Daily press. [volume] (Newport News, Va.) 1896-current, 1898-08-06
CONDITION OF TRADE.
Prospects Of Peace Cause
Boom in Business.
F'RnNEss IN PRICES
Thls's One OF the Encouraging Features
OF tie Operations ofthe Past Month
Failures S,ill a..thc Minimum
GPy Tels2raph.)

NEW YORK. August 5-Bradstreets
tomorrow will say:
Til" stimulating influences of tn. an
parettly near approach of peace, eou
pied ~th the generally expected b.ne
hciai effects. il is hoped will flow from
lie opening up of new markets in III
lands added to the national domain
seem t. increase as the summer v.sn.s
hal the Improvement, whit. ;,s Vet aa
mi.t"'.t! enc largely of sentiment. is II
entirely 50 confined. however. is prove,
ny -r"i":'S OF Il sill further incre:. SEQ:
distribution Of staple goods in til. west
northwest and southwest, wher. III.
excellent crap situation has rendered
ether encouraging feature of the week
fects of war.
So far as the crop situation is CON
cerned. the past week furnishes not the
least notable contribution of the wear
in reports coming from the great sur
plus corn producing states Of beneficial
rains checking deterioration which
threatened material damage to this
most widely grown and intrinsically
valuable Of the country's cereals An
other aging feature Of the week has
has been the perceptible growth in
strength of the iron and steel situation
of the iron and steel situation.
filnnesS in prices is feature Of
particular interest in view of the rnor
nous production of pig iron early in tha
year and apparently reflects the going
into consumption nf most of this i'm
menSe productions. leaving stocks gen
orally within cnntrpiable limits En-
courasing export demand for our &c
reals. great steadiness in rices, largest
recorded midsummer bank clcarinps
and fairly encouraging railroad earn
ings. notwithstanding the unwilling
ness OF farmers To accept present ce-
real values. are additional ..ncolir IA sira
features Of trade a: thu. present time.
Prices are quite generally firm or
tending upward in spite OF the mi.!sun-
nler quietncss in many lines Of trade
As "a result of operations in July 30 or
about one third Of all staples advanced
in value. - declined while Al remained
steady Or unchanged. Advances in
many cereals. except wheat ANA flour.
live beeEes and hogs, i number Of pro-
visions. dairy products and groceries
most textiles. except COTTON pctro-
leum. rubber. alcohol opium and uui-
nine are features Of the months opera
tions. Important decreases are found
in some few makes Of iron and steel
some other metals ana in building lu,n-
Der.
Wheat shipments for the week, liou:
\ included as wheat. aggregate 4,ill,3;2
4 bushels. against 2.271,772 bushels last
week and compares with 3.30S,477 bush
els in this week a year ago, 2,747 $50
bushels in the corresponding week nj
1896, $50 49, bushels in 1896 aud Sal .
bushels in 1894. Since July !. this year
exports Of whea, aggregate !4,lai.l22
bushels. against ll.i5,.o2+ bushels last
year. Corn exports for the Week ag
gregatc 2.Sa6 243 bushels. against 2.iol =
81 bushels; last week. :!2."%o bushels
in 1887, ,251 iS3 bushels III 1886 onG. :
10 bushels in 1879 ANA 22G, 100 bushels in
1894. Since July !, this year. exports OF
corn aggregate l.; .il.%92 bushels.
against l2i6l $50 bushels last year.
business failures in the United states
are al a nininum. numbering 1879. ..tcn-
teal in number With those OF last week
but compared With PA in this week &
year ago. 269 in 1896 300 in 1899 ana ~.
IN 1874 Canadian failures number -
as against "a last week Al In this week
q year ago. 81 in 1896. Il in lS!6 and ~
in 1891