Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-07-03

4
els in 1891, and as compared with S,su ,,s 10y
bushels in the corresponding week or ~ io 90
Exports OF Indian corn amount 10 j w, sSo
bushels this week. as compact W.. VIZ
2 2Sl. 900 bushels last week. 1,59sVVp DUST
els in the corresponding week iast yveaai.'
3SS 600 bushels in the like week Oh To-,
500 600 bushels I'm 1884 and as contrasteu
with $4,000 bushels in the corresponding
week of 1890.
There were 7.02i business failures re-
ported by Bradstreets throughout tne
limited States during the past six months;
a falling off OF 5lS from the IKE total
last year. with which exception IL - IN, my
largest aggregate of failures in & IKE
period The total Liabilities or the moi
vIduals. firms. and corporations railing
amount TO S9S $50. 600 a decrease of Nl,-
$4,000 from the corresponding to'ai iase
year and of S77, 20. 600 from the liabihtles
reported in the first half OF tne panic
year. 1893 This total Is also smaller tn l;,l
i'm the first half of the year 1888, WIN
which exceptions 1t is the largest re-
corded for q six-months period In elsh-
teen years While there has peen oiily
a moderate decline in the nuihper Vi
failures since last year. the liabilities
have been Unexpectedly increased by the
embarrassment OF several large manuiac-
turing and other concerns IN New Ems
land within the past quarter. 10
worthy OF note that the New nl1o,1',
States and the Territories. alone anlol3
groups Of States and Territories, repoI'
Increases i'm the number OF FAILURES coih-
pared with last year. 1.,,...,
There have been Iva business ANUS
reported from the Dominion of Canada
to Bradstreet's during the past SIX
months. 10 less than in the first half OF
last year, with aggregate ilabiitles
amounting to $4,000, decrease s Oh
about 7 per cent. There were % fewer
failures in the Province Of ontario anu
s. fewer i'm Quebec, but the liabilities OF
failing traders in the former snow
slight increase. while those IN the Iattei
indicate q moderate decrease, compared
with the corresponding period last year.
DUNS REVIEW.
Messrs r. G. Dun & Co.'S weekly re-
view cf trade tomorrow VIII say: Mid-
summer vacations have commenced III
many works. with the decrease Of orders
usual at this season. rms customary
vacation is called a strike, where agree
ments regarding wages for the 1Crih-
coming year have not been reached. ana
the extensive strike OF the AmdlSamateu
Iron Workers announced July ISL IS OF
this nature, but the strike OF coal-mlners
In Illinois and other central western
States is on, and may prove costly; III
some iron and cOttOn-works, wages nave
been reduced. owing TO low prices, WIN
one cotton-mlll in Virginia closed because
the reduction was not accepted. win
a better demand the employers VIII seek
agreement. and in its absence. the work
ers will before long. so that the situation
is distinctly of midsummer CHARACTER
Large hopes are built on prospective He-
mand after the tariff bill has passed, but
the pressure in the market OF large I'M
ported stocks may defer it. The general
belief is that the removal OF uncertainty
will in any case. increase business.
Since much of the future depends on
crops. the Frightening prospects are of
the highest Importance. Estimates by
persons usually most pessimisuc now faf
exceed any made month ago, one
promising $50 100000 bushels of wheat
with lower condition. but largely in
creased acreage of corn. Cotton pros
pects are brighter, as the crop appears
TO be early rather than late In regions
were not flooded. The movement or wheat
is small western receipts for the week
being / $50 779 bushels. against 2.04l. IA last
year and Atlantic exports 2.O6i.l73, flour
included. against 2.162ll2 last year; but
strong effort to lift prices failed. and me
close is / 3-Sc lower for the week. with
corn 1-2 cent lower. Cotton rose l-Sc
with small sales.
IRON AND STEEL
The iron and steel industry halts at
midsummer although the demand 1or
finished products still increases, and dis
appointment is due only 10 the fact that
the increase is not yet enough TO keep
all mills at work. and thus TO bring bet
ter prices. which now average slightly
lower than ever before. though not i per
cent below those of March, 1885. The
export trade is increasing. and large
order for India has just been taken at
price said to be 50 below British bids.
Coke production IS increasing again. as
more iron furnaces are going into blast
and ain addition Of % cents has been
ordered in anthracite coal. Tin is higher
at Al cents. with larger consumption,
and copper at $l0.25 for lake. with heavy
exports, while lead has advanced to 3.6
cents American makers are selling tin
plates largely at $500 for fun weight
against $3.50 for foreign.
Textile manufactures are waiting, and
cotton-mills curtailing production, with
large stocks on hand. and prices scarcely
changed, while woolen-mills are grad
ually Increasing work, with better orders,
and prices incline TO advance a shade.
An enormous buying of wool-256 100000
pounds this year. against 1C2 OoO,0Jo last
year. reflects speculation mainly, and
some large totals have sold three TO five
times since arrival. Prices are somewhat
stronger at seaboard markets, and so
high in the interior that dealings in do
nestle are restricted, amounting for two
months TO less than q 100000 pounds
against $500, 600 pounds, foreign.
The failures for the week have been 2il
In the United States. against PSI last
year. and 80 in Canada against % last
year.