The times. [volume] (Richmond, Va.) 1890-1903, 1895-08-17
MIDSUMMER DECLINE
IRIS EFFECT BEING FELT ON ~
coryroFrHE UNUsUALAcrfTfTK.
Despite This. industries Are Doing bsdss
Than Could Have Been Expecte"-i1"
Iron Output-Decreasc In Failures

NEW YORK, Aug. I6.-R. u. Dun
Co. I'm their Weekly Review OF Trade ~
morrow will say:
IL is a belated season; a frost may re-
every thing back. The heavy busi isSA
which ought 10 have been done In Ma!
and June wes pushed into July, - tn~
HE midsummer decline due In July cones
in August With this IA mind. one 10 no
surprised to ind the shrink age from Ju'y
to August rather IN IRE CONSPICUOUS t"'s
usual Financial events are used IN spcSu'
lative markets TO create apysene5sic,l'
Exports OF gold have continued THIS "s.N
and while the syndicate mas depos"es
enough In tile treasury 10 Keep the ~
serve intact. the impression grows thai
another sale OF bonds may be made.
Exports are falling below last year
in the two week. OF August >5W,"o o.
~ Ter cent, while imports "no" S'""'
increase of 5is per cent. -.
Government receipts for half OF August
ara SIS. 23o less than expenses. me us
appointing crop reports OF last SATURDAY,
though evidently distrustei, iessei."u Svla'
adsnca in regard TO the future OF trade.
even while some spectators gam Wy
them. - a.. .h.
Back OF all doubts Is the fact tina; tns
industries are doing better than ai!oouy
could have expected. The output OF pis
iron August LIST was lN,5G tons weehy.
or l5g sos BY another report. IN eluier a.
is close 10 the large output In 1879 thouSpe
surpassed Boo tons IN the spring Oh ~
T-nsold stocks are Ss0l> tons sinauc.s
the Great steel companies having mace
heavy purchases i'm advance OF necusy
hut the actual consumption - large anu
prices Else in the face OF the OUTPUT;
Bessemer iron Is si9.io az .t',,'n
plates have advanced 81 per ton thoaes
atber nrices are in some cases shaded
wootien manufacturers ind in their way
! large sales OF foreign goods, w. 49,. me
which cause official Investigations IN
irnnorts were 52.1o.W' pounds o. ~
| and dress goods I'm the frst hala vi r.hs
YEAR. against $4,000 last year, III
| sales of wool indicate that uoi"'o o,,css
10 largely held for speculation a, pilN.s
about a cent nsuet N''"
| feel able TO pay. m. o.c,,r hut
the carpet works about Phllade,p,,''a i,oss
stin idle: shipments 81 ooV Vars figures
| for August thus far. and oru'ts ~. ,,cas
| Vet scanty for the new season 80 ch.nee
| are firm and leather does Nv. .''rrent
! though tanners iechhe 70 rTnr ,xeste.n
! quotations. 81 u ~
DI T,,I me-, FOR the week have Deea j." 49,, ~
~ intel states. against ~ las. $500
| aud Is In Canada. against - '""'
BRADslErEr's
n-r,vv YORK Aug. lj.-Bradstree' 'o-
morrow Will say -, conspicuous
Midsummer quiet Is more co''Sn,O 80 ,',
than a week ago, though less III '"v
| dustrial than in commerciai h"vs ,,,s,r,as
rule leading manuiaotuiii's soason
49, oxcentionally busy for the season.
and n e worth adding that the lhcreas Ss
g. o,,tnut of demand and prices io'
| iron and steel still continues. ,n.
| cross and net earnings returns ioi 'te
| a.. haIf Of the present year snow Ne'I
| satisfactory aggregate gains "Nei -, /,
- a neriod OF great coal ana iaiil"''
strikes and of financial ana h'uuS'''"'
denression and arrangement IT., ara
THE best showings In net e"'i',r.sS -,
oada bv the Central, Western Easter y,
n''nV ,,hu,estern roads. while the only
| decreases noted are III ''
Southern roads. ,., no
N,nv in the trade were surprised py
The very unfavorablc cOtton-crop repoT,
NV the Government. ana the price VI
cotton speedily advanced
sci billets have also been marked up
as well as some varieties OF print-oio'l'S'
Quotations for -four, oats, pork, sus''
oo,S,er and wool have remained nrm pus
unchanged. while declines are -,
nv Indian corn on a very faNofapie 'rot
rcnort. by lard and wheat notwiths'ahn,
inc the statistical strength OF the ceIe''
in every direction. except exports
There are 1876 business failures reported
throughout the United states ms Wees
COMPARED with 800 last week, "a In me
ike week Of August, last year; ~ 10
the corresponding week OF the panic on
tSq2 and 81 I'm 1892: Throughout the
Southern states. general trade remains
as quiet. and in some Instances quleter'
than a week ago ,
Mercantile collections have not begun
TO improve and at some points JoDbers
report a small falling OF IN the volume
of sales. though in several instances TINS
is due 10 rainy weather.
on the other hand. rain Is needed IN
South Carolina. while in Texas II is estl'
mated that with very favorable condi'
lions from this time on. the Texas cotton
crop will not exceed 10000 bales Nofu
is received that Texas interior merchants
have been cancelling bagging and lie
orders.
--S