Daily press. [volume] (Newport News, Va.) 1896-current, 1898-01-29
CONDITION OF TRADE
Favorable Reports Outweigh
Others.
IN MANY LINES
Slight l:ut Distinct lmpro, emcnt ia lie
Cotton Goods Situstion. Failur res for
the Week in the United States
and Canada.
(By Telegraphl.


NEW YORK, Jan. 2S-Bradstreet.s
tomorrow will say:
Favorable conditions fc the trade sit
uation continue to far outweigh those
OF irn opposite character. Stormy
weather throughout a large section Of
the country this week has checked the
movement of merchandise into con-
sumption. but "a perceptable increase in
the demand for seasonal BILE goods is re-
ported as already resulting. The last
week of the month closes with increased
activity in many lines, number of
price advances, heavily increased bank
clearings, as compared with one year
aSo, at nearly all cities another con-
siderable drop in the number of fail
ures reported, large exports of cereals,
particularly wheat, corn and flour, and
perceptible confidence in nearly all
branches of trade as regards the out
COX for spring business. Another ia
Norao ole feature of the week is the slight
out distinct improvement in the cotton
%ooc& situation, in which speculative
iclFity is awakening. Print cloths are
higher, and some makes of gray ami
medium weight cottons are more firmly
held: Pig iron is rejecting the effect
OF the present unprecedented produc-
tion. and further weakening in prices
IS recorded at eastern points. At the
West, however, consumption of pig and
of the finished products of iron and
steel is reported increasing, so as to
nod prices firm. Large sales of bar
steel and rails are reported at Chicago
and st. Louis, with mills refusing to
take orders for delivery earlier than
iate summer. Boots and shoes hold the
late advance and manufacture OF
heaVy weights Will not take orders foe
tai delivery at present prices. Wool is
strong on large sales and firm prices
abroad. Prices of most staple products
are higher on the week: noticea BILE in
stances are those of wheat, which is
past the dollar mark again at many
Western markets. The active demand
for the klondike trade is reflected in
canned goods. stocks of which are re-
ported very low, with prices holding
the late advance.
Collections are generally reported
tar, those indicating backwardness
coming most generally from the South
Cereal products are again heavy. to-
tai shipments Of wheat, including -four
tor the week. amounting TO 5,110,624
bushels. against 3,926,O0 bushels Last
week. 2525.000 in the week a year ago,
: '?3o,0oo bushels in 1896 and 2,OS3, 900
bushels in 1895. Corn exports have also
increased from last week, amounting to
4.9o2,Vo0 bushels, against 3.4S6000 bush
els last Week, 3.011 900 bushels last year,
",l9I 900 bushels in 1896 and 942, 1000
bushels in 1895.
business failures for the week are the
9tiii'teSl ieI'ofteu IN the fourth week
OF January for five years past, num-
hering only 2SS, against 800 last week
326 in the corresponding week of last
year, 1893 in 1896, 3l2 in 1895 and $40 in
1894. OF the failures reported, 251. or
81 per cent. We're of concerns having
five thousand capital or less, and 95 per
cent. in all were of concerns having less
than $40, 900 capital
Business failures in Canada this week
number As against 46 last week, Sc in
the week a year ago, and So in the like
week OF 1896