The record-union., 1895-11-02
TRADE REVIEW THE PAST WEEK.
BETTER DEMAND FOR MANU-
FACTURED PRODUCTS.
An Uncertainty Likely to Prevail for
Several w eeks, Though the Out
look Is Encouraging.

NEW YORK. Oct. 1.-R. G.. Dun &
Co.'s weekly review of trade, to be is
sued tomorrow, will say:
Failures in October thus far reported
show liabilities of SIl, 120, 4S3, against S.
206. S92 last year and sis, ,y95, 494 in 1893.
Failures for the week have been 27S in
the nlted States, against 249 last year,
and % in Canada. against 80 last year.
The rapid recovery in cotton and the
rise i'll sterling exchange TO the point at
which the last exports of gold were
made, have not increased confidence
Whether cotton is kept back by planters,
as many reason, or by speculators. makes
no particular difference. Merchandise
imports for the past four weeks at New
York were 81 per cent, or $40, zoo, 600,
larger than last year, and so far exceed
merchandise exports for the past four
weeks al New York 1872 per cent, or g.
| G00,00O, larger than last year.
stock and other speculative markets
have been affected. Selling on foreign
account and a break in "Philadelphia
katfirs," as some call industrials OF that
city, have helped TO depress railroad
stocks about 80 cents por share and trust
stocks 81 u per share.
There is little better demand for most
manufactured products. Retail distribu-
ton is fairly encouraging, and the closing
season than it might at others. Ii is q
| time OF waiting and uncertainty which
may naturally continue for some weeks.
Cotton has risen to cents again. Spec
ulation turns for the moment on the dis
position of holders to keep back their
cotton, which may compel prices, some
DAY, however large the ultimate supply
may be. Receipts are at present very
small compared with last years s. and it Is
stated that banks here have more money
loaned, on cotton to enable holders to
keep II without marketing, than ever be-
fore. Exports and taklngs of splnnerS
are small. and stocks abroad and here
are SO large that consumers may be bet
ter able to wait than borrowers from
banks. The tendency to realize on a
moderate advance was shown on Thurs
day, though spot prices remain strong.
heat has declined Il cents and corn
q cents, in spite of many adverse reports
about winter wheat. which will be mar
keted nine months hence. Pork and lard
are not much changed, though hog re-
ceipts and packing are heavy.
The heavy wheat and corn movement
help railroads. but the earnings thus far
reported for October, 5.3 per cent. larger
than last year, the third week showing
less gain than the others, are "a per cent.
smaller than in 1892.
The larger demand for manufactured
products has held prices of cotton goods,
and even advanced some prints, in spite
OF last weeks decline in cotton.
More activity Is also seen in iron and
steel products, though Bessemer and
Gray FORGE 5illets ana plates are little
| lower. contracts Tor luke ore hang fire,
because wheat pays 81 % for the room on
which ore would pay 81 10 from the head
of the lakes. The nail com binatiOn re-
duced It's November output to one-third
its usual quantity, and the nail output
this year mas BEEN only about half the
quantity required for renewals alone,
which shows the enormous increase in
use OF steel for building and other pur-
poses.
Minor metals are a shade weaker, and
American ten plate makers are taking a
good part OF the business by selling at
ten cents below prices Tor foreign plate.
Many shoe factories have closed. and
the shipments for four weeks have been
"a per cent. less than last year. The con-
trolling fact is that hides have fallen half
a cent for the week, and II per cent. from
the highest point, and leather is declining
rapidly, but boot and shoe quotations are
but slightly reduced. Nor has the de-
mand for woolens improved and every
week the closing of additional mills is
noted. a larg ger demand Is expected when
the next season opens.
:
by exchanges through the principal
clearing houses is l746 per cent. larger
than last year for the closing week OF Oc-
tober, but 22.S per cent. less than in 1892,
and reflects in part the extraordinary
speculation in cotton.
NEW YORK, Nov. l.-Bradstreet' S
tomorrow will say: \ o marked changes
are reported from the Pacific Coast. At
San Francisco improvement i'll prices is
shown in few lines, notably wheat. At
Seattle the volume OF business last month
was larger than in Septem Der. Trade at
| Tacoma is quiet, but importations dur
ing October were valued at nearly 50, 5,000,-
900. Portland advices are that large
shipments are being made to China,
Mexico and California. while sales at the
East are heavier, and prices higher.
Exports of wheat flour includedl from
both coasts of the United States and from
Montreal aggregate 2, ,743, 600 bushels this
week, against z, ,65S. coo last week, 2, 1884, 0j0
bushels IN the week one year ago, $3.50,
600 bushels two years ago and 3,7l4, 900
bushels In the like week three years ago