The times. [volume] (Richmond, Va.) 1890-1903, 1895-07-13
THE WEEKS BUSINESS.
STEEL, IRON, SHEEriNGS AND MAN.
UF4CTURED GOODS HTGHER.
Sugar and Cloths Firm-Increase !" BARE
CIcarings Hallway Earnings sh"" I'M
provemcnt-A Advance In WOOL

NEW YORK, July I2--Bradstreets to-
morrow will say:
At the close of the second week In July
the condition or trade generally remains
practically unchanged, although CONNER
cial and industrial activity at many points
continues more conspicuous than usuai AZ
the midsummer season. Prices generally
continue strong. exceptions being touna
among the cereals. hog products. cohee'
and lead; while. as significant as any
thing else is the outlook for the wheat
and corn crops through the Centrai'
Western, and Northern states.
Bessemer pig is higher again. W pc
ing asked at Pittsburg. and $40 expected
i'm the near future. Steel blllets are
also higher. "a are galvanized and BLACKS
sheetings. hides. and manufactured goods
generally. Heavy receipts OF cattle ana
hogs. good crop reports and reduced pur-
chases OF wheat abroad will explain re-
actions I'm the commodities referred 10.
while sugar. print-cloth-, ana COTTON
have remained firm at last weeks quotn-
tions. New business In dry goods Is
Quiet but prices are steady, ana ureSs
wollens nrmer on tho higher price Oh IA"
wool
Rank clearings throughout the country
this week present the largest total since
the period of panic In 1893. N,li6o~.Wv.
90 per cent. larger than In the second
week OF July. 1891. and n per cent larger
than in the second week OF July, l>JS'
lame railway earnings show cohuhuci
Improvement in the largest gam lot "a
month within tWo years. IN" oniy hoe-
able falling OF i'm June II that III earn
ings of the Southern roads, caused ~
the coal miners strike on the NV''''~
and Western railroad.
There were 25e failures I'm business III
tho limited states this week as COM
narei with 1917 last week. 2-9 I'm the secohu
week of July. 1894. anu jes In a like week
In 1898 .,.,ga
for the better at pittsburS, Ihiadc'p"",
Baltimore. and Providence. MATTERS VI
woollon and jowelry present better uo,
mand. while all forms or IRON anu S'ee'
are I'm active request these textures &c
sulting in the stimulation OF business III
other lines. -. 4.
with a few exceptions. general trade Is
ouiot and summer dullncss pteNais
throughout the South. The exception u
with respect TO cotton mills, when are
running on fun time. This ~ cohspl'"-
Gus at Chattanooga, and Is beginning "
be so at Birmingham.
Al Atlanta. sales Of hardware arc
larger. but those of dry goods, Shoes ana
groceries are smaller.
New Orleans reports only a fair vol
,nno Of husiucsS-less than was expected.
r. c. Dun * Company, IN their weekly
Review of Trade. will say tomorrow:
The business food is 80 strong ana
ranid that the conservatives fear IL may
be out of season in July. but the seasons
this year lap over and crowd ca'N
other. May frosts and freights. II IS no"
evident. kept back much business tha'
would naturally have been finished before
midsummer. and the delayed elimination
of one season gets i'm the way OF Efforts
to begin another on time.
But the volume of business. however u
| may be measured. Ia remarkably large
for the month. Cotton has not changed
| though speculation still turns wholly on
1 prospects. regardless Of enormous stocks
| carried over In Europe the manuiac
ture lags, but here IL Is satisfactory.
The weekly output OF pig iron was
l7li9i tons. having risen 1880 tons m
June. and other furnaces have gone int
| oneration since July ith. The rapid ris'
in prices has brought into operation
many additional works. and there Is stu
| a rush 10 buy before prices advance tuf
| Their. influential manufacturers ar
/ scnding out warnings that the rise may
easily do mischief and prices nave II
fact advanced nearly per cent. IN twG
weeks, but are still - per cent io"e'
than In October. 1892.
The demand for structural forms II
enormous.
Bessemer pig has advanced to Nfw al
! Pittsburg. and wire nails TO I.'O. botf
higher than In October 1882, gray forge
TO Ht25. structural beams TO 800, and
angles TO Si35.
Wool is still advancing. with enormous
sales. As the sales are about four times
the weekly consumption. IL Is obvious tna'
| the market Is essentially speculative. bal
the rise abroad has set the countr,
| ablaze so that Western holders are ask
ing even higher prices than heretofore
| Scarcity of domestic wool helps them, ano
| the enormous sales OF foreign WOOL onl,
| COMPENSATE for the reported decrease u
tho domestic clip. The buying by most
| manufacturers is already affected, ano
at the prices now asked for wool. some
manufacturers are doubling whether q
crop Of fun average can be realized.
Opening prices for many lightweight
goods show great irresularity perhaps
some being lower.
| Tho Northern mills have taken n little
oyer 1000 bales OF cotton since three
months last. They are able TO DO good
! business.
IL Is not the season FOR activity IN
boots and shoes. and orders have fallen
off. Prices 81 shoes, leather, and hides
are as stif as ever
Foreign trade is not quite as cncourag'
ing. exports for July showing large de-
/ crease.
The failures for the first four days OF
! July show liabilities Of 81 $500. OF which
S2Ss. 43f We're OF manufacturing. and y'Si, 70
OF trading concerns.
Failures this week have been 2S In tho
United states against 27 last year. and
S In Canada, against . last year.
~e-
Deputy Sheriff Eugene Monroe, Of Lou
/ doun county. called NJ the Office OF he
! a.--LLa---u D--L-lL. A-.n--uLl NnaIn.LllY