Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-04-23
THE STATE OF TRADE
BUSINESS CONTRACTED ny REASON
OF nAykERs' AUTHORIZATIONS.
ACTIVITY At The SEADOARD.
Prospect of Wmr Hasn't So m"ch
Effect in the IntcriOr-Market LOT
Leading staples shows
Ipvard Tendency.

NEW YORK, April 22.-Messrs. X H'
Nun G. 20 - Weekly Review of Trade to-
morrow will say: The war is no longer
TO be avoided and business Is contracted
by reason OF bankers apprenensio"s'
There is no excuse, except want OF nerve
Clearinghouse prospects are not gloomy
this week being larger than last year. In
no respect can the wheat market be con-
sidered without finding just occasion for
a material advance in price, when mas
been Els for the week. Exports have
been 3li. SO9 bushels from Atlantic ports,
against 1.l9O 1892 last year. and from Pa
cidc coast points .6S6 bushels, against
Sc. 23O last year, making for the three
weeks Of April S,3S9 492 bushels from
Atlantic ports. against 35SS,l7O bushels
last wear. and from Pacific ports 2,5Z9,62S
bushels. against 7l2s7l for the same
weeks last year. The exports of corn
during the same three weeks have been
II .3iO1SS bushels, against l0,22l ,l6l bushels
last year. which is strong evidence that
the demand for wheat is in no sense nc
titious.
The enormous iron production doef not
diminish and the demand for finished
products is heavy. No decrease in prices
appears. and the production continues
practically unchanged, at the hishest
point ever known, although in eastern
markets the output is considered some
what in excess of the supply. Copper Is
stronger. with heavy demand for con-
sumption.
l. ,.aotio,,, tho bea1,v cancellations re-
Gently reported prove to be in large
measure requests for deferred deliveries
hut a better demand has been seen during
In past week I'm some quarters or ac-
count of the large government orders
In cotton goods. the resumption OF Wolk
bv several large mills has increased the
output. and the demand does not appear
to have diminished.
Failures. 2Ol in the United States.
against 2lS last year, and - in Canada,
against u last year.
EFFECT OF WAR.
Bradstreets tomorrow, VIII say
General trade and speculation this week
have exhibited most of the characteristics
which have become popularity associated
with the near approach OF hOstllles
There is a shortening of distributive trade
in some lines in the East owing 10 the
war-like conditions. and there Is lack
Of regularity i'm the conditions reported
from those centres.
There is greatly Increased activity III
many special lines at the seaboard' ac-
comnanied by excited markets and heavy
price advances. While trade I'm the IN
terror sympathizes to a certain extent
with this movement, there is good
trade reported entirely outside OF TINS
which serves TO prove that the prospect
of war has not had nearly as much ei-
rect ON the interior as it has had on the
coast Activity has been manifested III
the leading staples, such AS wheat oats
corn. lard. pork, sugar. etc. ana TINS re-
Election Of activity had its effect III rise
so far as wheat and cotton are con-
cerned. For the first time in many weeks
past the market shows a general upward
tendency.
WAR TAXATION.
Domestic buyers show a desire to pro-
tect themselves against any possible IN
teruption of supplies or the anticipated
Ievving Of taxation TO meet the increased
OUTLAWS for the government.
Careful search among the quotations
for staple products failed to reveal any
important decline in prices. outside OF
fractional marking down Of steel billets
at some markets.
The check to export trade at some
ports. notably in the South, Is reflected
i'm temporarily smaller shipments OF
wheat, corn. and flour The. total snip
ments of wheat flour included. this week,
aggregated 3.223 l05 bushels, against l.
525 3Oi bushels last week. 1,65466S bushels
this week year ago. 1.2s5.CO) bushels in
1896. 2.4Sl. 600 in 1865. and 2,72I0Oo in 1891
Corn exports this week aggregate 36p'V0
Bushels. against $50. 600 bushels last week.
i.769. 900 this week last year, and $4,000 IN
1896.
There were pa failures in the United
States this week, against Zl5 last week,
2l6 this week a year ago, 2iO in 1896 and
223 in 1895. Failures in the Dominion or
Canada number Is. against q last week,
% this week a year age, 81 in 1896, and
80 in 1895.