The times. [volume] (Richmond, Va.) 1890-1903, 1895-10-26
WEEKLY TRADE REVIEW
THE REVIVAL IN DEMAND FOR
RIG IRON n FEATUKE.
An Upward Tendency In Quotations o'
Leading Cereals-The cotton ""r
ket-Genera11y Quiet.

NEW YORK. oct. 5.-R. G. Dun q
Company, In their weekly re'ie" Vi
trade issued tomorrow, VIII say
Failures i'm October thus TAR show ia
biIities OF S.G2l.5gi. of which S,s5o'i'o
we're of manufacturing, and $S.62l,ooJ OF
trading concerns. -,
Last year the aggregate was S''o'''ioi'
Of which 2.ezy ,6l was of manufacturing
and S299567 of trading concerns III
1893 failures the same week were sio'-
012 go.
Failures this ween are 81 IN inc
United States, against 3A last year.
Ten days ago gold exports seemed very
necessary. But the break In cotton
which then began ripened on Monday
into "A collapse sufficient 10 JUSTIFY hoPe
OF "A free movement.
Hides have also dropped sharply al
Chicago.
Already lower prices in iron have
brought out some important contracts
Labor difficulties, though including
strike Of many Pennsylvania coal-ininers'
who do not seem to be scheduled, are,
on the whole, OF no serious Importance
Money markets cause remarkably niue
trouble Cooler weather has generally
prevailed.
Iron boasts some good contracts this
week. one from Russia for several
months production OF armor-plate by the
Carnegie Works; one for Government APP
praisers' stores here. and others for $50
freight cars, with prospect of as many
more.
Brssemer pig advances, but finished
products. on the whole, decline as much,
other pig-iron not rising.
II is too late in the season for good
business in structural forms or pipes
and tank-steels is lower, with wheels
weaker.
Rails TO October 1st-J70,ooJ tons deliv-
cred and 70sCo1 tons sOld-make pitt
full record for works which have turned
out over 10000 tons IN a year. but TINS
renders more surprising the increase IN
other uses Of iron. Whether tin-plate
will take S0c0D,OOO pounds of steel, as
the latest official report indicates, viii de-
pend on prices, and sales of coke below
the latest established prices are noticed.
with the largest production on record.
Textile manufactures have been for the
moment disturbed rather Than helped
by the decline in cotton, as II checks
buying Of some fabrics, with lower prices
for print cloths. and prospects Of lower
prices for some other goods.
The demand for worsteds and dress
goods is encouraging while in woollen
goods the situation does not improve
Although hides have fallen half cent
at Chicago. and some kinds OF leather are
lower. quotations Of boots and shoes 90
not change and many factories have stop
ped for a time.
Exports for the week are 40 per cent.
and for three weeks per cent larger
than last year. but imports were for the
week "A per cent. and for three weeks
SiS per cent larger than last year. CD
vousiy a moderate movement OF securi-
ties this way or any serious check in eX-
ports of cotton would quickly affect ex-
change.
BRADsTRFIT.
Bradstreet's tomorrow Will say: "The
volume of general trade for TWO weeks
has hardly reached expectations, ana
now assumes the character OF between
seasons
Wholesale dealers in seasonable staples.
such as dry goods clothing. hats ana
shoes. report only fairly active business
exceptions being at such points as New
York. Baltimore, Chicago, Kansas City
and Duluth
The total number of failures through
ont the United States during the week Is
259 against 2S9 for the previous week ana
22l. 32g and 22l for the corresponding weeks
in 1SJi, 1898, and 1872
\ noteworthy feature of the week IS
upward tendency in quotations OF leading
cereals and the liquidation In the cotton
market. Sales of cotton goods have been
helped by favorable weather and east
ern as well as southern mills are wei
sold up.
Wool remains steady in prices, ana mold
ers look for an advance, while the BANK
clearinps' total this week Is still OF large
PROPORTIONS. Sli5l 10000; il falls of per
cent. from last week. due in part 10 the
check i'm the value Of general trade. IN
dications Of which have been noted Tor
a fortnight.
Rut this weeks clearings are 70 per
cent. heavier than in the like week last
year.
At the South the reaction in the cot
ton market has made itself ielt dealers
I'm Texas distributing points reporting q
Temporary check in the demand. rms
is true also at Nashville Jacksonville.
Augusta and Savannah. But al many
other points throughout the South coilec-
tons continues good and general traae
satisfactory.