Daily press. [volume] (Newport News, Va.) 1896-current, 1899-10-28
CONDITION OF TRADE.
Prices still Hold Strong, Hut lplstrinu.lve
Trade Ia nuiet+r


NEW YORK; oct .7-Bra,lslrcr,' $
tomorrow will say:
\ ruittInS down Of uistribu,ivr
trade. more particularly ut retail. is
exported in telegraph ;,dvires to Brad
streets this week, growing out of th,.
unsraSonably warm weather now being
.Nrrrlrnctd ~ most sections OF the
country Reflection Of this is found in
less urgent orders. received by manu-
rnclur"rS and somewhat impaired col
lrCti"n$ II n!:lnN points AS regards
Prices. however. there is no lpprrc;l bic
loss of strength. tn" great njurtv or
quotations remaining steady and
among those making changes ad-
Nances are still most numerous That
he general business of the country
remains at an unprecedented volume is
| testified 10 by the heavy gains noted
in bank clcarances over Il year ago and
by IN" immense increase in railroad
earnings over exceptionally good re :
| turns last October. AS regards the
current activity in transportation. it
may be said that east bound traffic
from Chicago in the past month has
been more than double that reported
in the same period year ago and
nearly twice as large as that report
cd in October Of 1892. Il record period
Of good trade.
OCEAN FRE1GHTS LOWER
ne hte'tll lrclSntS situation is
gradually improving. partly because
high rates are attracting all available
dlSengaEcd tonnage and partly because.
check OF foreign buying. particularlv
or cereals. caused by the advance in
steamship rates. has exercised Il reflex
action on The latter market. Simulta-
neouslE with the drop in freight rates
this week has come a hardening of
quotations for cereals partly the result
OF this improved foreign buying meet
ing the late decline. and partly also
because foreign and domestic demand
for corn has not as yet brought out
the flood OF offerings caller looked for
Wheat has been sympa thetical'y strong
as nave other cereals and wheat nou.
has been advanced this week
Coffee is firm. but not much higher
en- the week. some speculative resc-
ton having been noted.
Among leading products decreas sing
in price. tin and copper among thu,
metals have been most notable the lat
ter claimed to be due 10 production an
preaching more to IA parity With de-
mand.
COTTON AND WOOL,
Cotton is fractionally lower as the
result Of deadlock between foreign
consumers and American producers
The situation OF cotton goods is one
OF aggressive strength and is q sup
porting feature of no small account
view of large sales
Lumber. after a slight hesitation at
some markets due To enlarged supplies
is again very firm. as are also hides and
leather. in sympathy with recent adj
vanreS in boots and shoes.
The Situa ton of iron and steel is nar-
hapS the most notable one vet report
| ed. The feature of the market is the.
| reported booking by the steel rail mills
i or the country Of nearly is per cent.
Of their capacity for next years de-
| livery. In all 800, 200 tons Of rails are.
reported 10 have been booked for Geliv-
| cry next year and there is in addition
considerable unfinished business OF 1898.
an account which. il is claimed. viii
still further enlarge the volume OF
business handled next year.
DEMAND Is HEAVY.
! Heavy buying of pig iron is reported
at prices at or below those ruling for
some zine past. In allied lines of bust
| ness, demand is still very heavy. de-
nanu for steel fer cars of plates fo,
| building and for Wire being additional
! signs of strength Demand for hard :
| IN" scarcity of SUPPLIES reported la ST
week is Sill a feature and J0bberS are
sun pushed TOR prompt shipments
Earbed wire. nails and hand nipple
ments tend higher at some eastern
markets. Complaint that present high
prices are injuring our export trad. is
also heard.
| Wheat. including -four shipments. for
| the week aggregate A4lG.i95 bushels;
against i.lGO.6lS bushels last week, s.
| .'t0a'l bushels in the corresponding
week Of 1898: 5,Sll.3Gl bushels in 1897
:'.o2S,oO bushels in 1896 and 2,743.Ol4
/ bushels in 1895. Since July !. this sea
son. the exports of wheat ageregat. !,
G?."42.1Co bushels against g.. $50
bushels last year and 1928 G9l bushels
| in lS47-9A
! Corn exports for the week aggrrga tc
/ 1,"2'.'l9 bushels against 5 05S. 691 Eushcl !
last week. 2.42i.316 bushels in this week
7 year ago: l,5S9.l15 bushels in 1897
i :.'4?,42d bushels in 1896 and 1870. 56l
bushels in 1898. Since July |. this sea-
| SUI. corn eNDlElS l.. 4