Daily press. [volume] (Newport News, Va.) 1896-current, 1898-09-24
TRADE CONDITIONS.
Larger Cereal Exports and Improving
Outlook in Many Lines.


tBy Telegraph)
NEW YORK, Sept. 23.-Bradstreet's
tomorrow will say: :
Favorable trade developments mani
fest themselves chiefly along tn. lines
pe.lousiy noted The Importance of
iarse export demand to the country's
domestic interests is illustrated by the
improved tone and price in wheat and
nour this week. growing out of the bet
Ter foreign buying induced by less fay-
orable Russian crop reports. smaller
shipments from that country and an
l.arently continued careful selling by
American producers Raw cotton on
the other hand. reflects probabilities Of
continued plentiful supplies and rather
$40" demand in quotations, lower than
the lowest point reached in the year Of
depression. 1894. when large yield was
co1ncident with poor trade, Industrial
troubles and tight money.
from the west and northwest ad-
vices continue largely in the former
cheerful strain. Some relaxation in
activity is perceptible in some lines at
large markets. but the volume of trade
as whole is evidently equal to any
previous record. At the south low
priced cotton and yellow fever uuaran-
tines affect trade adversely. improve
'nent in one section being counterbal-
anced by less favorable advancements
from others. Conditions on the Pacific
coast are most numerouSly reported in
the State Of Oregon and Washington
Conservative management earlier in the
year. however. has resulted in fairly
good conditions in California where
crops We're less favorable than further
north. and failures are down to a min
imum.
AT the east the least favorable re
ports continue to come from the textile
industries. Wool is quiet. and manu-
tacturers are not encouraged to buy
heavily in view of the very moderate
trade in wooden goods. Cotton goods
are in better distribution but prices be-
tray the unsettling influences of low
prices for the material, and print cloths
are slightly weaker
Activity in iron and stee! manufac-
ture continues undated. and similar
conditions are reported abroad Talk
of further moderate advance in prices
has increased. particularly in this
country. which. generally speaking. is
the cheapest market for iron and steel
in the world. The export trade in pig
iron from southern points continues
very heavy. and another advance of -
cents is reported by some large south
ern concerns. ."
Improved foreign demand for Ameri-
can cereals is shown in the enlarged
volume Of shipments this week. Wheat
tlncuding f1ourl. shipments aggregate
1891 1853 bushels. against 1876, bush
els last week; 5.7oS.S25 bushels in the
corresponding week of 1897: 1896. 46s
| bushels in 1896; 3.l51 9O7 bushels in 1895:
and 2.5623Oo bushels in 1894 Since
July this year exports of wheat ag-
greEate 4l.160.4+4 bushels against So
310.a25 bushels last year.
Corn exports for the week aggregate
1922 $50 bushels as against 2,33l ,OO5
bushels last week: 4.022 .142 bushels in
TINS week one year ago; 2.plu,497 bush
els in 1896: 1.360325 bushels in 1895. ana
10000 bushels in 1894 Since July l.,
his year. corn exports aggregate 3D.
800. l6o bushels against 3S.399991 bush
els during the same period of 1897.
business failures in the United Sta ties
for the Week number 1S2, against Ia
last Week. but compared with 237 in this
week year ago:32l in 1886: 19S in
S9': and 2O4 in 1894. business failures
IN the Dominion of Canada number lg;
against 20 last week: IS in this week a
year ago, and "a in 1896.