Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1895-07-20
WEEKLY TRADE REVIEW.
signs of Midsummer Duiuess-"ags
Advances Numerous.

NEW YORK. July i9.--Messrs. X. Gs
Dun & Co. in their weekly review of trads
tomorrow Will say:
The weeks news Is not entirely ems
coursging. but is all the more natural BE-.
cause there are signs Of midsummer dul'
ness. Wheat prospects are not quite "a
good as last week. but stili lower prices
are expected, as corn and cotton have
been lowered. The exports OF gold AMI
the less favorable Treasury returns fos
July are not unexpected, and mean nothing
as to coming business. There ~ per.
ceptible decrease In the demand Tor mos!
manufactured products. and the actual
distribution TO consumers naturally iessehs
in midsummer.
There are still numerous advances m
wages. but strikes grow more numerous
and important Money IL siill abundants
and while there IL much more activity ny
commercial loans, IL is not what would
appear II all Industries were fully ems
plOypd The volume OF exchange COM
tnues nearly as large as In 1872, oecansa
of the delay i'm spring operations. ana
though rapidly shrinking 10 summes pro.
portions, IS 10 per cent. larger than last
year.
The future turns on crops. and the mar.
ket reflects a prevailing hehet that thi
crops are 10 he fair. The locks carried
over are such that yield OF 7.M0,oD balef
Of cotton and 100 100000 bushels OF wheat
would meet all needs. but lower prices
prophesy larger yields. and OF corn proba'
bly, the largest on record western re!
ceipts OF wheat-not half those OF last
year-indicate disappointment at prices
while the exports Tor the week. about I
quarter Of last years, snow that torelga
dealers are not regarding the situailor
with anxiety. Nor do British accounts I'M
dicate any anxiety about cotton. while
efforts are being made by some Americaf
mills 10 sell part. OF the large stock taxed
some months ago. apparently exceeding
their needs. While unfavorable TO sOmd
spectators these are cheering indica.
tlons. for II Is better TO have fair crops
than to get higher prices for what re@
mains.
Orders have 80 accumulated In iros
products that some works forego theii
usual summer rest, and eastern furnacet
soon To begin blast VIII add about 5.eN
tons weekly TO the production. Yet ths
week has been I'm new business the dullcst
since the rise In prices began. as many
hesitate to buy after 40 great an advance
A few quotations have advanced-gray
Jorge and eastern bar-whlle Beeemei
pig is shade weaker at Pittsburs; but
the average of all prices Is | per cent
higher for the week. and 2S.3 per cent
higher than February
Cotton mills continue to enjoy largs
business and several have advanced
wages this week but some strikes of cone
siderable Importance are threatened or is
progress The weaker tone for the ma,
terial does not rs yet affect the prices OF
goods.
New business In boots and shoes IL linn.
tied
Foreign trade continues unfavorabie
with decrease Of 10 per cent In eNportf
this month and an Increase OF q per cent
in Imports
The failures in eleven days OF July show
liabilities OF S3J)3,9S2 this year, against
s. go SOC last year The failures for thu
week have been 256 In the United states.
against 236 last year, and 80 In Canada.
against "a last year.