The times. [volume] (Richmond, Va.) 1890-1903, 1899-04-16
BUSINESS On
THE INCREASE.
Reduction in Speculation Has Not
Affected Production,
THE EXPANSION IS GENERAL
And No Fear is Entertained. rs Here
toGDre, OF a " ild Passion of Trad
ing-Dcmand for Finished Iron
Products StiIl Unsatistied.
THE EXPANSION IS GENERAL

NEW YORK. April li-R. q. Dun Il
COS Weekly Review Of Trade Will say
tomorrow:
There is stul increase in all legitimate
business. and the productive powers or
great industries increase even though
some. of their stocks decline. The SHARP
reduction in speculation a week ago, IN
uowise effecting the productive capacity
OF furnaces has been in part recovered,
while the disturbance in business caused
by the formation OF great combinations
has IN a large measure ceased. Inc
money market Be- in safer and more whole
some condition, and BOO spite OF four heavy
payments by large syndicates, amount
INK 20 about SQoo10oo has grown easier.
The only stringency has been IN call
loans.
IL is not owing to speculation alone
thar p9vments through the chief clearing
houses have been larger than ia the same
week OF Isg1 and SO larger than last year.
New York transactions FAR exceed those
of any previous week ylibs, 502 1Os in
amount-but outside OF New York the
clearings were as per cent. larger imam
Am 1888 and 4i6 per rent. larger than IN
1882.
UNPRECEDENIED.
The truth is that mo- such expansion IN
the general business of the country mas
ever been seen. and the records VIII De
no ground for fear that Wild passion
for trading has again lited TIE "hole
business community on IT'S Ieet but ILL.,
stead there is found surprising Increase
I'm the chief Industries Naming hfSt some
of which only returns of raw material
give definite indications. raw silk imports
increased 81 per cent. Tor e.sht months
of the fiscal year over last, hides, I'D per
cent: India rubber, &c; tim, q. and hDres'
10 per cent.
The output Of pig iron April Isl was
2l5. as tons weekly. against ~ l'' Marc"
lst. with rs rs tons decrease ln STOCKS oh-
sold and 1900 in warrants. indicating -
consumption in manufacture or l'l''V i'
tons bon March.
I'm the haste of forty other furnac g
20 get into operation. with their pos- ole
output of 5000 tons more weekly h's
helped to keep prices of pig quite steady.
although strong but the demand for hn-
ished products is far from satisfied.
Pilates have sold az $40 Tor sheared ar
Pittsburg. but the leading mills there
and mills elsewhere are crowded Tor
months and many will not quote at ail.
Large contracts were closed in sfruc-
ural works. one for 5000 tons just bee
fore th. advance In prices. but chicago
order, This week cover 5000 tons building
work. and everywhere there ls mucA
business BOZ sight.
Rar and sheet mills are hindered by
pro.pocts Of consolidation. but though
feO orders for bars are taken Just now
az the West the Philadelphia market Is
more steady.
BREAKS THE RECORD.
Tho Couneusy De coke product, lis Jos
.,,. for fho week surpasses all records,
and p-ic.s are steady as brloIe qu'l-4
Lake conner is strong az u p. 'euss az
scarce and Tin went mp swiftly Win ,n7
.,5,p declining only % - u cents.
-, ,ito ~ some STRIKES because wages
we're not raised as murR as eNpoe g.
H. cotton Industry has very good le-
,nand and mOst mills are 'lhiHs S"'la
factorilv. The Southern combination OF
nne goods market Is proposed INC t -
of nail river mills which has KEEP, p, rec
- s,eedv ~ late Woolen mills nave
begun To buy wool more largely lnOu7 ~,
A. rrioes much of their own making n4l
there is improving demand loI soons
with light weight purchases con''''G ir,s
surprisingly large for the 7rdsul- - 80
sales of wool at the three markets 10. o. ,o
600 pounds In two weeks asa'i''' ''''~'
Wheat advanced about IL a cent ac .,
counts Of injury discovered since HP
lst suppIcmenting tho government re-
port were the worst Of the stories true
there H. yet spring wheat seeding 10 MAKE
up for deficiencies though the season
| Is getting rather late.
GRAIN EXPORTS.
Exports have been reduced Atanito
-four included amounting 70 59t0 ~
bushels for two weeks against 5y3 lf'
last year and Pacific 10 5G4.362 bushels
against 20a3.942 last year. with other eX-
ports S6 81 bushels
Corn Is shade stronger. and in two
weeks exports have been 6lSi.6g3 bushels
against Sl4G6sl last year
Failures for the week have been lSS TN
the United states against iSf last year.
and % IN Canada arafns. fe las, year