davidaulloa/AmericanStories huggingface dataset:
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
FAILURES FEVER
THAN FOR YEARS
While the Liabilities are Smallest
With One Exception Since 1890.
IRON AND STEEL TRADE DULL.
Winter Wheat Has Been Harvested in
Southwest, Where the Yield Was
Very Larse-Demaud for Build
ing Materials Improves.

NEW YORK, Jnly G.-Bradstreets to-
morrow VIII say:
Business is usually dull 81 this season,
and this year no exception to the general
rule is to be remarked. y review OF the
past six months, however, gives little COM
fort TO pesSimists Bank cIearinss, it is
true, are smaller by about II per cent
than they were in tie first half OF 1893, but
earnings are about 10 per cent. larger ana
business failures, as reported 10 Brad
streets. are the TeweSt reported for eisA-
teen wears back, with liabilities OF failing
traders the smallest with one exception,
and that last year, since 1890
Winter wheat has about al been mar
vested in the SOUTHWEST, ana the Yield
there has been very large.
Copious rains in the northwest. too, have
apparently worked some Improvement,
Judging from the more cheerful tone OF
atsvices received thence this week. Raw
cotton has been rather irregular this week.
Some Improvement in crop adviceS Is 70
be noted, but the main interest remains In
the efforts Of the overgrown sharsase TO
cover the old crop deliveries
MANUFACTURING LINES.
In manufacturing lines du!lness and
wea kuess are mast marked In products or
iron ana steel Talk of an effort by the
great combinations TO control prices IN
the latter industry is heard. The basic
material. pig iron. weakens steadily, with
some authorities predicting . per cent:
reduction from present purely nomlnai
nriceS which are not attracting buyers
The settlement of labor troubles is re-
Elected in the better demand for building
materials at affected centres, while rains
in the Northwest have allowed white
pine manufacturers to open their works
and give employment to many thousands
of men
southern pine prices are weak and the
market for that material is very dull
Business failures in the United States
for the week number 146, as compared
with 1S5 last week, 156 in this week, a
wear ago, 24l in 1898, 213 in 1887 and 30 in
1895
as compared with IS last week % in this
week a year ago, 1d in 1895, "a in 1897 and
% in 1896
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
captain r.w.colc Is rronose,s-os

Cant ain L n .CO!s' - i-IOii:oseti-''tiit4
st,ins OF Interest.
The Chesapeake and Ohio viii handle
a special Pullman from Cincinnati TO
Richmond this afternoon. The ear
Will he occupied by delegates to the Ma
convenes at Charleston, 5. c.. Tuesday
The New York Central is adopting
new style passenger cooeh, which Is six
IL feet long and has a seating capacity
for seventy-siS people
Mr.. George S Fowler. the weli-known
railwav supply man, OF Washington Is
in Richmond
Mr.. r. /. Cheatham has been appointed
assistant general freight agent Of the
Seabo4rd at Atlanta Mr.. ". II Pleas
ants. assistant general freight agent ut
Jacksonville Fla: and Mr.. \. Pore at
savannah These divisions are known as
the Third Fifth and Fourth of the s \.
l.. system
CAPTAIN r w. Cole. former CONNER
cial agent OF the Plant Systen. with head
quarters in this city STOPPED over en-
route from ThomasvilIe. ia, to New
York CITY. where he will have his head
quarters after ,Iuly- Ath The many
friends OF CAPTAIN Cole while sorry to see
him leave Richmond, yet are glad to
know OF his promotion to travelling
freight AGENT OF the Plant System.
Mr. = J. Ronavita. OF New York. east
arn agent of the Mexican Central, was .
visitor at the Southern's local offices.
President John Skelton Williams. Of the
Seaboard. celebrated his thirty-fith birth
day anniversary YESTERDAY
SOUTHERN'S EARNINGS
The following are the estimated earnings
| of the Southern Railway System for the
week ending June Soth:
This }tl'f'' W.
Increase Observation-Disclosures. ., ~ W
FOR the four weeks ended June 81
This year. Sz,,i','2zt ~
Last z'-'i' -'' W
Increase observation-disclosures. l'4'zos W
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07

ruary and March. 1884, value; March
and April. SI-6id4 3S-64, value
NEW YORK PRODUCE MARKET:

