The times. [volume] (Richmond, Va.) 1890-1903, 1895-09-28
VIEkLI TRfDI RITIEU.
The General Condition of Monetary
VI tiers Encouraging.


NEW YORK, Sept Pr. G.. Dun &
Co. I'm their Weekly Review OF Trade to-
morrow will say;
The fun statement OF about $500 COM
mercial failures for the third quarter Of
1875 will be published next week. and
will show liabilities of about S3o,0o.0o0.
of which about Sll.d0J,0Op have been Of
manufacturing and 5laWVWD OF trading
concerns. OIL,
In the same quartdr last year the fall
uros were 2.SGs and the liabilities S29,ill,-
1876 OF which sl2.33l.> 81 were OF manu-
featuring and Sl5,lsl,E'O of trading con-
Germs.
The weeks reports are highly encourag-
ing as to monetary matters, although
exports Of gold sull continue. aud also
cs TO the cotton manufacture. but not as
satisfactory regarding iron, wooAen,
leather. or silk manufactures.
con ioS uGHsn.
The speculation in cotton has lifted the
price e, during the past Week ana quo
fations here are so much higher than at
Liverpool that free exports cannot De
expected.
Ii seems no longer possible to hope
for a GOOD crop, and NeNl bfotnels nave
issued "A circular predicting q yield OF
only 7pl1UlU bales The accounts 90
injury and loss grow moro dismal ca'u
week and while they may Doe somewhat
exaggerated. the general OUTLOOK is hr-
cidcdly unfavOrablc. Bui i.f inc cAtld-
ordinary supplies carried over from iaat
year the manufacturer mere ana anlodu
would be in trouble. But prices OF goods
rise each week, adding 10 the pEoht OF
mills. which on both sides OF the ocean
can use for some time 20 come OH colloh
bought at low prices.
II is not vet CLEAR how far the consuhll'-
tion will suunOrt the manufacture NJ inc
present rate and az pf'sent prices lOl
goods though the demand from dealers
ie naturally urgent while the market
for fhc raw material g. constantly rising.
There Is suH some chance Of strike
iu Fal River Mills, though the rise ln
prices will make IL easier for the mllis
10 grant some advance IN wages
THE IRON MANUFACTURE.
Nothing Is clear about the iron ana
steel manufacture, but some OF '.e y,
largest Pittsburg concerns processing 10
have orders for many months ahtad are
Kidding for small contracts In eastern
markets at 81 to Sl.5o per ton less than
the quoted rate. .. Al.
some saw that IL is done 10 depress the
market and again 10 is thousht ihdl th'
object may be TO buy materials, but CON
tracts have been male al the East lot
250OO tons of foreign ore 10 be used III
Begsemcr lrOu-mdkina al eastern lut ia,
and the termination or the MaiHuel.c
strike sets free about half a ihiioI tons
Of Bessemer ore Withln lhe price OF lsiA'
navigation. o.,
The strike Of coke workers az Con-
nelsvllle seems 10 have been avoided.
The Iron Age reasons that nothing can
exulafn the situation except some large
movement in steel iails not YET H"iut
known. For the first week m many
months. the average Of prices OF iron ana
steel products. shows no change What-
ever. though the demand for finished pro-
ducts is distinctly reduced.
The exports Of gold, though not as large
as they We're some weeks ago, car -
some dlsquietgdc. owing 10 the d d.sDanlihS
OF the bond syndicate. Money mas s'Ae
10 the interior rather largely. and there
Is considerable inc ease IN the value OF
loans. o,.
Failures fcr the week have been ZIG In
the United States. against %, ana 30 IN
Canada. against ~ last year.
WHAT BrApsrEEET SAYS.
NEW YORK. Sept. 21.-Bradstreets to-
morrow VIII say: The striking ieitl.rs
of the week are increased demand Tor
money East and West. the malnt nance
OF the widespread " and active demand lor
iron and steel. ana the iurtuer ufn tIu
movement Of the price OF raw cotton, To-
gether with advance in quoldtl0ls iof
wheat-nOur, wheat, ana wool. M,
Sudden changes iu the Wa .u-f' met
ing "A wi Ie eXpalse OF territory, nave
made general trade irregular. lut reports
from tn0se sections uuiaNordD'Y duftieu
are i'm Tart Offset by ihe stmulauoh lpI
demand for certain staples IN otnef poi-
tiOns OF the country. TIC lhploNrh &c
mand for loans continue
Iugtirv among bankers az the larger
cities reveals q better fcclihs lh GLASSES
OF mercantile borrowers. .
Higher prices for fOreien wools IN Lon
d,n have compelled domestic manufactur-
ers fo NAY more Tor raw mateflalS. ~
nroeout quotations foreign WOODS IN 40
nestle markets can be sold abroad az
profit. .,,.,,. g., an,
satisfactory. and on account or inc hish
price and strength OF cotton caution IL
being exercised in buying cotton sools.
The South IS more bullish on cotton, ana
the continued evidence OF Shof, 'ioP
appears 90 have at least compelled recos-
milton abroad.
BUSINESS BETTER SOUTH.
ceneral business at the South has
shown IMPROVEMENT al Memphis, Nash
vile Atlanta. and Birmingham, demand
ror funds there is improving and All
that appears needed is freer movement
There were 900 mercantile failures IN
the United States ia the past nine months
as reported 10 Bradstreets, only forty
eight more than IN the Ike poruoh OF
LAST Near. which coincidence is pdraiieied
bv the total amounts OF assets ana liahi-
tiles of failing traders-this year being
substantially the same az la tht Ike pc
riol on. year ago. The feature OF the fall-
ure record for the nine months lies IN the
relatively large number reported in the
first quarter OF the year since wnicn
time totals have fallen oil from week
10 week very sharply
Business failures in New England have
decreased as compared with "A year ago,
while those at the South have increas-
ed.
There are more failures reported In
Western States this year than last while
in the Northwest and Pacific coast there
arc fewer.
GIN, SCHOFIELD RLTIRIS SUNDAY