The times. [volume] (Richmond, Va.) 1890-1903, 1895-01-19
A WAITING CONDITION.
SOME GOOD BUSINESS SIGNS, BUT
NO REALIZATION AS YET.
. sli,h. increase ia the Price oil pes
sener Iron and Biilets-Bdd "e"o
in the South.

NEW YORK, Jan. ls.-R. G. Dun
cos weekly review Of trade VIII say
There are some good signs, but they do
not as yet extend to business generally
Which hesitates much, as It mas TOT
months Gold continues to go abroad
s5.55oC,O having gone this week, ana the
deficit of revenue is already over S@o"V
for the month. This state Of facts with
the failure Of Congress to make provision
for borrowing or for increasing revenue
still operates to retard a wholesome re-
coyery. and the volume Of domestic trade
represented by exchanges through clear
ing houses. Is again about seven per cent
larger than last year, as 1t was III the
first week OF the month, but Is dJ.' per
cent smaller than two years ago hlsn-
ar rate o~decrease than for some time
past. The industries are meeting a larger
demand for some products since the ne"
wear began. but rather less for others
and no definite improvement appears IN
prices of manufactured products or ih
wages. In the main, it Is a waiting con-
dtion, with much hope that positive IN
proyemef- Is not far OFF. but not very
satisfactory evidence OF II as yet.
BE1TEE BUSINESS IN IRoN AND srEFI
There is somewhat more doing In the
iron and Steel business. enough 10 cause
a shade OF li--lng in prices for Bessemer
iron and b:.-S-s at Philadelphia, where
there is also improved dsmand for inlsh-
ed products. but at Pittsburg all changes
reported are downward. The large con-
tract for the Blackwclfs Island bridge
and one or two smaller contracts give
hope that consumption. which has Jagged
much behind the production or pig iron,
NAV presently catch up. Yet the ran
movement does not gain, the total shlp-
ments in 1894 having been 1900 tons ana,
in spite OF larger demand, nails are as
low as ever. orders for bar are not large,
though better are expected. and barbeu
wire is in light demand at l:Sjc. a com
bination OF Lake ore producers, outside
the Messabi mines, Is expected TO advance
the price p cents per ton, and 1t makes
some difference at the West that the
freight rate on Connellsyille coke has
been reduced ten cents AT Chicago.
Prices OF cotton goods are still de-
messed. print cloths TO IL cents. the
lowest ever known and leading ginShams
TO 4l-2 cents, and transactions are fair
ly large. Exports from New York for
two weeks of January nave fallen but
slightly behind last year >, "Hie iHlPoi -
are about s.. 900 larger. owing mainly TO
the increase in dry goods.
Failures this year 10 January 10th were
In amount of liabilities. si,522.53l OF which
81 123 428 were OF manufacturing. and
81. ss6 sB OF trading concerns. Failures
for the week have been 373 In the United
States. against 407 last year. and 90 In
Canada, against 46 last year.
a. pp.nsrpRFr svps TT
Rradstreets tomorrow will say:
With few exceptions, commercial hnan-
ciaf>and Industrial features indicate only
a retention OF Improvement heretofore
noted. Among the more favorable phases
OF trade is found a somewhat improved
demand for Bessemer pig iron and steel
billets. woolens, rubber goods. shoes, hard
ware. and TO an extent for leaf tobacco.
Although steel and iron have advanced
a trifile from lowest quotations record
ed print cloths have gone down to
Lowest price on record"
London wool sales opened per cent. off,
which affected prices here unfavorably.
One Southern PIC iron company Is re-
ported TO have taken an order under 81.
and wooden and cotton goods manufac-
turers In Eastern. Central and Middle
States declare prices are 50 low and
broken there Is practically no profit,
General lines Of cotton goods are affected