Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-07-29
CURRENT BUSINESS.
VOLUME OF TRADE LARGER THAN
A YEAR AGO.
SPECIAL ACTIVITY IN IRON.
Glass Trade Conditions the nest LOT
yc,rs-CereaI Markets Not Much
Chnnged-Cotton Prospects linz
proycd-Tobncco Firm.
Glass Trade Conditions the Hest for
provcd-Tobacco Firm.

NEW YORK. July 2S.-Bradstreets TO-
morrow will say: Weather conditions eN-
ercise their natural effect upon the vol
ume of current business, which Is, how
over. larger than year ago, and restrict
speculation. therefore limiting the volume
of bank clearings, without however eX-
ercising any particular influence upon
prices. which display nearly all their oiu
firmness, and. in fact, show stin further
advances in several lines. Official stats
,ics Of pigIron production, for the first
half of 1899 point 60 the largest produc-
lion on record. having been insufficient
10 Offset current demand, and stocks at
the close of the half-year are FAR below
what they were at the opening or at this
time one year ago.
Special activity in the iron and steel
Industry is reported at Chicago, where
heavy advances have been made in I'M
ished products. and numerous shipments
are reported not only to ONO ana Fehh-
svlvonia. but as far east Us Boston.
Every blast furnace in the Blrmlnshdn'
District is expected TO be in operation by
inc advent of autumn, but the production
for The latter part Of the year 1899. which
PROMISES 60 be enormous, has all beeh
booked.
The glass trade is reported particularly
active and conditions in that INDUSTRY
are said To be the best for years past.
CEREALS AND COTTON.
The cereal markets note little
change I'm price but trade opinion seems
10 favor steady demand and few fluctua-
lions i'm view of admittedly large neces-
sarv takings by foreigners. Liberal rains
at the south. particularly In the Attain
1ic-t,oast States, have improved cotton
prospects. and a slight shading IN price
IS TO be noted for the week.
Among the metals, tin has displayed
exceptional strength, largely in sympathy
with heavy advances abroad, claimed 10
have legitimate basis in heavily -increased
consumption. without a corresponding
output OF the raw material. Smaller ar
rivals and hcaVily-reduced arrivals or raw
sugar. added 10 the large sales of rehned,
have resulted in an advance in the former
nroduct. Lumber is strong In price ana
some building operations are reported in
rerfered with Northwestern shipments
of white pine are reported very heavy
Tor the season.
Tobacco is firm and cigar-leaf scarce;
pointing 10 good prices being realized Dy
holders.
Among the textiles, cotton-goods retain
au their old strength. FAN demand for
dry-eoods is increasing, but complaints OF
slow delivery are more frequent. Manu-
tacturers of woollen goods are purchas-
3ng more freely Of fine domestic grades
and prices tend upward. although there
IS less speculative buying reported at
leading markets.
THE FAILURE RECORD.
The failures for the week number l'O'
against ia last week. lSs in this week a
year ago. 25s in 1897. 29i In 1896 ana ~ IN
1886.
Canadian failures for the week number
10. against 70 last week. "a in this week
year ago, 81 in 1887, 81 I'm 1896, and "a IN
1856.
GRAIN EXPORTS
Wheat. including -four. shipments for
the week, aggregate 3.S6S,45z bushels,
against 3i0SO73 bushels last week. 2,S1lS.2
bushels in the corresponding week Of 1888,
23is.o2 IA 1897. 2Ggs 7ls bushels in 1896 ana
1901 in 1895. Since July LIST. this sea-
son, the exports Of wheat aggregate H.
7d.2.2 bushels. against l0SiAS0 bushels
last year. and s.Si55E bushels In 1891.
Corn exports for re week aggregate
7N.2s2 bushels aggEsSt iO,Sl4sl0 bushels
last wetk. 2,GJl.sn In this week year
ago. l.E2.7l5 bushels IN 1891 ii9j.si2
bushels in 1896 ana J9i s65 bushels In 1895.
Since July 1st. this season, corn exports
aggregate 1901, is7 bushels. against lO.G57,-
40 bushels during the same period a yeas
ago. and s,3i2,S2l bushels In ls97-9S