The herald., 1895-10-19
COMMERCIAL CONDITIONS
AS Reported by the Professional
Observers
PROMISING IN GENERAL
Though Not Encouraging to the Spec
ulating Class
Apprehension Still Caused by the Results
Likely to Follow the Settlement
on the London narket
Associated Press Special Wire.

Associated Press Special Wire.
NEW YORK, Oct. 1s.-Bradstreet's re-
view of the stock market wall tomorrow
say:
Speculation on the New York stock
exchange for the past week has been al
together professional. The public has
been frightened by the fear of a collapse
of the Inlated mining speculation at
London. This fear proved to be ground
less and fortnightly settem ent went over
without any disaster whatever. AT the
same time the London market is per-
vous and apprehensive. IAnother disturb
ing influence was founu in the sudden
Ind rapid advace in exchange rates.
Gold shipments were confidently ex-
pected, and bear traders put out shorts
on that basis. The subsequent break in
exchange rates to $4.S7@04.S7H is sutfi-
cient reason for the latest recovery in
prices, although the absence of any pub
lie buying of stocks checked any possible
advancing disposition.
There is less push to the general COM
merclal movement this week, as is indi-
Gated by the reports from eastern jobbers
and others. whose travellers have return
ed from trips west and northwest. There
are. of course. noteworthy excpetionst.
Baltimore merchants find relatively
more satisfactory trade. This is largely
due to the remarkably favorable condi-
tons at that point. In general the vol
ume of business appears slightly smaller.
Throughout the west there are unfav-
orable trade conditions, except north of
Missouri and kansas, where there is no
change from the previous moderate vol.
xyh bor
have checked trading somewhat. All
lake ports report active demand for ton
mage tand firm rates. Kansas City an
nounces an active week in commercial
circles, as do Chicago and st. Louis
with the outlook for good seasons
business. At the northwest "hold-your-
wheat sentiment is spreading, but thus
far does not appear to have had much
effect.
Export of wheat from both coasts this
week (tiour included) amout to ., 409 900
bushels, against 2.54, 600 last week. as
compared with 3. 1872. 900 in the same week
year ago, 2, 444, 900 two years ago and
1870 600 In 1892.
NEW YORK, Oct. 1s.-R. G. Dun g.
Co. s weekly REVIEW of trade, which issues
tomorrow, will say:
The events Of the week are promi sing
in general, though to speculative markets
not encouraging.
The great advancs in cotton has arrest
ed exports and deranged exchanges
that shipments of gold were for time
apprehended, but the break in the market
indicates that the natural movement of
the product may soon be restored. The
halting of demand ana moderate yield.
ing of prices in the great industrial mar
kets show that season of reasonable at
tention to natural conditions has arrived.
The cotton market has been partially
cornered for early delivery by New Or
leans operators. as 1t has been twice in
no distant years by Liverpool specula-
tors.
Spinners mere ana abroad with much
unanimity refrain from buying largely
at current quotations.
Until the prices recede far enough to
bring out liberal supply of cotton bills
there Will he posi- bility of gold exports
for other merchandise exports are small
from New York for TWO weeks, being 10
per cent less than last year, with imports
in the.two weeks of October 2 per cent
larger than last year. In September du-
table imports we're 54.2 and for nine
months.53S per cent larger than last year.
Wheat does not go out freely and the
attempt to advance prices on Monday
was followed by an immediate decline.
The Atlantic exports, flour included have
been in the past three weeks 4,55S 55
bushels, against 7,24S Ill last year, and
the big shipments from Russia and of late
from Argentine show that the world is
not obliged to pay Atlantic prices for
American wheat. Western receipts for
the week were remarkably large, T. 733, 900
bushels, and for three weeks 81, 63s, 997,
against Ia OH, 261 last year. The rush of
wheat to market and the largest output of
flour ever known at Minneapolis are mt
evidence OF great shortage in yield,
but the price has changed only an eighth
for the week.
Corn is stronger without clear reason,
for while exports for the three weeks are
$685. bushels, against $50, 7O3 bushels
last year, but an insignificant fraction of
the great yield can have been disposed
OF.
The iron industry IS still fully engaged
on ola orders, but new business is so
scanty that many of the works are seek
ing it at some concessions in prices and
only large contracts have been az 81. rs 10
SLS0 Tor bridge plates quoted at ST. 80
TO ~ Quotations are not lower, though
good order commands some discount
Blllets SCI at $2t and rods at $2S al Pitts
burg.
The want of business in wire and nails
continues. Mills have to compete in mig
iron and other products with speculators
who took large quantities on advancing
prices, and actual consumption cannot
be fairly measured unless the specuIators
are out of the way.
Textile manufacturers have a 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 halt as appeared q
month ago IN IRON products. The prices
OF some worsteds has besn advanced be-
cause of advances abroad, but it is as
questionable as ever how far the marker
can be held by domestic makers, and
woolen manufacturers have not only TO
face foreign competition, but an especial
tendency of popular demand toward
worsted fabrics.
Failures for the week have been 263 in
the United States against 253 last year.
and 46 in Canada against 43 last year.