Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1894-09-01
eRADSTReeT AND DUN.
Further Business I,nprovement-lt Ia Not
as Great. However. as Was Expected.

NEW YORK. August a.-"Brad-
streets" tomorrow will say' AT all but
few Of the cities from which special
teleSrams are received favorable Influences
are shown to have been at work. result
ing IN still further Improvement IN the
business situation since the settlement Oh
the tariff question. New England WOOL
len-mills are now reporting orders Ior
heavy woollans. Prints and dress wool
lens are selling freely, and there mas
been and Is an increased demand for
funds at the larger eastern centres, not
only for Withdrawals Of goods from bond'
but TO meet increased offerings OF COM
mercial paper. Thus far funds 10 move
crops have not gone West as freely as
anticipated. An exception 10 the I'M
provement I'm demand in staple lines IN
the Eastern and Middle States Il reported
from Providence.
The South Atlantic cities and Birming-
ham alone do not report Il larger volume
OF business. but the character OF cotton
shipments i'm the near future viii deter
mine the volume OF purchases. II Is note
worthy that the financial condition OF
Texas merchants is said 10 be better than
for years.
one of the most interesting trade fea-
lures consequent on the new tariff Is
repor..d from Galveston. where an eX-
port order 10 the West indies Of 1900
barrels of flour has been cancelled by
reason of the Spanish retalatory duty.
G,lyeston's banana trade expects TO be
hurt also. owing TO lack OF return cargotS
for fruit-steamers.
At Boston "A fair fall business Is doing
in dry goods hrmness Characterizing COT
ton fabric prices, owing to the New Bed
F-..ff ftr.r Trf
At Philadelphia sugar is advancing on
sneculatiye demand. and II Is declared
that xrocers will carry heavier stocks.
Tobacco manufacturers are busy on an
innroved demand since the settlement OF
the tariff question.
General trade at Baltimore IS quite en-
coura ginE owing to the somewhat uheN-
pectedly large number OF buyers IN All
| lines from the South and West, whose
| purchases have resulted I'm quite an M
! provewent over those Of last week
/ r. q. Dun a cos weekly refle" o'
trade tomorrow will say. The activity
which came with exhausted stocks and
| the pressure Of delayed fall demands
| and was increased 10y the removal VI
| uncertainty about the tariff. has con
| tinued. with heavy entries OF toreig'
goods. since the bill became law. Bu'
the pcoplc who know best are saying I'm
provement will come" rather taah III
| proyement has come
Tho gain is not yet what has been eN'
! pcCted. and business, II good IN comp iIi
| ton with last year. is still poor IN com
raflson with years preceding. Ptesuhl"
| biz there has not been time 10 icel tH'
! full effects of the change. and grWlua
rain will be more healthy and encoii
aging than spasmodic rise. nut tn'
exuans.on OF commercial loans has SUD
denlv ceased. the prices Of man'ia' uie'
products show weakness rather 'hd'
strength. and thore has been reactioi
/ in the stock market
August has ended. but tho Interior De
! mand for money still merely balances 'n
| recep,ts OF supernuOus currency IRON
eastern points. although crops are il"'
inx quite freely. The recent material 10
crease in demand for commercial i'an
anpears 10 have been du~ e. payment
f,r sugar IMPORTS. for whskey takei
out Of bond. and for imported gooi
taten out Of the custom-houses, AN
has dropped of sharply. The unavomahi
conclusion IS that the desired increase u
domestic distribution has not yet reacnt
such uroportions as e. influence the lo1
market.
The mills are not running full, thous
tho stoppage at Fan River looks ever
day more like an effort Of the operative
tn force rurtailmeut Of production IN oi
der 10 lift prices and make reduction
wages seem unnecessary. So flr print
! cloths have advanced a quarter but WIN
! out corresponding advance in other goods
and while the demand Is cncOuia6lhS,
does not compare with that Of years pe
fore the last. Neither In cotton nor y
wo,'len mills has there appeared U',
week an increase in production. IN WOO
lens the orders for spring soo1S "t o.'
tain qualities have been quite laib
buyers concluding that prices are aO"'
As losy as they viii be.
The demand for products Of iron an
steel has increased. but prices tend down
ward where any change appears. as ther
* not enough business yet 70 employ u
works in operation. Steel bars are sol
at 81 at Pittsburg; wre-nails at 81"
with Bessemer iron at $ll6J. several al
ditional furnaces having gone into bIas'
An encouraging sale Of 1000 bundles o
cotton-ties in competition with foreig
ties dutv free. warrants the hope ina
current urices IN other branches may D
low enough 10 meet the coming rivalry
and a sale OF Messaba ore at 80 de
Uvered at lower lakc-pOrts IS reporteD
There IS A better demand for structura
work. though one considerable contrac
for cuba was broken of by the auVahc
in Spanish duties.
Failures are still few and small For IN
third week Of August the reported IVA
bIities were $2.9165lS. but for the thre
weeks only &.2lli70. OF which GS'1'5l
were Of manufacturing. and S.3Sihi %
trading concerns The average was on
81 81 per firm failing.
The failures this week have been lsS !
rho United states. against 3jG last yeai
and 10 in Canada. against % last year.
JAPANESE THIS TIME.