The Bolivar bulletin. (Bolivar, Tenn.) 1888-1946, 1895-07-19
THE CONDITIONS OF rRAcs.
what the Commercial Agencies of Dur
and IBradstree.s say of Trade.

New YORK, July 1s.-R. G. Dun &
CO. in their weekly review of trade will
say today:
A business flood so strong and rapid that the
conservatives fear it may do harm is out Of
season in July. But the seasons this year lap
over and crowd each other. May frosts and
frights, 1t is now evident. kept back much bus
mess that would naturally have been finished
before midsummer and the delayed cuimina-
nation OF one season gets IN the way Of efforts
TO begin another on time. But the volume of
business. however IL may be measured, is re-
markably large for the month.
Cotton has not changed. though speculation
still turns wholly on prospects, regardless Of
enormous stocks carried over. In Europe the
manufacturer lags but here is satisfactory.
The weekly output OF pig iron was III ,le4
tons, having risen l3, 100 tons in June and other
furnaces have gone into operation since July
4th. The rapid rise in prices has brought into
operation many additional works, and there is
still rush TO buy before prices advance fur
ther. influential manufacturers are sending
out warnings that the rise may easily do mis-
chief and prices have in fact advanced nearly
six per cent in two weeks but are still Is per
cent lower than in October, 1892 The demand
for structural forms is enormous. Bessemer
pig has advanced to 14.40 at Pittsburg and
wire halls to sl55 both higher than in October
1892: grey forge to S11-2j, structural beams to
Is and angles to 1.3j.
Wool is still advancing with enormous sales.
AS the sales are about four times the weekly
cOnsumptions it is obvious that the market is
essentially speculative.
Cotton goods continue active and strong,
with comparatively little difficulty as to labor.
The northern mills have taken little over 100,
0G0 bales in the past there months, since cot
ton was below cents but with cotton bought
cheap for five months ahead, they are able tC
do good business. 1t is not the season for &C
tivity in boots and Shoes and orders have
fal OFF of nd
are as stin as ever.
Foreign trade is not quite encouraging, ex-
ports for July showing large decrease.
The failure for the first four days Of July
show liabilities OF 81 25S, 500 of which 1886, 435
were of manufacturing and S7O2 096 of trading
concerns. Failures this week have been 253 in
the United States against 247 last year and 80
in Canada against 40 last year.
To which Bradstreets adds:
Among eastern cities there is change foI
the better at Pittsburg, Philadelphia, Balt-
more and Providence. Manufacturers OF
woolens and jewelry report better demand
while all forms of iron and steel are in active
request. these features resulting in stimula-
tion of business in other lines With few
ceptions general trade is quiet, and summer
dullness prevails throughout the south The
exception is with request to iron mills which
are running full time. This is conspicuous at
Chattanooga, and is beginning to be so at Bir-
mingham. At Atlanta, sales of hardware are
larger, out thoSe OF dry goods, SnoeS ana gro
ceries are smaller. Now Orleans reports only
a fair volume of business, less than was ex-
pected.
Bank clearings throughout the country this
week present the largest total since the
period of panic in 1923 81 146 coo OOO 30 per cent
larger than in the second week of July, 1894, and
II per cent larger than in the second week of
July. 1898
June railway earnings show continued i'm
proYement in the largest gain for any month in
two years.
The notable falling of in June is that in
earnings of the Southern roads, caused
by the coal miners strike on the Norfolk and
Western Railroad.
There were 256 failures In business in the
United States this week as compared with
1877 last week, 229 in the second week of July,
1894. and 39S in the like week in 1893