The times. [volume] (Richmond, Va.) 1890-1903, 1896-02-08
AN IMPROVED OUTLOOK.
THE SUCCESS or THE POPULAR
LOAN 4 POWERFUL STIMULUS.
Bradstreet's and Dun Agree That Its In
6uence on All Trade Cannot
be Lightly Estimated.

NEW YORK. Feb. 7.-R. G.. Dun &
Co.'S review will say tomorrow:
Failures for the week have been 1913
in the United States against 2sl last
year, and 60 in Canada against - last
year.
The wonderful success of the popular
loan alters the face or events. January
operations become ancient history. as the
nation mounts above all doubts ana fears
10 solid certainty that the people can
and will uphold their government. WIN
sjSS ca. 600. bid by 1900 banks or persons,
the tremendous strength Of the nauonai
credit is demonstrated as II has not been
before for many years.
The influence OF this event upon all
manufacturing and all trade cannot he
lightly estimated. 1t strips the silver
agitation Of all its power to hurt 1t puts
the Treasury on a safe basis Tor uine,
whether Congress does anything or not.
1t notifies foreign nations that the United
States has power as well as purpose,
10 unlocks millions OF gold, which nave
been gathered I'm preparation prinss CT
rcctly several millions OF gold rom
Europe. and stimulates the anxiety OF
foreign investors 10 obtain American Sc
curities With such a reversiOn IN busl-
ness so suddenly effected the customary
records OF the past week, ana more, are
OF less value than usual. But there nave
been signs of Improvement IN the IRON
manufacture. although the average OF
prices Is nearly ! per cent. lower inns
week, and orders for wire mans are sum
ulated by decision to advance TIC
prices again March lst- There Is also
more active demand for plates ana
sheets Southern competition lowers
coke-iron at Chicago. and prevents al
vance at the East while sales OF last
years spectators In the Pittsburs re-
gion still depress Bessemer.
The operators expect to TX the price
for the year at s., or, possibly, al N.'o
and the coke pool still reduces the out
put. H..
not gain as yet. leather being apout
per cent lower for the week.
The cotton mills continue Ecseraity
active, though talk OF decreasing me
production still continues. print-cloths 90
not rise above ? 81 cents and some goous
tend lower.
SRADsTREETS.
NEW YORK. Feb. 1.-Bradstreet To-
morrow will say: ,,,
the subscriptions 10 the bond issue, are
the sentimental effects Of the unexpected
is favorable outcome have been loI
easir money and Improvement. Aoot-
tional favorable Influences are found IN
heavier bank cleaIings continued nrm-
ness of prices sustained demand Tor IRON
and steel and the announcement from
ST Paul. Milwaukee. Omaha, and Des
Moines of a revival in business WIN
tObDCrC IN staple lines ~ TIC
baltimore and Pittsburg report iaVoFaple
trade conditions. 49,.
At the South gains in wholesale iineS
are announced from NsshVille, Mem
nhis. Atlanta. and Birmingham.
The reverse includes the depressing IN
fucnce Of stormy and wet weather IN
difference Of consumers OF domestic wool.
len dress goods. renewed sales oil pilnl
cloths and other makes OF cotton soon7
only after a reduction In prices con
tiniauce OF extreme conservatism IN A.
most all lines, and the fact that the
,elfef TO the Treasury by the hedIy
oversubscription TO the bonds IN me an
sence OF sound currency legislation 10y
congress. will probably prove only
temporary device TO maintain the soiu
reserve. @. 7 o,,fs
General trade at Chicago 81. LOUIS;
Pnffalo. and Philadelphia shows no real
Gains from the preceding week, wien
tho situation was quiet even 10 duii.esS'
and the outlook unsatisfactory .,,.....
The total number OF business falluIes
throughout the United States THIS week
as reported 10 Bradstrects. Is consln-
eraI,Iy smaller this week. 33s as con
trasted with 1913 last week, Z93 IN tu'
week one year 900. 1885, or almost y
actlv the same number in the hrst Wet W.,
of Feburuay. 1884, 223 in le95' ana WIN
"a in 1892.