The times. [volume] (Richmond, Va.) 1890-1903, 1895-06-29
DECREASE In FAILURES.
But FOR TUE CORDAGE CONCERN A
BETTER $40 WING WOULD MADE
II. G. Dun& Co. and Bradstreet's Business
Generally Improving - Iron 10
Still Advancing.


company's Trade Review says.
The half-yearly report OF failures next
week will include about $3.50. against
7.0s9 for the first half Of last year, and
ilabiliaies Of about sssOo.o)o. against SOL
us ls2 last year. But for the cordage
concern. the advantage would be nearly
. per cent. less than last year. and the
manufacturing liabilities . per cent. less.
but. including IT, the manufacturing La
bui.les will be about sn,oJ9.Oo0. against
Sn.s76l1e last year. and the trading So
ooo.cO. against s5e.3g.Ns last year while
miscellaneous Liabilities were only $40
w. against S. 550s2 laS. year.
Failures for the past week have been
o5j ia the United States. against "a last
year. and - in Canada, against = last
year. business $ better, although the
crop outlook affecting prospects beyond
the near future. is q little less distinct.
Cotton has fallen three-sNteenths 10
seven cents, ln spite Of reports OF serious
injury hy rains in Texas and Louisiana.
a little buying by northern sp.nners sur
Qrlses the market. for their taKings have
been more than enough tor the year
consumption. and British returns show a
great decrease ia exports Of cotton
goods.
Tho labor troubles are passing. with
frequent advances in the rae of wages
paid. Iron stll advances Bcssemer sell
ing Tor $3.50 at Pitfshurg. ana gray forge
al sfp.Q3. a further advance ln struc-
rural forms fs expected. The western de-
mand for steel rails II the advance OF
s. per To- is quite good. The Use in par
IS maintained. and plain and sheet mills
are crowded. so that IL IS difficult 0 place
o. ID
its contract 1y the syndicate raises the
Treasury reserve 10 about 100000. bur
the certainty that no more gold is 10 DE
/ iunorted hv the bankers makes foreign
f exchange stronger. and II a large part OF
/ the bonds taken abroad have cen SOLD TO
/ This country. deliverable as soon as possi
BILE. as some believe. tile heavy mercnan-
disc imports for June al New YORK VIII
/ h. SD per cent. larger rnan last yeai'
| against exports about per cent sInal.vl,
and will render exports OF gold higniy
/ probable. ~.
Money still comes hither from the West
/ in amounts averaging about $1,000 daily
and commercial loans arc charging. par
ticularlv on iron. and other manlfactuf-
Tho volume Of business represented by
/ exchanges through the principal cleaI-
/ inc-h0uses is for the past week A-o per
cent larger than last year-a really sur
rrisuc gain-and only = Of ! per cent.
/ loss fhan I'm lss2 while the average LOT
the month is 2ss per cent. larger than last
wear and IL per cent. less than IN w.
/ The return is highly encouraging IN
srife Of the comparative magnitude OF
speculative operations.
BRADsrRTET's.
NEW YORK, June Zs.-Bradstresl To-
| morrow viii say
Terminating business conditions for tie
week are the continued large demand ios
ana further increased prices for iron ana
steel which have surprised even iAo
trade. The jump In ran prices. am
/ scarcity OF higher quotations Tor plates
/ and nails have tended 70 produce icHl-
/ porary scarcity.
/ wan the further advances in the prices
! ~ iron and steel should ne coupled the
! r.tr Of one cent per pound Tor WOOL
| which apparently began its journey 70
higher level about q fortnight ago.
Better quotations have also peen ma 81.
! FOR cheaner grade woollen goods II
cents ser yard for prints 'ie'', i'''. I.7,
/ billet. wheat. pork, lard, noss. shoes' a"D
| conner while declines in prices are re-
| corded for -four. coffee. corn. oats cotton
| rayal stores. ami cattle. ,-
sugar. coal. and lumber, are practically
| unchanged. ...., .,,.
Total bank ClcaruEss fis"li''F' "'''iN
smaller for an localities than a week ago
bv 81 Ter cent. are % per cent larger
than I'm the last week OF June. 1874 %
ner cent. larger than that week 10 june
pn-,ress failures IN tho United states
! ro~ six months. as reported 10 Brad
/ a.roef's show a marked falling OF li
| the second quarter OF ilc past 81
,,,-th4 as was expected. but not So
---eet "a decline. relatively. as in the sec
or1 quarter Of 1898. which results IN 2
total Tor six months OF 5000, or per cent
more than last year. ger cent more
than in isei. ana Q per cent more thai
IN l4l. .,. ..-.
nan 10000 from last year. ana more
than one-haf in the TWO years sho"ihs
he Excess. o. De- due rather TO continued
elects Of the recent business d.si-lo'''. !. I,
on smaller enterprises IMAM %
nm. and unfavorable conditions.
81 New York there is nearly the usls
,-,t.r,o OF midsummer trade in stapl'
Goods AT Philadelphia the improve
mont I'm demand FOR staples, and for ifoi
,,s stool as we'll as az PitisDurS, =
-.sfr .orl-.feu0us With Baltimore ih'
c,,tiook for IAN business is regarded as
...rifar+ There are few evidences o
p revival OF general trade AZ the eoutH
| but merchants AT almost an leanlNs ti.i''
reuort that the demand continues Fti
,,lse~a+e and collections are slow. COT
+C, and omit crops in the South Atlantis
ctates rromise well. and the business OUT
look is reported encouraging. lncessan
rsins I'm Texas have hurt tho crops. TO
creased shipments 81 Galveston ioootr'
arc rer0rtef due 90 low railway freighI
| r--ra than increased demand.