Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-09-04

"Nis improved In some sections.
ex 49, weeks general and unprecedented
,,,.,.s'sS'oh or prices for staples has con-
hhsnseeui wool. cotton and wool fabrics.
a an" leather. white-pinc lumber. sashes
a',u doors. iron and steel bars. billets and
WIRE nails, barbed wire and southern
i,vunury iron. wheat. corn. lard. and sugar
having advanced, and higher prices being
expected for boots and shoes. Lower
prices are recorded for cotton, wheat,
nour, ard coffee. while the prices OF oats.
PORK. print-cloths. petroleum, and coal
arc unchanged
This weeks exports OF wheat flour in
ciuoed as wheaD are the largest, with two
exceptions, the second week OF September
and the fourth week OF August, 1891, on
record. The total shipments amount to
o.9es'l4' bushels. against 5.i49653 bushels
y aa ISL week, 1850, O62 bushels last year.
z.1oo,zol bushels in 1886. 3. 207. 300 bushels in
1924. and 1902 900 bushels In 1893. Shipments
OF corn are also large. aggregating 3.1S064
bushels this week against 2.6S2 452 bush
els iast week. 2,52752s bushels last year.
i.4'o'SO bushels I'm 1855. l27.o00 bushels In
1879. and $3.50 bushels in 1893
There were only 1s9 business failures re-
ported throughout the United States this
week, against 30 last week 1896 In the
same week one year ago. lA two years
eso, ~ tnree years ago, and as contrast
ca win 31s In the like week Of 1893.
There were thirty business failures re-
ported from the Canadian Dominion this
week. Last week the total was 80 and a
year ago 1t was 30
FAILURES IN AUGUST.
Messrs. II. G.. Dun e. Co.'S weekly re-
view OF trade tomorrow will say: The
natures In August were in number IL per
cent less than In 1896, but in amount or
liabilities EOS per cent smaller. July ana
august show lower average OF liabli-
ties per failure than has ever been known
IN any year, or even in quarter OF the
twenty-three years Messrs. r. G.. Dun IL
Co have kept quarterly records. The
Improvement Is also we'll distributed, ex-
tending to nearly every important branch
OF business but in jewelry and unclassified
trading only two months OF the past
forty-seven have shown smaller failures
IN general stores and furniture. only
three; In groceries, hats, and hat manu-
facture. only four; In chemical manutac-
;ure, only five, and in clothing manufac-
ture, only six months of the forty-seven.
The ratio Of defaulted liabilities TO pay
mCnts at clearing houses has been smaller
In July and August than in any other
month since early in 1893. August was the
first month In which the daily average
OF settlements through clearing houses
exceeded materially that Of the CORE
spending month OF 1892 the excess at the
principal cities being 1913 per cent Nor
is this due. as might be supposed. to ac-
tivity i'm stock circulation, for the STOCK
Exchange clearing house now disposes OF
a very large share of transactions, so
that they affect bank exchanges far less
than five years ago.
The volume of business here has been
distinctly larger in other than speculative
lines than ~ was then, and In textile
goods phenomenally larger. though Slack
ening this week. buyers having nearly
completed their initial purchases. WIN
an extraordinary movement In gram
heavy real estate and building transac-
lions, and increased business in iron pro-
ducts. the month was clearly the busiest
August for some time past.
Wheat continued its reaction until IL
had fallen cents. but then rose cents
with the first revival of foreign buying.
Western receipts are very large, thoush
not quite as large as a year ago. put
Atlantic exports flour included) rose 10
5.534750 bushels for the week. against
2175,453 last year. The estimates when
command confidence still indicate ylelu
OF 5J0.OO0,o00 to 5S00O0,0D0 bushels, winter
wheat turning out so much beyond ex-
pectation as 10 balance much OF the loss
in spring wheat. Foreign accounts do
not improve, and unless much more ue-
ceptive than usual. the demand for Amerl-
can wheat will far exceed the quantlty
which can be spared. Continued ldrse
exports of corn and buying for export
show still more clearly the extent o. de-
ficiencies abroad. Western receipts lot
the week were 1906, 40 bushels. against
31G031S last year. and such movement
at this season implies great export ue-
mand not yet reflected in the outgo
Cation speculation made August de-
liveries costly, spot rising 10 Lac, Dut
the market then drifted back quickly 10
7.G2 cents. Conflicting news doubtless re-
fleets conflicting facts, but the opinion
gains that the crop will be large. II by
lateness not exposed 10 serious injury.
The mills are now running, and turning
out great quantities of goods in response
TO heavy purchases recently made w Wo Dol
sells largely between speculators-loooo ,ov
mounds for the week. Mills have been
buving more freely 20 replace the wool
rapidly consumed. and the goods, market
is so large and strong That they are en-
couraged TO purchase even after rise OF
20 per cent. In a year. Great quantitles
are held by dealers at the West above
nrces vet paid In seaboard markets.
The Improvement in the iron and steel
Industries gains momentum. ana Iur-
Their advance in prices makes 40 per cent.
from the lowest average August Hth;
The demand increases for sheets ana
plates especially for bridge ana snip
building. including 10000 tons at fhlia
delphia in structural work, and 1t u sald
mar 90 900 ions have been placed at Chi
caso i'm bars. and especially in wire ana
wire nails, and all have advanced an
average Of 81 per ton. southern ana
western dealers have noted an advance
in the price of pig-iron Of . cents, BESSIE
mer at Pittsburg has risen 10 cents, ana
eastern markets are strong. The demand
for cars is pressing, and work for rail-
ways increases. The first shipment OF
steel rails from this country to Australia
was Of 1000 tons by the. Lackawanna
Comnany, Tin is slightly lower. at SlS.65,
hut heavy exports, said to cover 100000
mounds for the next three months, sus-
Tain CONFER at Sl125, and lead is strong
at $40 -.
ouite Z per cent. smaller than last year,
i'm August nor 4 per cent. smaller than In
1854. Thcy were IL per cent. smaller than
in 1894 but were little larger than in
iss2 Buying is still mostly for immediate
needs but Is sufficient TO keep works
we'll employed. -
The failures for the past week httNe NV.
Noon 1eI In the United States. against
"a last year, and %. against 81, in Canada.