The times. [volume] (Richmond, Va.) 1890-1903, 1897-08-14
MARCH OF PROSPERITY.
IT'S HERALDED BT LARGE NUM-
BER or BUTBRs.
Besides Thi. Testimony by Word OF Mouth
They Emphasize the facts by Making
Large Purchases.

NEW YORK. August l3.-k. g. buh q
Co.'S Weekly Review OF Trade to-mor-
row will say: Every city reporting this
week notes increase in nearly an branc.,e9
OF trade and bright crop prospects. Inc
great change in business IS emphasized
by the presence OF large number Oh
buyers from all parts of the country, 10y
their statement OF the situation at thelr
homes and more forcibly yet by the large
purchases they are making.
But the customary signs OF prosperity
are not lacking. The strong rise In
stocks. the growth OF bank clearings and
railroad earnings the heavy speculation
IN many products. but most OF an III
wheat, have made the week one of sur
passing interest even TO those VINO pest
remember the upward rush In 1873
At the principal clearing houses
throughout the country payments IN july
were for the first time slightly larger
than I'm 1892. and n. per cent. larger than
last years. I'm the first week OF August
~ per cent. larger than IN lS'2, and -
per cent larger than last year. ana lh
tha second week of August they are lD9
per cent. larger than I'm 1892. and 81 per
cent. larger than last year.
THE GREAT WHEAT CROP
The great crops and the haste of for
cigners TO buy and ship wheat I'm view
OF shortage elsewhere have made the
week memorable Taking OF profits by a
pool lowered the price 8 cents on Satur-
day, but &c has since risen cents.
Western receipts. SLOW In July. have ln
two weeks been 1896 1i3 bushels against
G.122 1862 last year. and Atlantic exports.
-four included. have been i'm the same two
weeks 61li.OU bushels against 33,i3l3
last year
Even the demand for corn. by greatly
exceeding that of last year shows that
foreign anxieties are serious for 5.5lo-
l35 bushels have been exported I'm two
weeks from Atlantic ports against 2.5li-
l2s last year. The price has advanced
1l2 per cent. Notwithstanding enormous
stocks have been brought over
URGENCY BUYERS.
The urgency OF French buying OF wheat
reports that Russia will stop exports in
order 20 keep supplies FOR itself and COM
tinued shipments from the Pacific %
countries usually having a surplus. make
even the largest estimates Of probable
supplies not too great for the possible de-
mand.
In all the great industries n large de-
mand for products appears with strong
speculation in materials and intermediate
products. In the iron and steel branches.
the starting NJ many works after settle
ment OF the wage question. kuop tho
price low and even depresses some, bat
the fact that the demand IS growing leads
20 heavy purchases OF iron ore 10000 tons
at Cleveland IN n week and OF bilets.
80 000 Tors. whBe concessions recently Zee
ported I'm pig iron nave ceased.
FURNACE OUTPUT
The output Of furnaces August was lG3.-
$50 tons against l6i06i July lst and de-
crease IN known stocks unsold indicates
consumption tor the two months past
averaging ISL 600 tons weekly which is
more than I'm the same months of 1852.
though below the greatly increased ca-
paoity Of works now. Sales of tim arc
moderate of copper. the American COM
sHners large. 10 rs said az lie. for Lake
and Iced az 3.72 IL with speculative rea-
lizius but heavy sales or tim plates are
bringing IN slightly better prices.
All textile Industries are encouraged 10y
q greatly improved and really large de-
mand FOR goods. which causes many 10
advance Ia price. With production much
curtaiLed stocks OF cotton goods arc
rapidly declining and IN wOoens advances
have been made IN clay w0rstod and mix
lures. iiannels and Middlcsox su.tings.
Speculation In wool continues with prices
about lc higher. but sales of ZJ i9 $40
pounds In two weeks show tho willing
ness OF some holders % realize Failures
for che week have been 239 Zoo the United
States. against 25S last year, and SD I'm
(9uaNu against 1f last NDIr