The times. [volume] (Richmond, Va.) 1890-1903, 1899-07-29
THE VOLUME OF
BUSINESS LARGE
DESPITE the Natural Effect of the
Summer Weather.
PRICES STILL HOLD THEIR OWN
And in Some Lines Show Advances
Pig Iron Production the Largest
on Record. But Insufficient Tor
the Demand-Failurcs Few.

NEW YORK, July S.-Bradstreets To-
morrow will say:
Weather conditions exercise their nat
ural effect upon the volume OF current
business which IS, however, larger imam
ID year ago. and restrict speculation
therefore limiting the volume OF BANK
clcarugs without however exercising any
particular influence upon prices, Whlch
display nearly an their old hrmness anu
I'm fact. show SIN further advances IN
several lines. Official statistics OF pig
iron production for the first half OF IN"
point 10 the largest production on record
having been insufficient 20 offset current
demand and stocks at the close OF the
half year are far below what they were
az the opening or al this time one year
ago.
Special activity in the iron and steel
Industry Is reported at Chicago where
heavy advances have been made IN fine
ished products. and numerous shipments
are reported not only in Ohio and PENN
sylvauia but as far east as Boston
Every blast furnace In the Birmingham
districts is expected 20 be I'm operation by
the advent of autumn. but the production
for the latter part of the year 1922 when
promises 10 Doe enormous had all been
booked. The glass trade DIS reported par
ticularly active and conditions in that in-
dustry are said 90 be the best for years
past
THE GRAIN OUTLOOK.
The cereal markets note httie change IN
price but trade opinion seems 20 favor
steady demand and few fluctuations ln
view OF admittedly large necessary taking
by forelgners. Liberal rains no the
south. particularly I'm the Atlantic coast
States, have improved cotton prospects
and a slight shading in price is TO oe
noted for the woek.
Among The metals, tin has displayed
exceptional strength. largely in sympathy
with heavy advances abroad, claimed 10
have legitimate basis in heavily increased
consumption without a corresponding OUT
put Of the raw material Smaller are
rivals and heavily reduced arrivals of raw
sugar added 20 the large sales of refined
have resulted in an advance in the form
er product Lumber is strong IN price
and some building operations are report
ca mterfered with. Northwestern SNIP
ments of white pine are reported very
heavy for this season.
TOBACCO TRADE.
Tobacco ls firm and cigar leaf scarce;
pointing 10 good prices being realized by
holders. Among the textiles. cotton
goods retain an their ola strength. Fail
demand for dry goods is increasing. but
complaints of slow delivery are more free
ouent. Manufacturers off wo0Ieu goods
arc purchasing more freely of fine domes-
tie grades and prices tend upward ale
though there IS less speculative buy
ine reported at leading markets.
The failures for the week number lo
against ia lsi week $50 in this week
year ago. go iu 1893, 2)i I'm 1896 and 81 I'm
lS5.
Canadian failures for the week number
i6 against 70 last week. 70 in this week
a year ago. 81 in 1897; 90 I'm Jo96 and q in
1855.
GRAIN SHIPMENTS.
Wheat. including flour shipments for
the week aggregate 33j34a3 bushels
against BIOS 0l3 bushels last week, 2.al,''z
bushels in the corresponding week or
1Ss. 23G03l u 1Nl. -.5NaA Dusnei5 lh
lss6 and 14609E in 1850.
Since july lst this season. the exports
of wheat aggregate lf..3l.293 bushels
AGAINST lO8iANO bushels last year and
N8465i7 bushels in 1897. Corn exports for
he week aggregate 3.7oo2o bushels
AGAINST s.655.29i bushels last week. -.oll '-l
I'm this week q year ago, li'-. ,' pusA'is
In 1sq-. IF5N2 bushels .u 1896 and ''ir'
bushels m 1895. since July LIST th.s sea-
SON. corn exports aggregate l5plr+'' bNsn-
els against i0GlF9 bushels during lle
same period a year ago ana a-5-.5-l ou7h-
els iu lN4l-eS.