Birmingham age-herald., 1895-09-28
COTTON E NOW THE THING Net Gain for the Week Has Been
 5-8 of a Cent. THE CROP IS SURELY SHORT Nel Brothers in Their Circular Came Down
 to Seven Milton Bales. SINNERS REALIZING GOOD PROFITS Trouble May Blow Over at Fall River-The Iron Market Is Com plex-No Ad-
 vance This Week-A Small
 List of Failures.
THE CROP IS SURELY SHORT
SINNERS REALIZING GOOD PROFIT

New York. Sept 27.-R. G. Dun & Go. in their weekly review of trade tomor- row will say:
 The full statement of about 2SO) com mercial failures for the third quarter of 1895 will be published next week and will show liabilities of about $3OOO0,000 of which about $11 ,000, 900 have been of man. ufaeturing and 7,6O0, 900 of trading con- cerns. In the same quarter last year the failures were 2S6S and the liabilities $29, All, ,196, of which s12,231 1892 were of manu- facturing and S15, ,1S1 ,23O of trading con cerns.
 The weeks reports are highly encour- aging as to monetary matters, although exports of gold still continue and also as to the cotton manufacture, but not as satisfactory regarding iron, woolen, leather or silk manufa ctures.
 The speculation in cotton has lifted the price B of a cent during the past week and quotations here are so much higher than at Liverpool that free ex- portations cannot be expected. It seems no longer possible to look for a good crop. and Neill Bros. have issued a circu- lar predicting a yield of only 7,O0O,000 bales. The accounts of injury ana loss grow more dismal each week, and while  outlook is decidedly unfavorable. But for the extraordinary supplies carried over from last year the manufacturers here and abroad would be In trouble. But prices of goods rise each week, add ing to the profit of the mills which on Doth sides of the ocean can use for some time to come old cotton bought at low prices. It Is not quite clear how far the consumption will support the manufac- turer at the present rate and at present h had nTln dealers is naturally urgent, while the market for the raw material Is constant ly rising. There is still some chance of a strike In Fall River mills, though the rise In prices will make it easier for the mills to grant some advance In wages.
 Nothing Is clear about the iron and steel manufacture, but some of the larg- est Pittsburg concerns, ,professing to have orders for many months ahead, are bid ding for small contracts in eastern mar kets al $1 to 1.50 per ton less than the quoted rate Some say that it is done to depress the market, and again 1t IS thought that the object may be to buy materials; but contracts have been made at the east for 250,000 tons of foreign ore to be used in Bessemer ore within the period of lake navigation.
 The strike of coke workers at Con- nellsville seems to have been avoided. The Iron Age reasons that nothing can explain the situation except some large move in steel rails nOt yet maue knoWIl. For the first week in many months the average of prices of iron and steel prod ucts show no change whatever, though the demand for finished products is dis tnctly reduced.
 The exports of gold, though not as large es they were some weeks ago, cause some lisouet in view of the disbanding of the bond syndicate. Money has gone to the interior rather largely. and there is con siderable increase in volume of commer- cial loans. Failures for the week have been PIG in the United States. against 235 last year. and 90 in Canada, against 65 last year.