The times. [volume] (Richmond, Va.) 1890-1903, 1898-03-19
BUSINESS IS
STILL GROWING.
The War Scare Does Not Stop the
Current.
CONGRESS- UNITY REASSURlNG
To Those who Feared Embarrassment
Through Conflicting Purposes-Ex-
cess Of Merchandise Exports
Heavy Outgo OF Cotton.
CONGRESS- UNITY REASSURING

NEW YORK. March 1s.-R. G. Dun &
Company's Weekly Review Of Trade. to-
morrow will say:
Neither peace nor war reports have
changed the onward. current Of business.
orders for more than So 10000 gold from
Europe have blocked any drift towards
stringency in rates FOR money and treas
ury receipts OF 100000 per day have kept
in check any question about the currency
while exports OF products have continued
al a rate considerably increased and the
demand Tor products OF the great indus
trIes shows steddy expansion.
Prompt acuon by the ssnaie and House
has removed al lear OF embarrassment
through CONNECTING purposes al Wash
ington. Inc government as making ready
wi1hout any waste OF tmo wnne iianAiy
assuring every body that II LOOKS tor
peaceful settlement and hopes that It's
preparations may prove unnecessary.
ENCESS or EXPORTS.
The backbone OF The situation is the
excess OF merchandise exports more than
100000 in February with an increase OF
S2.zDUCD in miscellaneous products, e.
10000 in provisions H50,0O In cotton
and 100000 in breadstuffs compared with
last year and Sl5,lO00o0 in all products.
In two weeks OF March. exports have
been sixteen per cent larger than last
year and imports have gained but 81 per
cent although especially sweiled by re-
ceip;s OF India rubber, sugar and hides.
ne outgo OF cotton surpasses all ex-
pectsiions, though the price was stronger
last week and the export demand appar-
entity paid no attention 20 market hue
tuadons Receipts from plantations con-
tinue much greater than at the cores
ponding date from the largest crop mere
tofore produced. so that guesses about
the future crop are now the main reh'
ancc Of sueculators.
Wheat also moved In spite Of all specu-
Istions. Atlantic exports. flour included
have been 1S2ij69 bushels against l25S.SJO
last year and from Pacific ports 1,3d SO
bushels against 2sS sos last year, making
for three weeks from both coasts TO-
c5e.f25 bushels against 1888 AL last year
The price has varied with conflicting re-
ports. but closed Ia higher for the week
Wool shows no change In quotations,
though Eastern markets are extremely
dull. and the indifference Of manufactur-
ers has made transactions only 2O62.SOO
pounds against 1881 800 for the cores
pondng week last year. and 5,OSS 200 for
the corresponding week in 1892.
LONDON MARKET.
The London market is rather higher
and holders in the interior are expecting
a material advance in prices.
Little encouragement appears in the
market for cotton goods, with print
cloths a sixteenth lower than a week
ago. and standard grades undersold by
many of less note. The demand is large
but not large enough. In woollen goods,
on the contrary. the material advance in
prices has raised the only obstacle TO in
creased transactions and somewhat fire.
quent cancellations Indicate that dealers
have been disappointed in their distribu-
lion. The small yielding In wool may
result in greater decline If this ten
dency in the manufacture continues.
Bcssemer pig and Grey forge are both
slightly stronger at Pittsburg. the pro-
posed combination Of valley furnace help
ing, but pig is not changed in price else
where. nor are finished products at any
point excepting wire nails which are
FIVE cents per keg weaker, and steel rails
which are said 10 be sold at $3.50 at the
East by some Establishments.
Contracts have been made for 10000 tons
with Eastern works for domestic deliv-
cry. 1900 tons for Australia, 5000 tons
with 1000 bridge work for South africa
and the Illinois steel Company, IS filed
with orders for the year. The Carnegie
Company has sold 5000 tons deck plates
10 ship builders OF England. and several
Chicago orders for plates exceeding 1000
tons each are for railroads. car and agri-
cultural implement manufacturers and
projectile works The wire combination
having failed to effect the broader ar
rangement contemplated is seeking to
complete control of about so per cent. Of
e
activity is great in the central and west
ern region. there is less demand at the
east.
Failures for the week have been POS in
the United States against 2lS last year
and p in Canada against 80 last year.
Bradstreet's.
NEW YORK. March 1s.-Bradstreet's
tomorrow will say:
The aggregate volume Of the country's
business continues sufficiently large 10
allow OF favorable comparisons with past
periods alike in this and in preceding
years. Aside from a quoting in demand
AT few leading eastern markets, where
uncertainty as to he outcome of foreign
complications Is advanced as a reason
for unwillingness to embark I'm new busi-
ness the situation is one possessing nearly
ali Of the favorable features noted for
some time past. The best reports as TO
distribution ia leading lines come from
the Cen raj West and the Northwest
Favorable weather has improved dis
tribution Of dry goods. clothing. MILF
merry, building materials. agricultural i'm
plements and nearly all other products
Joining staple articles OF consumption
among the prosperous farming commu-
my.
The movement OF iron and steel is espe-
cialiy large but withou; effect on prices,
which are generally very firm. Some
slight advances IN pig iron. In fact have
hten feature OF tho week at some mar
kets. Southern iron manufacturers are
active. and fruit and Vegetdh'f sh'0ments
promise all e 10 be early and heavy.
'-' DlSTRiBUTIVE TRADE.
Distributive trade is reported increasing
q. the Northwest. navigation is practi--
csily open on the lakes. and the list OF
Apru Will witness a general movement OF
craft. Other favorable fea ures of the
country's general trade situation are
summed up In liberal shipments OF leading
cereals. Unprecedented totals of exports
at New York. fewer business failures and
sigh ly larger bank clearings.
Prices have moved irregularly during
the week. The pos lion Of print cloths
IS q very depressed one, prices during
tion on record. While low grade cot ons
have been weak the med um and finer
grades have, however. maintained prices,
az have also coffee, sugar. mo.asses, iron
and copper and raw wool.
Wheat exports are smaller than last
week but considerably larger han In
corresponding periods Of preceding years,
aggregating SGo5.sSi bushels. against
4 49,. coo bushels last week. / go coo BUSH
els last year. I 592 600 bushels In 1896, and
.. pos COO in 1895.
Corn exports exceeded those OF last
week aggrcgating 3.9lsOOO bushels.
AGAINST 3 2s5O 900 bushels IN the preceding
week, 5,93Dt10 bushels last year, 30, 900