The times. [volume] (Richmond, Va.) 1890-1903, 1899-06-03
STRENGTH OF IRON AND STEEL
Arc the Most Interesting Features IN
Industrial business Failures
are Down To a Low summer
Minimum This Week.

I HI D.
/ ~. ,,r.i...i.r. in ,.i... ~ n.-.u,lo re-
'...',f.,..- 6.,,,,t ..,I nm L,,.i~cs. for
f.r ..-.',,,,,t ...rr.,t r.-.l, ,.f.,ri,,,,s TO-
/ n.c- the former frtir.,l.s In .onsideratIv
reduced totals for HE week. while cheer
mi adplces as to the trade in May. 10
a whole. are confirmed by very large
/ bank returns for fhe month second only
III ract to the fnonfbfy totals of January
and March tne latter holding the record
in mis- resperf Tbe f,vorabie eae.t of
the in,mor-a ,,,rro,. i,.J,,sfrfsf activifv
ana cousumptfyo demand orsettinr the
er,slfer torr.re of .aresfs nou, as con1-
narod with "a ye,r AGO fg round IN the
continued rool in..r...sas ir GROSS railroad
carninos Net ra...r,- aro it d.. tr.to nae
ouife eo rer,+i,sly fs,.oraile t,t 'i- ia 40
bo r,..,uot ,t.. ,.o,...'.-i...,,. ...,-. ,r.
o...b s-a...,tf,. e...,,i ,,...,.ts p. ,.,.,. ,.,,
SOM. r.,rr-pt-.s
In industrial unes he dcm.rd for and
strength OF iron ana steel are The most
interesting features. Heavy sales OF the
cruder forms are reported this week FOR
fail delivery and prices are higher all
aourd from IN cents 10 Il ner ron ON
-ro ron re,r,v nm cf,ssos ~ steel rails
ana finished prodiefe perorallv
Further prGrress I'm the consolidation
movement. Is rcportable IN this Industry.
a number OF tube mills having pooled
their interests. Fears that recent neavy
price advance VIII dlsastr0usly affect
our export trade iu manufactured from
and steel stIl lack combinations fea-
ture IN fact being the placing of a good
sized order FOR pig iron az fuH rates fag
,AI1'' ~ '''siy '.'' 49,.
nave cheehe1 domestic lA4N71I! seems
o "' '.o g-.''''" "'
va" W ,...-.-. ,..-
- -.f...f,.f,.
',.-..,...l .
'..-. 49,.
. 5....o e.. o.. ,,.t-..- ..ro.+ .r.,
,.f fe.s F,,o-,tIo ,5,i...s f~.r, Ru--i,
sr5 Other, courtria. b9. a reaction oc.
,,,-~o9 later n thra rofrfirv % the -nrc.
Native position having temporarily been
over-bought Heavier shipments from
Northwestern points are taken to indicate
confidence in fun yield of 5prlns wheat
COTTON AND WOOL
Cotton has been rather dul, ih"'lH
firm the strength or manliae. urea ko.
acting as a balance ID Ial"eI .e.'
crop adfices IHoutn ii ls .' o' -'.'" '""'
TOO nu'h ram i9 '.I"i ''l"'n '' ''
sections ana 700 Ilug IN''',
ported IN DINERS. AH''.e7 lIo," "'a-'
cl.les Oh EIe"' aD-''''S D"
GUM, -' ..,,it.... -f,,..'-' ami
nh"" ~. .....' 80 80 ,h. f.-r,.r
r',-f.. ,.lfi .,d tto or., IN
,,-al..., ,t.,,.... 49,. g., ., inward iire.-
60 49, fro,, tto Shoe trade arc
fsyoraIi. and leather and hides are frm.
.r,,e ,...l rr.do t- iu au Interesting posl-
don lust at present because maaufac
turers arc SIN backward 800 placing orders
and the recent speculative buying bias ulf
reduced domestic stocks materially. The
reverse is true. however. NJ stooh s q.
foreign wool which nave been u'i..'.e
70 d. ~ d., &c. @s,,s..- .f. ,o9I demand
,...--... 3D.. f,.f,..e4.or force
l''- t'.... t...f,... ~ Tho rea~
,..,..-o
At MINIMUM
business failures arc 'own 90 low
summer minimum. numbering 0nl l-t
AGAINST l5s last week 10, iu this week "a
ypar ago. 100 m 1897. Zg5 BOZ ls9f and 1928.
A. Eastern markets lumber is very gene
orally active at wholesale. Nut scarcity
Of material and in some cases ''' Do. "'l
prices demanded are reported '9 '"f'
checked operations OF
I Wool b. +i.'Ay ar Io'.
''h.r n'"'e .,,,' s.-,. t.,..
a.e ,Ir, -.rere .ordfenre and safe
1' .f.',.s ,.t.d ir MANY line
.l..'..e ru-f,.s. d. lumber at PITTS
10 ,...r.rs and AID the iron
.t..., ,.,rr. .r. ou d.rlf. time. Fea-
60. ~. ,b. y-..t are the strength of
'-or ~ cbIraeo ,,her. 10000 toms NJ pig
h.,, i..r. .oli I'm two weeks. and lumber