Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-09-30
BUSINESS BOOMING.
VOLUME OF TRADE CONTINUES TO
EXPAND GREATLY.
ASTONISHING DEMAND FOR TROY.
The Rise in Price Seems to Have No
Eject Toward Iessening-Pretty
Much the Same story In All Other
Lines.

NEW YORK, September 29.-Messrs. r..
G. Dun e Co.'S Weekly Review Of Trade
will say tomorrow: September is the
twelfth consecutive month in which the
volume of business, both at New York
and outside of New York, has been great
er than in any previous year. In these
twelve months payments through the
clearinghouse have been $50, COO. 0oo, GEO.
against So, 200, O00, 900 in twelve months
ending with September, 1882 an increase OF
SOS, 400. 700, OO0-over 46 per cent. When the
tremendous expansion began men called
1t replenishment of long-depleted stocks;
then for a time it was called a crazy out
burst of speculation, and when demand
still expanded, the same permanent in
crease Of business was recognized as
result of increased population, earning
better wages, but the demand still grows,
now ranging about GO per cent better
than in 1892 while population, according
to the Treasury estimate. is only 10 per
cent greater, and wages are not over 10
per cent. greater.
A reconstruction of business and the
industries. of producing and transporting
forces, is in progress throughout the land,
with results which none can now mea-
sure.
IRON AND STEEL
Iron consumption, instead Of 10000 tons
Der month in 1892, is now over 10000
tons per month, and yet is so far behind
the demand for products that the capa-
city of most works Is sold far into next
year With sales of 5000 tons at Pitts
burg, Bessemer pig rose 10 20.50. Chicago
coke and southern pig again rose 81, and
new furnaces are sold many months
ahead before they begin work. Bars are
hard 10 get at any price, the whole out
put Of the Republic Company being sold
10 January, and 2.25 is quoted for COM
mon at Pittsburg, while at Chicago the
great demand for car-building falls on
works overcrowded.
Contracts for $1,000 plates have been
placed at Pittsburg, and at all points the
price is rising with astonishing demand.
Sheets are also higher, with the demand
intensified by renewed efforts for concen-
tration.
BOOTS AND SHOES.
The shipment of boots and shoes from
Boston have been 3,500676 cases, against
2, $50, 6s2 in 1892, and in four weeks $685.
cases, against 800 500 last year, 376,71 in
1897. and less in any other year. Here the
Increase is more nearly proportional TO
population and WAGES, but works are all
a month or more behind their orders for
the season. Spring orders are fair,
but restricted still by unwillingness
OF makers 10 contract largely at
prices now obtainable, which ave-
rage about cents advance where
makers deem Z IL cents necessary.
WOOL
eral advance, averaging about lie. OH
washed fleece combing and some I'M
washed The entire list quoted by Coates
Brothers probably averages about 1-ic.
higher. Heavyweight woollens are well
cleaned up, and of spring worsteds many
lines are withdrawn, the clays being NOM
inally advanced to 1.45, with some fancy
worsteds per cent. higher Stronger
demand for cotton staples causes an ad-
vance OF lac. in brown sheetings and
drills. and l-2c. in some bleached goods.
A broader selling arrangement at Fall
River seems likely TO prevent the pro-
postd consolidation.
COTTON.
Cotton opened the crop year a. 6.2j cents
and has risen TO 6.S, although about a
quarter more has come into sight than
last year from the greatest crop on re-
cord and stocks here and abroad, COM
mercial and mill, are 658,0O0 bales greater
than "A year ago. But belief In serious
loss by drought gains greater ground, and
also belief in largely-increased manufac-
ture.
WHEAT
Wheat exports from the Atlantic and
Pacific have been 4,294, 1886 bushels for the
week. flour included, against 4,S6i,0 last
year and in four weeks, 1891, 2b3 bushels,
sgalnst 1901 ,S64 last year. The foreign
demand has aided 10 sustain prices, which
closed 7-sc. higher than last week, al
though western receipts have been 2912e.-
5is bushels in the past four weeks, against
81 ,S30573 last year.
Corn is unchanged in price, and still In
large foreign demand. exports having been
I'm four weeks 12,l55,90i bushels. against
5 1894 last year, with western receipts
of "a. 4s3, s74 bushels, against l5,3l9'2s0 last