The times. [volume] (Richmond, Va.) 1890-1903, 1896-07-25
POOR TRADE OUTLOOK.
NOTHING TO INDICATE Az EAhbi
RETIV1L or BUSINESS.
Produce Markets Seriously Depressed,
Lard Making the Lowest Quotations
on Eccord-Iron Trade.

NEW YORK. July 2L-Bradstreet's to-
morrow will say.
Telcgraphic and mail advices from COM
mercial and Industrial centres indicate
a more unsatisfactory state of trade.
There is no outlook favorng an early re-
vival OF trade. while the volume OF sales
continues light and prices low, with a
further restriction OF credits. The general
money market is dull. due not only 10
caution on the part OF banks IN discount
ing. but 10 a falling of IN demand. IN
favorable crop reports from Nebraska have
caused cancellation Of some orders, ana
long continued rains in Tennessee nave
checAed business there. louisiana reports
the new rice crop short Relatively favor
able advices are from Baltimore, where
orders In general lines are fairy satls-
factory. and the volume Of business IS
larger than In the like portion Of lNs7'
and from Galveston. where business gen
orally promises Improvement
Tho industrial situation IS somewhat
more depressed. particularly In iron ana
stool prlces for most varieties or whlch
notably Southern pig iron. are shaded
Tho encouraging feature I'm iron ana Steel
IL the extent 70 which stocks nave gone
ont There IS an increase IN the NUM-
~ striking employees IN several INES "u'
tho now scale Of wages ASKED by the IRON
and steel workers has been lartss
coded 10. Production IS materlhly -
tsiied among manufacturers ~ Woolcu'
md cotton as heretofore, and IN loco'i'o-
five hardware. silver. jeweiry' an" iu''i.S.
,,,l,strios shoe factories are busy rnos,'y
49,, IA orders Business failures lot Wv
,reeis number go throughout ehe III ' 80
e,a,os acainst $50 last week ana ~
en- the week year ago
r. O. DUN & co.
NEW YORK. July PAR. 6. Dun q r 20.
~, ~. tomorrow I'm their weekly re-
view Of trade. ,o donres-
..,,hc week began with extreme uep'.
-, q, etock and speculative mar
I'm ~ the heavy outgo Of gold SlocAs
~ ,o,tdiv and on Monday aNei"N1
- than M any time this year OF uu.
49,, che Venezuelan alarm In Deceiiil '.,'
MI, came such a sharp recovery ~
tho union Of banks 20 turn gola ny No., -
treasury. and OF international ol'in,l
10 control foreign exchange.
of ali kinds has been cohs'uei "".y 4,
fcctod hy the monetary cohdit'oNS "''N
slower to improve. 49,, -o-,o,,e.
Tho produce markets have peeh svllou,
y. depressed. lard making the lowest
quotations on record. l.,
Nothing appears Of encouragement III
a.. industries and there has been con-
riderably further decline In the Worhi'B
force .,.......
TN. closing Of iron furnaces continues
and vet prices fall. MS unsold stocks are
the largest ever known. while the demand
is remarkably light Southern No al
the East is nominally SLED and grey
forge 500. bnt even these and all prices
for finished products are shaded 10 se-
cure business. The general dcmoraliza-
ton IS partly due 10 the growing BELIEF
that large combinations which still hold
up prices cannot hold thom long. Nearly
all wire and wirc-rOd mills are closed
sales OF nails are small. bar iron 40 Slo-
is being largely superseded by steel M
S1.l5. open hearth biilcts are offered below
Re.scmcr the demand for rails IS very
licht and the great structural works
a. Homestead go ON half time unle.'
orders this week are bette. Minor metals
are also weaker.
Textile industries are rapidly reducing
working force as the prospects for future
demand does not grow clearer. and while
prices are nOmlraily unchanged. il Is
| because thorc is little chance of business
at present. The state of wooilon manu-
/ fcurc appears in sales of wool at The
| chief markets for the week. the smalles
ever known
Prices uo not nominallv change. bu
are shaded 10 make sales. and western
! markets are Weakening some. though sill
Z higher than eastern. There is little new
! business ion boots and shoes.
Failures for the week have been 2S
in the United State, against 2a0 las
year, and - in Canada, against = las
| year.