NEW YORK PRODUCE MARKET.
NEW YORK, July G.-F'LOUR-Moder-
ately active and steady.
RYE FLOUR-Quiet.
CORNMEAL-Firrn
RYE-Dul.
ARLEY-NoninaI
WHEAT-Spot firm: No. red. SSc. OPP
tons opened quite strong and higher on
a rally in English cables, but turned
weak under foreign selling. local liquda-
ton and the Northwest rains. This was
followed by an afternoon reaction and
partial recovery Of the strength in corn
and a scare in shorts. Closed firm at
: a%sc. net advance. July closed al sGAc.;
September, Sc.
GORN-Spot strong; No. ., ao$ic. OPP
ton market was generally firm All day,
particularly il the afternoon. when the
heaviest buying occurred, based on un-
favorable crop news and returning bull
sentiment Closed strong at 1c. advance.
oATsNspot dun; No. ;, 2slac. options
quiet but we'll held with corn.
BEEF'-Steady.
CUT MEATS-Steady.
LARD-Quiet; western steamed, SI.159
30 Refined steady.
PETROLEUM-Quiet.
ROSIN-Steady.
EEsE-steady; large and small,
white and colored, oAc
EGGS-steady; State and Pennsylvania,
POTATOES-Eas
CABBAGE-Steady; Long Island. SIG
80.
20c.
. TuRPENTINE-s
COFFEE-Spot Rio steady; market
quiet.
sUGAR-Raw firm Refined steady.
COFFEE-The market for coffee futures
opened irregular and unchanged to 20
points decline, and subsequently ruled
easier under liquidation following large
ucline at Rio offsetting later advance in
kio rate of exchange and continued
speculative support withdrawn and turned
to liquidation, causing a weak undertone-
The greatest decline was 10 to 20 points,
followed by partial recovery on cover
ing The close was steady at > to 10
points net decline. Total sales, $4,000
bags. including july, S7.I0G1S0; Septem-
ber SI.yudS; October, $S.106S.15-
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
corToN-sEED OIL, MARKET.

NEW YORK. July 6-COTTON-sEED
OIIl-Firm; prime crude. barrels nomi-
nal; prime summer yellow. ;i6i4c.; butter
grades nominal; off summer yellow, 56c
prime white zoe Prime meal, Sd en-
1 nominal
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
GRAIN AND COTTON EXCHANGE.
Richmond. Va. July 8. 1900.
TOBACCO MARKET.

RlchMUnu, ' si.i 5tIIy o. is'VV'
Private sales in hogsheads to-day We're:
Wrappers. 4 filters. !; Tugs, 4; lear, 4
Total, IS hogsheads.
Internal revenue collections for the city
of Richmond Va, to-day We're: Tobacco,
S1,915.14; cigars, so,l43336 iotal, sli'-
The warehouses report to-day: Re
ceipts, 90 hogsheads;f deliveries, % hogs
heads.
day:E inspections, dark, gt7 hogsheads
and 10 tierces. Notwithstanding, % hogs
heads; dark, , hogsneads.
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
RAIn1A1nRE MARKET.

BALTIMORE, July U-fLUUIs-OH-
changed. -oa
79tsc southern. by sample, 7oa79c.
CORN-Firmer; mixed. spot and month,
47Em471sc; August, 41%4Q4Sc. Southern,
white and yellow, 4Sc. asked.
OATS-Dull; No. white, }ol203lc
EXTRAORDINARILY steady; No. : nearby,
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
NEW YORK DRY GOODS. MARKET.

NEW YORK, July 6.-DRY GOODS
The market has ruled steady on brown
cottons, with rather more inquiry.
Bleached cottons dull and unchanged
coarse colOred goods dull at previous
prices. Print cloths firm under prospec-
tive curtailment. Prints quiet and I'M
changed Linens dull but steady Bur
lapS tirmer for CalcuttaS.
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
CHICAGO MARKET

CHICAGO July 6.-Wh heat, after a pc
riod OF weakness early, rallied under the
leadership of a strong corn market and
report that Germany was charterlns
transports to take troops to, China, and
closed strong, August l2d3sc. over yester-
day. Corn caught its buliishness from
reports of dry weather in Kansas and
parts of Nebraska. August closing l01lsc.
higher Oats closed sc. up and pro-
visions &c. to 12M4Gtl5c. lower
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
PEsNuT MARKETS.

NORFOLK, VA. July G.-PEANUTS-
Farmers stock-Fancv. 254022!c.: strictly
prime, 2lAc.; prime, 2Ac.; common, l4Q2c
pound Spanish. $1.05 bushel.
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
FAILURES FOR HALF YEAR.
Increase in Number and Liabilities
yDroeIy in Snecuiatiyc Lines.

