New-York tribune., 1896-09-28

.,o.,,. Tho frenuency and magnitude OF
fai,,,res constantly keep people warned that
,bsra have been heavy losses and severe straih'
and that caution is still necessary. III 'h'ee
weeks ending with Thursday. the lith' repol.'
70 Dun & CO. made the liabilities Siool"-"f'
against S6.G:}} 800 in the same weeks last year
and S521S.5S4 in 1894.
These disasters reflect losses of the past APP
prehensions which have been much allayed and
conditions which in part no longer exist. Inc
actual buying of materials for manufacture
nroyes that a larger demand for goods Is seen
not far distant Already the purchases or macs
~ Chicago have lifted the average OF their
rrices "a per cent since August ID. and this WIN
more active buying has raised leather iit'ie'
Tho transactions in wool have been about as
large for four weeks with not more than a th'ru
of the machinery running. as they wouid nave
been in ordinary times with mills fully employed
Sales at the rec chief markets have been "a
S4i 400 pounds. of which 2l413SOO were domes-
tic. whereas last year sales were 23,''o""
mounds of which IL, 1872 600 were domestic ana
I'm 1SD1 in the same weeks sales were 3lo2loD
pounds. of which 21 497 100 were domestic.
There are still reported some sales for export
but these are not believed to be large, ana the
London sale has opened , per cent lower Ap-
parently maturity of paper was the cause Vi
large sales by men who would by no means nave
parted with wool If the money markets hau pee"
easy There has also been heavy buying IN pig
iron particularly Of Southern kinds and of Bes-
semer which has sustained the prices IN sp''e vi
extreme duness in orders for finished products.
Now a few more orders are received, ana 'he
Braddock and few other works have started
up again.
Ranorts about the cotton manufacture are con-
eicting on the one hand there is the solid fact
that most OF the mills have resumed and others
are about TO resume that the output OF goods
vilI soon be quite large. On the other mana Is
the apparently disappointing failure OF the de-
mand for goods to increase as was expected
when prices were raised, and the STOCK OF print
cloths is nearly as large as ever. having risen
about 40 ONO nieces last week, and at about the
Io,vest noInt ever known the market Is weaker
Sales Of raw cotton have been heavy. already
exceeding 4 100000 bales since september l. out
the taklngs Of Northern spinners have been only
lOl SO bales, more than half last week against
~ oG4 in three and half weeks of last year.
The price dropped from SGD to S4i cents with
rains at the South and continued receipts far
exceeding last years. There have already come
into sight since September ! about 1,ooo'oo
Lolee against less than half million bales to
the same date last year. and the unusually early
rush of cotton bills has done much TO swell the
gold movement.
Wheat had a vociforoIs week. rising at the
highest about six cents but dropping Off about
one cent toward the 1lose. All sorts OF reports
rerarding foreign crops and the supposed ex-
haustion Of Western supplies have been assiuu-
ousv circulated during the last week. but the
disclosure that one speculator has nearly All
the December wheat available at chicago ap-
pears 70 furnish more substantial eXplaha-
,ior ~ the movement II there should be
,,,,. oxnort demand IL would be a blessing for
Western farmers and might also have an IN
nuercc in political matters. The receipts at
Western ports for the first quarter OF the crop
year have been - 721 ljs bushels. against
lO4l43J1 last year gain Of 30 per cent, ana
the Atlantic exports in the same year nave
been II sO7 j53 bushels. -four included. against
If l2> 3,,s last year. a gain Of over % per cent
corn also moved freely. and has been strong
in sympathy with wheat
II is too early 20 expect better feeling ana
larger orders TO b, reflected in railroad earnings
or clearing h )usc payments The ciearings' IN
part rejecting business done months ago. were
i last week IS, per cent less than last year ana
the average for the month was los per cent
les than last year and 23.6 per cent less than In
lsup The railroad earnings. which reflect
ire flc some little time after IL has passed. so
"a, as reported for September. haze been 80
r.r cent less than last year and llJ per cent
loss Than in 1872 The castbound shipments are
larger than at this date In other years, but the
rates are low and the westbound shipments
ar. AS vet remarkably small Nevertheless. con-
ndence In the stock market was so strong tha'
IN. average for railway stocks rose 81 - per
share. for the week and for trust stocks ~ IL
Der share with general confidence restored
tn. replrnlshment Of greatly depleted stocks oil
! NOR, handisc would ~ Itself make "A large vol
um, of business for time.