The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-10-12
COTTON GOODS GO Up
WHILE SOME OTHER MANUFAC"
TURED PRODUCTS SHOW
A DECLINE.
THE GENERAL TRADE CONDITIONS

The Volume of Business Immense, Not
Even Exceeded in the Big Year 1898.
The South Leads in Improved COndi-
tions and is Placing Large Orders
and Paying gromptly-Exports of
Wheat Less Than Those OF Year
Ago-Tncrease In Failures.
New YORK, Oct. Bradstgeet5 to-
morrow will say:
Cooler weather has stimulated a sea
sonabe demand for staple dry goods,
millinery and clothing, and jobbers IN
these lines in all parts of the country
feel the Improvement Relatively most
gain has been made in the South, where
an Improvement is reported in almost
all lines. Interior merchants are placing
more liberal orders than for several years
and larger distributing centers report
sales of goods to the cottol belt and col
lections therefrom exceptionally fine.
The more unfayorable features are
found in disappointment at the modefa-
ton with which wheat is exported from
week to week, the reported weakness IN
pig iron and steel tilets, and in the
competition suffered by domestic woolen
manufactures from abroad.
But an examination of these condl-
tons indicates that if reports OF the size
of the wheat crop and of wheat stocks
carried ont be accepted average weekly
exports from this country, if kept up to
the end Of the crop year, will exhaust
the amount of wheat obtainable for snip
ment abroad.
Export of wheat (wheat flour includ-
ed as wheat, from both coasts of the
United States this week amount to
2,244, 900 bushels, compared with 2, 613 :
900 bushels last week, S317, 900 bushels
in the week a year ago; 2, 862, 900 bushels
two years ago, and with 3,625, 900
bushels three years ago.
Dun's Trade Review.
New YORK, Oct. 11.-R. g. Dun u
Cos Weekly Review of Trade which
issues tomorrow will say:
The price barometer gives indications
that are net entirely favorable. Cotton
goods go up with increasing evidence
that the crop of cotton is short. Prices
of other manufactured products, or
wool, hides and leather, all show some
decline, general abatement in new
orders, being the principal cause. With
an immense volume of business, not
much exceeded in the largest month
of the exceptional year 1892, and with
evidence that in several important
branches the volume surpassed that
of any previous year, there is growing
uncertainty about the near future OF
industries Money markets are neither
strained nor threatening, foreiga ex-
changes no longer raise apprehension,
and all fears about the great northern
crops are past There have been few ad-
vance in wages of labor within the past
month, and only few works have been
closed by strikers for an advance. The
cotton manufacture is peculiarly favored
by the rise in materials, and by the ex-
traordinary stocks of cotton brought
over from last year, but goods are also
advancing, those quoted last week now
averaging 90.8 against 87.5 per cent OF
the prices of 1890.
1t is too es.rly for cotton movements to
cast much light on the probable yield.
Port receipts thus far, % per cent smaller
than last year, do not indicate as small
crop as many feared, in view of the
lateness of picking. Widely circulated
advices to hold back cotton have some
influence also. AT present prices, aver
aging 1-2 cents in Southern markets,
against So cents year ago, 1000, 900
bales would bring $l3,000,000 more
than 9, 900, 900 bales brought last year.
Failures for the week have included
two banks and several concerns of some
size, and have been 26S in the United
States against 231 last year, and 50 in
Canada against 43 last year.