The watchman and southron. [volume] (Sumter, S.C.) 1881-1930, 1895-10-02
Trade Conditions.
Review ofGoverning Features
the Past Wek.

kNEN i CnA - ~ ~ - -"
g. Co in their Weekly Review of Trade
say The full. statement of about >. 800
coumercial failures for the third quar-
ter of 1895 will be published next week,
and will show liabilities Of ab"u. $50
600 900, of which about Sll 900, 600
have been of manufacturing aud $t7,-
COO 600 OF trading concerns 10 the
same quarter Of last year the failures
we're 1865 aud the liabilities S29. .41l,-
1876. of which S12,33lS92 were of
manufacturing and Sl5.1S1 23O of
trading concerns.
The weeks reports are highly enccur.
aging az to monetary matters. although
exports of gold still con'inue, and also
as to the cotton manufacture. but not
as satisfactory regarding iron. wooleo,
leather or silkeu manufactures. The
speculation 10 cotton has lifted the price
5 8 during the past week. and the
quotations here are so much higher than
at Liverpool that free exports cannot
be expected. II seems no longer possi-
ble to hope for a. good crop, ADD Neil!
Bros have issued circular predicting
yield of only 10000 bales. The
accounts of injury aud loss grow more
dismal each week, and while they may
be some what exaggerated. the general
outlook is decidedly unfavorable
Bu, for the extraordinary supplies
carried ever from last year the manu-
facturers here and abroad would be III
trouble But prices of goods rise each
week. adding to the profits of mills
which oo boto sides of the ocean cao
use for somo time to come old cotton
bought at low prices. 1t is not yet
clear bow far the consumption will
sup2or: the manufacture at the pres
eus prices for goods. though the de-
msud from dealers is naturally urgent.
while the msrke, for the raw material
is constantly rising There is still
some chance of strike 10 Fall River
mills, though the rise in prices will
make it easier for The mills to graut
some advance in wages.
Nothing is clear about the iron and
steel manufacture, bu. some Of the lar
gest Pittsburg concerns. protesting TO
have orders for months ahead. are bid
dug for small contracts in Eastern
markets a, 81 to s1.50 per ton less
than the quoted rate Some say that it
is done TO press the market, and again
i. is though, that the object may be
to buy materials. but contracts have
been made a, the Fast for 250. 900 tons
of foreign ore to be used in bessemer
iron making at Eastern furnaces. and
the termination of the Markuette strike
sets free about 100000 tons more Of
Bessemer ore within the period Of lake
navigation. The strike Of coke work
ers at Connellsvile seems to have been
avoided. The Iron Age says that moth
ing can explain the situation except
some large movement iu steel rails no,
yet made Known. For the 6rst week
10 many months the average prices OF
iron aod steel products shows no change
whatever. thoagh the demand for foish-
ed products is distinctly reduced.
The exports Of gold, though not as
large as they were some months ago,
cause some disquiet in view Of the dis
banding of the bond syndicate. Money
has gone to the interior rather largely
aud there is considerable increase 10 the
volume of commercial loans.
Failures for the week have been PIE
10 the United States against 235 las
year, aud so in Canada against 55 las
year.