9 Of trading concerns.
For the same week last year liabilities
were over SI2O0.0O0. The failures this week
have been 322 in the United States, against
3S5 last year, and 81 in Canada, against q
last year.
REVIVAL IN lHR STAMP TRADE
WASHINGTON, y. c., Nov. 23.-Mr.
Kerr Craig, the Third Assistant Post
master-General, who has charge of mat
ters pertaining 10 postage, said to-day
that greatly increased orders for stamps
from all parts Of the country showed
tLat business was reyiying rapidly