The record-union., 1895-10-05
REVIEW OF TRADE.
FAVORABLE OUTLOOK FOR THE
FALL SEASON.
Exports OF Grain From tho South and
on the Pacific Coast Expected to
be- Large This Season.

New YORK, Oct. 4.-Bradstreets to-
morrow will say: Seasonable weather
has stimulated sales OF merchandise, and
increased the prospects of favorable fall
trade. Among the less favorable features
are moderate demand in staple lines on
the Pacific Coast, a reaction in the vol
ume of business at Baltimore, and the
check to the advance in prices of iron and
steel, with a reaction OF about 81 per ton
at Ohio Valley and Pennsylvania centers.
The demand for lake freights is active,
and rates are tending up. New Orleans
reports large freight room engagements
for December and January to load grain,
and on the Pacific Coast Seattle an
nounces that it will export about 200, 900
bushels of wheat this season.
FIGURES FURNISHED BY DUN & co.
NEW YORK, Oct. Ar. q. Dun IL Co.,
in their weekly review Of trade, to- NOR
row will say:
Commercial failures in the third quar-
ter Of 1893 were 2,792, with liabilities of
S32, l6|, l19. averaging Sl1, ,o2l per firm,
against Sl0,0Ao last year. about 10 per
cent more. The rate of commercial NOR
tally, :. 81 failures in quarter for every
I,OOO firms in business, Is lower than last
year, and the proportion of defaulted liza
bilities to the solvent business reported
by payments through Clearing houses is
but z. ~ per l,OO0, against III last year.
highly i'm portant comparisons OF prices
this week show about September Sd the
lowest range ever known for Wholesale
prices OF all commodities, notwithstand-
ing advances since March of 20 per cent
in cotton goods. 40 per cent. in boots and
shoes, and 53 per cent. in iron and steel
products, while in wooden goods there
hag lyyo n Il al
food products, taken together, fall OF II
per cent
Under the appropriate headings are
given details OF the movements OF differ
ent products with their causes, the most
important being the unprecedented crop
OF corn and oats, larger crop of wheat
than false representation led the world TO
expect, an enormous demand for manu-
factured goods to replenish depleted
stocks when prices began TO rise, and
decrease in the yield of cotton.
The cotton market has mounted above
9 cents, and holds in spite of realizing
but as the crop is late and quite largely
held back, does not yet feel the influence
OF the receipts natural at this date. Re-
ports of injury and low estimates of Weld
have impressed all minds, while few re-
member the stocks brought over. Re-
celpts are growing, but for the month
have been 1000 bales less than last year.
Wheat Is a shade weaker. While " est
ern receipts have been 6, $50, 44 bushels
against 4,4o1, l04 last year, Atlantic ex-
ports have been only l,03S, I97 bushels,
against 2, 19l ,4S9 last year.
Reports from otifer centers at the end of
the quarter are highly cheering in facts
recorded. and reflect hopeful spirit. Be-
yond question the quarter has shown
astonishing improvement in some
branches, and retail distribution has been
good, though not commensurate with
speculative wholesale purchases, as prices
were rising. Hence, there is a marked
decrease in buying, which some branches
of Industry begin TO feel.
Railroad earnings for nine months are
anaIyzed, showing by classes of roads the
gain or loss each month compared with
1894 and 1892. every month showing some
aggregate gain this year over 1894, though
not In all classes. Compared with IS92,
all classes fall beyond each month. Sep
TENT shows gain of 3.5 per cent over
last year, but loss of I2.2 per cent COM
pared with 1892. The tonnage from Chi
cago in September was but slightly
smaller than in 1892. and only per cent.
smaller for the quarter
Stocks, although dull, have been strong,
with slight advance, more because gold
exports have ceased than because of active
traffic. The big corn crop. aud the belief
that the Pennsylvania Central now con-
trolls the Lehigh and will raise coal rates,
are both helping.
The Pennsylvania Central has ordered
10000 tons of steel rails, and other roads
$4,000, but the steel-makers having
| bought their pig, Bessemer is lower, and
also gray forge, and the demand for fin
ished product is decidedly smaller. so
that the average of iron prices turns
down for the first time since February,
Coke workers gain 8 per cent more
wages and coke is raised Is 10 So per cent.
The money market is stronger, with
heavy demands from the interior All
fears Of gold export have ceased.
Failures in three days have been 2O7 In
the United States. against PIG last year,
and forty-one in Canada, against forty
last year.