The Richmond Virginian. (Richmond, Va.) 1910-1920, 1911-10-28
COOLER WEATHER
HELP To TRADE
RECORD COTTON CROP MEANS
MUCH TO BUSINESS OF
COUNTRY.
BUT PRICE Is LOW
CONCERN OVER EUROPEAN PoLITI-
CAL SITUATION BECOMES LESS
ACUTE--FAIR VOLUME
OF TRADE.

NEW YORK. oct. T.--Bradstreets
for October IS will say.
.4'rstie displays fttttie ch1ugr, with
perhaps slightly greater tendency
toward irregularity. Yet the consen-
sus of reports from many markets.
barring some at the South, indicate
that retail trade, on which branch Of
distribution attention is conferred. has
been materially helped by cooler
weather.
Wool Is being bought freely and the
mills are active on orders, while
leather and shoes are also being taken
in quantity Trade III cotton goods
Is not being helped by the insta billy
of prices
Wheat seeding is finished. and con-
ditions in that respect are favorable.
Corn husking is progressing. but lit
tie Is being cribbed, owing to excess
sive moisture, and high grade corn
brings very high prices. Money Is
easy and eastern banks ara reported
to be buying commercial paper In the
West However, collections lag. be-
ing particularly backward in the
South, owing. OF course, to the low
price Of cotton and the holding move
ment now in force in that section. In
the industries, the chief events OF the
week comprehend the decisions lead
Ing iron and steel interest TO termi-
nate Its lease ON the Great Northern
ore lands. the intention OF the ore
carrying roads to reduce freight rates
on that raw material, and finally the
application of the federal government
FOR a disposition OF the United States
Steel Corporation. But SO far as
actual buying OF steel and IRON goes.
the week has developed very little.
Prices continue to tend downward.
Business failures for the week end
ing October 2e were 23I against 25s
last week and 220 In the like week OF
1870
Dun's Review.
Dun's review October IS. Will say:
The record breaking cotton crop,
indicated by the extraordinary gin
ming report, means SO much for THIS
country In both It's foreign and do
nestle trade and IN its relation to the
money market that 1t fairly ranks as
the most favorable development of
the year. The resulting reduction In
prices Is in connection with low
stocks carried by merchants. effecting
goods trade. Further price reductions
the effect Of stimulating b0ainess and
consumers are placing orders further
ahead. Leather 10 active and Arm.
There is an increased demand for cop
per. Retail trade generally IL benefit
ed by better weather. The banking
Is strengthened by the Improvement In
the leading foreign money markets.
AS concern over the European polit-
lea situation becomes less acute, the
rebellion In China attracts attention
and Is having some effect upon export
trade especially that in cottons, which
is checked thereby. Reports from
the principal trade centers are nearly
all satisfactory, indicating fair vol
une of activity, and in the North
west the feeling is that conditions IN
that section have fully recovered from
the set back Of last year.
A somewhat better denna and for IN
vestnent securities In reported.
Railroad earnings during the first
half of October gained 20 per cent
The situation as whole 10 clearly one
of advance. Whtie the volume of
business is below full pgodacing ca
pacity and there are disturbances in
some industrial departments, a quick
ening of the trade movement Is ap-
parent.