The times. [volume] (Richmond, Va.) 1890-1903, 1900-06-23
MANU- .ACTURES
DROP IN PRICE,
While Agricultural Products Have a
Marked Advance.
PRICES OF IRON ARE WEAK.
rhent Has Made Phenomenal Adj
vance and Corn. Oats, and Other
Products Have Moved Upward
in ssrnpathy-Wool Lower.
~ yoRg June 2-Bradstreets to-

NEW YORK, June 222.-Bradstreets to-
morrow viii say:
midsummer duliness in distributife
trade and industry and further reductions
of prices of manufactured goods, parucu-
aarly iron and steel and raw iexnles, put
a marked upward movement IN nearly
all agricultural products are the Leading
features OF the business SITUATION eNis
week
wheat has advanced fourteen cents
i.,c- f,nshel since June !, and twenty cents
from the low point reached in November,
a gain over the latter period OF q per
cent. IN price. Corn crop advices are
,.s;il, in a high degree encouraging, but
SHAT cereal has sympathized with wheat,
AS have also oats and hog products
in turn felt the quickening influence OF
higher prices for corn. Improved de-
1nand for dairy products is reflected IN
slight advances this week
DAMAGE TO CROPS.
Crop damage has been a moving cause
for the advance In the price OF cotton
though the demand from the short side
on the old crop has been evident for some
time past in the critical condition of the
visible supply of cotton. Some weak
ness has been noted in cotton goods.
without, however. fayorably affecting
distribution. Retail trade in dry goods
has been helped by warmer weather
Wool is lower and the wooilen goods
market is rather quiet. awaiting the next
London wool sale and the opening OF the
spring wheat season.
Weakness of prices is still the leading
feature of the iron trade and lower quota
lions are noted for pig iron. Structural
material has also verified predictions IN
a decline OF from 81 to 50 per ton. DO
mestic orders for iron are perhaps slightly
more numerous, but are for small quartl-
ties
Talk OF a systematic shutdown of iron
furnaces producing for the open market
ZONES chiefly from the South, but while
this subject is under consideration the dis
ease is finding partial cure in the going
out of blast of number of less economi-
cal furnaces and the summer shutdown OF
many mills.
EXPORT TRADE GOOD.
Export demand is good. but. as for some
time past, waits upon the question OF
freight room. Other metals are still prac-
tically unchanged in price, with the ex-
ception Of tin. which is slightly lower.
A heavy business is doing in refined
sugar, and the manufacturers are over
sold. a good margin Of profit exists in
this trade.
Building demand for lumber is not ac-
tive, but white pine Is relatively firmest.
Southern pine is in orer-supply in a num-
Der of markets
Anthracite coal is IN seasonable distripu-
+ion. while the demand for bituminous con-
tinues quite active.
Wheat Gncluding four) shipments for
The week, 4,5451S0 bushels, against 4.6IS029
bushels last week: 8. 746. us bushels in the
corresponding week of 1859: 3, $685. 40 bush
els in 1925; 2.756.2ss in 1897, and 2,SS7,651
bushels in 1896.
Since July lst. this season, the exports
of wheat were 1s6. 47o,1e2 bushels, against
2l,36a,slo bushels last year and 229 or, 2SS
bushels in 1897
Failures in the United States for the
week We're 167. compared with $50 last
week. l99 in this week a year ago, 900 in
rS9s, 2l5 in 1897. and Els in 1896.
Failures in Canada for the week number
Is, against % last week. 80 in this week a
year ago. 19 in 1898 and 1885, and Il in 1897.