Pullman herald. [volume] (Pullman, W.T. [Wash.]) 1888-1989, 1895-10-26
Corner in the Cotton Market the
Disturbing Element.
A WEEKS BANK CLEARANCES
Wheat Is Slow TO Move, Owing TO the
Desire to Hold 1t for Bet
ter Prices.

new YORK, oct. 1S.-R. u. Dun q
Company's Weekly Review Of Trade,
which issues tomorrow, will say:
THE events of the week are promising
in general, though to speculative mar
kets not encouraging. The great ad-
vance in cotton has arrested the eX-
ports and so deranged exchanges that a
shipment of gold was for q time appre-
hended, but the break in the market
indicates that the natural movement
of the product may soon be restored.
The hating of demand and moderate
yielding of prices in the great indus
trial markets show that a season of
reasonable attention to natural cOndi-
tons has arrived. The cotton market
has been partly cornered for early de-
livery by New Orleans operators as
it has twice been in no distant years
by Liverpool spectators. Spinners
here and abroad with much unanimity
refrain from buying largely at current
quotations.
Until the price recedes far enough
to bring out a liberal supply of cotton
bills there will be a possibility of gold
exports, for other merchandise eX-
ports are small, from New York for
two weeks being 10 per cent less than
last year, with imports in the two
weeks of October 20 per cent larger
than last year. In September dutiable
imports were 54.2 and for the nine
months 1913 per cent larger than last
year.
wheat does not go out freely and
the attempt to advance prices on Mon
day was followed by an immediate de-
cline. The Atlantic exports, Qlour in
cluded) have been in the past three
weeks, 4558, 455 bushels. against 7,248,-
Ill last year. The rush of wheat to
market and the largest output of -four
ever known at Minneapolis, are not
evidences of a great shortage in yield,
but the price has been changed only an
eighth for the week.
Corn is stronger without clear rea-
son, for while exports for the three
weeks are 1926, $40 bushels, against 1885,
703 last year, but an insignificant frac-
ton of the great yield can have been
disposed of.
1.-The iron industry is still fully en-
gagged on old orders, but new business
is so scanty that many of the works are
seeking it at some concessions in pric-
es, and only large contracts have been
at $1.75Q1.S0 for bridge plates quoted
at $4,000. Quototions are not lower,
though a good order commands some
discount. Billets sell at $21 and rods at
S28 at Pittsburg.
"The wants of business in ironWare
and nails continue. Mills have to COM
pete in pig iron and other products
with spectators who took large guam
titles on advancing prices and actual
consumption can not sbe fairly meas
ured unless the spectators are out Of
the way.
Textile manufacturers have strong
market 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 and there seems such a halt as
appeared a month ago in iron products.
The prices of some wOrsteds have been
advanced because of advances abroad,
but 1T is as questionable as ever how
far the market can be held by domestic
makers, and wooden manufacturers
have not only to face foreign competi-
ton, but an especial tendency of pop
ular demand toward worsted fabrics
Failures for the week have been
263, against 253 last year.
BANK CLEARANCES.
New York, oct. 1S.-The following table,
compiled by Bradstreet's, shows the total
clearings at the principal cities and the
percentage of increase or decrease as COM
pared with the corresponding week of last
year:
Inc. Dec.
New York .............. $685., 093. 093 277 49,.
Chicago ........ 81. OO3, S45 48 ....