The times. [volume] (Richmond, Va.) 1890-1903, 1895-10-12
WEEKLY TRADE REVIEW
COOLER WEATHER. STIMULATES
STAPLE DRY GOODS.
Moderate Wheat Exports-Continusd Ad-
vance In the Price of Cotton and
freer Movement.

NEW YORK. oct. u.--Bradstreets to- /
morrow will say:
Cooler weather has stimulated a sea-
sonable demand for staple dry goods. |
millinery. and clothing. and Jobbers in l
these lines in all parts OF the country !
feel the Improvement.
Relatively. most gain has been at the /
South. where an Improvement is reported /
In almost all lines.
Interior merchants are reporting more |!
liberal orders taken than for seveal /
years, and large distributing centres re-
port sales OF goods 10 the cotton belt |
and collections therefrom exceptionally |
Tree.
The more unfavorable features are |
found in the disappointment at the mod /
GRAFTON with when wheat Is exported |
from week to week, the reported weak
ness ia plg-iron. and steel Dillets, and III !
I the competition suffered by domestic WOOL |
len manufactures from abroad.
But an examination OF these conditions !
indicates that II reports OF the size OF 7.
| the wheat crop and oil wheat stocks car |
| ricd over be accepted, average weekly eA-
| ports from this country, II kept up 10 the !
| end OF the crop year, viii exhaust the !
amount of wheat available ior shipment
/ abroad.
The total number Of business failures
i throughout the United States number 20
this week. against 20 last week, rs III
the week a year ago, TO twu years ago.
and lgl in ISy2.
ENCOURAGING TEATUEss.
More encouraging business features are
found in the continued advance in the
| price OF cotton, which, in turn, has put
up prices Of several varieties of cotton
sooGs, and in the prospect for the main
| tenance OF these rates, which. with ireer
movement of cotton at the South, are
| having a very favorable influence on the |
business Of that portion Of the coun-
! Try.
St. Louis merchants wire that South !
en merchants are outdoing themselves !
| in placing orders.
Reports 10 Bradstreets OF gross rail- /
way earnings IN september point 20 a {
continuous growth Of railway transpor-
tation business as the autumn advances,
accompanied by enlarged gains over cor !
responding periods in 1884.
Increases are most numerous and per I
centages of gain largest among the !
granger and Southern roads, pointing TO !
large movement OF merchandise, grain, /
and cotton in sections which have here |
|
Il. G. pUN co.
NEW YORK. oct. m.-R. G. Dun & /
| Co.. in their Weekly Review OF |
| Trade. will say:
THE price barometer gives indications
that are not entirely favorable. Cotton
goods 80 up. with Increasing evidence
| that the crop OF cotton Is short Prices
Of other manufacturing products. OF wool,
hides. and leather all show some decline,
| a general abatement in new orders being
| the principal cause. With an immense
| volume of business, not much exceeded
! in the largest months Of the exceptional
| year 1892. and with evidence that in sew
! eral important branches the volume has
| surpassed that OF any previous year, and
| that there is "A growing uncertainty about
| the near future Of industries. money
markets are neither strained nor threat
! ening. Foreign exchange no longer
! raises apprehension. for all fears about
| the great Northwestern crops are past.
There have been few advances of wages
Of labor within the past month. and only
a few works have been closed by strikes
| for an advance.
The main cause OF decreased orders
| has been repeatedly pointed out by this
| journal during the past half-year. When
| business began 10 revive, million
| traders were i'm haste 10 order not only
given time. but enough more 10 roplen-
sh stocks which had been cut down al
most 20 bare shelves by two years of
! prOstratiOn.
nUIlNG TxcTFDED CoNsUMPTIoN.
Thus the buying was much in
excess Of real consumption within the
| given time. Also. as prices rose, many
hastened TO buy in advance of visible
needs. hoping that every purchase would
mean a gain. while muititudes hurried 10
get in their orders before competitors (
could buy as cheaply. Under such con-
diucns, buying continued for six months, /
| and still continues. i'm cotton goods, !
| which have risen less than the material. /
| But in most manufactured products buy /
! ing. for the same reason, can no longer !
be- expected, and the steady ana regular !
consumption is not yet known.
In wOOlleu manufactures, a demand for I
dress goods. and some speciaties keeps
many fully employed; but most of the +
works making mems woollens for which /.
| new orders are scanty, find not enough /
| 10 keep them running. To pile mp goods /
| i'm advance. wholly I'm the dark as 10 3
| future foreign competition. Involves such /
risk that some concerns may close LOT q B
time.
II is too early for cotton movements F.
10 cast much light on the probable /
WELD. Port receipts thus far are p
I
| per cent. smaller than last year. but DO |
not indicate as small a crop as many
! fear. i'm view OF the known lateness on
/ picsing Widely circulated adVices TO
/ old back cotton have some influence also.
! AT presert prices averaging IL cents lh
! sourberu markets. against 53-i cents
wear ago. 10000 bales would bring
sl3.0OoOoO more than $4,000 bales brought
| last wear. Some months ago Dun's Re
| view predicted that 5000" bales o.
American cotton would be carried over
and was much criticized by some.
Mr. Ellyson. the final European au-
thority shows that 2,s'HvD pales N,r WI,
bel6 september list in ports and AZ mills /
here and abroad.
Failures for the week have included
two banks and several concerns OF some
s. n n RI " \