Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-01-23

count. already booked, have been In
creased within the week an example OF
this being furnished in sales of 1000 tons
reported from Chicago, at full prices.
Higher prices for wool abroad. based
partly on short-yied reports are reflect
ed In the firmness OF domestic quittance
Although the demand compares well with
most preceding years. IL Is smaller than
II was at THIS time I'm 1897 when the tariff
changes were being anticipated.
| The Industrial situation. with the sim
| gle exception OF the cotton industry, Is
] one OF exceptional strength. AS yet the
strikes In this branch OF trade are large
| ~ confined TO Massachusetts. Men $
wear woolens are moving fairly well.
| AT the West distribution trade is slowly
improving while at the South fair
| January trade Is reported, particularly In
| the Mississippi Valley, Good returns
| from last years Louisiana sugar crop
| find expression in higher prices for sugar
| lands. The good export demand for
| cotton precludes heavy Accommodations
at primary points, in spite of the crop
movement
Mild weather in the Northwest affects
trade 10 some extent. a point of in
terest, however. is the report that fur
goods manufacturers usually shut down
at this season. are running full time on
Alaskan orders Business Is active on the
Pacific coast. California crop prospects
have been improved by the recent rains,
and ship and bodybuilding are very ac-
tive along Puget Sound and at Port
land.
quite a shrinkage in cereal exports is
indicated by reports to Bradstreet's this
week Total shipments Of wheat flour in
cludeO from the United States and
Canada ampnnfol a only 2 Qok U0n bushels
against 5,220,0O0 bushels last week, 2.9l6,0s3
bushels this week year ago, $4,000
bushels in 1896, and $4,000 bushels in the
third week of January 1885. Indian corn
exports also show a heavy falling off,
amounting TO only 3,4S6,O00 bushels this
week. against 4,461 900 bushels last week,
$4,000 bushels last year, and 1872 900
bushels in the corresponding week of 1896.
A further falling off in the number of
business failures is reported in the United
States this week, the total being only 309
against 323 last week, 429 this week a
year ago. 3l4 i'm this week of 1896. Sl2 in
1885, and 1873 in 1894. Failures in the Do
minion of Canada show a further falling
off, amounting this week to only i6,
against IS last week.
VOLUME OF TRADE REMARKABLE.
Messrs. r. C. Dun & Co.'S Weekly
Review of Trade says: With a
volume of business remarkable for the
time Of year, SO per cent. larger than
year ago, and l0.4 per cent. larger than in
1892, in payments through clearinghouse.
II is not discouraging that one or two IN
dustries are tagging. The demand for
most goods is heavier for the season,
works are better en-
ployed. 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. Ex-
ports of products continue surprisingly |
heavy, in spite of some rise i'm prices. |
Treasury receipts from customs were |
larger in twenty days OF January than |
IN the entire month OF October or No |
yember and apprehension regarding the |
monetary future is no longer felt outside
IF speculative circles.
Failures are considerably smaller than
we're ever known at this season, both
and trading being less
han half last years.
Railroad earnings i'm January thus far
eported have been 176 per cent. larger
han last year, and 1895 per cent. larger
han in 1892.
egular sales was not accompanied by
igns of speculative excitement. In fact,
he continuance Of extraordinary exports
.945. $50 bushels, -four included for the
reek from Atlantic ports. against 1.573,-
Is last year and for three weeks 9002,-
20 bushels, against $3.50, 532 last year. be-
ides 4,036, $40 from Pacific ports for three
leeks, would give excuse for high prices.
ven if the corn exports were not enough
D suggest great foreign need, amounting
D 9,27O,1S9 bushels. The fact that car
oes of corn were shipped during the
reek 10 Egypt and Russia, the very
ountres upon which Europe most relies
Or breadstuns, next TO the United States, |
nected trade not unreasonably.
Just when unprecedented production OF
ig-iron was causing weakness, extraor
mary demand for finished products APP
ears. For this season at least. the
eneral demand is beyond precedent, in
uding 10000 tons of steel rails for the
eek and 100000 already this year; Or
ars for plates so large that Pittsburg
orks send away some 10 other con-
srns, unable to fill all they receive; or
srs for bar such that many concerns
re obliged TO refuse more an excellent
emand for sheets, and a fair one for
ructurai forms. Nor does this demand
)ring from efforts to combine makers
wire and it's products and makers OF
n-plate. Prices or all unlSned products |
e sustained by the demand, though
essemer pig is cents lower at Pitts
lrg, but pig at Chicago is strong, with
me production of finished forms de-
yed by its scarcity.
The great strike of operatives in the
tton-mills Of New England seems as
nvenient to mill-owners, with their
.avy stocks unsod, as if they had or
red it. Probably 1t Will last long
ough TO work off stocks, and the print I
9TH market is already about l per cent
ronger while a slight advance is noted (
scme other cotton-goods. l.
With a very stagnant market for wool | |
*. 200 pounds were sold at the three |
ief cities The enquiry for round lots II
mainly for wool suitable for cheviots n
lie mills have taken satisfactory orders II
r such goods, probably not without n
owing where they could get the wool II
i'd the goods movement is distinctly III
though quotations for the ID
yher-priced heavy-weights are still de
red But very large business for the
ming season is already assured, accord
: to accounts entitled to confidence.
rhe failures for the week have been
in the United States. against 400 last
ar and 50 in Canada, against 60 last
ar
ssXybnf the NCiphbors Saw,