Birmingham state herald., 1895-10-26
THE WEEKLY TRADE REVIEW A Revival in the Demand for
 Pig Iron. UPWARD TENDENCY0E GRAIN And the Liquidation and Slump in the Cotton sl Market WERE THE MORE PROMINENT FEATURES The Weeks Clearings Were 2o Per Cent Heavier Than in the Same Week Last
 Year-Retall Business Helped
 by Good Weather.
UPWARD TENDENCYO OF GRAIN
WERE THE MORE PROMINENT FEATURES

New York, Oct. 25.-R. G. Dun & Co. fin their weekly review of trade published tomorrow will say:
 Failures in October thus far show lia- bilities of $7,624,531, of which $3,93S,175 were of manufacturing and $S,621, ,556 of trading concerns. Last year the aggre- gate was $5.639,741, of which $2,629,611 was of manufacturing and $2959,567 Of trad ing concerns. In 1893 failures the same week were $15,072,9 1920. Failures this week are 231 in the United States, against 231 last year. Ten days ago gold experts seemed very near. But the break In cot ton, which then began, ripened Monday into collapse sufficient to justify hope of a free movement. Hides have also dropped sharply at Chicago, leather IS weaker and the adjustment of prices to real instead of imaginary conditions pro- gresses rapidly. Already lower prices Tn iron have brought out some important contracts. Labor difficulties though in- cluding a strike of many Pennsylvania coal miners who do not seem to be sue ceeding, are on the whole of no serious importance. Money markets cause re- markedly little trouble considering the heavy movement of products. Cooler weather has generally helped retail
 
 by the millions the way will be clear for better business.
 Iron boasts of some good contracts this week, and prominent among them Is one from Russia for several months pro duction of armor plate by the Carnegie works, one for appraisers stores here, and another for 2600 freight cars, With prospect of as many more. Bessemer pig advanced but finished products on the whole declined as much; other pig iron not rising. It is too late in the sea- son for good business in structural forms. Rails to October 1, 570,000 tons delivered and 708, 900 tons sold, make a pitiful rec ord for works which have turned out over 2,0OO, 900 tons in a year, but this only renders more surprising the increases in other uses of iron. Whether tin plate works will take 300, 100000 pounds Of steel this year. as the latest official report in- dicates, will depend on prices and sales of coke.
 Textile manufacturers have been for the moment disturbed rather than helped by the decline in cotton, as it checks buying of some fabrics for print cloths and prospects of lower prices for other goods The demand for worsteds and dress goods Is encouraging, while in woolen goods the situation does not lm- prove. Although hides have fallen fully E cent at Chicago, and some other kinds of leathere are lower, quotations of boots and shoes do not change and many facto- ries have stopped for time. Exports for the week are 40 per cent. and for three weeks per cent larger than last year, but imports were for the week 34 per cent, and for three weeks sos per cent larger than last year. Ob- viously a moderate movement of secur- ties this way or any serious-check in ex- ports of cotton would quickly affect ex changes.