Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1899-01-28
THE TIDE OF TRADE.
ITS APPARENTLY STEADY RISE d.
VERSIF1ED.
The SPECULATIVE OUTBURST.
Large transactions and Buoyant
Prices in Cotton and Whent-signs
Of sympathetic, Though smaller
Movements in Other Lines.

NEW YORK. January 27.-Bradstreet .
tomorrow will say; The apparently
steady rise in the tide Of general husi-
ness has been diversified this week by an
outburst Of speculative interest ia d. num-
her OF staples. notably cotton and wheat
which heretofore have registered steady
gains on actual consumpuve demand.
rather than on the development of mark
cd bulllsh speculation. Large transact
lions and buoyant prices have been fea-
lures in these staples and signs are not
wanting thar sympathetic though small
or movements ga the number Of other
lines are either under way or contem-
plated. Exceptional industrial activity.
particularly i'm The iron and steel trades.
IS another feature of note, and here. too.
price advances are an but general. re-
fecting. so far as can be seen. chiefly
the urgency " consumers requirements
tAo claim in fact being made that snec,-
aton has not as set entered into the
buying stage in this branch Of Industry.
-Ae same claim, however. can hardly be
made as regards "a number of movements
lustries where in fact the movement
toward combination is described as APP
Ir1aching a virtual craze.
ln the regular channels OF distrbutlve
trade conditions continue, In Tx main.
.-stactOry. the volume of spring orders
.t most markets being represented as
larger than In any recent preceding year
tt rl.s time. While it is hardly possible
90 fx The entire responsibility for the bull
tress in wheat and cotton upon the
movement which 50 far has proved SO
ful in stocks. the claim IS freely
rat. that considerable profits realized in
-a. stock markets have sought expression
FRI tre channels Of staple food and textile
distribution.
SITUATION IN WHEAT.
Color is given 10 this claim by the fact
t..r -he actual situation in wheat shows
I. .-e change from recent weeks. II
t-.e that the tendency 90 pare down
ALLEGED official estimates Of Russian crops
some weather reports from the West
have been more encouraging 20 the hold
... no actual wheat but the magnitude
t.e oltburst of new buying. shared IN
.r former persistent shorts in wheat
hardly explains the activity I'M this
which has resulted IN the hish-
II.t ched since the collapse or
. L-.r deal.
.....t. .- demand for nearly an class
... lion ana steel is reflected m add
. . r.srIv every class Of pig-iron,
500. Luets rails wire. and plates.
-..rs ~ "a large number Of
.....-s and combinations. projected
uay are also a feature IN me
.u .. l.tar metals notably copper
.....I.tiou and actual demand
t.. riober prices. Better re-
,....,.el com the lumber trade
.f.- ~ cities and all the old adj
F.. .rtsfncd with confidence in
...0.l ..- .rrina, business.
-u. .nr.-..rt 5r,--poods trade IS 20
f.....I .. ...,,, roirrs notably Phila-
...I..- aH. Boston, Wool. though hIIn
and finished pIoouC'I7'
Exception ot ares7
' DID. move as freely as hopeu lui'
"..E Boo fact being inc
I".a announced by some man
GENERAL INDUSTRY ACTIVE.
General Industry, IS reported active. no.