The times. [volume] (Richmond, Va.) 1890-1903, 1895-08-10
NO BUSINESS REACTION.
yFFrCT or THE SETTLEMENT or
THE cor MINING TROtBLES.
The supply Of Iron and steel Products
Has Not Yet outrun the Demand.
The General status.


Rusin.ss continues actiye In midsum-
mer. Although there is peycepuble re-
taxation. there are no signs OF reaction.
The ere change of great Importance
which the past week has brought IS emil
nently helpful-tte amicable settlement
between ccal miners and employers III
Western Pennsylvania. ohio, ana INDIANA
II is said that about 10000 men VIII
have their wages increased after oc'ooe'
lst. by this adjustment, and "nhe inc
enlargement OF the purchasing power -
of concequerce. IL seems even more hh-
tortant that a chronic cause OF contto-
VERY has been removed ny the HtN
agreement as TO the company STORES.
There IL no important coanse III N'Vr
prospects, and al this time 10 heNs -
eminently good news. Taken altost1n'.
tht crops of the year promise SO hiuen
better than was expected month as
that the effect is slightly encoulaslns'
although the other crops except NO'"'
Will not be- full
some comment because II Is teit lha'
the bond syndicate could arrest the move
ment at once II IL pleased by rcuucins
the rate OF exchanges.
Speculation. has been more successiul
I'm cotton than In any other product dul-
ing the past week, ana has niteu ~,
price am eighth although it cannot Doe said
that the prospect as 10 the yield mas ue'i-
nitely changed. Some injury mas eNl-
IDENTIFY been sustained from excessive
rains, and the government report COM
mands little more attention.
TuE IRON MARKET.
The Industries continue, TO make pro
gress. and higher prices for iron ana
steel products prove that the supply mas
not yet Outrun the demand. bessemti
iron Is a shade weaker. but grey lot-r
has advanced about sixty cents. ana lin
ished products are remarkably firm with
further advance IN steel beams no TO- ana
IN angles 10 rs cents, and I'm bar iron 20
1.3 cents. The Carnegie Works a. Home
stead broke the record by turning out m
July $40 tons Of steel, of which ltlD
were OF beams
Sales Of wool are not much inflated by
speculation, as they We're during the
first half Of July but they sim consider
ably exceed the actual consumption lh
the manufacture.
Prices are very irI~. and holders who
bought enormous quantities "A month ago
on expectation of a rise appear 10 nt
looking for Il further advance. But wool
len goods show signs Of weakening. ana
there is much complaint of foreign COM
petition and under valuations. especially
IN medium and lower qualities. while IN
worsted the tendency OF prices Is upward.
Some staple cotton goods have again adj
fAlh'A ia Il4|Hs anu Allf lllhA NJ - "tA
usually strong for the season. The snip
ments Of boots and shoes continue larger
than in any previous year but there D.
very little new business. and most of the
manufacturers are getting near the END
OF their orders. while many have dis
charged part Of their hands.
Prices are firmly maintained, and there
is no yielding I'm leather. though % is
reported that on hides prices AT the " est
show a little weakness.
.NnI 81
amounting TO Sll,7NS llo. of which $4,000
We're OF manufacturing and s.. 23. lib OF
trading concerns. Failures for the week
were &5 in the United States against
pa last year, and i3 IN Canada, against
81 last year.
BRADsIREEI's.
Bradstrccts tomorrow VIII say.
The features Of the business week are
continuance Of the remarkable strength
OF the demand for. the increase In the
production Of, and the advance IN prices
Of steel and iron. practically AN first
class producing plants having been pat
into service. ard not few OF the cripnleS
Prices have shown no great change this
eek. cotton. leather AMI prints being
| rOteN crtny for advances. and COPPER TOR
its strength after It's sudden upward rush
| m prices.
Business failures as reported TO Brad
! streets numbered 20 throughout tae
| United States this week. against -2l last
week. 197 I'm the week one year ago. smc
| "a TWO years asO.
At large western centres the noteworthy
change is Increased confidence IN a large
| volume OF business in the fail. IN lugh
| as yet no material PROCESS has been
| made IN that direction. although iilIrOre-
| ment in sales Of commercial travellers Is
| reported from most cities covered.
The strike Of nearly 5000 clothing Ope-
rators an Now York appears 10 have been
a success. and nearly all are again az
work. There have been moderate changes
| IN general trade 10. the southern states,
the most striking being at Dallas and in
| general throughout Texas. CrOns OF cot
| ton and corn there are large. and coun-
| try merchants are buying more freely.
! Building is quite active In Texas. and has
had the usual effect on the lumber and
material trades.
Is The SOUTH.
At Memphis there has been a slight
gain in the volume OF merchandise dis
| tributel. ana at NASHVILLE business Is
quite active. with an improvement IN col
lections, owing 10 the marketing OF
| wheat
Jacksonville and Savannah merchants
announce a moderate gain, but AT most
| other cities only the Usual midsummer
| trade is reported. though with prospects
| for an active fall business. Continued
delay OF payment of the sugar DOunties
continues 20 act as a damper on general
|
With the free movement or the new
| crop Of cotton, southern wholesale mer
chants are confident general trade VII
promptly respond.
| The centre OF commercial activity was
line drawn from ST. Louis through Chl
| cago. ST. Paul, and Minneapolis, with ar
| improving demand also shown along th'
| ohio River valley. Reports of large
crops Of Indian corn and spring whea
continues feature. and although corr
has been IN danger FOR more tnan q
| month, country merchants are beginning
10 discount the outlook By purchasing
| more freely
Merchants at Chicago report good or
ders for hats. clothing. and dress goods
| due I'm a large degree 10 the good conn
dence Of interior merchants.
General trade on the PACING coast ha'
improved within month. One OF th'
| features Is the recent Importance OF me
| foreiau trade OF Seattle and Tacoma
| The development OF our interchange ol
! commodities with Oriental. Mexican, Cen
! traI and South American countries is nav
Ing a marked effect upon the cities
| named
san Francisco authorities wire that th'
whole croD IN California Is admitted e
he below the normal. and that fruits if
| that state are ripening faster tnan th'
| conneries can handle them
| .DLIT\I IfIH I.OU 4 fK.