The times. [volume] (Richmond, Va.) 1890-1903, 1894-02-24
A WAITING CONDITION.
GUINNESS HESITAIING UNTIL SOME
THING OF THEFUTUREI is KNOWN
Prices Again Greatly Dspressed-yolums
Inadequate to Employ the Circulation
Available Southern Reports.

NEW YORK. Feb pr. G. Dun & Co. IS
say:
A waiting condition OF business is one
which weekly fluctuations mean nothing
Business of all kinds is hesitating until
more can be determined about the future,
and meanwhile orders. which will keep
hands at work for time. are given and
accepted, this week increasing as I'm some
others decreasing without airording real
sonable indications Of the future. Prices
are again greatly depressed. as low or
lower than ever having been MADE III
wheat, silver and some manufactured pro-
ducts. and neither cotton, wool nor ra"
iron have advanced. The glutted money
markets continue 10 show that the NOi-
ume OF business is still Inadequate 10 EN-
ploy the circulation available, anu tne
Withdrawal of about SD.vpJwv lroi" 'i''
New York market by the sale Oh w.
crnment bonds does not cause the eNp'o,
ed strengthening Of rates WIN sr"u.a'
" decreasing shipments OF merchdi''is1
foreign exchange rises and some eApor's
of god are expected.
Tho volurne of domestic trade does not
D
pavments the decrease is 4i6 per cent. FOR
me week. against 37S for the previous
week. and about SO per cent. FOR the
month thus far Cotton was sixteenth
lower. with considerable trading, the re-
CENTS from plantations still exceeding
those of last year. But the exports snow
cd 4 relatively large increase Nhile hiii
son reports foreign consumption heai ,
fun. takings of northern spinners since
January LIST have been 81 per cent Si'i''i
or than last years TO date go, ITO,
Hesitancy and uncertainty sun So'i'' ~
the money market. Rates are even
ia. ro,,.or han i'm recent weeks, COM
norcial papor being ia small supply al
ar-gto & Der cent. while loans are SELDOM
made at more than ] per cent. ioIe'Sl !
evchanga has advanced about cent anu
l1t for tbe strong condition OF European
hunks gold would have gone aboard al
raadv \ further decline IN SILVER 'aN''
tho pricc below the lowest previous re-
cord and IS partly due TO heaNy Snip
mont from, New York during the week.
vhan the Treasury deficit i'm February
is .orrovhat smaller than i'm January, TOT
thotob customs receipts do not enlarge
and for the month thus far are 30 per
cent. less than Il year ago. the In'9i i''''
revenue for the month shows some III
crease over last year. -.
Industrial changes have been rev. pu'
= little better demand for some texture
Goods has started more mills than nave
Stoned. There is better feeling IN FANCY
cations though some goods are SHADE
lower. Wooden dress goods are STEADY
with fair demand, and though orders ior
heavy woolens and worsteds are hght'
they are a little better, some agents nav
ing made fair progress.
A large demand gives encouragement
I'm the iron and steel manufacture ana
increases the output Of the mills, though
II IS vet only - 10 CD per cent. OF their
capaclty Hence fierce competition con-
tinues TO depress prices, and while the
recent slight advance in steel biliets ana
pig iron has been lost, some other pro-
ducts are selling lower than ever.
Prices Of commodities now average about
Il per cent. higher than a month ago
but III per cent. lower than year ago
and. excepting this year, have never been
"a low on the whole as they are now.
The failures during the past week num-
bered. I'm the United states. 2SS. against
ia3 last year, and in Canada 81, against
81 last year.