The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1898-10-01
Dun & co. IS REvIEE5>
The Failures of the Month
Very Small.
STAGNATION IN WOOL
COTTON LOWER THAN IT HAS
BEEN IN FIFTY YEARS.
AND RELKF SEEMS VERY FAR AWAY
Demlnd for Boots ard Shoes a Little Better.
Tin is Weak, Nickel is Higher. The
Great Crop If Wheat.
Corn Lower.
Corn Lower.

New York, Sept 30.-R. G. Dun and
Company in their Weekly Review of
Trade tomorrow will say:
Failures in September have been about
$6. 100000, and for the quarter about
So. .S75, 900. No report covering the exact
month or quarter is possible this week
for a journal which must go to press on
Friday, the Both, but the returns indi-
cate smaller aggregate Of failures than
in any other month i'll many years eN-
ccpt in August of this year, and smaller
for the quarter than in any other quar-
ter since 1892. In fact, excepting for
the quarter in that year, no other aD-
pears to have shown IL smaller aggregate
unless more than ten years ago, when
the volume of solvent business was
very much smaller than it is now. Evi-
IDENTITY the complete returns to be given
next week will show that the state of
business is in that respect more salts
factory than it has ever been unless
in one quarter of 1892.
Changes are all for the better excepting
the fall of cotton to the lowest point fo-
flfty years, and even the lowest prices
of 1S4S. considering differences Of quail
ties were perhaps not lower than prices
this week. If there were not on hand
commercial and mill stocks unusually
large, or if manufacturing were more
successful early recovery might seem
probable, but the heavy fall in material
has affected the demand for goods. caus-
ing buyers to EXPECT still lower prices
for them, although after the decline last
week, goods n&ws averaged lower than
ever before. While the stagnation in
wool continues. with sales even smaller
thap in the same month OF the panic
year, 1893, numerous mills have vtarted
temporarily in order to get out sample
pieces. There have been no quotable
decline in wool and scarcely any in goods.
the recent reduction having stimulated n
.lrGer demand.
The demand for boots and shoes seems
n little better and recorded shipments
have been larger than in September Of
any year previous, except the last. and
larger in any other year from January
LIST to date. Tn the minor metals slight
weakness in tin and lead does not in
dicate smaller consumption. while copper
is strong at 12H, cents for Lake, and
spelter strong g&33212. Nickel is higher
Mt 80 to 3S cents. land tin plates un
changed, in sniteS of the enormous in
crease in production, though the desire
to push smaller works into the consolida
tiOn which now, commands ia mills Is
said to threa ten temporary decline.
With pig iron firm everywhere in spite
of the extraordinary OUTPUT, and BesSe-
mer held at 1910 at PittSburg. while
valley producers report 230, 900 tons sold
for delivery before June next the con-
sumption is evidently growing.
Wheat rose 21b cents on Thursday, de-
clined sharply. closing ? cents lower for
the week. Notwithstanding very heavy
EXPORTS amounting for the week to f.
911,022 against 5000. 1856 last year. and
for four weeks to 1901 ,962 bushels
against 20661.315 last year. flour in
cluded The usual babel of guesses does
not change the belief that the crop will
be the largest ever grown, and while
farmers throughout the West are hold
ing back grain largely because of the
low prices, the Western receipts are
now running above even the extraordina
ry movements n year AGO, both for the
week and for the month.
Corn IS = fraction lower with some
decrease in export demand. even through
the recent shipments would have been
considered heavy in any year until tie
last. and can hardly be continued long.
Failures for the week have been 19j
i'll the United States against 1914 last
year and II in Canada against 81 last
year.