The morning news. [volume] (Savannah, Ga.) 1887-1900, 1895-10-26
COTTON MAY BEGIN TO MOVE.
nrN EXPECTS THE LOWER PRICES
TO HELP TRADE.

hides Also Take a Tumble and
Leather Weaker, But the Price OF
Roots and shoes Not Affected Yet.
No Trouble in the Money Markets
and the Existing Labor Troubles
of No ImpOFtance-Textile Manu-
facturers Disturbed by the Decline
in Cotton.
New York, Oct 25-R. C. Dun & Co..
q, their weekly review of trade, issued to-
morrow. will say: "The failures in Octo-
her thus far show liabilities Of S7,624, 81,
of which s.. 9Ss. 175 were of manufacturing
and 1851, 500 of trading concerns. Last
YEAR the aggregate was s.. 6S9.741, of which
81 go 81 was of manufacturing and s., $50
81 of trading concerns. In 1893 the fall
ures in the same week were S15.O72. $40.
The failures this week are 81 in the United
states, against 2S1 last year.
Ten days ago gold exports seemed
very near. But the break in cotton. which
then began ripened on Monday into a
collapse sufficient to Justify hope of a free
movement.
Hides have also dropped sharply at Chi
cago; leather is weaker and the adjust
ment of prices to real instead of magma
~ conditions progresses rapidly. Already
lower prices in iron have brought out
some important contracts.
Labor difficulties, though including
strike of many Pennsylvania coal miners
who do not seem to be succeeding, are on
the whole of no serious Importance.
THE money markets cause remarkably
little trouble, considering the heavy move
ment of products.
Cooler weather has generally helped
retail trade, and with increased consump-
Iu~ mil IfaVqu Hl.snw
for better business.
Iron boasts some good contracts this
week, one from Russia for several months
production OF armOr plate by the Carnegie
works, one for government appraisers
stores here and others for 1900 freight
cars with prospect of as many more.
Bessemer pig advances, but finished pro-
ducts on the whole decline as much other
pig iron not rising. 1t is too late in the
season for good business in structural
forms or pipes, and tank steel is lower,
with sheets weaker. Rails to Oct l.
$4,000 tons delivered and 70S,OO0 tons sold
make a pitiful record for works which
nave turned out over 100000 tons in a
year, but this only renders more sur
prising the increases in other uses of
ron; Whether tin plate works will take
51OO0,VO pounds of steel this year as the
latest official report indicates will de-
pend on prices, and sales of coke below
the latest established prices are noticed,
with the largest production on record.
Textile manufacturers have been for
the moment disturbed rather than helped
by the decline in cotton, as it checks buy
ing of some fabrics, with lower prices for
print cloths, and prospects of lower prices
for other goods. The demand for worst
eds and dress goods is encouraging, while
in wooden goods the situation does not
Although hides have fallen fully &c
at Chicago and some kinds of leather
are lower, quotations of boots and shoes
do not change, and many factories have
stopped for a. time.
1.-The exports for the week are 40 per
larger than last year, but the imports
were for the week "a per cent, and for
last year. obviously moderate move
ment of securities this way or any Sc
rious check in exports of cotton will af-
Bradstreet's tomorrow will say: 1.-THE
volume of general trade for two weeks
has hardly reached expectations and
now. assumes the character of between
seasons. Wholesale dealers in seasonal
BILE staples, such as dry goods, clothing,
hats and shoe, report only fairly active
business, the exceptions being at such
points as New York, Baltimore, Chicago,
Kansas City and Duluth.
1.-The total number of failures through
out the. United States during the week is
259, against 2S9 for the previous week,
and 22l 329 and 220 for the corresponding
weeks in 1891, 1893 and 1892.
"A noteworthy feature of the week is
the revival in the demand for pig iron,
the upward tendency in the quotations
Of the leading cereals and the liquidation
in the cotton market Sales of cotton
goods have been helped by favorable
weather. and eastern as well as south
ern mills are well sold up. Wool remains
steady in price, and holders look for an
advance.
while the bank clearings total this
week is still of large proportions, $1,151.-
10000. it falls off l per cent. from last
week, due in part to the check in the
volume of general trade, indications of
which have been noted for a fortnight.
But this weeks clearings are rs per cent.
heavier than in the like week last year.
Az the south Ihe reactlon IN the cotton
Texas distributing points reporting
temporary check in the demand This is
true also at Nashville, Jacksonville, Au-
points throughout the south collections
continue good and general trade satisfac-
tory