The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-19
ALULL IN TRADES MAD RUSH.
THE CONDITIONS N THE SOUTH ALL
FAVORABLE.

The Demand for Goods Continues
Widespread. but Somewhat More
Irregular Than in Preceding
Weeks-The increasing Cotton
Movement and Speculation Re-
sponsibIe for Much of the Gain in
Bank CIearinEs.
New York. Oct 1S.-Bradstreets to-mor-
row will say: There is less push 10 the
general commercial movement this week,
as Indicated by reports from eastern job
bers and others. whose travellers have re-
turned from trips west and northwest
There are, Of course. noteworthy eXcep-
tions. Baltimore merchants finding rela-
lively most satisfactory trade This Is
LARGELY due 10 the remarkably favorable
conditions at the south. In general, the
volume OF business appears slightly small
er this week. but with a widespread, al
though somewhat irregular demand
"The total business failures throughout
the United States this week aggregates
229. as against IA last week, 253 in the ike
week one year ago. and $40 and 2l6 for the
same weeks in 1898 and 1892. At the west
the business failures are practically dou-
bled this week as compared with last
Favorable trade reports from the south
continue to specify continued increases Of
wholesale and retail demand. with cotton
moving freely. Collections are improving
and merchants anticipating Indebtedness
in some instances. Bank clearings contin-
ue to increase.
The increasing cotton movement ana
speculation is probably responsible for the
large gain at New Orleans, % per cent,
- r4n
per cent. Among other large gains is that
of q per cent. at Philadelphia.
Among the higher prices Tor staplss
are those for cotton and cotton goods,
which reflect immense speculation anu
good actual demand, growing out OF
belief in a short crop Repofls that NtW
Orleans houses have tried 20 corner Dc-
tober delivery are said to be confirmed
by strong support from that market
Wheat closes higher on a better export
demand and continued dry weather, Al
though the spring wheat receipts are
very large. Winter wheat brands OF flour
are scarce and higher. Corn IS hrner on
restricted receipts, and oats, cOllee ana
coal are also higher, the latter on con-
tinued progress toward paying rates.
Lower prices for steel Dlllets lehect
the subsistence of the late furore in the
iron and steel trade, but Bessemer pig
IS unchanged. a..-s
sugar, on the decreasing demand Tor and
weaker tone of raWs.
Lard is slightly off, and pork is weak
Dun's review tomorrow viii say: The
failures for October thus far cover Ia
bilities of 1892 ,599, of which @loSb,-bo were
of manufacturing and s., lS5,534 OF trading
concerns. The failures for the week nave
been 23 in the United states, against
253 last year and 40 IN Cahaua' against
"The events Of the week are promising
IN nature, though TO tae speculaIlNe
markets not entirely encouraging Inc
great advance in cotton mad arrested
exports and so deranged exchanges that
shipments Of god We're for a time ap,
Indicates that the natural movement OF
the product may soon be restored Inc
hating Of the demand ana Inoaefale ylei i,
ing of prices in the great INDUSTRIAL mar
kets show that season OF reasonable
attention to natural conditions mas ar
rived. and gives hope that the future
demand will be more nearly proporuoned
TO actual consumption.
1.-THE week has brought little further
decline in iron and steel products, IN
hides and leather, and a more yielding
tone in boots and shoes.
Wheat does not 80 out freely, and the
attempt to advance prices on MONDAY
was followed by an immediate decline.
THE iron industry is still fully en-
gagged on old orders, but new business Is
so scanty that many of the works are
seeking il at some concessions IN price,
and the only large contracts nave been
at Sl.75 to $3.50 for bridge plates quoted
at 10 to 20 cents. Quotations are not
lower, though any good order commands
some discount Billets sell at 81 and
rod at SIS at Pittsburg, want of business
in wire and wire nails continuing. Mills
have to compete in pig iron and other
products with spectators who took large
quantities on advancing prices and ac-
tual consumption will not be fairly meas
ured until the effects of the speculation
are out of the way.
so in boots and shoes, dealers
throughout the country supplied them
selves so largely when prices were adj
vancing that many shops are laying OF
cutters and others closing for want OF
orders Boston shipments are % per
cent smaller than last year.
TEXTILE manufactures have strong mar
kets for materials to support them. But
scarcely any advance is seen this week in
cotton goods, though the rise for the
month has averaged Al per cent. The
price of some worsted has been advanced
because advanced abroad. but il is as
questionable as ever how far the market
can be held by domestic makers, and
wooden manufacturers have to face, not
only foreign competition, but an especial
tendency of the popular demand toward
zorsted fabrics. The sales of wool, 2l,-
209 200 pounds at the three chief markets,
against 13. 702 800 in 1888, greatly exceed the
actual consumption.
1.-The money markets have been easier.
with foreign exchange higher and the
demand for crop purposes is remarkably
small, while commercial offerings
are increased by importers set
Elements in advance on prof
table business. The clearings for the
past week are 233 per cent. larger than
last year. but lat per cent. less than in
1892"