The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-04
WEEKLY TRADE REVIEW
BUSINESS DULLLR, bur IT - PINT
LY DUE 10 NATURAL CAUSES
ouo,,tions for Cereals and Steel Lower
Leather IL FIRM Meaning OF ''e ."'
taiiment oil Textile Mills.

morrow. will say:
General trade in both commercial anu
industrial branches is duller' pu' wv
falling of is, in part; the usual i'ius"'''-
mer dulness Comparatively rev eu""se'
cara noted. but most of them are ue
creases in either price or demand. quo
tations for wheat, Indian corn, cO''o"'
oats. ana steel are lower. sugar mas
reacted after the decline last WeeA'
leather remains conspicuously hrm, with
shoe factories busiy employed, and pc
troleum and anthracite Goa! are higher
The sentiment of the trade at mana
points Is that the immediate outlook Tor
business Is not favorable. -. LOUIS
iohbors report some Texas merchants
countermanding orders, owing To the Ell
fects OF the drought. There Is iair
demand for grain. groceries. and staple
dry goods at Minneapolis and Duluth
and IN fabric and groceries at 81. Iaui
ana Omaha. while Louisville reports
better demand for hardware, with coll
lections improved Similar advices come
from Baltimore Savannah, and Charles
ton. These constitute the most favor
able reports concerning ithd state OF
trade At Chicago the volume OF BUSH
ness for SIX months Is smaller than last
year At New York. Philadelphia, Buff
faio, and Pittsburg there are no char
acteristics except those Of extreme dull
moss. The general industrial situation
shows no renewal of activity. The appar-
ent Improvement IN wool has disappear
ed Manufacturers refuse 10 buy raw
material because it IS cheap. Excessive
dullness marks dry goods. although this
IN tho usual period for stock taking.
COtton-mill treasurors. controlling four
million spindles have agreed TO curtail
production. \ large amount OF woollen
machinery remains idle. and the iron and
steel Industries are as fiat as heretofore.
business failures I'm the United States
for SIX months. as reported 10 Brad
streets numier 1902. the largest six
months total since records have been
compiled. Tho Increase compared with
1879 and 1894 is more than 1000 in each
instance.
4. C.. DUN & co.
NEW YORK. July 3.-R CT. Dun &
| Co. will say tomorrow in their weekly
| review OF trade:
Complete reports for the second quarter
of ls9C-Apri lst 10 June Goth. inclusive
cover 1895 In the Uaited States. against
$3.50 I'm the same quarter last year.
Failures in the United States for the
week have been 251. against lsj last year.
and p I'M Canada. against a least year.
Current movements have been so largely
! OF temporary character, or else purely
| speculative on the day-by-day plan. that
! they are not highly instructive. Thus, an
! extensive shutdown of cotton mills is
| solely boz the hope that INTERPRETATION
! I'm July and August may clear a largely
Cye.stocked market
Reviews of the half-year's operations i'm
| leading branches of manufacture go far
10 explain numerous stoppages. I'm
wooilens. they are without concert. mills
| waitu. for orders, the sales OF wool
| not having been third OF last year s
for the same week. Prices are depressed.
but still depend on foreign possibilities.
| I'm cotton goods. the closing Of many
mills. both North and South. for half OF
July and August is IN effect a recognition
of the fact that heavy stocks OF goods
! manufactured from cotton costing be-
| tween Z IL and 5 IL cents, could not Do
| expected 70 show profits II the mills go
| on manufacturing until new and proba
bly, heavy crop OF cotton is ready
The reduction OF prices has brought ont
ETg- demand ln many cases. but rot
enough 90 meet the output OF the mills
| further decline in print cloths to . l..
cents is significant. when such decrease
in production is assured. Having begun
| by reducing prices to the lowest ever
nowr. boo and shoe producers are doine
shade better In prices. with leather d
| little cheaper on the whole though hides
linrc mounted 10 about the level OF
January 1T.
The output OF iron has largely decreased
and there Us a quite general stoppage of
works for repairs. but the annual con.
trovcrsies about wages have In mosi
ctsos been settled and IL IS believed
VIII bo settled in all cases without
strikes.
The problem whether prices for coke
ore. and bnlcts established by the com
hinations formed This year can ho main
talnod against decreasing demand fol
finished products would be simplhod il
there We're not combinations In nails
and rails. and some other finished pro
ducts.