Daily press. [volume] (Newport News, Va.) 1896-current, 1898-01-22
WEEKLY ,s!EvIEw or TRADE.
Volume OF Business Remarkable for the
Time of Ysar.
ERv Te1aprra rrhN ~

Time of Year
CIV Telegraphp.
NEW YORK, Jan. 21.-R. G. Dun s.
Company,s review of trade Will say to-
morrow:
with a volume of business remarka-
BILE for the time OF year, 38 per cent
larger than year ago and10.4 per cent.
larger than in 1889 in payments through
clearing tuuses. 1t is not discouraging
that one or two industries are tagging.
The demand for most goods is more
heavy for the season, manufacturing
works ara better employed and orders
booked and prospects for the future are
more encouraging than at any time this
season in any other year. Of which
equally definite records exist. Exports
of products continue surprisingly heavy
In spite of some rise in prices. Treas
TRY re- apts from customs Were larger
in twenty days OF January than in the
entire month OF October or November
and apprehension regarding the none
tary future Us no longer felt outside o.
speculative circles. Fyailurs are consid-
erabEy' smaller than Were ever before
known at this season, both ma nufactur-
ing and trading less than half last
years.
The rise of wheat above dollar in
regular sales was not accomplished by
Signs OF speculative excitement. In
fact. the continuance of extraordinary
exports. 2.s45,705 bushels, flour included,
for the week from Atlantic ports. against
l5E3,el5 last year, and for three weeks
1893 bushels aga inst 1851. 532 las.
year. besides 4,O46. $40 from Pacific ports
for three weeks, would give excuse for
high plic>s even If the corn exports
We're not enough to suggest great for
eign need. amounting to 9,27O, 1S9 bush
lis against l0.I74, 293 for three weeks.
The fact that cargoeS of corn Were, shin
ped during the week to Egypt and Rus,
IA S-1tf ,t,.s,s
rope most relies for breadstuffs mex, 10
the United States, affected trade not I'm.
reasonably
Just when unprecedented production
or pig iron was causing weakness ex-
traordfnary demand for finished pro-
ducts appears. For this season, at least
the g nsral demand is beyond prece-
dent. including 100000 tons Of stee, rails
for the week. and 200, 600 already this
year, orders for plates so large that
f.uts'5ulg works send away some tc
other concerns, unable to fill all thew re,
ceive, orders tor bar such that MANY
concerns are Obliged to refuse more. an
exec Hent deman Tor shests and fais. for
structural fO,Tns. Nor 1soss this d.
uand spring from efforts to combine
ma i1srs OF wire and. its products and
makers of tin plates. Prices of ali fin
ished products are sus tafnsd by the. de-
mand; though Ressemer pig is Ave cents
lower at Pfttsburg. but pig at Chica so
is strong, with some production OF fin
ished forms delayed by its scarcity
The great strike of operatives in cot
ton mills of New England see ms as con-
venier't to mill owners with their heavy
stoeks as il they had ordereds it. Proba-
bly, it viii last long enough to work off
stocks ant! the print cloth market is
eaready about per cent. stronger, while
Slight advance is noted in some other
COTTON gotis. With very staenant mar
kets for wool. sales amounting to only
5,395.000 pounds at three chief cities,
which n ported over is 100000 in one
Week of September ard &c, $4,000 in
four weeks, the inquiry for round lots
is mainly for three-eighths and quarter
b.ood srlta BILE for chevio,.s. hut have re-
sulted in little dealing. The mills have
taken satisfactory orders for such
goods, probably not without Knowing
where they COULD get the wool. and the
so DIS movement is distinctly es1courag-
ing. though quotations OF the higher
nrSce heavy weights are, still deferred.
But very large business for the COM
ing season is already assured, according
to reliable accounts entitled to conf
dence.'
.'FailuNs for the past year have been
aI4 in the United STATES. against 400 last
year. and SO in Canada, aga inst IS last
year"