Reports to R. q Dun & Co. show COM
me"c.nl failure for The half Year Just
closed 5,3$2 III number, with liabilities OF
S74.747 .52 but nearly one-thrd of the
whole amount was in the list OF brokers,
agents and the like OF which 265 failed
with liabilities OF $22,l22 3l6, and during
the last quar:er 1i5 failed for SlS,S2o,9'5.
on the other hand, the manufacturing
ana trading failures were both smaller in
the second than in the first quarter OF the
year, although both were considerably
larger than in The corresponding quarter
OF last year
The number of failures and Liabilities for
this year and Inst for each quarter, the
half year and of banking concerns Is COM
t,qrail below.
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
ing futures ranged as follows:
Open. High. Low. Close

q - ,'r- ,v'.r" follows: Flour
steady. No. 8 spring wheat, 75c.; No.
red, sore. No. > corn, 43A@33icc; Nc.
yellow. i3asGI44c. No. oats, 23A4244c;
No. : white 25GA @261ac.; No. J white 90
26c No = rye, 59c. Fair to choice malt
ing, 43045c. No tiaxseed, SlSo Mess
pork. per barrel $11 .J0012.60. Lard, per
loo pounds, $G15lt6.S7I2. Short rib sides
Qoose), S69o01.2O; dry sailed shoulders
boxed SG.I5Gp7; short clear sides
(boxcdD, S7.45@I.5J- Whisky, basis OF
high wines S1.22. Butter steady at Loo
19c: dairy, 14MlTc. Cheese firm at $40
10AC Eggs slow; choice, 1u14c.
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
MARINE INTELLiGENcE.

PORT OF RICHMOND, JULY 6, 1900.
Steamer Alhemarle, Glover, Norfolk,
merchandise and passengers. old Domt!-
IS steamer winyah, Simmons, Philadel-
phta, merchandise and passengers, Clyde
Line.
Schooner John S. Beacham, Morgan,
Barge Calvert, Mahoney. Perryvilie.
Steamer PocahontIs, Graves. James
River landings and Norfolk, merchandise
and passengers Virginia Navigation
Company.
Steamer AlDemarle, Glover. Norfolk.
merchandise ana passengers. Oid Do-
mnion Line.
FORT NEWPORT NEWS, JULY 6, 1900,
-AFR4N ED.
Steamer Ben Le.>., Beaufort.
oAILEL
Steamer Ben Leu Siiloth.
Barge Astoria, Providence.
PORT OF WEST POINT, JULY g. 1900.
ARRIVED
Steamship Charlotte. Murphy, Charlotte,
passengers and general cargo.
Steamship .E!m CITY, Haynes Malta
poni river landings, passengers and gen
ersl cargo.
SAILED.
Steamship Charlotte, Murphy, Charlotte,
passengers and general cargo.
Steamship Elm City, Haynes, Malta
POM river landings. passengers and gen
rral cargo
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07

Half yelr......... S74. Al. i52 S42, co. 92
f7;:,nl,Ta 25.S22,6 l,69lI2S
The record shows plainly enough the dis
appointment ard loss which results at
ter wear of wholly unprecedented eN-
pansion and hcpefu!ness in all lines OF IN
dustry and trade. when it is found tha'
q season OF hating and delay has come.
To ,nultitudsS who have bought too much,
relying upon continued or even upon IN
crease of 0uying for consumers. this in
avitably involves Losses, and when, out
Of more than 100000 concerns in business.
i: il found that but one in two hundred
has become thus drawn into misfortune,
the evidence is quite as satisfactory as
when q half a year Of extraordinary pros
perity appearssto have brought smaller
ratio.
The returns still offer many satisfactory
features, but they show relative Increase
in numbzc and large Increase IN amouRS
OF defaults and in some especial lines, 70
which analysis invites attenton,~.thefe i
Indicated much uusoundness. Happily II s
hardly more than indirectly cnnected Win
the great branches OF productive Industry
or Of trade Speculation in real estate and
in building and construction has lee 70
more speculating in builders materials
than is wholesome, and especially in iurn-
Der. so thai number OF commercial fail
llres follow in lumber dealing and manu-
featuring and others III building and II
manufacture of builders supplies.
The number OF failures and liabilities
this year ana last for the half year in d.f
ferent sections of the country are compar-
ed below:
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
corroN-rhe following are the total

