The times. [volume] (Richmond, Va.) 1890-1903, 1898-09-24
TRADE
DEVELOP ENTS.
fhe Tone Of Wheat and Flour IS
Much Improved.
BETTER FOREIGN BUYING CAUSE,
Adyiccs from the West aud Northwest
All Enlarged Volume OF
Shipments of Cercals-Pig Iron
Export Continues Heavy.

NEW YORK. Sept. 23.-Bradstreets to-
morrow will say.
Favorable trade developments manifest
themselves chiefly along the lines pre-
viously noted. The importance OF a large
export demand 10 the country domestic
Interests ls brlghted by the improved
tone ln wheat and -four this week grow
ug cut OK the better foreign buying in-
duced by Jess favorable Russian crop
reports smaller shipments from that
country and apparently continued care
fll selling by American producers.
Raw cotton, on the other hand. reflects
probabilities Of continued plentiful sup
plies and rather slow demand 80 quota
lions. lower than the lowest point reach
ed in the year OF depression 1924. when
q large yield was coincident with poor
trade. industrial! troubles and tsht
money.
WESTERN ADVICEs CHEERFUL.
From the West and northwest advices
continue largely IN the former cheerful
strain. Some relaxation I'm activity IS
noticed I'm some lines. but the volume OF
trade as O. whole is evidently equal 70
any previous record. At the South low
priced cotton and yellow fever quaran-
tines affect trade adversely Improvement
in one section being counterbalance0 by
less favorable advlces from others Fa-
vorable conditions on the Pacific coast
are most numerously reported IN the
State OF Oregon and Washington.
Conservative MANAGEMENT earlier In
the year. however. has resulted I'm fairly
good conditions IN California where crops
were Jess favorable than further north
and failures are down TO a minimum.
REPORTS FROM THE EAST.
At the East the least favorable reports
continue 10 come from the textile indus
tries Wool IS quiet and manufacturers
are not encouraged % buy heavily in
view OF the very moderate trade ln WOOL
len goods. Cotton goods are in better dis
trlbutIon. bat prices betray the unset
Ting Influences ~ low prices for the ma
ter.al and print cloths are slightly weak
er. Activity 90 iron and steel manuiac-
ture continues undated and similar con-
ditl0ns are reported abroad. Talk OF fur
Their moderate advances Do price has in'
creased. particularly 90 this country to-
day generally speaking. is the cheapest
market FOR iron and steel 60 the world
The export trade in pig iron from South
ern points continues very heavy, and am
other advance OF % cents SIS reported by
some large Southern concerns.
DEMAND FOR CEREALS.
Improved foreign demand for American
cereals is shown in the enlarged volume
~ shipments this week. Wheat including
four shipments aggregate 4eole53 hush-
els. against 3C5.-u bushels last week.
Sos e2j bushels in the corresponding week
0f 1s91 393J46G bushels in 1896. 3.15l.g0i
bushels in 1895 and 25f25o0 bushels in
1894 Since July ist This year. exports az
wheat aggregate H160W bushels against
50el0 -25 bushels last year.
Corn exports for The week were 2G-i.200
bushels. as against 23GOo5 bushels last
week. fC21g bushels in this week one
year ago. 2Ci0497 bushels in 1885, 1850 eZ5
bushels in 1895 ana l0io0) bushels in 1894
Since July 1st this year corn exports age
greeate 33.3G51GJ bushels against 2sa3.9sl
bushels during the same period of 1897
business failures for the week were ls2
IN tho United states. against 1l5 last week
ana compared with l31 n this week n
year ago. 81 ln 1,aj. la in $780, and 900
in 1870.
business failures in the Dominion OF
Canada number 80 against Cd last week,
70 600 this week one year ago. and 81 in
1896