The times. [volume] (Richmond, Va.) 1890-1903, 1899-01-07
The Need Of These Has Changed
Prices About One Per Cent.
A LIKE IMPROVEMENT IN WOOL.
The Country l. Distinctly on the Up
Grade, With No Sign Of the Re
action Which Sometimes
Follows IS Large and
Rapid Business
Recovery.

NEW YORK, Jan. C.-R. G. Dun d
Company Weekly Review of Trade will
say tomorrow:
The year begins with the kind of busi-
ness demand that counts. For months
there has been rising demand for mate
r.als. but now thc crowning demand for
finished products begins TO advance
prices. In the iron and steel industry
about per cent without quo,able
changes m pig except at the east. Beams
have advanced 81 per ton. angles 81, bars
ST. and plates are strong with an Aus
tralIan order for 5000 tons refused at
Chicago because the works are already
ortrcrowded Many thousand cars age
covered hy~ orders at pittsburs, 10000
tons bars are taken for agricultural
works Az Chicago. 10000 tom sof rails
are taken by the Pennsylvania Company.
THE Midland Railroad Company of Ene-
iand has ordered twenty locomotives
rr0m the Baldwin Works. and many
other home and foreign orders are re-
ported.
DEMAND NEVER GREATER.
The demand has never been greater At
the beginning of the year than BE- is now.
The woOIeu manufacture has similar
Improvement While 100 quotations of
wool by Coates Brothers of Philadelphia,
average ls.3 cents against -o.1 % year
ago. the market DIS gradually yielding bee
cause people appreciate the magnitude oi
stocks 0u haud while tho Boston Conn
mercial Bulletin reports 90 El,D0V0
pounds an increase boo lts account of
100000 pounds for the year.
obviously this means great move
ment from the farms to mliers stocks
and eastern arkets bat prices are not
low enough t0 encourage large buying or
consumption by the manufactures. The
onlv heavy weight goods yet opened are
af reduced prices ar had been expected,
and Il i- sum uncertain how far the trade
for thc coming season may prove saus-
factory
Cotton goods are in fair demand with
cotton 900 $50 cents. ana while nobody
can guarantee That the price viii not
go lower 10 is believed 10y competent OBJ
servers that Che market for goods is so
FAR relieved of accummulatcd surplus that
prices are not likely to decline mdtc-
rIally. The movement of cotton thus ldr
indicates crop OF 21J0W bales larger
than that of ast year. in spite of aii
10 hold DO back
NOT IN GREAT NEED.
AS producers are not this year in un-
usual need "a movement $50 heavy hinders
any advance in price. although the tak-
iues of spiuners have been as large in
l09, as u any other year. and exports
larger than before. The wheat move
meut has tO sustain the largest foreign
demand movement ever known for wheat
and corn together. and Atlantic exports
of 52lAf20 bushels flour included.
against 2sWMS last year. with Pacific
exports of GitS23. against Sl246 last
year would give some reason 90 antici-
pate higher prices were not the Western
receipts. 41W5a bushels against 2S6@2
f0r The same week last year The won
der is that the foreign demand for corn
continues so heavy. 3512 4l2 bushels hav-
ing been exported in the week against
90 500 in the same week last year.
The country is on the upgrade and
the men who expect 81 90 take the down
ward road have yet some time 10 wait.
There aye no indications OF the reaction
which follows large and rapid business
recovery. and existing conditions I'm the
industries and in foreign trade by no
means forbid the hope that tho increase
may continue as 20 did after the revival
In 1870 for several years.
Exports compared with imports con-
tinue fO indicate an enormous balance
in cash due This country. and gold im-
ports begin again. Failures for the week
have been 2i2 IN the United States.
against 322 last year. and a IN Canada,
against % last year