Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-10-01
THE WEEKS TRADE.
BUSINESS FAILURES FEWER THAN
IN MANY YEARS.
CHANGES ALI FOR The BETTER.
A" Exception Is the Fall of Cotton
to the Lowest Point In Half
century-Pis-Iron Firm Every
where.

NEW YORK, September So-Messrs. r.
y. Dun n Co.. in their weekly review of
trade Tomorrow, will say:
Failures in September have been about
$4,000, and for the quarter about ST.
$4,000. No report covering the exact
month or quarter is possible this week
Tor a journal which must go TO press on
Friday. the S0th. but the returns indi-
cate smaller aggregate of failures than
In any other month In many years, ex-
cept In August OF this year. and smaller
TOT the quarter than in any other quar-
ter since 1892. In fact, except in one
quarter Of that year, no other appears
TO have shown a smaller aggregate, un-
less more than ten years ago. when the
volume Of solvent business was very
much smaller than 1t is now. Evidently
the complete returns TO be given next
week will show that the state Of bust
ness is In that respect more satisfactory
than 1t has ever been, unless in one
quarter OF 1892.
THE FALL IN COTTON.
Changes are all for the better, except
In the fall of cotton TO the lowest point
prices Of lSlS. considering differences Of
Qualities. were perhaps not lower than
the prices this week. If there were not
on hand commercial and mill stocks I'M
usually large. or If manufacturing were
more successful, an early recovery might
seem probable, but the heavy fall in
the price Of material has affected the
demand for goods, causing buyers to
expect still lower prices for them al
nft h.. Ixg l..
now average lower than ever before.
While the stagnation I'm wool continues,
with sales even smaller than in the
same month of the panic year, 1893, nu-
merous mills have started temporarily,
in order to get out sample pieces. There
has been no quotable decline i'm wool,
and scarcely any in goods. the recent
reduction having stimulated larger
demand.
The demand for boots and shoes seems
little better, and recorded shipments
have been larger than in September of
any year previous, except the last
METAL MARKETS.
In the minor metals. slight weakness
in tin and lead indicates smaller consump-
ton, while copper IS strong, at 121.i
cents for lake, and spelter strong at 4.32 IL.
Nickel is higher, at $50 3-8 cents, and tin
plates unchanged, in spite of the enor-
nous increase in production, though. the
desire to push smaller works into the
consolidation which now commands ia
mills is said to be the cause of the tenn
porary decline.
With pig-iron firm everywhere, in spite
OF the extraordinary output, and BESSIE
mer held at 5000 at Pittsburg while Val
| ley producers report 100000 tons sold for
| delivery before June next, the consump-
ton is evidently growing.
THE GRAINS.
Wheat rose IL cents on Thursday, but
| then declined sharply, closing cents
! lower for the week, Notwithstanding very
| heavy exports, amounting for the week to
| 49l1 02Z bushels, against 5,O92 1856 last year
| and for four weeks TO 1901, 962 bushels,
against 20 661, 315 last year, flour included
| The usual babbe Of gushers does not
| change the belief that the crop will be
! the largest ever grown, and while farm
| ers throughout the West are holding back
| grain largely because of the low prices
| the western receipts are now running
! above even the extraordinary movement.
a wear ago. both for the week and
| for the month Corn is fraction lower
with some decrease in export demand
even though the recent shipments woulC
| have been considered heavy in any yeal
| before. the last, and can hardly be con
! tinued long. -
| Failures for the week have been 1875 II
the United States against 1874 last year
and seventeen in Canada, against thirty
four last year.