The times. [volume] (Richmond, Va.) 1890-1903, 1895-11-02
WEEKLY TRADE REVIEW
MORE dCTfvITf SHOWN ~ Ih0'
AND srEEE PRODUCTS.
Inc Effect Of the Condition of the Co'to"
Msrket-Nolume Of General
business smaller.

NEW YORK, Nov i.-R. G.. Dun a
Co.'S Weekly Review Of Trade, 20 be
Issued tomorrow. will say:
Failures in October ti.us far reported
show liabilities OF SiI.lg).4ss. against s..
Ev''S'- last year ana Sis995.i9i In 1ssS.
Failures for the week have been rs I'm
the United States against 2i9 last year.
ana % III Canada. against 70 last year
The rapid recovery IN cotton and the
rise IN sterling exchange 70 the point at
whicn the last reports OF goii were made.
nave not increased confidence Whether
cotton Is kept back by planters as many
reason, or by spectators. makes 10 prac-
teal difference N merchandise imports
tor the past four weeks al New York q.
per cent. or SlO.3D.OoO larger than last
year, 50 far exceed merchandlse exports
Nor the past four weeks az New YorK 1919
per cent, or &.H0,O0 larger than last
year.. as 10 cause shipments OF gold
There Is little better demand for mos,
manufactured products. Retail dlstribu-
ton rs fairly encouraging and the closing
OF many works is less significant at this
season than II might be at others. IL Is
time OF waiting and uncertainty that
may naturally continue FOR some wcpeks
Cotton has risen 70 . cents again. Specu-
laton turns for the moment on the dis
position of holders to keep back their
cotton, which may compel higher prices
some say, however large the ultimate
very small compared with last year, and
IL Is stated that banks here have moro
money loaned on cotton 10 enable holders
To keep II without marketing than ever
before. Exports ana takings Of spinners
are small, and stocks abroad and here are
so large that consumers may be better
able 10 walt than borrowers from banks.
The tendency 10 realize on moderate
advance was shown on Thursday though
spot prices remain strong.
The larger demand for manufactured
products has held prices OF cotton goods,
and even advanced some prints. I'm spite
OF last weeks decline in cotton. More ac-
uVity IL also seen I'm iron and steel pro-
ducts, though Bessemer and gray forge
billets and plates are little lower. Con-
tracts for Lake ore hang fire because IL
pays 81 % for the room. or would pay sl.lO
from the head Of the lakes. The nail
combination reduced its November output
To third It's usual quantity. and the
rail- output this year has been only about
half the quantity required for renewals
alone, which shows the enormous increase
In use OF steel for building and other pur-
poses Minor metals are shade weaker.
ana American tin-plate makers are taking
a good part OF the business by selling az
10 cents below prices FOR foreign plate
The volume Of domestic trade shown by
exchanges through the principal clearing
houses is ia larger than any year Tor
the closing week In October. but Z2S per
cent. less than i'm 1892 and reflects in part
the extraordinary speculation In cotton.
BRADsTRrFrf.
Bradstreets tomorrow viii say.
The volume of general business has
been smaller this week, due IN part TO the
drought, although the widespread rains
during the latter portion OF the wees
have gone far 10 break the dry spell
West and Northwest the commercial
demand has been mainly for staples,
buI with falling OF IN volume
Larger eastern business centres feel
Of f4N of
at the West. notably Boston. Philade.-
phia, and Pittsburg.
At the South general trade among job
b rs at most points Is only fair. and IA
some sections mercantile collections aye
slower with farmers holding their crops.
Business at New Orleans az the close
of the month Is smaller IN volume. as
is usual. Galveston reports very little
Texac cotton remaining IN producers
hands and receipts falling OF sharply
But general trade has improved somewhat
at Memphis, Atlanta, and Augusta, and
to a greater extent at birmingham. whore
the output of coal and iron is mucn
larger than heretofore, and the number
of employees at work correspOndingly In
creased, with the prospects more favor
able than for months past 81. Louis
iObbers believe next springs business
at the South will be the heaviest FOR
years.
Industrial lines retain the features 81
previous weeks. Production OF iron anu
steel remains az the full with more
steadiness IN prices than last week.
Eastern advices are that dizziness char
acterizes the shoe Industry. and many
factories are idle Business I'm wool has
fallen off One-half manufacturers hav-
ing filled immediate requirements, and
prefer 10 waiting until the goods market
Starts up before buying further. Recent
weather conditions helped retailers or
cotton goods. which have remained nrm
i'm price Notwithstanding the break IN
quotations for raw material. The de-
mand for window glass continues brisk,
as does that for coal.
8ank clearings in the United states
this week amount 10 Sl.Os2u0o. which
is a falling off of nearly per cen-. as
con pared with last week. The totdl
this week is however IL per cent larger
than i'm the week one year ago.
Prices OF staples this week, on the
whole. have been steady.