Daily press. [volume] (Newport News, Va.) 1896-current, 1898-04-02
CONDITION CO |''l' or TRADE
Quieter Business and Smaller
Distribution.
LIGHTER WHEAT EXPORTS
Failures for tha Week Ia the Unit cd Stat S
and Cnnntin. Advance In the Rites
for Money. Spccuint ors Com
PEELED to E.iTuldntc.
By TelSEraph.l

tomorrow Will say:
"a week of rather quietcr general
ulslde and of smaller distribution. due
TO easily cXDlatnable CAUSES closes q
quarter which has been eminertly sat
iSfao;ory 10 nearly AID branches of
trade and productive of unprecedented
business in many favored Zines The
heavy foreign demand fur our products.
particularly agricultural staples. and
The active domestic movement in most
lines are evidenced by THE heavily in
creased bank clcar-nEs reported for
the quarter, anu the effect on the com
mercial mortality is favorslbly reflected
in total. for the ir9; three months OF
1898. az failures and liabilities involved
smaller tNran In the corresponding pc
Rod OF four years past. Current de-
mnnd and distribution at the I2r.t have
been nterfcrcd with by the uncertain
ties growing ont ri the unsettled for
cign relations.
Little or no Improvement is found i'll
tllc coarse cotton goods trslde. and print
cloths have marked low record IN
quotations Of . 1-l6 for regular goods.
nihc ami hTucitc coal tElde is suffering
from the usual spring complaint, bus
Ines: is inactive and PRICES are weak.
There is u rather more quiet condition
KS regards new demand for iron ard
Steel al T,Est markets, and some shad-
ing iii quotations is claimed but the
business doing is on an immense scale
Good weather Elit The South favOl.s am
early planting EtStson, but business
bised upon THIS has not been OF such
'"uine as ~ make up for the quiet
'9iS IN demand noted az a number of
c~l:t cft!es and N: river p,;nts v,b,
ai!Sn waiter is Emitting business, la como
eNttht. INrort trade ~; New orl,uns
- reported checked by Increased frsrh +
nr,.an, ,n'iee raves, growing out Of the
p ..tS, unsettled foreign Relations ~
The price situation, on Tho ,w,,,..i,. =.
u ..i cncpura Sins this week. ,>,t. r
n,,','i 1o%iS ana hides being Mr., -,
af!,hi among The decreases p r,ioS''
,,o,nnn "a'i'e meat. corn, lard. corr,
luton and sugar are a,i,-h..r .pi. ~.
.sl OF staples unchanged in nrI, ,u .lie
a.,ms uhc most numerous Ne up
ioHP"rtS OF wheat, Hour inr,,,I.,
s,,., ,,., man Tor some weeks past M,
I,..i.,.i. ElfEer than in CORES po,u,in, :.
,csn ~, vi previous years, aggr,rr,tins,
'','2o66i bushels, aguinst SUD 3no 1,.i',.s
US idst week. 2,i6i,atE bushels in ~.
1.ec 81 last year, 1,693927 bush,,ls -,
No.. 1v S;s'z.9Sa bushels in 1895 aud 2.77S 15o
t.hs. ',,1 ~ ie'i. Corn exports are on
weeks lsiSt aSgreGating 35D7 7DD ,h,sbni'.
.nS'r!nSt i,i?G, 257 bushels lasl week :.
1850 bushels Hast yctlr and . ,oa ooo
bushels i'll 1896 -'i'''''o
~ ,ralinres recorded. MS above imllpa :
~, pe1F Witness to the ssrlisructnry
CONDITIONS ruling In cymncrci,I lin,s
WIS year IN II total for the uuart,r - ,
o.'lo ADVERTISEMENTS, Involving Iio
t'ts oil $36, 1851 600, a decrease I'm n,lnvh,c.
fr o!', year. ago OF IL per cent. and
uronl TWO years ago VI 90 pcr cnni
while while as regards liabilities there is n
aaMng OFF from last wear OF 30 per ,.,.nt
sllu as compared with 1896 of over ~
percent. l.
iFaiiues In THE Dominion of Cnn,h,
W.! the iirst Quarter OF 1898 number
ol", with liabilities of $3,SOOO0O, u de-
crease OF u per cent in number and
OF ~ per cent. in liabilities from one
Year ago"
NEW YORK. April 1.--R G. Dun a.
Company's weekly review of trade wiIl
say tomorrow:
In spite Of foreign conditions since
the obstruction of the Marine on Febru-
shry TO- Failures In three months Ore
smaller thon in the first Quarter of
any year since 1885, 'uhe l1liio OF de-
iaiiIted liabilities to payments through
Clearing houses has been the smallcs,
nor mat quarter since 1881; tile average.
ol i1HDihties Per firm in business has
been THE smallest since 1880, anu the
average Of liabilities per failure hai. been
lower than ever before in any quarter
1t is especially significant HlElt the f;i.l-
ures for less Than 100000 without ma
tcr.ll decrease iii number, We're % per
cent. smaller IN trailing.
''Nhc war cloud. width as mia Y have been
Inferred must have greatly Increased
commercial disasters, does not apepar
ITO have any such effect AS yet. Rates
for money have advanced and the six
Ib.r cent, which used to be the ruling
rate IN active times again prevails
which compels MANY spectators to III
Inidate hsut the imports of gold go
lar to prevent amy real anxiety. More
over. although part OF the hypvthccu-
ted exchange on Europe has been sold
ind ordered against IT, there is known
to be about $40, 100000 more yet in thc
banks at New York and $l2500. 900 in
other cities, against which gold il liable
To be imported because uherc is small
prospect Of any better settlement.
THE outSo OF ibrcNhStuffs continues,
At!aItic exports being 2.5l6, 30 bushels.
flour included. for the week. against
2.lS5.3IS last year. and Pacific exports
5i2.liI bushels asseiiIlsSt S.201 last year
and for the past five weeks from both
coasts and Canada the exports have
been 1G,592,3I7 bushels against S.22G. 25G
last year Meanwhile corn exports
have been for the week 3,167 029 bushels
against 1921 ,62l last year. All the Spe-
culativc movements nv the West have
been le.s influential titan this heavy
and continued buying OG grain. and
western receipts begin to fall off as If
supplies were no longer unlimited
Wheat has declined slightly but corn
has advanced one quarter OF cent FOL
the week, and no one ilnaglncs tllpt
foreign troubles can check the outsO.
Cotton has advanced IAN eigfNuh because
Of the idea that production may he re-
duct-d. although receipts from Ifant:i-
lions thus far have been greater BY
about 100. 900 Lalt-s than in 1895 from the
largest crop ever raised. and while the
mills are now nearly all active the CON
sumption does nov exceed the max
iInum.
The iron ana steel market shows no
decrease
Failures for the week have been go
in the United states, against go LAST,
year, and - in Canada against ~ last
year"
NEW YO{ck COTTON MAittlJr
NEW YORK, Ap:jf l.-C"tttn fu-
lures CLOSED quiet and steady; Sil5s