The times. [volume] (Richmond, Va.) 1890-1903, 1897-04-10
WEEKLY TRADE REVIEW
THE OUTLOOK, TAKEN As 4 VHOLE
Is ENCOURAGIN6s
What Market Collapse Due to Bad Judg,
m,nt-The Steel Trade Hampered
by Labor Didicuitie-.

weekly trade review will say:
On, NJ iO6 failures with Liabilities OF
, sco 1872 56l. in the first quarter, "a banking
| failures covered more than a NTH Of the
amo,,nt. si2.744.e5O, and 3.3i5 failures with
liabilities OF s359i7.so2, or nearly three
| eftbs. are classified this week according
70 branches Of business, leaving only 90
| failures and less than a min OF the ia
| bilities. l2,O60Ol9. in branches OF manu-
| f.cfure or trade not specified. only TWO
OF the l03 manufacturing classes ana
only four Of thirteen trading classes sho"
Liabilities for the quarter larger than last
| wear. and only FIVE manufacturing anu
three trading show larger average hapll-
| tiles For the month Of March only three
manufacturing and four trading ciasses
| show larger amounts than last year ana
| only two manufacturing and hFe tI"ui'b'
| show larger average OF haDlh'ieS'
| almost every case, also, II II sho"i 80
the increase Is due TO one or TWO exp
| tiouallv large failures Of large claSs.
The returns compared with those OF
| three previous years disclose much I'M
| movement already and bright prospect
! for more hereafter.
WHEAT MARKET COLLAPSE
| \ sudden collapse i'm the wheat marhet
exceeding three cents In day appear
TO have no other cause than nela'eu
perception that past estimates Oh ylo"
were erroneous. Receipts have not wal
rauted hope OF a great advantage hoi w
they now warrant such eNpec'",lOn ~,
decline. western receipts ara smaIeit ina"
last wear and Atlantic exports are not
I large. though over go per cent. IhiEe'
than a wear ago. Corn receipts continue
heavy and exports for the week were
/ O. 323 go bushels against l4l2.lp Last year
and apainst Atlantic exports or Wheat
amounting (hour included 10 only lo-o ~
bushels against 1e67.553 last year
Iu spite Of the floods which must nave
materially affected the prospect cotton
/ has only advanced an eighth during me
week and the fate of those VINO were
absolutely certain that the crop or 1850
was worry short has left but lite confidence
| FOR further speculation. Receipts thus far
| stu indicate q supply Of American cotton
considerably greater than has ever oeen
consumed I'm one year. but the uncertainty
Of the coming crop induces much buying.
| The demand for cotton does not Increase
although sales OF fair magnitude continue,
| but print cloths are dull
SPECIFICATION CHECKED.
] cpoculation ln wool has been checked ny
the possibility that duties may take enect
April lst. and some inrgo shipments rom
abroad have been countermonded. WINE
Traders here are less disposed 10 sell
Bat trading between dealers make Up
much more than half Of the sales. and u
is not improbable that many mills nave
ne U.s. claimed. "a FUN years supply
The demand FOR mems goods has dimin-
ished the first round OF purchases nav
ing been completed by many buyers WIN
results fairly encouraging. and the de-
mand for dress goods especially of the
lower grades. has caused an advance OF
per cent in some lines.
Tho iron industry g. hampered by the
contest between Nesaha ore interests.
which prevents as yet any settlement or
orc prices. and leads many 20 expect fur
ther decline On finished products. The
Illinois steel Works. the Lake Erie Works
at cleveland. and the works of oliver q
60. and Hvers & Co. ~ Pittsburg are
stopped by the labor difficulties and some
furnaces have stopped because the pro-
ducti0n Of pig iron had outrun the demand
for finished products and heavy stocks
remain unsoid. Bessemer az PlttsOur@
brings only So and Grey Forge only $50
the lowest ON record. but no quotahle de-
cline is seen in finished products. and nails
are strong.
BRADSTREETS VIEWS.
NEW YORK. April 9-Bradstreets to-
morrow will say:
The business situation as n whole shows
mo- gain. staple lines are only fairly ace
tive. Ovorfows washouts and floods COM
tinue 10 do great damage in the Missis-
sipp. and Missouri river valleys. through
out greater portion OF which trade re-
mains practically at n standstil Rainy
Weather extending from the central west
ern 90 northwestern spring wheat states
has rendered country roads almost im
passlble. with the natural effect upon
business. As tine region threatened in-
GUIDES the richest portion Of the cotton
belt tho prospect for delay in planting
second time indicates the possibility Of
heavy reduction in acreage this year.
hence tine advance IN cotton this week.
Pig iron. steel hlllets. and cast iron pipe
are lower n price and the demand for !
steel and iron is not AS hoavy as it has
been although the price OF Lake ore has |
been fixed al a. low figure and an ore pool !
formed.
Wheat has continued as disappointing |
as iron as 20 the price. dropping nearly |
four cents % hushel on Bradstreets rec /
port of an increase in the worlds visible |
supply last week instead OF "a decrease.
as expected. due 20 "A larger quantity OF |
wheat m sight abroad
Chicago has only about held its own /
little if amy Improvement being reported |
in trade there S. Louis more depend |
en- on traffic with the flooded region. re- |
ports % decrease iu volume Of business.
J0bhers at Omaha. ST. Paul. Milwaukee !
and Philadelphia report better market |
notably iu dry goods oils paints glass |
Shoes and leather Prospective advances |
in the wool tariff are behind another rise /
iu prices 81 wool and wooiiens. but cotton |
goods thus far fail to advance because |
restricted production is meeting current /
demand. Nearly all staples except those |
mentioned ass having advanced. have de- |
clnel
Exports of wheat MoIr Included rs |
wheaU from both coasts Of the United |
States and ST. john y. B.. this week /
amount Dob 0if. 30 bushels. compared with /
$1,000 bushels last week. On bushels !
in the week 3D. year ago. 253i ofo bushels in I
the week two years ago. ls5o0 bushels |
three years ago. 1s compared with $780, |
O01 bushels in The Ike week II 1913
Exports ~ Indian corn amounts 20 g. /
49, $50 bushels this week compared with |
go O00 bushels last week. l t9l 90 bushels |
I'm the week year ago. lel4Dp0 two ycas |
aro az 600 bushels three years ago. ana |
AS contrastcd with 900 in the like week
Of 1893
business failures remain AZ tho lower |.
level recent" reported 49, ths week CONF
pared with "a. last week. -3l in ile week
Il year ago. 225 two wears ago. and 2i, |
three wears ago. There are y business |
failures reported from the Canadian do
mInlou this week against IS last week 30
i'm the week year ago and % two years
ago.
A PIIIIBLE CIsE.