Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-04-30
BUSINESS SITUATION,
HOsTILITIES HAVE Not YET
CHANGED CONDITIONS.
FOREIGN DEMAND FOR GRAINS.
1t u Than IL Has Ever Be-
fore Been Known TO Be-Grcat De-
sells,


NEW YORK. April 29.-Messrs. r.. g..
Dun & Co.'S Weekly Review Of Trade
tomorrow will say: Hostiliues have nos
as yet changed last weeks conditions.
There is much postpOremont Of orders
by men who do not know what they arc
waiting for. and much restriction Of loans
by banks which are ~abundantly str0ns.
All this checks new business, and set
the volume Of transactions through
clearing houses is s per cent. larger thaa
in the same week Of 1892. with no foreign
trouble.
Many have been asserting about every
day for the last two weeks that wheat
speculation had eliminated. but the price
has in that time advanced 4l-2 cents.
Receipts, 2.726.5s0 bushels at the West
this week, against i.552.S5 a year ago.
and averaging 10000 bushels per week
for January. February, and March. show
no exhaustion OF supplies, while exports
to 3.7O4.675 bushels from At
lantic ports, against 6f3,lIS last year
and 7ss.O7s from Pacific ports. against
1884 last year. -four included ga
all cases. make the exports for
the four weeks L-.093.7S from Allan
tic. and 2.ss0.O20 from Pacific ports.
and for the crop year thus far. lsoeol6S
bushels. against lg7.15s,6Si during the
same months and weeks OF last ycar.
Corn exports for the week were 3.UsE0
bushels. against S.029,06 last year. and
for four weeks ave been H,4b.6.l BUSH
els. against 10 $780, 07 last year This
makes about ISL 10000 for the crop year.
No such foreign demand FOR both grains
has ever been known, and IL does rQt
seem TO be satisfied at all as yet.
THE GREAT INDUSTRIES.
Confusing accounts about the great in-
dustries canno cause surprise. lu SIC"
OF the contradictory influence or the
monetary stringency, curtailng many
orders. heavy orders by the government
In many branches. and an all-peryadins
confidence that after temporary conli-
lions ave passed, business is going to ne
better. The consumption o. iron is sihl
greater than ever. though mary strlc-
tural and car contracts have been de-
ferred.
The cotton manufacture has been helped
by some government contracts ana
temporary advance in raw cotton 10 ntt'
though the price has since declined asilh
20 1851. Supplies have boon larger III
some previous years thar thew are nov,
and yet they are enormous. ana me ct-
mand for goods Is still hindered by ths
great stocks I'm sight or REPORTED.
Woollen manufacturers are dong raineI
better, large government oraers neiii.s
some works. while other demands tle
more encouraging.
Failures for the week have been 22 ih
the United States. against 20 last ffH'
and Is in Canada, against ~ last year
LACK OF EXCITEMENT.
Bradstreet's tomorrow will say: Ine
lack OF excitement. nervousness. or IT.
terruption Ia the ordinary conduct pl
business. and particularly In the JUSTICES
operations with which this country Dt.
passed from peace 10 war. seems NN'Is
10 become historical. When cohlftri.t
with the record as 10 the extent ot nl-l-
ness movements at periods IN me coun-
try's history when war was The final re-
suit Of strained relations. the tempo,
with which the country has r..o-niH.p
the outbreak OF hostilities win "a IoIrihu
Power is not only proof that me ouiNt,.
and depression OF the past six weeks nave
largely discounted the effects usually WIG
messed. but furnishes a valuable iudeA p
the general point Of View taScn by i..
business community as % the outcome ''
the pending war.
Little or no effect upon general trace
distribution Of an unfav0rablc characl-.
Is pcrceptible in the reports Tor ~ I
week. Perhaps the most notable. htc'
the most uniform. feature has )teh ~
unanimity with which the quotniol w.
leading staples nave beer married up.
These advances. TOO. have not been con-
aned 10 food products, but include WeF
different articles alike OF home fud l.I
eign growth. The Gemand for steer plt
for vessels 10 replace those tthta nf
government is also a feature ~ ftti.s
and the outlook Is FOR activity pm i
ship-building industry for sone tine "
come.
SHIPPING RATES.
A feature Of importance is tIc im-
mense demand and rather inaf'qA'l.
supply Of freight room In vessels stll's
from this country In the near iuilfF'
Rates have again advanced. and sni
ments from several ports are repnfl.l
crippled, not only by the advanced qug'
t%atiOns. but by the absolute searciy "
some cases OF neutral bottoms 90 cary
freight In.
The crop situation generally of
most gratifying kind. Undoubtedly ~
favorable crop prospects have ortl =
stimulating feature throughout most Sc
tions Of the country. and. taken M eoi-
junction with the advance IN cereal pi-.
ducts. have tended very largely 20 on1',
any possible m effects CROWNS our 0t
the present situation.
Cereal exports show an increase 80
week. wheat shipments from THIS COUNT
and canada a~ggregating tie,&s ous9,
against 3.232. 900 bus hels last week lloNN
bushels In the corresponding week n k'
ago, 10000 bushels In 1896. and 400
bushels in 1885 Corn exports are ga
bushels. against 2JSlCO bushels li,t
week, 3.65T.0o0 bushels In the IKE wesn
year ago. 2lt200 bushels In lN@. l'e
bushels in 1856. and 5000 bushels IN -
Business failures during the week num
Der 2f5. a. gsin OF 81 over last week. az.
% n rt,~ xfffh efi In fEa RATTGNnOU0lNN