The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1897-07-03
THE DULL SEASON,
closing of Mills ana Factories the
Principal FEATURE

Sa"sHs Oh Mills and Factories the
Principal Feature.
New York, July 2.-R. G. Dun & Co.'S
weekly review OF trade tomorrow viii
say: " 80
Nlld-Sulnmer vacations have COM
iilefced I'M 1nenny works with the de-
crease OF orders usual at this season
ms customary vacation is called q
SLIM where agreements regarding
wages Tor the coming year have not
'been reached, and the extensive strik !. OF
th1llalSafnsLted iron workers announced
July Isl is OF this nature. but tho strike
OF coal miners IN Illinois and ether
central western States is not, ana may
prove COSTLY. In some iron and cotton
works wages have been reduced owing
10 low prices. one cotton mill In Vir-
sihKal because reduction WIS not ac-
ccpted. With n better demand the en-
pioSerS VIII seek agreement, and in its
absence the workers before long. so thnt
the situa uion Is distinctly Of a mid
summer character. Large hopes are
Dullt on prospective demand after thc
tariff bill passes, but the pressure in tho
market OF large importing stocks may
ue1er L. The general belief is that re-
1noVAi OF uncertainty Will LII amy cas- in
| crease business NJ '-'7t
Since much of the future depends on
crops, the Frightening prospects arc OF
uhe highest Importance. Estimates by
persons, usually most pessmistlic, now
o..
promising 559,000,0 600 bushels wheat, with,
lower condition. but largely Increased
acreage OF corn. Cotton prospects are
prghter as the crop appears to be carly
rather than Fate in regions which were
not Hooded. The movement OF wheat 10
small. Western receipts fo. the week
l.630,T9 busheds-asainst 2,O41719 last
year, and Atlantic exports, 2OG4173
hour included against 2,162, 172 last year.
put q STRONG effort to lift prices failed,
and the close rs 1B cents lower for the
week. With corn one half OF a. cent lower
cotton rose an eighth with small sales.
me iron and steel industry halts at
mid-Summer, although the demand for
finished products still increases and dis
appointment is due only to the fact that
Ihe increase i; not enough to keen all
mills at work, and thus TO bring better
prices. which now average Slightly lower
uhan before though not | per cont be-
low those OF March, 1885. Tho export
trade Is increasing and Il large order for
India has just been taken at q price said
to be S. below British bids. Coke pro
duction us increasing again, as more
IRON furnaces arc going into blast and
an addition Of % cents has been ordered
III anthracite coal. Tin is higher at
al cents, with larger consumption, and
copper at lOM cents for Lake, with heavy
exports, while lead has advanced to 3.6
cents. American makers are selling tin
plates largely at $500 for full weight
against $3.50 for fOfeigh 20
Textile manufacturers arc awaiting,
ana cotton mills curtailng product ion
with large stocks on hand, and prices
scarcely change. while WOODEN mills are
gradually increasing work with better
orders and price incline to advance q
shade. Enormous buying OF wool, 256,-
100000 pounds this year. against 1922
100000 Iaist year, reflects speculation
| mainly. and some large lots have been
sold three to five times since arrival
Prices are somewhat stronger at sea-
board markets. and so high in the IN
terror that dealings in domestic sre
restricted, amounting for two months TO
| less than 2l.OO0,O0O pounds against 55.-
! 100000 pounds for foreign.
Failures for the week have been 241
| In the United States, against 257 last
year, and 30 in Canada, against % last
year.
ACCORDING TO BRADSTREETS.
New York. July 2.-Bradstreets to-
morrow will say:
Better weather has favorably affect
ed the sale Of seasonablc goods, partt-
cularly clothing. hats and shoes. Or
ders for prompt shipment are fewer,
but the movement Of goods for fall de-
livery has begun. The most encouras-
Ing feature is the continued, and, in
some instances increased confidence or
merchants and manufacturers that the
business at higher prices. General trade
is reported quite satisfactory at Kan
sas City, St. Louis Omaha, Memphis
and New Orleans, fair without special
extension a, milwaukee,, Minneapolis,
Cleveland, Savannah. Galveston and
Chicago and SLOW or quiet at Birming-
| ham, Little Rock, Atlanta, Charleston,
Cincinnati and Detroit None or the
larger Eastern centres records an In
crease. The least favorable feature OF
the week is found in disappointment at
lack Of demand and reaction in QUOTA
| lions for some varieties Of iron and
steel The threatened idleness of 200
000 iron, steel and glass workers and
soft coal miners is, except in the lat
cr instance, due in part to the season Of
the year.
Exports Of wheat (nonr Included az
wheaD from both coasts OF the United
States and from Montreal this week
amount 10 2.GIG,SS3 bushels, against
2,155.0G0 bushels last week 26O1 600
bushels in the last week Of June. 1896.
2O07, 900 bushels in the like week Of
1885, $4,000 bushels in 1894, and as
compated with 3.G77. 900 bushels In the
corresponding week in 1898 Exports or
1ndianj corn amount to ,92393S bushels
this week. as compared with 1921, 600
bushels last week, 159S,00O in the cor
responding week last year, 1888 900 bush
els inrthe like week OF 1898; 539, 1853 bush
els III 1894 and as cOntrasted With $40
900 bushels in the corresponding week
OF lS93.
There are 1924 business failures re-
portedt by i3radstrects throughout the
United States during $he mast siS