Highland recorder. (Monterey, Highland County, Va.) 1877-1972, 1894-06-08
FINANCE AND TRADE.

New York, Nav rs. --Bradstreet'S
Trade Review says: The unfavora-
bic coalitions prevailing in CONNER
cial and industrial circles through
out the country, together with the
prospect for no material improve
ment during the summer, marks
the present season as probably the
dullest relatively for twenty years.
At no time since panic and busl-
ness depression manifested them
selves last year have reports as to
the volume of sales Of merchandise
the manufacture Of staple goods,
and the indisposition of merchants
generally to buy, except for abso-
iutely immediate wants, been 50
pronounced and so general throgh-
out the country as during the past
few weeks. Superficial examina-
tons of business conditions leading
to unwarranted optimistic conclu-
sions as to the nearby future OF
trade have not been wanting, but
rs a matter of fact based on COM
prchensive and careful examina-
ton, the next few months promise
a continuance if not an intensity
ing of existing conditions of ex-
treme dizziness and depression.
Quite unfavorable adviceS come
from Pittsburg, where there are
numerous shut downs, inv diving
large numbers of men. The total
number of industrial employees idle
as a result Of coal scarcity is placed
at $4,000, and the total number
idle owing to the strike is 100000.
An encouraging industrial feature
is the probable settlement of next
seasons iron and steel wages scale
without srike
Advices from the south present
d continuous report of excessive
dullness, except that there are gains
in sales Of plantation supplies.
R. G.. Dun & Co.'S Weekly
Review says; Storms and floods.
prolonged strikes and large exports
Of gold have done their utmost this
week to give business a vacation.
| But the wants unsatisfied during
the past year, belated and much
lessened, and yet greater than those
of any other nation, have eau sed a
volume of trade quite large for the
season.
Prices of products still tend down
ward without much speculation. 1t
is not surprising that farmers retain
} wheat at present prices where they
can. Corn has been stronger,
Notwithstanding large receipts and
insignificant exports. Cotton has
recovered a shade, though receipts
for the week were nearly as ! re
as last year and exports much
smaller the astonishing cheapness
of wheat and cotton will affect the
rapidity Of movement in the fall
and also will directly lessen the
amount of money required in
moving the crops.
While the iron industry especi.
: ally, and many Others to some
= extent, have been restricted by
? scarcity of coal and coke, the num-
r Der. of works resuming has beer
| gre alter than the number stopping
Manufactured products in
stead of increasing appear for tin
t moment rather smaller than befor,
1t is Waiting season, but tn
disposition to wait is this yea
much intensified.
Failures diminished in impor
. tance, the amount of liabilities fo
the third week III May being onl.
$2,204, 1870, and for three week
$7,S36,972, Of which $2,642,G0'
were Of manufacturing and So,
OPS, 007 Of trading concerns.
= The number Of failures reporte
q this week is 1873 in the Unite
8 States, against 250 for the sam
week last year, and in Canada q
: against IA last year.
To day between the hours Of 6 &