Tazewell Republican. [volume] (Tazewell, Va.) 1892-1919, 1898-01-27
Exports Of Products Continue SurpriS-
in6Iy Heavy Despite Raise in Price.
TREASURY RECEIPTS GROW.
Were Larger In Twenty Days of January
Than in Entire Month of October
Smallest Number of Failures Ever
Known.

New York, Jan. 21.-R. G. Dun & Com
pany's weekly review Of trade says:
With voIume-of business remarkable
for the time of year, So per cent. larger
than year ago and 1914 per cent larger
than in 1892 in payments TIN ough clearing
houses, it is discouraging that one or two
industries are tagging. The demand for
most goods is more heavy for the season,
manufacturing works are better employed
and orders booked and prospects for the
future are more encouraging than at this
season in any other year of which equally
definite records exist. Exports of products
continue surprisingly heavy, in spite of
some rise in prices. Treasury receipts
from customs were larger in twenty days of
January than in the entire month of Octo-
Der Or Of November, and apprehension re-
gardiug the monetary future is no longer
felt outside ofspeculatiye circles.
Failures are considerably smaller than
were ever known at this season, both man.
ufacturing and trading less than half last
years. Railroad earnings in January thus
far reported have been 176 percent. larger
than last year, and 1913 per cent. larger
than in 1892
The rise Of wheat above q dollar in reg
ular sales was not accompanied by signs Of
speculative excitement. In fact, The contin-
uance Of extraordinary exports, 2,945, 705
bushels, flour included, for the week from
Atlantic ports, against ,573 ,2l5 last year,
aud for three weeks 5000 ,493 bushels,
against $3.50, 532 last year, besides 1885,
$40 from Pacific ports for three weeks,
would give excuse for high prices, even if
the corn exports were not enough to sug-
gest great foreign need, amounting to o.
go S9 bushels, against 10,774,293 for
three weeks. The fact that cargoes of corn
we're shipped during the week both to
Egypt and Russia, the very country upon
which Europe most relies for breadstulis
next to the Uuited States, affected trade
not unreasonably.
Just when unprecedented production Of
pig iron was causing weakness, extraordi-
nary demand for finished products ap-
pears. For this season, at least, the gen.
eral demand is beyond precedent, including
10000 tons steel rails for the week and
200 O0 already this year, orders for
plates so large that Pittsburg works send
away some to other concerns, unable to fill
all they receive, orders for bar such that
many concerns are obliged to refuse more,
an excellent demand for sheets, and fair
for structural forms.
Nor does this demand spring from eff
forts to combine makers of wire and its
products, and makers of tin plates. Prices
Of all finished products are sustained by the
demand, though Bessemer pig is > cents
lower at Pittsburg, but pig at Chicago is
strong with some production of finished
forms delayed by their scarcity.
The great strike of operatives in cotton
mills in New England seems as convenient
to mill owners with their heavy stocks I'M
sold as if they had ordered it. Probably
it will last long enough TO work off stocks,
and the printcoth market is already about
per cent stronger, while slight advance
is noted in some other cotton goods. With
very stagnant markets for wool, sales
amounting to only 1896, 200 pounds at the
three chief cities, which reported over 49,
600 900 in one week of September, and
GG,500090 in four weeks, the inquiry for
round lots is mainly for three eighths and
a quarter blood. suitable for cheviots, but
have resulted in little dealing.
The mills have taken satisfactory orders
for such goods, probably notwithout know
ing where they could get the wool, and the
goods movement is distinctively encour-
aging, though quotations Of the higher
priced heavy-weights are still deferred.
But very large business for the coming
season is already assured, according to re-
Liable accounts entitled to confidence.
Failures for the week have been 374 in
the United States, against 400 last year,
and 63 in Canada, against 65 last year.
BRADsrREEr's WEEKLY REPORT.
Bradstreet's says: a large measure of
activity in business and industrial lines,
with, in some instances, previous records
surpassed and very general steadiness in
prices in staples, is, perhaps, the most
notable feature of the trade situation this