The times. [volume] (Richmond, Va.) 1890-1903, 1897-05-15
WEEKLY TRADE REVIEW.
DUN'S AND BRgDSTREET'S SCRVEF
OF the BUSINESS YIELD.
An Advance In Wheat. Corn and Cotton
Imports of Merchandise Largely In
crease-The Iron Trade Outlook'

NEW YORK. May 1L-R. q. Dun and
Company's Weekly Review Of Trade to-
morrow will say:
Spectators have enjoyed an advance
In wheat, corn, cotton. and some other
products though obliged to sell wool and
sugar at lower figures In order TO realize.
Stocks have advanced seven cents per 600
and trust stocks lost IS cents without
enough demand TO constitute a market
Imports OF merchandise. SlS,SS2,el5 Tor
the week a. New York alone, are "a per
cent. larger than a year ago making
the increase A. per cent, for the past
civ weeks and have affected the exchange
markets and helped further shipments Oh
cold which amount for the week to y
-so coo. but are practically balanced by
recolpts from the interior and cause no
serious apnrchension of financial disturb
ance.
CONDITIONS ONLY TEMPORARY.
Men feel that present conditions are
only temporary although they tend 10
prevent immediate Improvement IN gene
RAJ trade and hinder immediate invest
ments The Cyoru-lent's crop report e.
Inmates cotton acreage at six per cent,
less than last year. and II Is CONSIDERED
encouraging. because so slight decrease
from the floods may easily be maze up
Prices have advanced an elghth OF L'N
erpool sneculation with nothing here 10
warrant the rise. The winter wheat ie-
mort " hich IS supposed TO indicate a yleld
OF 297. COZ 900 bushels is contrasted Win
state rfports much better or much worse
hut iq CistrusteG mainly because all de-
nartmeut estimates Of acreage for years
have been wildly erroneous. western re-
coirfs continue larger than last year
2Oiq12} bushels against l,olO50i year
aq, and Atlantic exports also increase
,,1,C,.nriu,- Tor two weeks In May 10 l0o.-
10q bushels. -four included. against 2,os5'hi
last wear Exports Of corn are sun IIi ~
5s,e 80 bushels for two weeks against
sO0i1Sl Iasr year, and in part account io'
the smaller demand Tor Nnsa1'
Output OF IRON.
Tho output O.. pie iron for tho week end
inr Nav 1st was l7052S tons against 1870
Ar,i 1st and the stocks unsold. exclusive
If those hell by the great steel-makins
cor,ponies increased only sNS,NO tons
c.,-sr,l furnaces. especially those produc-
inc -oundry iron. have stopped production
co., this NINTH. but no important changes
onnear i'm pig iron. which is quoted a.
a. D, for grey forge at Pittsburg and $40
for Bessemer and N2 for NO. i AT Ne"
york though only Sl025 is asked Iot
Southern.
Reduced Southern freghts here have
not altered the market materially ana
al Chicago also the local prices nave
been reduced. The demand for llnished
PRODUCTS Is below the capacity or works
i'm operation and the award Of the con-
bridge.
said IN be al 90 cents for beams against
e * demanded from consumers In TINS
country. has occasioned trouble IN the
beam association and there are reports
that IL has dissolved
Angles are quoted at 80 cents per lVO
mounds. a shade lower. and steel Plates
are quoted lower here than at Philadel-
phia.
conner IS active with large sales OF
Lake az SiO3j and tin plates are quoted
10 cents below prices fixed by the asso-
citation. and 80 cents below prices Tor the
same grades Of foreign plates.
COTTON MANUFACTURES.
Nothing new can be said OF the cotton
manufacture. which still lacks demand
enough to Ift print cloths above the low
est point ever known. and prices or other
grades of cotton do not improve. In gen
eral the sales Of cotton products arc but
moderate. WO0llen goods are doing bet
ter than for weeks past and there is not
enough demand 10 create enthusiasm or
10 raise prices. while there IS great uncer
tainitv regarding the future Of the
market. Sales o wool have sharply de-
creased. and for the week barely exceed
n weeks consumption. while prices are
weaker at eastern markets, according ID
some reports nearly one cent per pound
at Philadelphia, and at the west me
heavy buyers for speculation have begun
10 sell at some concessions with gooH
reason.
Failures for the week were 264 In the
United States against 22i last year ana
81 I'm Canada against 50 last year.
BRADSTREETS VIEWS.
NEW YORK. May 14-Bradstreets to-
morrow viii say:
The unexpected falling off I'm the re-
quest for staple goods within month
results in period Of comparative calm
at the time when a general revival ln
demand had been looked for.
Wholesalers report that the volume cf
business consists of filling in orders, even
| Chicago not claiming more than 10 hold
its own I'm volume Of goods distributed
| Interior merchants continue TO buy FOR
nearby wants only and in many direc-
tons farmers are too busy with field
work to supply their wants at the coun-
try stores.
The continued subsistence Of the floods
| in the lower Mississippi river valley has
| encouraged wholesale merchants in that
region; grocers report an unusually large
distribution of canned goods west and
south. and the extreme depression In pig
| iron prices is followed by large western
! purchases. Wholesale dealers announce
an increased demand for groceries and
hardware at Duluth. St. Paul Minnea-
| polls, Kansas City. and Memphis.
EXPORTS OF WHEAT.
Exports Of wheat flour included az
| wheat, from both coasts of the United
States and from Montreal this wee,
amount 10 2,lS3.S7i bushels, as compare
| with 1.790 000 bushels last week. 1903. 90
bushels in the week year ago, 2,3yl,ol
| bushels in the week two years ago
! 2.f20 COO bushels three years ago. and
contrasted with 3,SS5olo bushels in the lik
week OF 1888.
Exports OF Indian corn amount 20
! 1905. Ss4 bushels compared with 3.lz7 o.
| bushels last week, 1868. 600 bushels in the
week a year ago 10000 bushels in the
week two years ago, lii, 600 bushels three
years ago. and as cOntrasted with l,2il. oo0
| bushels IN the corresponding week OF
1893.
There were 2d business failures re-
ported throughout the Un''-@ states this
| week. compared with 22s last week. 26l
| in the corresponding week one year ago,
and 2iO two years ago. 1sG three years ago,
and as compared with 255 In the Ike Pc
Rod OF 1893.