Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-10-15

BUSINESS NOT FAILING eFF
uuorcu PROFITS ARE SMALL
WHEAT MARKET MORE ACTIVE
corn Advances-co'fon h'wer-w"o'
remarkably D"ii-iron m"n"'"'-
Rcnorts n small Gain-Hcavy
Dnond for ship-Pistes.

WV YORK. october 14-Messrs. r.
-, mn, & CO.'S Weekly Review OF Trade
morrow viii say;
,,.,b actual payments through clearing
.,..ses. 1872 per cent. larger than in the
week OF 1892. II cannot be said that
,...s,,ss IS in any sense falling off, and
many are complaining because the
...,,nt realized as profit is smaller than
- formerly realized in good times.
=. almost every branch Of business,
-, &c now transacted on a narrower
...-rin Of profit than in any other time
o., e,- prosperity. There is a great
..srre. and perhaps a permanent one,
,be percentage of profits derivable
.-,-, trade and manufacture. as well as
49, ,bo Profits obtainable by transporters.
,,-,rrcssive civilization calls for low
- -.nre OF profits and OF prices, as the
..,,-,o Of business transacted increases,
", ,-5er 10 make possible Improvement in
~. condition of the working millions.
WHEAT.
Wheat business is more active, with
--.,ss about cents higher for spot and
u
.,...r. Very heavy purchases have oeen
-,,5s within the past few days, not as
"a. detected in the official record of ship
-,,-s but the exports from both coasts
arr Included. have been 4.10l.77O bushels
.-,inst 4.SS6Ol5 bushels for the same
cock last year. IL is especially interest
,-s that in spite of the general DISPOSE
Ion of farmers 10 hold back their wheat
che western receipts have been for the
v.sk much larger than last year. and fol
.u, weeks 20.790 1875 bushels. against 16.-
80 "a bushels last year. While little at
,eut,on is now paid 20 the official reports
,bsv seem TO foreshadow larger return
fo- the crop than has been made in any
previous year.
The price Of corn has advanced about 2
cents though the receipts are just now
larger than year ago.
COTTON.
The price Of spot cotton is a sixteenth
lower than a week ago, and the January
option has also lost a few points, while
fhare is a weaker market for goods. This
IS partly due 10 the official admission that
the price Of print-cloths now lilo below
cents. cannot be sustained without a
selling agency. which is now proposed.
Although the production of Fail River Is
.1 excess of demand. the difficulty In
ro1intaining prices is probably more
largely due TO the belief that big yield
Of cotton must reduce the price of the
material.
WOOL
While some woollen-mills have started
operations during the week, quite as
many have stopped. Although wool i
about 16 per cent. lower than ii was FEB
r1ary lst the manufacturers are not buy
ing. and the market is remarkably duli
with sales during the past two weeks
& 700 pounds at the three chief MAJ
kets. against q, S3l. 800 last year, l4,535,SO
I'm 1896. and 1898. 800 in 1882.
The general feeling is that the price
the material must decline before the MAJ
ufacturer can much increase his SAFE
orders for goods have been niue De
Ter and n few mills have resumed oper;
lions. but there Is as yet no such demar
ne As necessary to sustain the currei
prices OF wool.
IRON.
The iron manufacture reports sma
Gin in weekly output-2l5.6S5 tons
t.i,et 9l2 oi2 a month ago. and with Il
dsrreqse in the quantity of unsold stoci
on hand outside the great steel con
r7ries the apparent consumption IL
tbs month of September was $3.50 ton
arsirst qs0. sos in August. There are qui
Gs,yv eastern orders for foundry iro
fully supporting prices, and at Chicago u
rr,ces of local iron are strong WIN le
Cisposition TO sell southern pig AT I
duced quotations. The orders for INNS
"a products include a very heavy demai
for plates. especially ship plates; sever
- considerable magnitude for structur
,rorps covering about 1900 tons, al
an unusually heavy demand for bars {
Dcciauv ON account of orders for ca
works. although there has been expect
ton Of a big break in the prices Oh COW ~
lies. In pipes. Pittsburg has been az
Wv rl,ce orders for thirty miles or te
inch pipe and other orders for 100 mil
are practically closed.
TRADE TROUBLES.
The failures for the week were 20
the United states. against 22S last ye'
and q in Canada, againsl 90 ia'' you