The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1895-11-02
BELOW THE AVERAGE
THE VOLUME OF BUSINESS TIL
WEEK WAS SMALLER
THAN USUAL.
PRINCIPALLY DUE T9 lROUGaT

Even t'~ Tf"@ Recovery OF Cotton
Hs> >uz Increased Confidence and
Thera Is Little Better Demand for
Most Manufactured Goods and ManY
Works Have 8een CIOsed-.It is a
Time of Waiting, and Uncertainty
May Continue for Several Weeks.
NEW YORK, Nov. 1.-R. G.. Dun &
Co.'S Weekly Review of Trade, which
issues TO morrow, will say
The rapid recovery in cotton, and the
rise in sterling exchange to the point at
which the last exports of gold were
made, have not increased confidence.
There is a little better demand for most
manufactured products, retail distribu-
ton is fairly encouraging, and the
closing of many works is less significant
at this season than it might be at others.
1t is time of waiting, and uncertainty
may naturally continue for some weeks.
Cotton speculation turns for the mo-
ment on the disposition of holders to
keep back their cotton, which may com
pei higher prices, some say, however
large thc ultimate supply may be. Re-
celpts are al present very small compared
with last years, and it is stated that
banks here have more money leaned on
cotton, to enable holders to keep it with
out marketing, than ever before. Ex-
ports and takings of spinners are small,
and stocks abroad and here so large that
consumers may be better able to wait
than borrowers from banks. The ten
dency to realize on a moderate advance
was shown on Thursday, though spot
prices remain strong.
The larger demand for manufactured
products has held prices OF cotton goods,
and even advanced some prints, in spite
Of last weeks decline in cotton. The
mills are said to be carrying only moder-
ate stocks.
More activity is also seen in iron and
steel products, though Bessemer and
Greyforge biilets and plates, are little
lower, and the average of quotations
even to day is 2.75 per cent. lower than
at the highest point September 18th, and
per cent. lower than in October three
years ago, and there is also shading of
quotations to secure good business.
Failures for the week have been 27S
in the United States, against gao last
year, and 53 in Canada, against so last
year.
Bradstreet's Weekly Review.
NEW YORK, Nov -Bradstreet's to-
morrow will say;
The volume of general busi-
ness has been smaller this week, due
in part to drought, although the wide
spread rains during the latter portion of
the week have gone far to break the dry
spell.
West and Northwest the commercial
demand has been mainly for staples,
but with a falling off in volume. Ex-
tremes are found at Cincinnati, where
business has been dull, and at Kansas
City, where it is up to the average at
this time, with heavy mail orders.
Larger eastern business centers feel
the effect of the falling off in demand at
the West, notably Boston, Philadelphia
and Pittsburg.
No marked changes are reported from
the Pacific Coast. At San Francisco i'm
provement in prices is shown in few
lines, notably wheat.
Exports of wheat (hour included as
wheat from both coasts of the United
States and from Montreal, aggregate g.,
743, 600 bushels this week, against O.
65S, 900 bushels last week; 1884, 600
bushels in the week one year ago; 2, $780,
600 bushels two years ago, and 3,714, 900
bushels in the like week three years ago.
Bank Clearings for the Week.
NEW YORK, Nov. L. Following are
the total bank clearings for the week
ending November 1, showing increase or
decrease compared with corresponding
week last year:
Total United States, 81, ,O82, $50, 957;
increase, III.
Total outside New York city, $780,
ZIG. 712: increase. 8 g.