Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-08-07

eanization OF a powerful combination
has brought a reaction Of il OF d cent
but gain Of IL cent followed .
There has been materlal increase "
the number of hands employed III tne
iron manufacture, because OF satslac-
torv adjustment of wage disputes with
the Amalgamated Association. ana the
onening of numerous establishments
which have been waiting. while the coal
miners strike seems more likely 10 emu
In a permanent settlement benehclal ~
both parties. Meanwhile. the demand
for most finished products Is steadily III
creasine. the feature this week DeihB
large contracts for Russian oh-heids'
Sumatra. and Germany. While consump-
ton does not yet equal the capacity Vi
the works in operation. and the prices
of iron and steel products average
slightly lower the situation Is more nope
full In minor metals, the consunlptioh
of tin equals the receipts, so that prices
do not change and the visible supply Is
practically the came as a month ago.
while exports Of copper have been heaVy,
and prevent a decline of Lake below
per cent. and realizing in lead has
caused only a slight decline 10 $3.50 cents.
The sales OF wool, and comparative re-
turns by months. show little relation 10
the actual consumption in manufacture,
but heavy liquidation since the new tarift
bill was enacted gives the impression
thai some dealers are no longer con-
fident Of a speedy advance. Neverthe-
less. prices have risen during the past
few weeks nearly l cent per pound.
Manufacturers are buying but little,
though they are rapidly increasing the
output. and are able to obtain an advance
Of about 10 per cent in the prices OF
goods. with rapidly increasing orders
The temporary curtailment OF output by
cotton mills continues. but does not YET
bring improved prices for products al
though the demand is generally gaming
The failures for the week have been 231
in the United States. against 2lO last
year. and twenty-nine in Canada, against
thirty-two last year.
BRADSTREET'S VIEW.
Bradstreets tomorrow will say: Gene
raj trade shows the most pronounced
gains this week at Chicago, ST. LOUIS
and Galveston. The feeling Of confidence
that general business is to improve In me
early autumn is marked at these cities
and purchases of dry goods, clothing
shoes, and other staples have Increased
heavily, and are followed by a DISPOSE
ton TO crowd prices up. Purchases were
restricted at Kansas city, Omaha, ana
some other points West early in the
week. owing to extreme heat and fears OF
damage to the Indian corn crop. but rains
and cooler weather have stimulated de-
mand again. On the Pacific coast busl-
ness is brisk, the feature in California
being heavy wheat shipments 10 san
Francisco. The movement OF general
merchandise throughout the country IS
unduestionably larger than last week,
cotton goods and woollen industries are
better off, and the stagnatlon in iron ana
steel has given way to a growing in
quiry and increasing output. But more
significant still is the extraordinary eX-
pansion in bank clearings this week ana
last month.
The upward tendency of prices during
the past three weeks is again feature.
without being frmer and higher for some
varieties. Cotton yarns are stronger also,
as are some grades of cotton at the West
Shoes are no higher, but leather and
hides cost more than week ago. There
is a per cent advance in Bessemer pig.
and manufacturers decline orders for fu-
ture delivery at cut quotations In fact
our predicted revival in iron and steel has
appeared.
The quotations for cotton and print
cloths are practically unchanged while
those for corn and oats are lower. on
improved crop prospects. other pro-
ducts. the quotations for which have
declined, are coffee, petroleum, turpen-
tine and rosin.
The exports Of wheat Glour included)
from both coasts of the United States
and from Montreal this week. show a
sharp increase, amounting to 3,f35.Sl7
bushels, compared with 2,Sl3C00 bushels
last week, 27i7cO0 in the same week n
year ago, $4,000 two years ago 3.4l7,0o0
bushels three years ago. and as cen
trasted with Sis 0oO bushels in the like
week Of 1893. The exports Of Indian corn
this week amounted TO S223,6Sj bushes
compared with 1,4s2COO bushels last
week, $4,000 bushels in the same week
year ago, 1,1OS,0OO two years ago 225.W0
bushels three years. and as compared
with 1,S3l,OO0 bushels in the like week
OF 1893.
There were PA failures in the United
States this week, compared with 2j9 last
week. There are fl failures reported i'm
the Dominion OF Canada this week, com
pared with 30 last week.
~