Birmingham state herald., 1895-10-19
THE SOUTH |S ALL RIGHT But Trade Elsewhere Is Not so
 Good. DUN KEPT BUSY EXPLAINING Why Certain Industries Are Compelled to Shut
 Up Shop. HIGHER PRICES FOR COTTON GOODS Are Due to a Short Crop and Corner on Cot ton by New Orleans Houses-New Orders in the Iron Business
 Are Scarce.
HIGHER PRICES FOR COTTON GOOD

New York, Oct. 1S.-Dun's review to- morrow will say:
 Failures for October thus far cover liabilities of $3,925,599 of which $1536, 265 were of manufacturing and $2185,534 of trading concerns. Failures for the week have been 263 in the United States, against 253 last year; and 46 in Canada, against 43 last year.
 The events of the week are promising in nature. The great advance in cotton had arrested exports and so deranged exchange that shipments of gold were for a. time apprehended, but the break in the market indicates that the natural move
 ment of the product may soon be re- stored The halting of demand and moderate yielding of prices in the great industrial markets shows that a season of reasonable attention to natural condi- tions has arrived and gives hope that the future demand will be more nearly proportioned to actual consumption. The week has brought little further decline in iron and steel products in hides and leather and a more yielding tone in boots and shoes.
 Wheat does not go out freely, and the attempt to advance prices on Monday was followed by an immediate decline. The iron industry is still fully engaged on old orders, but new business IS so scanty that many of the new works are seeking 1t at some concessions Tn price
 and the only large contracts have been
 at 175 to 1S0 for bridge plates quoted at 1.9 to 20 cents. Quotations are not lower, though any good order commands
 some discount. Billets sell at Szl ana rods at BPS at Pittsburg, want of business in wire and wire nails continuing. Mllls
 have to compete in pig iron and other products with speculators, who took large quantities On advancing prices, ana act ual consumption will not be fairly meas ured until the effects of the speculation
 are out of the way. So in boots ana shoes; dealers throughout the country supplied themselves so largely when prices were advancing that many shops are laying off cutters, and others are Closing for want of orders Boston shipments are 23 per cent smaller than last year.
 Textile manufacturers have strong
 markets for materials to support them But scarcely any advance IS seen tIis
 week in cotton goods, though the rise Tor the month has averaged Al per cent. IHe
 price of some worsteds has been ad-
 yanced because of the advance abroad, bnt if ia as questionable as ever how far the market can be held by domestic
 makers and woolen manufacturers nave to face not only competition, put an es-
 pecfal tendency of popular demand to-
 ward worsted fabrics. Sales or WOOL
 21. .209. 700 pounds at the three chief mar
 kets. against IS, ,7O2, 800 in 1893. greatly ex-
 ceed actual consumption. Money mar
 kets have been easier with foreign ex-
 change higher, and the demand for crop
 purposes is remarkably small, while com mercial offerings are increased by nm norters settlements in advance on prof1- table business. Clearings for the past
 week are 233 per cent larger than last
 year, but 14.7 per cent less than in 1892.