Daily press. [volume] (Newport News, Va.) 1896-current, 1898-04-30
WEEKLY REVIEW OF TRxbE,
Tho Effect OF Hostilities on Business
~ - Conditions. - Z


NEW YORK, April 2e.-R. G. Dun
& Co.'S weekly review OF trade will saw
tomorrow:
"Hostilities have not as yet changed
last weeks conditions. There is much
do not know what they are waiting
for, and much restriction of loans BY
banks which are abundantly strong
All this checks new business and yet
the volume of transactions through
clearing houses is 8 per cent. larger
than in the same week Of 1892, with no
foreign trouble.
Many have been asserting. about
every day for the past two weeks, that
the wheat speculation has eliminated
but the price has In that time ad-
vanced q IL cents within the past
week. Receipts 2,746,5eO bushels at the
west this week against 1.552.3T5 a year
ago. and averaging 100000 bushels per
week for January, February and
March show no exhaustion OF supplies,
while exports amounting to 1904, 675
bushels from Atlantic ports, against
cific ports against 1854 last year,
flour included in all cases, make ex-
ports for the four weeks IL, 76S from
Atlantic and 2.sso.o2O from Pacific
ports. and for the crop year thus far
1S0.661,67s bushels against 127 ,15s.64s
of last year.
Corn exports for the week were g.
7S.2SO bushels against 3.O29,O46 last
year and for four weeks have been
12.266.6S1 bushels against 13,25O,207 last
year. This makes about Isl 1000, 900
foreign demand for both grains has
ever been known. and it does not seem
to be satiated at all as yet.
Confusing accounts about the great
industries cannot cause q. surprise in
view of the contradictory influence OF
monetary stringency. curtailing many
orders, heavy orders bv the govern
ment in many branches. and all per-
Ead!ng confidence that after Temporal
ry conditions have passed business is
going to be better.
The consumption Of iron is still the
greatest ever known, though many
structural and car contracts have been
deferred
The cotton manufacture has been
helped by some government contracts
and q little better outside demand and
the temporary advance in raw cotton
Is 6.44 cents, though the price has since
declined again t. 6.37. Supplies have
been larger In some previous years
than are now, and YET are enormous,
anu the demand for goods is still him
dered by the great stocks in sight or
reported. Wooden manufacturers are
orders helping some works. while 9th
Ell demands are more encouraging.
Failures for the week have been 262
IN the United states against 237 last
Year, and l6 in Canada against 40 last
year"
BRADsTREETs
NEW YORK, April 29.-Bradstrcet's
tomorrow will say:
Inc lack of eXcitment, nervousness
or interruption to the ordinary orderly
conduct of public affairs, and particu-
larly business operations. with which
tnls country has passed from peace to
war, seems likely to become historical
When contrasted with the records
OF the extent of business move
aents at periods in the country's his
tory When war was the final result; of
stralned relations, the temper with
when the country has recognized the
outbreak of hostilities with a foreign
power is not only proof that the dull
ness and depression of the past six
weeks nave largely discounted the eff
fects usually witnessed. but furnishes
valuable index to the general point
OF view taken by the business commu-
nifty as to the outcome of the nendine
war. Little or no effect upon general
trade distribution OF an unfavorable
character is perceptible in the renorts
of the past week.
Perhaps the most notable, because
the most uniform, feature has been
the unanimity with which the nuota
tions OF leading staples have been
marked up. The advances, too, have
not been confined to food products. but
include many widely differing articles.
alike OF home and foreign growth.
The demand for steel plates for
vessels to replace those taken by the
government Is also feature OF inter-
est. and the outlook is for activity in
the shipbuilding Industry for some
| time to come.
"A feature Of Importance is the i'm
mense demand and rather inadequate
supply OF freight room in vessels sail
ing from this country in the near fu-
| lure. Rates have again advanced and
shipments from several ports are re-
ported crippled. not only by the ad-
vance of the quotations. but BY the
| absolute scarcity in some cases of aeu-
tral bottoms to carry freight In
me crop situation generally is Of a
most gratifying kind. Undoubtedly
the favorable reports have been a
| stimulating feature throughout most
sections OF the country. and taken in
conjunction with the advance in cereal
products. have tended very largely t.
olset any possible ill-effects growing
out OF the present situation.
| Cereal exports show a considerable
increase. wheat shipments from this.
| country and Canada aggregaij 1 =
i6o99S bushels against 323o, 0On hus..i-
last week. 1.l55.0O0 bushels in the cor
responding week a year ago. 1850. Oo1
bushels in 1896 and 1855 900 In 1898.
Corn exports are also larger, aggre-
eating 1881 900 bushels against $3.50.
600 bushels last week. 1857 900 bushels
IN the week a year ago. 2.142 900 bush
els IN 1896, 100000 bushels in 1895 and
$4,000 bushels III 1894
business failures in the United
l
gain Of q over last weeks total and
comparing with pa in the correspond
ing week of 1897, 254 in 1896 and EOS In
MR.. GLADsToN1E,s CONDITION.
fEv Telegraph)
HAWAiRDEN. April 2s.-Mr. Glad
stone did not sleep very we'll during
the day and suffered pain occasionally
POSSIBLE ESTIMATE OF LOGAN
CKansas City Starr
Governor Tanner. who declines tic
commission John A. Logan. Jr.. as "a
a man who can't run. a. 11orsa show ic