NEW ORLEANS, July 6.-COTTON-
Futures steady; July, lo.23@lo.25; August,
a.9Sa9.99; September, S.99@9.O0; October,
S.9S49.oO; November, S.09ns.l2: Deem
Der, s. l9gs. 20; January, s.1alS2o; Feb
ruary. S.oa@S-23: March, S..231S25; April,
S.24@S..6; May, s.26as2s.
CHARLESTON. s G.. July s.-cor-
TolS-Aiarket nominal
LIVERPOOL, July 6.-corToN-spo
in fair demand: prices full; American
rliddling, SIS The sales of the day were
1000 bales, of which 800 were specula-
ton and export, and Guided 10.7oO Ameri-
can. Receipts, 6,oO0 bales, Including ;,.40o
Anricar
American mddling. /. m. c., July, 5 52-64
a. 1854: July and August 5 42-64D
5 1854, sellers: August and September,
S 1904, sellers; September and October,
5 6-64. value; October and November.
4 5s-64G4 5I-64. buyers; November and
december, 4 46-64@4 47-e4, sellers; De-
cember and January.4 1854. sellers; Ian
uary and February. 4o-e4. buyers: Feb
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
I.YNCHBuRG TOBACCO MARKET.

Lynchburg, Va, July i. 1900,
AS this is the dull season, the receipts
of tobacco in the warehouses OF the CITY
are very light. Prices. however, Keep up
well. and the demand is steady. From
all accounts the growing crop is proms-
irg Quotations for the city are as
follows.
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
COTTON MARKETS.

NEW YORK, July G.-COTTON-Strong
Liverpool cables dominated the cotton
market to-day and inspired considerable
bull speculation The bearish influence of
fine weather reports, sensational news
from China and d better tenor of crop
testimony was for the time being small
in comparison with the influence of
pronounced advance in both spot and
future cotton abroad, and especially as
news of the latter was supplemented by
generous buying orders from Liverpool,
Our market started firm in tone, at an
advance OF 10 to 16 points, and scored a
net rise of 10 TO Il points before a reac-
ton set in. On the bulge room shorts and
the foreign representation In general We're
conspicuous as buyers; the South and the
more courageous bears here supplied the
cotton needed TO satisfy the former de-
mand. In the early afternoon our mar
l1et was less firm, and prices slid off from
the top several points under exceptionally
fine weather reports and predictions from
the entire belt Short selling became
quite active on the theory that Liverpool
would respond to the fine weather ac-
counts tomorrow, The market later
turned strong on European purchases,
which carried July to 1910 The close
was steady, With prices net TO % points
higher.
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07

COTTON-Futures opened firm; July
9.S7; August, 9.52; September. $50; Octo-
Der, SOD; November, S.31; December, $780,
January, S.34: February, Ssh March,
S.337; April, $40; May, S.4;;.
Futures closed steady; July, zoos; Au-
gust, $40: September, S.96; October, $50;
November, S.42; December and January
$50; February, Sal; March, S-43; April,
$40; May, $40.
Spot cotton closed steady at &c. adj
vance; 1niddling uplands, JOS; middlins
gulf, 10as; sales. 100 bales.
COTTON-ouiet; middling. los; net re-
ceipts, $50 bales, gross, $50 bales; sales.
bales: stock. 43,427 bales.
Total to-day-Net receipts, 1,3SS bales;
exports to Great Britain, 5,0S3 bales; to
france, 80 bales. TO the Continent 6,4S6
bales; stock, 1iI CSC bales.
Observation-Disclosures receipts. 1888 bales
exports to Great Britain, S,556 bales; TO
france, $3.50 bales; to the Continent IL
All bales.
Total since September 1st--Net receipts,
6,3Sl,52o bales; exports to Great Britain
2,205,371 bales; to France, 2.S76 bales;
10 fthe Continent, >, GA, 5o+ bales.
The times. [volume] (Richmond, Va.) 1890-1903, 1900-07-07
NEWS OF The RAILROADS.

SOUTH. -..--.,-- sa,6Sa.sai s2Sii.as
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-04
COTTON FUTURES.

