Daily press. [volume] (Newport News, Va.) 1896-current, 1899-10-07
BUSINESS is BOOMING.
Dun's Review Shows Continued Prosperity
In Trade.
(Ry Telegraplo.)

(Ry Telegrapl)
NEW YORK. Oct. G.-R. G. Dun &
Cos weekly review of trade Will say
tomorrow:
The grand demonstration in honor Of
Admiral Dewey crfcctually stopped
business Of most kinds for two days
at the chief city Of the country. ana
yet the remaining transactions of the
week would have excited wonder a
year ago. At New York, where the
interruption was greatest. payments
through airing houses exceeded ST.
o5a.OooOoo in four business days, II re-
cord never before approached. and out
side of New York the gain reflects a
great expansion in the volume of that
kind Of business which does not de
pend On exchanges. 1t has been a week
of remarkable monetary changes here
and elsewhere The bank Of England
raised its rate one per cent. before and
l.. per cent. more after its weekly
statement from: ! . to 5 per cent. With
the hope that the outgo to New York
Germany lost also and raised its rate
to 6 per cent. and the Bank Of Franco
lost heavily. While high rates were
raid here for money required in spec
ulation, no stringencE cmharrasscs ans,
branch Of legitimate business and the
stock market has held up surprisingly
BIG TRADE. IN STEEL.
With such business the great
steel companies are doing it is not
strange that their stocks are firmly
he'd. Their, have been heavy sales Of
rails deliverable next year. So being
liked rs the price. after consultation
and about $50 Geo tons fairly divided be-
tween eastern and western works were
sold. For their protection the great
companies fought biilcts III large guam
titles for which ii is said So Was paid
~ som" and Of R,Ssnnrr pig nearly
200, 900 TONS. the Federal Steel 90. taking
10000 and pittsbur9 works taking adj
vantage nt old options Other large rail
contracts are expected soon, especially
those of the Pennsylvania. The plate
works seem 70 he gaining little il any
on their orders. and har mills are as
crowded as ever. While the renewal Of
efforts for consolidation of sheet mills
causes more active buying. Thus While
EcsSemcr pig rose % cents and grey
forge at Pittsburg declined 80 cents
finished products We're not changed rN-
'rptinS another rise Of Is cents per ll@g
III cut nails and there is reported some
disposition to hold back orders because.
81 The general rise in prices
WOIEI. MARKET STRONG;
me wool market is strong With sales
iol Over ten million pounds at the three
principal ccntrrs. prices being nain-
talneG although the demand in London
has been checked. J. seems still uucer-
tain what form Of consolidation il any
VIII be adopted by the Fan River con
Germs
After advancing about two cents
wheat declined sharply uncertainty in
me Iransvaal being used by specul;.
tors rs excuse for the fluctuations The
closing price is unchanged. with At
!ahtlc exports of ''.362062 bushels, flour
llci':ded, against 2,SSi 33@ bushels last
year, ana Pacific exports Of 337 O12
bushels against 1o2.4l4 last year. When
IT is noted that corn exports were also
a'?32 a52 bushels for the week against
-'''l wv last year. the price rising one
c'ht: IL seems not strange that wheat
continues urn ana western receipts
,'aEe nt"n tnf the Week only G.G44 IL;
~, n,'Si'els against 800 for the year.
lhe liticHdfdlSe exports from New
r,a ...I. p',el IN ,nur weeks 81. 20:.-
,-hint VIM "Iiii'st '-,'foi94 iast year.
,,,,>l, ~. Wy ms ease IN i1anufac-
t - ,st'"i - hs'i ~ COTTON exports
a,,,,a, ~ ut'!e' i'"'hts lhSufes an en-
i,.l n'rus' -, ioi oeieefllDef Whiie thr
hn.r ,ho,, 90 nh" noH ~ NeW ofk has
IL ~ a,,a,,ni, ~ N'lue' apparent
nnrts ln, ~, - iet,''Je llle Excess os q
- '''''t'' ''elo" s'o'ooo'VoV.
~ 49, so aiioes ol orlSht yellow
I1n,,,a Ia,,r,,., Ia,,. ~ ~. t'iaies
n,i,. thot ~. w mule .l'e 1lrst
~ nn,.a h..ta ~, - mIalil!ls ton ihey