Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-08-06
THE TRADE OUTLOOK.
STIMULATING INFLUENCES or TIN
NEAR APPROACH OF PEACE.
IMPROVEMENT NOT SEHYlNEKYALOHLY
stiIi Further Growth In Distributors
of staple Goods, I'm West, North
west, and southwest--Excciiens
Crop situation Everywhere.

NEW. YORK, August 5.--.Bradstreers
tomorrow will say:
The stimulating influences OF the APP
parently near approach OF peace. coupled
with the generally expected beneficial
effects It is hoped will how from tho
opening up OF new markets in lands
added to the national domain. seem 10
increase as the summer wancs. That tho
Improvement, while az yet admittedly
one largely OF sentiment, IL not entirely
so confined. however. Is proven by re-
ports of a still further growth in tho
distribution Of staple goods in the West,
Northwest, and Southwest, whore the
excellent crop situation has rendered
harmless the supposed benumblng effects
OF war SO far as the crop situation
Is concerned, the past week furnishes
not the least notable contribution OF
the year in reports coming from the great
surplus corn-prOducing States OF benz
eficial rains checking deterioration
which threatened material damage to
this most widely grown and intrinsically
valuable OF the country's cereals.
Another encouraging feature Of the
week has been the perceptible growth in
strength Of the iron and steel situation
Firmness i'm prices is a feature OF par
ticular interest, in view OF tho enormous
production of pig-iron early In the year,
and apparently reflects the going intd
consumption OF most % this immense
production. leaving stocks generally
within controllable limits.
An encouraging export demand for our
cereals, great steadiness I'm prices, tho
largest recorded midsummer bank clear
ngs, and fairly encouraging railroad
earnings. Notwithstanding the unwilling
ness of farmers To accept present cereal
values. are additional encouraging fea-
lures Of trade at the present time.
PRICES TENDING UPWARD.
Prices are quito generally firmer. tending
upward, i'm spite Of the midsummer quiet
ness in many lines OF trade. As a result
Of operations IN July, %. or about once
third OF all staples, advanced I'm value, ~
declined while AZ remained steady or uns
changed. Advances in many cereals exc
cept wheat and -four. live beeves and hogs
number OF provisions, daily products
and groceries, most raw textiles except
cotton, petroleum, rubber, alcohol, opium,
| and qunine are features OF the month'3
operations. Important decreases. aside
from that I'm wheat, are found In SONG
few makes of iron and steel. some othed
metals, and building lumber. Compares
with August one year ago, Sc OUT OF i0<
staples are higher, % are lower. and . are
unchanged; so that It may be said thag
| compared with q year ago there have
been more than two advances for everS
decline reported.
Wheat shipments for the week 0our inc
Guided as wheaO aggregated 4,lll.3lf
| bushels, as against 2,21i,,,-, last week.
and compared With 33OS,fT I'm this week u
| year ago, 2,7l7S50 i'm the corresponding
week of 1896, 1,550,5G2 In 1895, and 3,ll7,2Oj
| in 1894. Since July lst this year the ex-
ports Of wheat aggregate H,326,l22 bushels.
| against 1l,65502i bushels last year.
Corn exports for the week aggregate b.
| S56,923 bushels as against 2.60i 81 bushels
| last week, 3,223,SS5 bushels in 1897. 1251it
| In 1896, 1,0O6,770 I'm 1895. and 22610O in 1894.
| Since July ist this year tho exports OF
corn aggregate 13.5l4,392 bushels, against
Y, 46l Dos last year.
Business failures I'm the United States
are at a minimum, number ls9, identically
the same number as those OF last week.
| but compared with 2li In this week year
ago, 1863 I'm 1896, 200 in 1895, and 1871 in 1894.
Canadian failures number %. as against 3f
last week, II I'm this week year ago, 81
In 1896 81 in 1885, and 40 In 1894.