The Norfolk Virginian. [volume] (Norfolk, Va.) 186?-189?, 1898-02-26

Co.'S weekly review
In it's issue of to-morfS&s
| Foreign possibilities SIS
fectcd speculation ana causS2$5S sss
| ton IN some large business oDSSa&$ SS5$8
possibly accounting III part for ~ s.
IN The rapid advance of wheat. ~
! Industrial production continues largcIN
| than ever, Il few more works being
added Ia the active list with a de-
crease in the number of hands on strike
and renewed evidence that the volume
| OF business is larger than in February
or any previous year. Nor is there any
| symptom Of Il sensclcsS craze based on
rising prices The legitimate export
and domestic demand presses closer TO
| the capacity of works and though
there is no Eighty advance In any
| me. ana in all narrDwnesS of profit
is matter of complaint, new business
for this duh season is unprecedented
wheat continues It's progress up
ward until 10S.75 was reached on Mon
| day, but declined 3A cents later, as lie
| there were fear that Spain would
somehow stop British vessels from
| taking wheat across the water. Any
ylclung based on foreign Possibilities
deserves little notice, but the price has;
advanced about 10 cents since Chicago
| spectators last took occasion to shake
| off weak followers and tho opportunity
| WI Ic'tttlOH WIS inviting. 1ntrc IS
no abating Of foreign demand At
lantic exports were 1,96s,Sli bushels,
flour included, for the week. against
l."26.4i4 last year, and Pacific exports
| l,oI6,S16 bushels, against 136,i6i last
year. In view Of current excitement
these figures are mere important than
the aggregate for four weeks-l0 1856
a12 bushcls--aganst G,5SS.il5 last year
| from Atlantic ports and 4.053,02 bush
| els. against 1.Gll,2i6 from Pacific ports.
Corn exports for the week were li.5
per cent. less than last year. hut the
cash price declined but slightly The
spot price of cotton was not affected.
! BRADSTRbl1T'S REVIEW.
| Rradstreci's Tomorrow will say:
| While business of Il speculative nature
| has been quick 10 reflect the inCrea sing
strain in political affairs in reduced
! values and withdrawals or curta;Imcnt
of activity in some lines. there is little
| TO indicate that the volume Of distribu-
| tive trade has been reduced. and re-
| ports 10 hradstreGt'S this week, so far
| as the latter branch II business is CON
| cerned, are among the hest received
this year. With few Important excep-
| tons, the price situation is one OF
! strength while the enlarged demand for
| coarse grains is taken to reflect The
| turning of attention from higher priced
| cereals NO those Of 4 lower priced char
| acter At the East last weeks snurt In
| the dry goods trade at Boston does not
| seem to have held. but at New York
! there is considerably more doing in the
| jObbing trade
The cotton situation Is one Of firm
| ness. rejecting alike the curtailmcnl
| of production growing out of labor
! troubles and tho Grmness OF raw cot
| ton induced by u good export demand
| Wool Is firm but the demand has per-
| ccptibly siackcnod, and Ghere is less
| doing in manufactured goods. The best
| report as to the distribution Of trade
made 50 far this year comes from the
| Central West.
| The demand for iron and steel at the
| West still continues large ana prices
! are firm. y feature of the Chicago trade
! has been the placing Of an order for
! 5000 tons OF steel rails for the railroad
! in Alaska. Almost equally good reports
! come from the Northwest, where trade
! is reported either fully equal 10 or
| ahead OF last year. The South seems
| TO have shared in the Improvement 10
| n notable extent. Collections are re-
| ported retarded in Texas, owing 10 the
! holding back nf cotton The Vrora
! klondike accurately pictures the sttua-
| tron on the Pacific coast All eyes an
| pear to be fixed on the Quitting ira de
| ana the transportation OF men and sun
! plies 10 The North
| a Very large drop in The number of
! business failures Is Indicated bv rrDorts
( 10 liradstr=ets This week. the total num-
| Der being only 1S%. against go fast
! week. 23S in the corresponding week Of
| 1897. FL in 1896, 23i in 1925, and 27o in
| 1894