The times. [volume] (Richmond, Va.) 1890-1903, 1895-11-30
CONDITION OF TRADE.
30 REACTION, BUT BUSINESS rs
GENERALLY QUIET.
Decrc Sscin the Number OF ofFsiiures--Move.
nsens of trops is Only fair-fron
Market Decidedly Weaker.

NEW YORK, Nov. pr G. Dun &
Company will say tomorrow in their
weekly review of trade:
The failures for the four weeks OF No
remoer have been ss.Sls.97e, OF which
Si,is1,o5o were OF manufacturing, and
si,5siS Of trading concerns.
During the past week failures have
been 20 In the United States. gainst
.s9 last year. and Al in Canada. against
IS last year. Business has not improved.
though there is very little change except
IN the shrinkage OF prices, which a period
OF iraction naturally causes.
Retail stocks are stu reported ful IN
nearly ali branches. with delayed dlstri-
button in many on account OF tho unfa-
Horable weather.
Tho movement OF crops IL only fair
both cotton and wheat being largely
kept back IN the hope OF higher prices
and there Is prevalent feeling that Tor
eicn imports Will fan of Exports snow
little gain FOR the week. although the
small outgO OF cotton is ftill shreaten-
ing factor AS respects foreign exchanges.
There is not much change In CONNER
cisl loans although a little more demand
from some manufacturing centres Is re
proted. ON the whole, the demand -
nothing like what IL would be III genera
business was IN "a normal condition
The iron market Is decidedly weaker
nRain. and Xhne Bessemer pig mas ae-
cifrad TO SIS at Pittsburg. ana gray
forge TO si225 and plates 20 SlOD az fhh-
adelphia. so that the average Of all quo
tatlous is about half OF I per cent. lower
than lart week the markets are rediy
much weaker than the quotations 40
concessions are generally given by man
A sharp decline is noted IN barDeu
~,lre attributed TO the failure TO complete
an expected combination.
The bar association and the Two nnil
associations refuse TO reduce prices OF
their products. although the deilabu nas
been surprisingly reduced since 'he si'"t
.avance Two or three months ago. anu
- y,.re r,imors i'm the marke. that
ono Of the big combinations had gone TO
uieces because Of underselling by meh-
bers. -. ...,,os firm
81, h,,t AZ has been obliged TO reduce lts
oytput 10 fve days In the week. SO that
a decline OF 1880 tons ioi 'he "''N %
recorded. 40, .,,..
pradstreet's tomorrow VIII say
rho volume OF general trade shows
,ouinr-on as compared with The pre-
ceGine week. largely owing TO the lnter-
venfion of the THANKSGIVING nohuaE.
put I'm part 10 the continued eHect ol
,,15 weather East and South, storms III
the central West and the usual dls-
inclination Of buyers 10 add 10 s'ochS
during the closing month or the year,
Western jobbers report activity nolice-
,bto in cioihirg. woollen goods rubbers,
SHOES and holiday specialties, with some
Increased demand for coal and light h9rd-
ware General trade remains unchanged
al the South. with mercantile collecuons
An some instances improving. The tendency
of cotton SIS 80 move slowly, ana the
movements Of merchandise arc smaller
ghan in October.
Texas merchants report iair move
,rent Of notions. and fancy goods. but
check 90 distribution of groceries ana dIN
goods.
DECREASE or FAILURES.
r,eere are 2sS business failures reported
throughout the United States this week,
a noticeable falling off from the total
ono week bcforo-323- even when
compared with the total one year ago
So,
The most striking industrial feature
D. The continued reaction in prices II.
iron and steel. Bcsscmer pig being OH
.s cents. and steel bllets fractionally
lower with reactions IN prices lot "li''
fheets and other forms
There d. little likelihood Of an in
creased demand or reversal of the
price movement prior TO the middle oil
january.
There is am improved demand for boots
and shoes at baltimore, Chicago, ana
St Louis ass we'll as al some New Eng-
land manufacturing centres, while al
philadelphia the demand is not so con-
fpicuous as previously.
Bry goods are quieter, with the con-
tuued unseasonably mild weather and
the revival Of the holiday trade.
The strength of cotton maintains the
price Of cotton goods
stool, speculation az New York is
waiting Tor ihe meeting OF Congress, and
for the hoenning of The agitation over
tho currency which Is considered proha-
Die ar this session.
Bank clcarnes throughout tine United
States amounted 90 Ss,oW0.o0o this week
and reflect rather more than the cus-
tomary falling on Incidental 10 Thanks
giving week the decrease as compared
with the preceding week amounting 10
o. por cent.
The general tendency of prices Of sta
plrs continues I'm line with that shown
in two or three preceding wccks-a clear
majority Of those usually quoted. show
fnr decrease. as compared with thc
week before. notably various forms Of
steel and iron. including wire. hides. live
stock. wheat. flour Indian corn. oats,
pork lard coffee. petroleum. and print
cloths Practically unchanged quota
tons are announced for lumber. coal.
leather naval stores, leaf-tobacco sugar.
and wool.
The more conspicuous advances appear
~ hc confined 10 wheat. l-Sc "a bushel'
cotton. l-Sc. a pounn. and some Of the
cncaror Grades OF paper stock fraction
n'iv
e---