Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1897-04-10
three previous years. disclose much i'm
provement already. and bright prospect

three preylous years. disclose much i'm
proyenient already. and a bright prospect
for more hereafter.
A sudden collapse In the wheat market
exceeding cents In DAY appears 70
perception that past estimates of yield
were erroneous. Receipts have not war
ranted hopes of great advance, nor
do they now warrant aic,s sucn expec,au1or ra a1er
than last year. and Atlantic exports are
nor large though over ep per cent larger
than a year ago Consolidated receipts
continue heavy and exports for the week
were 1929, $40 bushels against lsn2,nv iast
wheat amounting. -four included, to
only 1,521, ,l22 bushels, against sel,55S last
year.
In spite Of the floods, which must ma,
terially affect the prospect. cotton had
only advanced an eighth during the week,
the fate of those who We're absolutely
certain that the crop OF 1886 was very
short having left but little confidence
for further speculation; ResceiPIs erinsn mus
considerably greater than has ever been
consumed in one year. but the uncertain
ty of the coming crop induces much
buying. The demand Tor cotton goois
does not increase, although sales OF fair
magnitude continue, but print-cioths are
dull
Speculation i'm wool has been checked
by the possibility that the new duties
NAV take effect April lst and some large
shlnments from abroad have been coun-
termanded while traders here are Tess
disposed to sell. But tradlng petWeei
dealers makes up much more tnan nan
of the sales. and 1t is not improbable
that many mills have, az Is claimed
full year's supply. The demand for
mems goods has diminished the first
round OF purchases having been completed
by many buyers. with results talrly en-
couraging. and the demand for dress
goods. especially of the lower grades,
has caused an advance Of per cent. in
some lines. A.,
The iron Industry is hampered by the
contest between the Mesaba ore interests,
which prevents as yet any settlement
of ore prices and leads many to expect
further decline in finished products.
The Illinois Steel-Works. the Lake Erie
Works at Cleveland. and the works OF
Oliver &, Co. and Byers q Co.. at Puts
burg. are stopped by labor difficulties,
and some furnaces have stopped because
the production Of pig-iron had outrun the
demand for finished products; ana nedvy
stocks remained unsold. Bessemer at
Pittsburg brings only $40, and grey forge
only sS75. the lowest on record; but
no quotable decline is seen In finished
products and nails are strong, r,.
Bradstreets tomorrow VIII say: Inc
business situation as a whole shows no
gain. Staple lines are only fairly actve.
OVerfiows. washouts, and hoods commune
TO do great damage in the Mississippi ana
Missouri river valleys. throughout a
greater portion OF which general trade re-
mains practically at standstill. Kalhy
weather extending from the Central West
ern TO the Northwestern spring-Wheat
States has rendered country roads almost
imDa sea BILE with the natural effect upon
business As the region threatened In
cludes the richest portion of the cotton
belt. the prospect for delay in planting a
second time indicates the posslpllity OF
heavy reduction in acreage TINS year
Hence the advance I'm cotton this week.
Pig-iron. steel billets,. and cast-iron
pipe are lower in price. and the demand
for steel and iron is not as heavy as IL mas
been. although the price OF Lake ore mas
been fixed at a low ngure ana an ole pooi
Wheat has continued as disappointing
as iron as TO price. dropping nearly !
cents a bushel on Bradstreet report Oh
an increase in the worlds visible supply
last week. instead of decrease, as ex-
pected. due to larger quantity ol wheat
Chicago has only about held it's own.
little If any. improvement being reported
I'm trade there. ST. LOUIS, more uepehu-
norris a decrease in the volume or DUST
ness Jobbers at Omaha, st. Paul, Mill
waukee. and Philadelphia report better
market. notably in dry-goods. OILS, pants
glass. shoes. ana leather. llOSptNAlNt a."
yances in the wool tariff are behlnd
another rise in the prices of WOOL ana
woollens but cotton goods thus far tail
to advance. because restricted production
is meeting current demand. Nearly all
staples. except those mentioned as having
advanced have declined.
The exports of wheat flour included as
wheaD from both coasts OF the uhlteu
States and St John n H.. this week.
amount 10 2.036 797 bushels, compared with
q .o4 ,O) n.ls ilclsf ls-is = htl.s ~
the same week year ago, 2,55f.oOO push
els I'm the same week two years ago
955 900 bushels three years ago. ana az
contrasted with 2.39S000 bushels IN the
like week of 1898. The exports or indiah
corn amounted to 4l65. 5S5 bushels tnis
week. compared with 100000 bushels last
week S9l 900 bushels in the same week
a wear ago. $4,000 bushels two years ago
/ 427 900 bushels three years ago ana az
contrasted with 9OSoOO bushels in the IKE
week Of 1898. -,
Business failures remain at the lower
level recently reported-Z2 this week, COM
pared with 2l2 last week 25l In same week
a year ago, 225 two years ago, ana 2le
three years ago. There were 32 business
failures reported from the Canadian Do
minion this week, against IS last week.
90 i'm the same week year ago, ana 20
two wears ago.