The times. [volume] (Richmond, Va.) 1890-1903, 1897-10-09
BUSINESSSTILL INCREASING.
adverse Influences Cannot HOld in
Check the Rising Tide.
GREAT ACTIVITY IN The IRON MARKET,
The Demand for Finished Products Va
Ouigroun tho Capacity Of Mills in ope.
ra,ion-The wheat Yield Put as
500. 100000 Bushels.

row.
while failures we're the smallest ever
known in any quarter since 1880. and bus
insss payments through banks. the largest
by SOS 10000 ever known in Septcmbei,
tho spectators who profess anxiety
about cuba and fever az the south and
municipal elections. stl' have some infiu-
oncc. Helping them Just now is the fact
that aflcr extraordinary purchases for re-
picuishmcut Of stocks from any section
Or town. ,hcre must necessarily be for
time less buying from that quarter. yet
business Is stu increasing. The produc-
tive force steadily onlarecs. the distrbu-
tion 81 vases affords an increasing fund
for purchases and the foundations are
laid for % larger business hereafter The
weeks exchanges are So per cent larger
than in 1872
TIE IMMENSE WHEAT CROP.
crop reports which have widely differed.
now aercc in putting the yield OF wheat
from about $50 TO 500 million bushels.
which is nearly 10000 900 bushels more
man wil bo required for home use. keep
ing stocks ass they were July lst, tho loy
est for seven years AS foreign reports
indicate a larger demand and exports
since July lst have been nearly MS heavy
Rs iI The rtst past year with 2.'o' 'Si BUSH
els from Atlantic ports flour included. for
me last week against 2.2f05d last year
the recovery OF / To cents in price for
the week is not without reason.
Western receipts continue 20 exceed last
years Se0l2a bushels against 7.28 %s
Cor tho week.
with less favorable reports ~ yield
corn exports fall short slightly with small
difference in price. Cctto1 IS unchanged
a. price with iarCcr CONSUMING demand
though big crop estimates do nov appear
10 be disputed
IRON IS STRONG
T.srre increase in the production Of pig
.ror ana heavy realizing sales or lots heid
on speculaiOn. have caused decline OF
y cents 10 1850 for Bcssemer al II tsburg,
though Grey Force there has advanced
- cents ano pg iron is stIont lh 'iiSdso
and Eastern markets. But finished pro
ducts grow stronger with demand out
raining tho capacity OF works IN opera
ftou I'm many branches. So that delays IN
delivery in sheets and tin plates hafs are
embarrassing. and in some other branches
orders cannot be filled within one or TWO
months Building Of more vessels on me
lakes and sea coast heavy orders Tor
sheets bars rods and pipe, have caused
advances averaging half Of one per cent
for The week on am classes, but the gen
oraf gain IS vet not quite I'D per cent from
the lower point Reports Of Tnblnauoh
IN steel rails arc denied and IT Is SAID that
only three large producers Nill agree on
prices while the rod and wire compact
Tppears TO be stll in the future.
RISE ~ WOOL
Wool has now reached an average os
MAJ cents Dtr p-und. FOX 100 quotations
of domestic by Coates Brothers, OF fhliA-
delphia. showing a rise OF cents since
g vear aro With "a mich heavier rise
on some ouanties. but following am aver
age decline of II cents from March' 1870
Speculative sales stu account ioI hos1
Of the accreg3te which has been lf'''''.V
pounds at the chief markets lot tn' "'lN'
Of which Sgl5.sgO were domestic, but mani
ufacflrers aye purchasing some wool for
mixture with the cheaper wool held Tor
some months past
The rise has so greatly exceeded the
advance in prices Of woollen toou 'l"1
the mills mieht have 10 pause but lot the
very large stocks purchased IN advance
Goods aye strong, with a further advance
I'm some grades. but IN the aggregate thu7
Gar NOT 20 Dcr cont iron the lowest point
against 90 per ccu.. advance III the aver
axe price of wool
Dealings I'm cotton goods are DELAYED
hv weakness in raw cotton but nelther
print cloths nos other goods have de-
cIned since last week. and. though the
mills are not quite fully employed, con-
tinued Increase in consumption ~ with
reason expected.
Failures for the week were ~ m INC
United states. against 2s6 last wear, and -
in Canada. against &c last week.
BRADsTREETs VIEW.
NEW YORK. Oct 5.--Bradsueets TO-
morrow will say.
Distribution of general merchandise I'D
the Central West ard Northwest IS turth-
er checked. owing 10 :1e prolonged
drought In Kentucky, Illinois, Kansas'
portions of Missouri. Nebraska, Iowa
Minnesota. and the DakOta5. Geographic
advices TO Bradstrects report aer'ous
damage IA Kansas and parts OF Nebre.''.
and Iowa. where the carry plahteu "heat
is up. budding out. that planted later IS
no. likely 10 sprout. FAN blowing IS now
impossible. Six weeks without rain have
dried up pastures. and compelled farmers
ia led stock Manufacturing industries
throughout the Central West, particularly
iron and steel continue active. and there
IS an increasing tendency OIL the part
OF the interior merchants to remit prompt
ly While the volume of trade has de-
creased az Chicago il is ahead OF the
like record in recent years.
There !s a moderate improvement in
business in the South. Alabama aaNng
raised the quarantine against Georgia
cities. and Central and Northern Texas
points having resumed commercial rela-
flons with Galveston. Planters continue
20 hold cotton. which delays collections.
HIGHER PRICES FOR COTTON.
Higher prices this week are reported
for cotton which has been declining for
some time. and I'm sympathy with wool.
Naval stores. under purchases 10y LARGE
traders. wheat -four and eggs have in
creased. print cloths lard and teef have
declined Hides are weaker lead Is lower
and Bessemer pig has sold of 70 cent
ton under heavy speculative offerings,
notwithstanding the iron ans steel mar
Lets as a whole remain active and firm.
Frports % wheat (four included as
wheat from both coasts for the United
states and Canada. this week show
heavy falling or, dzgregat'ng only 4Ss5.-
en bushels. against $4,000 bushels last
week. but compared with 10000 hnshels
IN the week a year ago 2.2A 900 bushels
IN 1895. $50 90 bushels in 1894, and 2S62. 600
bushels ,r 1895
Corn exports also show a heavy drop,
aRgrcgating only 2I0ee0 bushels. against
2foS coo bushels last week. 2Tl20l0 bushels
IN the week q year ago. 1.SjL0oo bushels
sn 1898. $4,000 bulhels in 1874. and
] ooS o0c in 1893.
There arc 90 business failures reported
throughout The Cnite6 States this week.
compared with l69 last week. 20i IN the
week a year ago. ga two years ago. and
rs compared with 4oG in the first week OF
October. 1899