Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-09-24
TRADE FEATURES.
THEY CONTINUE FAVORABLE
ALONG LINES HERETOFORE NOTED.
IMPROVED TONE IN WHEAT AND FLOUR
Raw Cotton, on the Other Hand, Re-
fleets Probability Of Continued
Plentiful supply and slow Demand,
In Quotations Lowest ON Record.

NEW YORK, September 1.-Brad-
streets tomorrow Will say: Favorable
trade developments manifest themselves
chiefly along the lines previously noted.
The Importance Of a large export demand
TO the country's domestic interests is
frightened by the improved tone In wheat
and flour this week. growing out Of the
better foreign buying induced by less
favorable Russian crop reports. smaller
shipments from that country, and appa-
rontly continued careful selling by Amer
lean producers. Raw cotton on the other
hand, reflects probabilities of continued
plentiful supplies and rather slow demand
In quotations, lower than the lowest
point reached in the year OF depres-
sion, 1891. when a large yield was coin
cident with poor trade, industrial troubles,
ana tight money.
From the West and Northwest, adyices
continue largely in the former cheerful
strain. Some relaxation I'm activity is
noticed in some lines, but the volume Of
trade as a whole is evidently equal 10
any previous record. At the South. low
priced cotton and yellow-fever quaran-
tines affect trade adversely, Improvement
in one section being counterbalanced by
less favorable advices from others.
Favorable conditions on the Pacific coast
are most numerously reported in the
States of Oregon and Washington. Con-
scrvative management earlier in the year,
however, has resulted i'm fairly good con-
ditons in California, where crops were
less favorable than further north. and
| failures are down TO a minimum. At the
/ East, the least favorable reports continue
10 come from the textile industries. Wool
! is quiet. and manufacturers are not en-
| couraged to buy heavily, in view Of the
! very moderate tSade i'm woollen goods
| Cotton goods are in better distribution
| but prices betray the unsettling influences
/ of low prices for the material, and print
cloths are slightly weaker.
IRON AND STEEL.
| Activity in iron and steel manufacture
| continues undated. and similar condi
| lions are reported abroad. Talk Of further
| moderate advances in price has increased
particularly in this country, which. to
day. generally speaking is the cheapest
market for iron and steel in the world
| The export trade I'm pig-iron from south
| ern points continues very nedNy, anu an
| other advance of q cents is reported by
| some large southern concerns.
Improved foreign demand for American
| cereals is shown I'm the enlarged volume
| Of shipments this week. Wheat, inciudini
| flour, shipments aggregate 1881. S5S bush
| els. against 1875 POI bushels last week
| 8 7OS Sg5 bushels i'm the corresponding weel
! Of 1897. 1880. 4G6 bushels i'm 1896. 3.l5l.sJ
bushels i'm 1885. and 1852, 800 bushels in 1891
Since July LIST. this year, the exports o
wheat aggregate Al 100, 44i bushels, asains
| So 31O.52j bushels last year.
Corn exports for the week were 2626,2s
bushels, as against 2.S3l.005 bushels las
week. 4.O22 142 bushels in this week on
year ago. $50 7 bushels in 1886 1.3GO 50
bushels in 1895. and 10000 bushels in 1894
Since July 1st. this year. corn exports
aggregate SO, 1865 165 bushels, against S8Sss
Q91 bushels during the same period OF 1871
Business failures for the week were il
I'm the United States. against 10 las
week. and compared with 13l this weei
q year ago. S2l in 1896. 19S in 1885, and 20
in 1890
Business failures in the Dominion mum
her 10. against 20 last week. 80 IN I'M
week one year ago. and "a IN 1896.