Daily press. [volume] (Newport News, Va.) 1896-current, 1898-05-07
llIfltE Or TRADE
illc';fory at Manila Stimulates
Business.
AS A GOOD DAYS WORE
Assnerican- Industries on Strong Fo citing
Textile and Steel Factories Rum
ming Us Usual. Confidence
AIultipIies.
(By Telesranh

4 ssSSSSs. weekly trade review will saw:
ss ~ "a staSeSo WAT was so greatly dread
SOY Those who have seen nothing like
I dor more than thirty years that it's
.3OHlnS mas hurt less than its anpra
aaezlSron Especially since the victory at
\ W aa11lsl indicating the superiority OF the
sI cons that the war Will not last long
mas influenced all markets and stocks
staaFe advanced, the average of prices
ssEors railways 500 per share. One davis
ssNnTk Dy the officers and men at Ma
gaaiH having meant gnany DAYS worl,
Sso thousands of people at home Of
ssasValem they knew nothing, and mas
.nelDed an American industries, placing
4 1eiesn on stronger footing for any con-
Ssceiva}ble future
50 The fact that gold is now used al
& most exclusively between THE treasury
v and the clearing house indicates am
sas1fIre Freedom from apprehension
ssSSsa;ne most essential OF all changes, and
aShes lost practically important. mas
sa0een the rise in wheat IS 1-2 cents for
ashe week. throwing into the shade all
past advances and all expectations
enough reaction OF J 1-2 cents naturally
foafcwed on Friday.
s.s AVestern receipts, after averaging less
shan 100000 bushels ger week for
z6olir months, have suddenly risen to
more than 3,500,00O bushels Exports
SHaaVe NOT been checked by higher prices
B as yet, but have caused them, amount
\ flour included, against 1893 1877 bushels
ss1Tom Atlantic ports last year and $780,
fSSAS bushels against 995O8 from Pacific
ports. Corn failed TO advance cores
! pond1ng1y, Though exports 1900, 600
against $50. 450. 900 last year, the aggre-
gate since July arst having been rs
600.
~: !ndlst1le have received a wonderful
Stainnlus from the conviction that hos
sEatfttes VIA not last long. and from
&Neavy government orders Besides
great demand for steel plates and other
!. 1Eon products, and annmunit ion, the
/ government has ordered 2,50O, 900 yards
wooden cloths. 125.0G0 blankets, 5000
4 WV yards cotton goods and great guam
= Titles OF provisions and other supplies.
meanwhile reviving confidence has m11f.
Y taplded other demands.
iextIle establishments have been re-
y ceaving larger orders within the mast
lew days, outside those from the gov
Y eminent, so that the stoppage of re-
I; auction OF time in four WOODEN ,nj1lc
n carry In fal1e week may have been pre-
\ mature. Print cloths have again made
Il 9 new low record. 1874 cents. bur n met :
ser market IL seen for other cotton pro-
i ducts. 1870" P'o-
Failures for the week aave 1,aa, oas
z. IN the United States against 2o1 Ma !. :
Il year and Is in Canada against 36O ID, 9 ;
year. wv Ae-'t
VI BRADsTREET's. "
W. VIEW YORK. May 6.-Bra dstreet.s
I foTnor1'ow win say: -
4 Evidences accumulate that +ha .,,,,,-
+ mss finally been turned In tha nrads
1 s1tnatlon and the circumptances ,alhich
\ aiaVe hitherto been regarded as fIsnuJat.
10 siave begun to be regarded in u
go, s sa l. more reasonable light A new
\; sense OF national strength and enarev
seems unquestionnbly to have deye1nn,
- ~ slHce The news Of the American Viz.
i Icy az Manila and the business rom
lllunlty generally. with few exce1.xi ions
s&, ,n,s,.11 appear 10 have come to the CON.
L present war have been alreo1v ,,an
8s1iscounted 49, wei!
Among the more favora BILE fa,rrras
s ~, rue week have been the easier TOM
g n eile money market and "A little an,pra
" disposition ON the part of The fin,,nria,
i institutes to accommodate. demands
5. announcer have been the recoeniri,,n az
LII ie StttaSfal position OF wheat supplies
u \ ~ ine towering or the suspension en-
:aatrely OF duties on import wheat from
a,n,a p1 sEa states notably. Italy. France
4 and Spain. and advances in nrjc- IN
proportiUn -
is# VI considerable Importance in th<. di-
{ Cection Of act ually stimulating business
y an some lines are the large orders re-
4 celved for MILITARY use, notably in rho
4 Zines of cotton and woo:en goods shnas
y pro1ect1ies and ammu1: ttion OF yarlous
4 sorts or course. 1t would be useless to
+ aeny that there are some unfavora BILE
q aestures. nora bly, in the cotton and
& wooden industry. In THE former print
cloths have again struck the lowest
price on record with a quotation Of
\ o-l6 for standard grades and the
]; wooden manufacturing industry Is as q
: whole reported quite depressed In
contrast with these reports. chiefly
coming from the eastern and middle.
state cities are the sales Of consid ora BILE
quantity Of raw wool. said to be for the
4 manufacture of goods ordered for the
government. The wheat exports for
u the week reflects the temporary check
E. to demand caused by sudden advances
& IN price and show a falling off, aggre-
eating 2,478,7 bushels, against 4.449, goo
aast week, i.799. 900 in This week a yea1'
ago, 1,8S2.000 in 1896, and $685. 900 in
!: 1895. Corn exports are larger this week
chan for that of any year past. $751;
600 against 1916. 900 bushels last week.
3.I27,000 in this week year ago, 1884,
600 in 1896. and $4,000 in 1895.
Business failures are slightly smaller
this week. aggregaiting for the United
STATES 240 against 245 last week, 22S
In this week a year ago. 267 in 1896 and
&24 in 1895.
ANOTHER WAR MEASURE.