Daily press. [volume] (Newport News, Va.) 1896-current, 1898-01-15
WEEKLY TRADE REVIEW.
Bright Prospects For Heavy Bushes.
,EhiS Year

| N'A'Shs AipsFeCts u1SlNS BUSINESS
This Year.
tBy Telegraph)
lNEW YORK. Jan. lar. C. Dun &
Company's weekly review OF trade will
say IN its issue tomorrow:
The year has opene1 with a very
satisfactory prospect. 1t is all the bet
ter that thece is n. Viii excitement
IN the speculative market, and Will.
stocks advance a little. gram Yields
little. The payments through principal
clearing1houses, noatwlthstan ling lie
crease AIT Ntsw York, owing to less
activity in stocks, are &c per cent.
Larger than in 1892 and 13.1 per ccnt
larger outside OF New York. Earnings
of all the railroads in the United States
reporting for December. s43,asi.2I9. in
dicates substa ntiaiiy the same rate Of
increase, exceeding last years by 1915
per cent. and the earnings Of 1S9. Ger
the same roads by Is per cent, Since
1892 was on the whole the most pros
porous year thus far, comparisons midi
ca'he. Notwithstanding the lowest prices
ever known. that the volume OF bust
ness is larger and in spite of some
cutting Of rates. the earnings OF rail
roads imam In the best yesr Aof past
history. ESS.t's -
1.-THE wheat market has been curious
y languid. yielding IA cent. although
Atlantic exports amount 10 6,056. 7Ss
bushels for the two weeks of January.
against 6.7S3,T1I last year and Pacific
exports for the Week have been 1879
676 bushels. Western receipts continue
so heavy that With the greatest accu-
mutation OF wheat at Chicago ever
wnown there is little encoura cement
for speculation and receipts were s.
127,250 bushels for two weeks a gainst
3.0aS ,66S bushels last year. Corn ex-
portsrcontinue large. amounting to 81
1858 bushels against 3.147.6 bushels
For the week last year The price de-
clined about "a OF cent. Spot cotton
IS a sixteenth lower for midland uplands
mainly hSecau:se of tlre stoppage OF some
mills by difficulties about wages. But
nothing is definitely known about the
quantity OF cotton yet coming forward
and one report of credltables chara eer
puts the years yield at 1O.57O, $50 bales.
though results thus far do not quite
quite Justify 50 large an estimate.
The iron furnaces in blast January
| report an output of 226.6 sos tons week.
ly. against 226.024 weekly December 1.
with an increase of %. 4S1 tons in the
unso!d stocks held by furnaces. While
thus shows a consumption OF So 1-2 per
cent larger than a yeara go.5there
would be Encouraging indications OF
consumption but for the fact THAI sew
eral furnaces We're stopped for the hol-
sdays. and these with several others
have started since January L. while the.
demand fcr finished products has not
diminished. THE Pennsylvania railroad
!,
and a new railroad I'm Maine 12G00 TONS
and other orders for cars, railroad sup
plies. plates. has and STRUCTURAL mat e.
rial are usually largeGfor this season.
Tho wooden manufacturers have
been buying wool. largely and for lreas-
ons not publicly explained 1t is evil
dent that Ia rye orders have been taken
by tilsa leading mills ait pniceS which
they find Sa tisfaetory. and the rush of
small mills to buy wool has ma de most
,vf no oV>lra a
although sales have been declined
about 40 per cent. compared With the
previous week. But there ds decidedly
better demand cor mems wear goods
and the makers look forward ty. a good
ton u
heavily overloadsa by excessive pre-
ilidtiSn, find no increase in demand.
and no gain in prices.
Failures tcr the past week have been
$40 in the United States, against. 45k
last year. and As in Canada, against
II last year"
NEW YORK. Jan. libra dstreet's
tomorrow Will say,
''nStrihutive trade remains quiet,
mild weather throughout the country
tending to check the distribution of
winter goods. Prices generally remain
steady and tend upward, except for
some grades of iron, and orders for
spring traLlA. where received. are en-
rouragrng. Industrial activity lis most
manifest in the West, where the de-
n1antf for iron is Very barge. A feature
OF 1.-THE week was the placing OF an order