Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-11-04
THE WEEKS TRADE.
DECLINES IN WHEAT AND CORN DO
NOT HINDER EXPORTS.
ENORMOUS SALES OF WOOL.
cancellation of Higher Prices at
London Prompts Speculative Buy
tnr-Cotton Manufacture En-
couraged-Pig-Iron Prices.

NEW YORK, November S.-Messrs Il.
&. Dun & Co.'S Weekly Review OF Trade
VIII say tomorrow:
The British disasters in South Africa
have brought TO view something besides
fhe steady self-reliance OF the British peo-
e-to wit, that they hold not many
American securities to be dislodged in
any time Of alarm, but are inclined TO
take more when money looks Tor safe
investment
A decline OF SIS in wheat and 1 1-2 in
corn does not hinder exports, though it
is some evidence that growers think they
have ample supplies. Atlantic exports Of
wheat for five weeks have been. flour in
Guided, l56o6.59S bushels, against lS1S2,6A
last year; and Pacific exports. 2.n3.j5l
against 1917, 44 bushels last year. West
ern receipts of wheat have continued
heavy. but have not rivaued last years
extraordinary Outpouring, amounting TO
only 50 S5S0s7 bushels IN five weeks
against 49GiO7sl last year. but western
corn receipts run ahead or last years in
the same weeks, and the exports have
been 1N6sl,0H bushels. against u,5JS,lJS
last year.
WOOL AND COTTON
The enormous sales Of wool at Boston,
n $1,000 pounds. as reported making D.
c5S.7U0 at the three chief markets this
week, are extremely important. That they
are not Tor consumption. ds The trade is
naturally tempted 20 believe, may be
true and yet actual purchases by The
mills Of half that quantity would imply
extraordinary encouragement respecting
Che demand for WOOllen goods.
The prices have been generally adj
wnced 20 an average scarcely below that
of Lay 1882, and for Ohio washed, light
and dark unwashed, and pulled wool
slightly higher. The expectation Of higher
prices az London prompts much specula-
tive buying.
cotton manufacture is also encouraged.
with prices rising. SO that, with middling
up.anGs al 7.56. goods are relatively high
e. in price than they have been since Oc-
ioDer LIST. but whether both will advance
much farther depends upon the correct
ness of current estimates OF the forth
coming crop.
IRON AND STEEL
Prices of pig-iron for early deliveries
are stiu advancing. but as a great part
az the demand has protected itself by
D.ntracts running far into the next year.
including purchases Of $4,000 tons OF Bes-
semer this week at $3.50. and as billets
are quoted al $3s.iV Tor spot, but SO FOR
next year. the market can be interpreted
in several ways. Anthracite pig is also
quoted al S2i5O for early delivery. but
finished products have advanced during
the past week, except in refined bars.
which the Eastern Association has put
mp 81 per ton. More weakness appears i'm
some lines, Of which the works have not
orders running far ahead. But if is
claimed that 10000 tons of rails-SO per
cent OF me entire capacity-has been
sold for next year
Tin is weaker at $3.50 cents. and Lake
copper al II cents. while spelter is offered
az ass.
BOOTS AND SHOES.
Dealers are refusing To- Day the bienor
prices asked by manufacturers of boots
and shoes, 70 such an extent that future
orders are somewhat restricted. Yet the
October shipments were 4lS722 cases
against 45.259 last year. an increase of 10
per cent, and 3C1939 in the same week OF
1872. an increase Of nearly 80 per cent.
Considerable irIegul8uty appears I'm
tine reation between demand and supply.
with rather more activity in buying ON
the part Of dealers. Hides and leather re-
main strong packers having somewhat
advanced prices at Chicago their sup
plies being sold four 10 six weeks ahead.
FAILURES.
Failures for the week l3 in the United
States against 1914 last year and p IN
Canada, against 2S last year.