New York, March 3.-The cotton market
was taken completely by surprise by the
action of the Liverpool market this morn
ing. As the latest phases of our market
yesterday were all weak, it was expected
That the English cables would show a suit
able response. But instead of being low
er they showed an advance at Liverpool
of 81. to nl2-64d on the future list and an
advance of S-32d on the spot schedule.
The immediate result here was an ad-
vance of 1913 points on the summer po-
sitions and 4G10 points on the new crop
months. Private cables stated that the
English market had advanced on cover
ing, following a heavy failure on the con-
inent and heavy buying by spinning in
terests, notably by the heaviest cotton
manufacturing concern in England.
Private cables indicated that the widest
excitement prevailed in Europe. with sell
ers scarce and covering and investment
demand heavy. Our market after the
opening call was very irregular with fire.
quent violent fluctuations; the main
swings being a decrease of 8 to points,
followed by a complete rally, and at Il
o'clock NET rise of 1922 points for mid
ding uplands and 15-16c for middling
Gulf. The market for futures closed
steady with prices net SQD1S points higher.
New York, March 3.-Cotton futures
opened steady al the advance and closed
steady Prices as follows
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-04
STOCKS AND BONDS.

New York, March 3.-The feature of the
stock market was the disturbed condition
of mind manifested by the bears. whose
demands for stocks to cover short con-
tracts worked some violent recoVeries in
the Industrial and speciality departments of
The market This influence was first evil
dent in Third avenue, which bounded up
S points on the belief that financial. as
sistance had been secured to rehabiitate
the property.
The short account in Sugar again gave
signs of being over extended. and after
falling to near 95 the quotations touched
1913 in the late dealings. A decline in the
price of raw sugars. thus widening a gap
between the cost of raw and refined SUI
CARS, was an influence. The movement
in these stocks having a sympathetic in
fuence on other industrials and there were
general recoveries from the opening weak
ness during the first hour. A period OF
dullness and heaviness succeeded while
waiting the bank statement ard upon the
publication of chat statement the market
displaying increasing animation and
strength until the close, which was gen.
orally at the cop and at net gains in nearly
all stocks.
Part of the buying was on the principle
that when bids is out a rally is due. But
the return was, in fact, not so weak as
had been feared. Receipts of cash from
the interior were larger than anticipated
and the loss In cash correspondingly less.
Another loan expansion so formidable as
50 621 900 was apparently viewed with COM
placency, as the feeling has grown up In
Wall street that much of the recent loan
expansion will find a quick return to the
money market. 50 long as call loans are
made at 10 215 per cent. there will be no
acute alarm over money market pros
poets.
The market for railroad bonds has shown
decreased activity during the week and the
price movement has been irregular.
United States new As advanced "a ana
the 3s, old Is and IS ~ In the bid price.
The total sales Of stocks to-day were
2Tl. 400 shares, including Atchison PREFER
ed, 1870: Burlington, $50; American Steel
and Wire, 6.6S5; American Tobacco 1850;
Brooklyn Rapid Transit, 1880; Federal
The morning news. [volume] (Savannah, Ga.) 1887-1900, 1900-03-04
COTTON LETTER 6.

New York March 8. Hubbard Bros. &
Co. say: again Liverpool was the scene
of the widest excitement, based on the
failure of some continental operators to
make their margins good on contracts to-
day. Advance of this character in Liv-
erpool with an excited closing has not
been seen in years and shows the extent
of the bull speculation there, while here
there is more disposition to secure profits
and so slow than at any time this season.
There has been heavy realizing here all
day based on the idea that the advance
of the past week in Liverpool cannot be
sustained in face of the movement of the
crop and the pressure from the South to
sell the new crop All the new crop de-
liVeries have been offered freely on the
basis of 8 cents. The traders are without
a large interest tonight not knowing what
will occur in Liverpool on Monday. The
movement of the crop continues on a
scale of 912. except at Memphis.
New York, March 3-Murphy & Co.
say: Liverpool cables advanced 3-32d
on spots with sales of $4,000 and futures
ended excited at a net advance of 11-64 TO
1854 This was very much better than
expected but our market did not respond
as many thought it would We opened is
higher on summer months and only
Doints on fail and winted deliveries, oW
ing to realizing sales and small short in
terest here as everybody seems bulIish
After the opening market ruled feverish on
out-of-town orders to buy influenced by
foreign adVices. Private cables attribute
advance to buying by spinners and con-
tinental bear failure. Port receipts are
large. being sWelled by 5000 at Brunswick
Sentiment continues bullish and some pre-
dict 10 cents for summer months. The
crop movements turn out $4,000 bales,
which is practically the largest OF record