The times. [volume] (Richmond, Va.) 1890-1903, 1895-09-07

FxvoRABLE CKOp REPORTS FROM
XEAKLr EvERY SECTION.
No Real Reaction In BUSINESS Ass"""ke
the Market .. More Conservstive-Cot-
ton strong, but Has Paused.

NEW lOiSh, sept. os-bs~>@@
morrow will say:
FAVORABLE crop reports from nearly all
directions and a continuance OF the Doc" +,
in steel and iron continue 10 cnarac'er'xo
the general trade situation. Latest aa-
vices as to the corn crop have rePlaceo
anxiety with confidence In the larger es-
Inmates OF the size OF that crop and sa,is-
faction with the outlook for trade this
auumn.
Harvesting and threshing are interfer-
ing little with business In the spring
wheat country, yet Duluth Minneapolis
and ~. Paul jobbers In general lines are
pushing for new business. In Soutn
Dakota and Washington farmers sho"
no disposition 10 sell their grain. caiifor-
mia reports perfect weather for harvest
ing. The other side OF the crop outlook
IL found I'm Texas, where worms are SAID
10 have seriously damaged cotton IN
some sections. The growth OF bullisi
speculative feeling. engendercd by an
expansion In trade and industry was
partially checked toward the close OF the
week by continued gold exports Lon
don's hearishness, and the low prices for
the agricultural products Of the country.
Public interest I'm the New York stock
market has been increasing. Reports IN
dica,ing a settlement Of the anthracite
troubles have made the coal stocks
speculative feature. Foreign exchange
Is very duh but firm. az feJ for demand.
The gold shipments for the week through
outside channels were 100000.
Advances IN prices this week aside
from Bessemor pig iron. steel billets. bar
iron, and wire uuils included gains Ia
quotations for cottof, print cloths hem
locks. hemlock sold some cheaper paper
sugar, and lead; while wheat. corn. oats.
pork. coffee. cattle. hogs, and leaf to-
bacco are some cheaper. Bank clearings
of hfty-nine cities aggregate SiE III IA
falling of, "a was 20 be expected OF
per cent from July. but an Increase OF
10 per cent. over August last year. ana
q per cent over August In the panic
year 1928 and a decrease OF only S.s
per cent from August, 1892.
GAINS GFxfnAi.
Every section OF the country shows
gain In August over last year, except TIE
Northwestern. which is beginning trade
expansion. Gains are heaviest and mos.
numerous I'm the East and Middle states
and tho South Is beginning To experience
the effects OF higher cotton prices I'm en-
largod bank c,carings.
Wheat stocks available east OF the
Rockies, here and In Canada. fell away
sharply during August ana for two
months, tie decrease rs s.y2i3.V0 against
an increase In August and July in four
preceding years. The worlds wheat
stocks for August show an increase or
Ci2.Vp bushels I'm August, 1874. they
gained s,26s,0o bushels, and In 1890, H.
$4,000 bushels.
Domestic available wheat stocks are
almost as Hight as on September l.. IS'z
and much smaller than one or two years
ago.
Actual gains I'm the volume In genera,
trade this week are recorded nj Seattle
and Tacoma. ST. Louis. and Kansas City.
and.at Duluth and st. Paul I'm the North
west and AT Chattanooga. Augusta, At
lanta and Memphis at the South.
Competition between rival coal compa-
MES still prevents advances OF prices OF
both bituminous and anthracite. and the
outlook for woollen-mil plants is not
quite as bright "a that for cotton-mllls
which are sold well ahead.
?. q. pcs A CO.
NEW YORK, Sept. 6.-R. q. Dun a
Go. In their Weekly Review or
Trade. tomorrow will say:
There Is no real reaction In business.
Gains, which were recognized as tenn
porary are vanishing but there remains
"A decided increase over last year al
though prices average SIS per cent lower
than year ago. Ii needs no keen OBJ
server to see that the reaction against
the rapid advance Of prices Is strong.
Cotton IL strong, but has paused. The
general tendency To curtail purchases
where prices have notably advanced
grows clearer I'm boots and shoes. IN
wool. and In some products Of iron.
Imports are large. but It is stated
that Bradford manufacturers find IL hard
TO get labor enough TO OH their orders
so that delay may cancel many con-
tracts. as inferior quality has cancelled
some already. The cotton manufacture
has risen in cotton. and strong mar
ket TO help but with chance OF A
strike for higher wages.
'"rhe brightest future OF all the hori-
zon is the certainty that the crop OF
corn viii be enormous. FrOsts can now
only affect a small fraction. and the sur
plus Will go I'm the manufacture of meals.
because there Is no other profitable use
for corn.
zone farm product which II strong be-
cause certainly short IN yield rose last
Tuesday TO SOL, but has since declined.
The public observes much skilled and
organized labor In the reports. and also
secs. what many spectators refuse TO
sec-the 100000 bales old American
brought over. IL IL earnestly hoped that
Southern agriculture has not sustained
so great a calamity. The annual reports
show a larger yield last year than has
been supposed, only indicate that moro
cotton must remain I'm the country. be-
sides the uncOnsumed stocks abroad. \
quiet market without much change OF
prices for time. would be blessing 10
the Southerners.
THE tonnage oast-bound from Chicago
was per cent. smaller for the month
than I'm 1892. and the earnings OF all roads
were ii3 per cent. smaller
1.-The demand for commercial and man.
ufactufing loans for the West. 10
somewhat larser, but tho money markets
are still easy.
Failures I'm four weeks ~ August
show liabilities OF <s.0B.g7 Of which 3d.
AiS32 were of manufacturing and -
os2. 3sj OF trading concerns. against 49,
IL, AZ last year: I'm ALL s3.l7s.73D manu-
featuring and sa.077.55s trading. Failures
for the week have been 1856 IN the United
States. agains, 2l9 last year ana IN
Canada, 81. against Il last year
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