Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-03-19
SITUATION.
FAVORABLE FEATURES CoNTIxrr
~ ALL QUARTERS.
VAR RUHORS WITHOUT MUCH EFFECT
They Have Not Changed the Onward
Current of Business-Backbone Of
situation the Excess of Merchnn-
disc Exports.
disc Exports.

NEW YORK, March 1S-Bradstreet's
tomorrow will say: Ths aggregate vol
nm. OF the Country's business continues
Sufficiently large TO allow of favorable
comparisons with past periods. alike in
tbs and in preceding years. Aside from
. a.ia,ing in demand at a few leading
eastern markets, where uncertainty as 10
the outcome OF foreign complications is
..gar.ed as a reason for unwiIingness
90 embark in new business, the situation
one possessing nearly all of the favor
able feature noted for some time past.
The best reports as 20 distribution in
...".ng lines come from the central West
and the Northwest. Favorable weather
has improved the distribution of dry
goods, clothing, millinery, building mate
a.s, agricultural implements, and near
. all other products forming staple ar
a...s Of consumption among a prosperous
farming community. The movement of
jon and steel is especially large, but
without effect on prices, which are gene
g..y very firm. Some slight advances in
rg-.ron, in fact, have been a feature OF
..g week at some markets. Southern
iron manufacturers are active, and fruit
and vegetable shipments promise alike TO
D.. carly and heavy.
Listributive trade Is reported increasing
O.. the Northwest; navigation is practi-
Ua.'y open on the Lakes, n the LIST Of
April will witness a general movement OF
craft. The other favorable features of
the country's general trade situation are
summed up in liberal shipments of lead
.r- cereals, unprecedented totals of ex-
ports at New York. fewer business fail
gras, and slightly larger aux Clearings.
Prices have moved irregularly during
the week. The position of print-cloths is
a very depressed one, prices during the
past week reaching the lAwest quotation
no record. While lOw-grade cottons have
.a-u weak. the medium and finer grades
have. however. maintained prices, as have
also coffee, sugar, mOlasses, iron, copper, |
raw wool.
Wheat exports are smaller than last
week. but considerably larger than in cor
-asponding periods of preceding years,
.~EgreEatiug 3.6Zl5A bushels. against i,4Si-
20 bushels last week, 1,629.C0D bushels last
year. $4,000 bushels in 1886, and 2.9gSC0)
u 1895. Corn exports exceeded those Of
last week. aggregating 3.glS.OJ0 bushels,
-aiust &.2s5.O1) bushels i'm the preceding
week. $4,000 bushels last year, 100000
rsleIs in 1896, and $4,000 bushels in 1886.
Business failures i'm the United States
D. g. week numbered 233. as against 247 last
week. 81 i'm the corresponding week Of
.y-. 300 I'm 1886. and 2j2 i'm 1895.
Business failures i'm the Dominion of
Canada numbered q. against 81 last week,
.u the week of 1884, 20 in 1896 n 1895.
-rl a i'm 1894.
BUSINESS COURSE ONWARD.
Wassrs. r. G. Dun & CO.'S Weekly Re-
view Of Trade tomorrow will say:
Neither peace nor war reports have
hanged the onward current of business.
riders for more thar 2j,5O0,OOJ gold from
Europe have blocked any drift towards
u-ancy i'm rates for money, and Urea
.rr receipts Of $l.CJJ,OOO per day have
pc I'm check any question about the
.-raucy. while exports Of products have
utuued at a rate considerably in
-.I. and the demand for products
4 the great industries shows steady eX-
ION. Prompt action by the Senate
1914" House has removed all fear of m
arrIssmeut through conflicting purposes
n Washington. The government Is
3D. King ready, without any waste or
.u.. while frankly assuring everybody
hat 10 looks for q peaceful settlement.
.. hopes that its preparations may
-.ra unnecessary.
Tua backbone Of the situation IS the
excess of merchandise eXDorts-mOTe
han 100000 I'm February, with an in
Tease Of S2.2C0,0 600 in miscellaneous pro-
$4,000 in provisions. $i,50O,OOO IN
.r..n. and 81 900. 900 in breadstufts, COM
.r.l with last year. and $l5. 0 1000 i'm all
r..l.ts. in two weeks Of March the
have been 16 per cent. larger than I
H- year. and the imports have gained !
g' So per cent, although especially
H....i boy receipts OF India rubber, SUI {
p and hides.
.n. 0utgO Of cotton ]surpasses all eX- I
..'.ous. though the price was stronger /
week. and the export demand ap- !
..nf.y paid no attention TO market
..rat0us. Receipts from plantations y
.nua much greater han at the cor I
bonding date from the largest crop /
.Ifure produced. so that guesses
.u. the future crop are now the main Il
.a. of spectators.
Wheat also moved I'm spite Of all specu-
..H. Atlantic exports 0iour included n
# been I.S2iJG9 bushels. against l.S3'- C
last year. and from Pacific ports
80 bushels, against 26S sos last year,
a.rg for three weeks from both
.s ln.G5g.125 bushels. against 4,53S.4h r
10 year. The price has varied with con- n
ting reports. but closed II higher Tor :,
. week. -
Wool shows no change i'm quotations, \
.-a eastern markets are extremely +,
H.. and the Indifference Of manutac- =,
.s has made transactions only Z,O0z,- n
pounds, against 1881, 800 for the cor r
.Inaiug week last year, and J'OSS,-W Il
'ae corresponding week in 1882. Ihe 10
moon market IS rather higher, ana
..ls in the interior are expecting a
MAI advance in prices.
..|e Encouragement appears in the .,
.h.i for cotton goods, with PRINT -,
..H "a sixteenth lower than a week .,
h and standard grades undersold by ~
"F OF less note. The demand is large, 49,
. not large enough. In woOllen goods q,
..a contrary. the material advance IN 49,
.s mas raised the only obstacle 10 =,
'.ascd transactions. and somewhat -
ftent cancellations indicate that deal ,h
nave been disappointed in their dis q,
,-u'n. The small yielding in wool
result In "A greater decline, If this
"'Icy IN the manufacture continues.
IRON STRONGER. J
.scmer pig and Grey forge are both =,
Ayiy stronger al Pittsburg. the pro- oo
.i combination Of Valley furnaces :"
ping but pig Is not changed In price o.
"Aere, nor are finished products at WI
POINT, excepting wire-nails. when ~