Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-04-26


NV YoRK. April 25.-The weekly review
of trade Of r. G. Dun & Co.; The markets
are all Influenced by the prospect Of al in
crease IN the currency based on silver. The
street has assurance III kilograms from
Washington that the bill adopted in eau
Gus will be passed and the addition of al
least "a, 0O0, 900 bullion notes yearly is eX-
pected TO lift all prices. Silver has
advanced about cents per ounce,
wheat "a cents per bushel, oats cents,
coffee and oil half a cent each, cotton a
sixteenth. pork 25c. per barrel, ana stocks
have been stronger, bat the higher prices
for wheat OF SIC. and for corn of 4215c.
were made on Tuesday, and the realizing
Of spectators has since caused some de-
cline. The average Of prices for oil CON-
modites rose over 1 per cent. from the
10th to the 22d, but has since declined
about one half ne much. Opinions are
much divided about the effect of the silver
bill. If passed some believe that brief
advance in prices will be quickly followed
by "A decline when il is found that gold be-
gins to 60 abroad, but the more common
belief is that the measure will work safely,
stimulating prices and commercial activity
20 some extent without disturbing gold
standard values.
Trade reports this week are favorable
excepting from the region affected by the
almOst-unprecedented floods in the Mis-
sissippi Valley. At Galveston trade IS
dull, too much ram having affected the
crops unfavorably, but real estate IS very
active because of the prospect OF harbor
improvement. At all the northern CEN
tres of trade the situation Is very satlsiac-
tory. the volume of business Is large, and
collections are fairly prompt, and while
the money markets everywhere are fairly
supplied the demand at almost all points is
but moderate.
The iron business IL more hopeful III
tone at Philadelphia. but AT Pittsburgh the
decline in prices continues, and AT New
York southern iron of low grades Is still
pressed for sale, with No. offered at Sl7.
Steel ralls are weaker and 1888 IS quoted,
but bar iron Is the most active.
The exports of grain continue large not
withetanding the advance in prices, and
furnish the only reasonable excuse for
that advance I'm any event O large sur
plus of wheat will remain on hand July
ist. and the reported injury to winter
wheat will be to q great extent balanced by
the increased acreage of spring wheat,
which higher prices Will cause.
No reason is perceived beyond specula-
tive activity for the advance in pork and N
oats. but the belief that the currency will
be greatly expanded tends Just now to rem
UGl All OFFICES SOtutMllhl nNJilAOh-s
The Treasury has taken in during the
past week 81 900. 900 more than it has paid
out, but the receipts of money from the
interior have kept the New York money
market comparatively easy and per cent.
has been the ruling rate on call. The i'm
preston prevails that foreign capital Is
moving in this direction again and that
purchases Of securities on foreign account
exceed the sales and this impression Is
supported by the steadiness Of foreign ex-
change at 4s7Is, notwithstanding de-
cline ID merchandise exports.
The exports from New York for three
weeks have been 81 per cent. below those OF
the same weeks last year, though the I'M
ports have shown an increase OF - per
cent. These figures indicate heavy e,X-
cess of imports over exports for the month
but there are no present symptoms OF an
Outgo Of specie.
The business failures occurring through.
ont the country during the past week
number for the United States, 179; Canada,
89-total, 2ls, against PA last week.