The times. [volume] (Richmond, Va.) 1890-1903, 1894-07-14
ImAZING CONFIDENCH.
Business sound In spite OF the Adverse
Circum stances.

Circumstances.
NEW YORK. July l3.-R. C. Dun &
cos weekly review Of trade tomorrow
viii say:
When circumstances are duly weighed
the strength and soundness Of business
during the past two weeks are amazing.
NJ ltl the second city ia the country IA
tne hands Of laWiess mob, and besid -
many other cities and towns with
railway traffic almost entirely stoppet
over me vast area between Toledo ana
tne Pacific. with "a Presidential pr0clama-
ton declaring the existence of an insur-
reclln, and tle passionate order FOR hau
d million men % stop work. with pro-
loh--d strike of coal miners not tuily
ended iu many states. and with differ
ceces between the Rouse and senate on
the tariff question SO wide that duties
Affecting mining and manufacturing can
not bee adjusted. industries and trade
nave, nevertheless zone ON with the SUBJ
nue confidence that the people ana the
Government would soon restore order.
The shrinking OF business and the de-
pressing ot values have been uneNpectei-
is small, the failures relatively fun and
uiluI Drtiut, and there are even signs IN
some industries OF actual progress toward
recovery from previous troubles IL Is
a good foundation for hope that nrm ana
Wise action 10y the Government mas been
upheld uy the loyal people. tnat order has
preh generally restored, and that the
olprkade Ot trausp p)rtatiOn has nearly
ceased. ana that the wage-earners have
ln IN" main refused TO arrest Industries
ar me dlctauon of leaders.
Cotton manufl.turo has reduced pro-
ducton somewhat though most OF the
mllls continue 10 pile up goods, and the
stock OF print cloths is 10000 pieces
llullnesa ls commonly ascrihed and partly
due 90 the disturbed conditions az the
West and south The Same cause affects
Tnoiru manufacture. but less directly.
and the clothierS have postponed orlers
$50 long that their efforts tO get merely
the goods they must have now give a bet-
Ter tone. Orders are small. iut ln num-
beer such that fewer mills hav. closed
since July lst than was expected. The
output OF iron. which droppc.r rom llO.-lO
toms to 6-5I weekly in May because nf
tle miners strike had 1.Iy recovered 20
1920 tons July lst and it is uncertain
whether 10 rs larger now, for numerous
western works have been stopped hy the
railroad blockade. Actual consumption
l June by 9sl2 tons that figures of proc
Iuetou indicate. unsOil stocks having
been thus reduced. and the Iron Age re-
ports production I'm the first half ot 1894
as $4,000 tons, against l6l si boo the
laft half Of ls3 and l.l9,fN iu tne first
hdIf 1f last year. Stocks were reduced
,hi- year -iijl tons, but ncreo. -o,lO
durm- the last half OF isl3 SOD that actual
consumption I'M manufacture hls been
Hopper cent larger than bon 'ha -f h1It
of 1893. though but 90 per cent. of the .rl-
i.ary Capa ity
Little can be judeed from the present
slack demand as trade is SO much Iul .r-
rguted. but there has been "a rather ace
tive week IA orders at ChiCaeo. and in
eastern arkets the demand keeps works
fairly tusy.
Foreign trade does not gain. exports
being llt per cent. loss and imports 30
per cent less ttan last year
The banks note more activity In COM
n crcial paper. and mere satisfactory se--
Elements ~ maturing debts. The decrease
in failures exhibited last week is followed
hT good returns for july thus far Re
ported liabilities I'm the hrst five days
were only SMlWl, though mail delays
keep back some western returns. The
number of failures during the past week
has been 23I I'm the United States. against
5li last year, and In Canada 20, against
- lest year.
AS BRADsTREiT srEs T..
NEW YORK. July l3. -Bradstreets to-
morrow viii say.
The industrial situation has greatly
improved The failure Of the American
hallway MON boycott appears complete.
and the apathy with which organized
labor regarded an appeal 10 strike in
sympathy was surprising. Railroad
traffic is generally resumed, and the
number of idle men has been heavily re-
duced. Iu other lines the situation
is also improved The coke strike is
conceded % failure. and the operatives
are returning 20 work. The settlement
OF the UOtters' strike at Trenton, after
lasting slN months. means the re-emplOy-
meut Of thousands. q number OF small
strikes are reported. but there are 5000
fewer llle because of strikes on Friday
OF this week than last. Iron. steel lum-
ber. shoe wool, AMI cotton manufacture
ing Industries at larger eastern and
western centres have made practically
mo- Shipments and commercial travellers
throughout the ceutral-We-t-rn States
generally have been compelled 10 leave
the road. An examination Of staple
prices. compared with the middle Of
1891. following the Barring embarrass-
mcut. indicates that Hour has declined
40 per cent, wheat o. per cent, and
corn 81 per cent. while oats are 80 per
cent higher than three years ago. Pork
and lard are respectively Is AMI II per
cent higher -han three years ago. while
changes IN prices Of butter stuffs are
40 such radical movement
is exhibited in prices for print cloths,
sugar. coffee. cotton. refined petroleum,
and anthracite coal but raw wool has
dropped - per cent, pig iron. hessemer.
and anthracite - per cent. billets p
per cent, and luminous coal 80 per
cent.
An southern cities say business Is very
lull The railway strike was directly
felt at Memphis. Nashville, Augusta
savannah New Orleans. and Galveston.
Georgia markets report turpentne adj
vanced I'm price. and New Orleans that
sugar is not iu special demand. little is
loiug. Rice is higher and in request.
Exceptionally good trade prospects are
from points I'm Texas.